PROXY STATEMENT
2017 ANNUAL MEETING OF STOCKHOLDERS
To be held on June 27, 2017, at 10:00 a.m., local time
at the offices of Greenberg Traurig, LLP
The MetLife Building, 200 Park Avenue
New York, New York 10166
QUESTIONS AND ANSWERS ABOUT THESE PROXY MATERIALS
Why did you send me this proxy statement?
This proxy statement and the enclosed proxy card are being sent to you in connection with the solicitation of proxies by the Board of Directors
(the "Board") of Boulevard Acquisition Corp. II, a Delaware corporation (the "Company," "we," us," and "our"), for use at the 2017 annual meeting of stockholders (the "Annual Meeting") to be held on
June 27, 2017 at 10:00 a.m., local time, at the offices of Greenberg Traurig, LLP, located at the MetLife Building, 200 Park Avenue, New York, New York 10166, or at any
adjournments or postponements thereof. This proxy statement summarizes the information that you need to make an informed decision on the proposals to be considered at the Annual Meeting. This proxy
statement and the enclosed proxy card were first sent to the Company's stockholders on or about May 31, 2017.
What is included in these materials?
These materials include:
-
-
This Proxy Statement for the Annual Meeting;
-
-
The Company's Annual Report on Form 10-K for the year ended December 31, 2016, as amended, as filed with the Securities and
Exchange Commission (the "SEC") on February 21, 2017.
What proposals will be addressed at the Annual Meeting?
Stockholders will be asked to consider the following proposals at the Annual Meeting:
-
1.
-
To
elect one director to serve as the Class I director on the Board until the 2020 annual meeting of stockholders or until their successor is elected and
qualified; and
-
2.
-
To
ratify the selection by our Audit Committee of EisnerAmper LLP ("EisnerAmper") to serve as our independent registered public accounting firm for the year
ending December 31, 2017.
We
will also consider any other business that properly comes before the Annual Meeting.
How does the Board recommend that I vote?
Our Board unanimously recommends that stockholders vote "
FOR
" the nominee for Director and
"
FOR
" the ratification of the selection of EisnerAmper as our independent registered public accounting firm.
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Who may vote at the Annual Meeting of stockholders?
The Board has fixed the close of business on May 26, 2017 as the record date (the "Record Date") for the determination of stockholders
entitled to notice of, and to vote at, the Annual Meeting or any postponement or adjournment thereof. Stockholders who owned shares of the Company's common stock, par value $0.0001 per share, as of
the close of business on May 26, 2017 are entitled to vote at the Annual Meeting. As of the Record Date, there were 37,000,000 shares of Class A Common Stock, par value $0.0001 per
share, and 9,250,000 shares of Class B Common Stock, par value $0.0001 per share, issued and outstanding.
How many votes must be present to hold the Annual Meeting?
In order for us to conduct the Annual Meeting, a majority of the voting power of our outstanding shares of common stock entitled to vote at the
Annual Meeting must be present in person or by proxy at the Annual Meeting. This is referred to as a quorum. On May 26, 2017, there were 37,000,000 shares of Class A Common Stock, par
value $0.0001 per share, and 9,250,000 shares of Class B Common Stock, par value $0.0001 per share, outstanding and entitled to vote. Consequently, 23,125,001 shares of common stock must be
present in person or by proxy at the Annual Meeting to constitute a quorum.
How many votes do I have?
Each share of common stock is entitled to one vote on each matter that comes before the Annual Meeting. Information about the stock holdings of
our directors and executive officers is contained in the section of this Proxy Statement entitled "Security Ownership of Certain Beneficial Owners and Management."
What is the difference between a stockholder of record and a beneficial owner of shares held in street name?
Stockholder of Record
. If your shares are registered directly in your name with the Company's transfer agent, Continental Stock
Transfer &
Trust Company, you are considered the stockholder of record with respect to those shares, and the proxy materials were sent directly to you by the Company.
Beneficial Owner of Shares Held in Street Name
. If your shares are held in an account at a brokerage firm, bank, broker-dealer, or
other similar
organization, then you are the beneficial owner of shares held in "street name," and the proxy materials were forwarded to you by that organization. The organization holding your account is considered
the stockholder of record for purposes of voting at the Annual Meeting. As a beneficial owner, you have the right to instruct that organization on how to vote the shares held in your account. Those
instructions are contained in a "vote instruction form."
What is the proxy card?
The proxy card enables you to appoint Marc Lasry, our Chairman of the Board, Stephen S. Trevor, our President, Chief Executive Officer ("CEO"),
Secretary and Director, Thomas Larkin, our Chief Financial Officer ("CFO"), and Randy Takian, our Vice President of Acquisitions, as your representatives at the Annual Meeting. By completing and
returning the proxy card, you are authorizing each of Messrs. Lasry, Trevor, Larkin and Takian to vote your shares at the Annual Meeting in accordance with your instructions on the proxy card.
This way, your shares will be voted whether or not you attend the Annual Meeting. Even if you plan to attend the Annual Meeting, it is strongly recommended that you complete and return your proxy card
before the Annual Meeting date in case your plans change. If a proposal comes up for vote at the Annual Meeting that is not on the proxy card, the proxies will vote your shares, under your proxy,
according to their best judgment.
