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): May 16, 2012

 

 

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

(Exact name of registrant as specified in its charter)

 

 

 

Luxembourg   001-34354   N/A

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

291, route d’Arlon

Luxembourg City

  L-1150
(Address of principal executive office)   (Zip Code)

Registrant’s telephone number, including area code: +352 24 69 79 00

N/A

(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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ 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

The annual meeting of the shareholders of the Company (the “Annual Meeting”) was held on May 16, 2012. 23,320,637 shares of common stock were outstanding on the record date for the Annual Meeting (March 15, 2012) and entitled to vote at the Annual Meeting. The final results for each matter submitted to a vote of shareholders at the meeting were as follows.

(i) The following directors were elected at the meeting by the following vote:

 

Name

   For      Withheld      Broker
Non-Votes
 

William C. Erbey

     17,118,460         1,135,537         3,310,111   

W. Michael Linn

     17,909,413         344,584         3,310,111   

Roland Müller-Ineichen

     17,909,413         344,584         3,310,111   

William B. Shepro

     18,064,233         189,764         3,310,111   

Timo Vättö

     17,909,413         344,584         3,310,111   

(ii) Deloitte & Touche LLP was approved as the Company’s independent registered certified public accounting firm for 2012 and Deloitte Audit S.à r.l. was approved as the Company’s certified auditor for all statutory accounts as required by Luxembourg law for the same period by the following vote:

 

Name

   Votes  

For:

     21,559,604   

Against:

     1,853   

Abstain:

     2,651   

Broker Non-Votes

     N/A   

(iii) The Share Repurchase Program was approved by the following vote:

 

Name

   Votes  

For:

     15,467,567   

Against:

     2,785,606   

Abstain:

     824   

Broker Non-Votes

     3,310,111   

(iv) Altisource Portfolio Solutions S.A.’s annual accounts prepared in accordance with Luxembourg GAAP and its consolidated financial statements prepared in accordance with U.S. GAAP, including a footnote reconciliation of equity and net income to IFRS, in each case for the year ended December 31, 2011 (together the “Luxembourg Statutory Accounts”) were approved by the following vote:

 

Name

   Votes  

For:

     18,252,160   

Against:

     629   

Abstain:

     1,208   

Broker Non-Votes

     3,310,111   

 

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(v) The Directors’ reports on the Luxembourg Statutory Accounts for the year ended December 31, 2011 were received and approved by the following vote:

 

Name

   Votes  

For:

     18,240,715   

Against:

     566   

Abstain:

     12,716   

Broker Non-Votes

     3,310,111   

(vi) The allocation of the results for the year ended December 31, 2011 was approved by the following vote:

 

Name

   Votes  

For:

     18,250,245   

Against:

     1,176   

Abstain:

     2,576   

Broker Non-Votes

     3,310,111   

(vii) The discharge of each of the current and past directors of the Company for the performance of their mandate during the year ended December 31, 2011 was approved by the following vote:

 

Name

   Votes  

For:

     18,204,850   

Against:

     43,034   

Abstain:

     6,113   

Broker Non-Votes

     3,310,111   

 

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SIGNATURES

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.

 

   

ALTISOURCE PORTFOLIO SOLUTIONS S.A.

 

(Registrant)

    By:  

/s/ MICHELLE D. ESTERMAN

      Michelle D. Esterman
      Chief Financial Officer
     

 

Date: May 17, 2012

 

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