Stark Novus Financial (SNFI) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held virtually on November 9, 2026, with voting on director elections and auditor ratification.

• Proxy materials are distributed electronically to reduce environmental impact and costs, with options for printed copies.

• The company has resolved bankruptcy claims, released $16.7 million to unrestricted cash, and made a cash-flow positive acquisition.

• Focus remains on ongoing litigation, prudent cash deployment, and organic and transactional growth of Affinity.

Voting matters and shareholder proposals

• Stockholders will vote on electing two Class II directors for three-year terms and ratifying BDO USA, P.C. as the independent auditor for 2026.

• Board recommends voting "FOR" both proposals.

• Shareholders can submit proposals for the 2027 meeting by following SEC and bylaw procedures.

Board of directors and corporate governance

• The board consists of five members in three staggered classes; two Class II directors are up for election.

• All non-employee directors are independent under NASDAQ rules.

• Three standing committees: Audit, Compensation, and Corporate Governance and Nominating, all comprised of independent directors.

• Board leadership is separated between Chairman and CEO.

• Board and committees met regularly, with all directors attending at least 75% of meetings.