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If I am a stockholder of record of the Company's shares, how do I vote?
There are two ways to vote:
-
-
In person
. If you are a stockholder of record, you may vote in person at
the Annual Meeting. The Company will give you a ballot when you arrive.
-
-
By Mail
. You may vote by proxy by filling out the proxy card and sending it
back in the envelope provided.
If I am a beneficial owner of shares held in street name, how do I vote?
There are three ways to vote:
-
-
In person
. If you are a beneficial owner of shares held in street name and
you wish to vote in person at the Annual Meeting, you must obtain a legal proxy from the brokerage firm, bank, broker-dealer or other similar organization that holds your shares. Please contact that
organization for instructions regarding obtaining a legal proxy.
-
-
By mail
. You may vote by proxy by filling out the vote instruction form and
sending it back in the envelope provided by your brokerage firm, bank, broker-dealer or other similar organization that holds your shares.
-
-
By telephone, fax, or over the Internet
. You may vote by proxy by
submitting your proxy by telephone or over the Internet (if those options are available to you) in accordance with the instructions on the enclosed proxy card or voting instruction card. This is
allowed if you hold shares in street name and your bank, broker or other nominee offers those alternatives. Although most banks, brokers and other nominees offer these voting alternatives,
availability and specific procedures vary.
Will my shares be voted if I do not provide my proxy?
If you hold your shares directly in your own name, they will not be voted if you do not provide a proxy.
Your
shares may be voted under certain circumstances if they are held in the name of a brokerage firm. Brokerage firms generally have the authority to vote shares not voted by customers
on certain "routine" matters, including the ratification of accountants. At the Annual Meeting, your shares may only be voted by your brokerage firm for Proposal Two.
Brokers
are prohibited from exercising discretionary authority on non-routine matters. Proposal One is considered a non-routine matter, and therefore brokers cannot exercise
discretionary authority regarding this proposal for beneficial owners who have not returned proxies to the brokers (so-called "broker non-votes"). In the case of broker non-votes, and in cases where
you abstain from voting on a matter when present at the Annual Meeting and entitled to vote, those shares will still be counted for purposes of determining if a quorum is present, and in the case of
Proposal Two, will be counted the same as a vote against the proposal.
What vote is required to elect directors?
Directors are elected by a plurality of the votes cast at the Annual Meeting. "Plurality" means that the individual who receives the largest
number of votes cast "FOR" is elected as director.
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What vote is required to ratify the selection by our Audit Committee of EisnerAmper as our independent registered public accounting firm?
Approval of the proposal to ratify the selection of EisnerAmper as our independent registered public accounting firm requires the affirmative
vote of the majority of the shares present in person or by proxy and entitled to vote on the matter at the Annual Meeting. Abstentions and broker non-votes will have the same effect as votes against
this proposal.
Can I change my vote after I have voted?
You may revoke your proxy and change your vote at any time before the final vote at the Annual Meeting by signing and returning a new proxy card
or vote instruction form with a later date or by attending the Annual Meeting and voting in person if you are a stockholder of record. However, your attendance at the Annual Meeting will not
automatically revoke your proxy unless you vote at the Annual Meeting or specifically request that your prior proxy be revoked by delivering to the Company's Secretary at 399 Park Avenue,
6
th
Floor, New York, New York 10022, a written notice of revocation prior to the Annual Meeting.
Please
note, however, that if your shares are held of record by a brokerage firm, bank or other nominee, you must instruct your broker, bank or other nominee that you wish to change your
vote by following the procedures on the voting form provided to you by the broker, bank or other nominee. If your shares are held in street name, and you wish to attend the Annual Meeting and vote at
the Annual Meeting, you must bring to the Annual Meeting a legal proxy from the broker, bank or other nominee holding your shares, confirming your beneficial ownership of the shares and giving you the
right to vote your shares.
What happens if I do not indicate how to vote my proxy?
If you sign your proxy card without providing further instructions, your shares will be voted "FOR" the director nominee and "FOR" the proposals
being placed before our stockholders at the Annual Meeting.
Is my vote kept confidential?
Proxies, ballots and voting tabulations identifying stockholders are kept confidential and will not be disclosed except as may be necessary to
meet legal requirements.
Where do I find the voting results of the Annual Meeting?
We will announce preliminary voting results at the Annual Meeting. The final voting results will be tallied by the inspector of election and
published in the Company's Current Report on Form 8-K, which the Company is required to file with the SEC within four business days following the Annual Meeting.
Who bears the cost of soliciting proxies?
The Company will bear the cost of soliciting proxies in the accompanying form and will reimburse brokerage firms and others for expenses
involved in forwarding proxy materials to beneficial owners or soliciting their execution. In addition to solicitations by mail, the Company, through its directors and officers, may solicit proxies in
person, by telephone or by electronic means. Such directors and officers will not receive any special remuneration for these efforts. We have retained Morrow Sodali LLC ("Morrow") to assist us
in soliciting proxies. If you have questions about how to vote or direct a vote in respect of your shares, you may contact Morrow at (800) 662-5200 or banks and brokers can call collect at
(203) 658-9400, or by email at BLVD.info@morrowsodali.com. The Company has agreed to pay
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Morrow
a fee of $4,000 and reasonable expenses, for its services in connection with the solicitation of proxies.
