UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 22, 2016 (August 18, 2016)
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
(Exact name of Registrant as specified in its Charter)
Luxembourg | 001-34354 | 98-0554932 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
40, avenue Monterey
L-2163 Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive offices including zip code)
+352 2469 7900
(Registrant’s telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.07 Submission of Matters to a Vote of Security Holders.
A special general meeting of the shareholders of Altisource Portfolio Solutions S.A. (the “Company”) was held on August 18, 2016.
Orin S. Kramer was elected as an additional independent director of the Company for the term ending as of the 2017 Annual Meeting of Shareholders and/or until a successor is duly elected and qualified. The final voting results were as follows:
For | Against | Abstentions |
14,202,756 | 37,681 | 10,407 |
The Company did not receive any broker non-votes with respect to the proposal presented.
A copy of the press release announcing Mr. Kramer’s election to the Board of Directors is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
Exhibit 99.1 | Press release issued by Altisource Portfolio Solutions S.A. dated August 22, 2016 | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 22, 2016
Altisource Portfolio Solutions S.A. | ||
By: | /s/ Kevin J. Wilcox | |
Name: | Kevin J. Wilcox | |
Title: | Chief Administration and Risk Officer | |
Investor Contact: Michelle D. Esterman Chief Financial Officer +352 2469 7950 Michelle.Esterman@Altisource.lu | Press Contact: Nicole L. Messier Vice President, Corporate Communications 617-357-6349 Nicole.Messier@altisource.com |
Altisource Shareholders Elect New Independent Director
Orin S. Kramer Joins Altisource Board of Directors
LUXEMBOURG - August 22, 2016 - Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider of real estate, mortgage and technology services, today announced that Orin S. Kramer was elected as an additional independent director of the Company.
“The Board nominated Mr. Kramer to serve on our Board based on his extensive business experience and deep knowledge of the financial services industry,” said Timo Vättö, Chairman of the Board of Directors of Altisource. “With over 35 years of experience in various public sector roles and in the financial services industry, Mr. Kramer brings both financial expertise and a valuable perspective on government, regulation and risk management. We are very pleased that Mr. Kramer accepted the invitation to join our Board.”
“I would like to welcome Mr. Kramer to Altisource’s Board. I am looking forward to working with Mr. Kramer and the rest of the Board as we continue to execute on our strategy,” said William B. Shepro, Chief Executive Officer of Altisource.
Mr. Kramer manages Boston Provident, L.P., a private investment fund founded in 1992. In addition, Mr. Kramer has extensive experience in the public sector and is a member of the Financial Research Advisory Committee of the U.S. Treasury’s Office of Financial Research. He served as Chairman of the New Jersey State Investment Council from 2002 to 2010 and as Chairman of the Robert F. Kennedy Center from 2009 to 2013. He chairs the Investment Committee of the National Park Foundation and serves on the Board of the Climate Reality Project, chaired by former Vice President Gore. In 2011, Mr. Kramer was appointed to the New York State Council of Economic and Fiscal Advisors by Governor Cuomo. In 1995, he was designated by the Secretary of Treasury to serve as a member
of the Advisory Commission on Financial Services. He was named by President Clinton as a member of the Commission to Study Capital Budgeting. From 1977 to 1981, he served as Associate Director of the White House Domestic Policy Staff.
Mr. Kramer has also served on the boards of a number of financial services firms, both public and private, and is a published author. Mr. Kramer received a Bachelor of Arts from Yale College and a Juris Doctorate from Columbia Law School.
About Altisource®
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. Altisource’s proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Additional information is available at www.Altisource.com.
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Source: Altisource Portfolio Solutions S.A.