Who are the sponsors of the Company?
References throughout this proxy statement to our "Sponsor" are to Boulevard Acquisition Sponsor II, LLC, a Delaware limited liability
company.
Who can help answer my questions?
You can contact our Secretary, Stephen S. Trevor, with any questions about the proposals described in this proxy statement or how to execute
your vote at:
Boulevard
Acquisition Corp. II
399 Park Avenue, 6
th
Floor
New York, New York 10022
Email: info@boulevardacq.com
Tel: (212) 878-3500
or
Morrow
Sodali LLC
470 West Avenue
Stamford, Connecticut 06902
Email: BLVD.info@morrowsodali.com
Tel: (800) 662-5200 or
Banks and brokers: (203) 658-9400
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THE ANNUAL MEETING
We are furnishing this proxy statement to you as a stockholder of the Company as part of the solicitation of proxies by our Board for use at our
Annual Meeting to be held on June 27, 2017, or any adjournment or postponement thereof.
Date, Time, Place and Purpose of the Annual Meeting
The Annual Meeting will be held at the offices of Greenberg Traurig, LLP, located at the MetLife Building, 200 Park Avenue, New York, New
York 10166, on June 27, 2017, at 10:00 a.m., local time. You are cordially invited to attend the Annual Meeting, at which stockholders will be asked to consider and vote upon the
following proposals, which are more fully described in this proxy statement:
-
-
To elect one director to serve as the Class I director on the Company's Board until the 2020 annual meeting of stockholders or until
their successor is elected and qualified; and
-
-
To ratify the selection by our Audit Committee of EisnerAmper to serve as our independent registered public accounting firm for the year ending
December 31, 2017.
-
-
To vote upon such other matters as may properly come before the Annual Meeting or any adjournment(s) thereof.
Record Date, Voting and Quorum
Our Board fixed the close of business on May 26, 2017, as the Record Date for the determination of holders of our outstanding common
stock entitled to notice of and to vote on all matters presented at the Annual Meeting. As of the Record Date, there were 37,000,000 shares of Class A Common Stock, par value $0.0001 per share,
and 9,250,000 shares of Class B Common Stock,
par value $0.0001 per share, issued, outstanding and entitled to vote. Each share of common stock entitles the holder thereof to one vote.
The
holders of 23,125,001 shares of common stock entitled to vote, present in person or represented by proxy at the Annual Meeting, constitute a quorum.
Required Vote
The affirmative vote of a plurality of the votes cast at the Annual Meeting by the holders of common stock entitled to vote in the election of
directors is required to elect the one director to serve as the Class I director on the Board.
The
approval of the proposal to ratify the selection of EisnerAmper as our independent registered public accounting firm requires the affirmative vote of a majority of the common stock
present in person or represented by proxy and entitled to vote on this matter at the Annual Meeting.
Voting
You can vote your shares at the Annual Meeting by proxy or in person.
You
can vote by proxy by having one or more individuals who will be at the Annual Meeting vote your shares for you. These individuals are called "proxies" and using them to cast your
ballot at the Annual Meeting is called voting "by proxy."
If
you wish to vote by proxy, you must (i) complete the enclosed form, called a "proxy card," and mail it in the envelope provided or (ii) submit your proxy by telephone or
over the Internet (if those options are available to you) in accordance with the instructions on the enclosed proxy card or voting instruction card.
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If
you complete the proxy card and mail it in the envelope provided or submit your proxy by telephone or over the Internet as described above, you will designate each of the Chairman of
the Board, our CEO and our CFO to act as your proxy at the Annual Meeting. One of them will then vote your shares at the Annual Meeting in accordance with the instructions you have given them in the
proxy card or voting instructions, as applicable, with respect to the proposals presented in this proxy statement. Proxies will extend to, and be voted at, any adjournment(s) or postponement(s) of the
Annual Meeting.
Alternatively,
you can vote your shares in person by attending the Annual Meeting. You will be given a ballot at the Annual Meeting.
While
we know of no other matters to be acted upon at this year's Annual Meeting, it is possible that other matters may be presented at the Annual Meeting. If that happens and you have
signed and not revoked a proxy card, your proxy will vote on such other matters in accordance with the best judgment of Messrs. Lasry, Trevor, Larkin and Takian.
A special note for those who plan to attend the Annual Meeting and vote in person: if your shares are held in the name of a broker, bank or other nominee, you
must bring a statement from your brokerage account or a letter from the person or entity in whose name the shares are registered indicating that you are the beneficial owner of those shares as of the
record date. In addition, you will not be able to vote at the Annual Meeting unless you obtain a legal proxy from the record holder of your shares.
Our
Board is asking for your proxy. Giving the Board your proxy means you authorize it to vote your shares at the Annual Meeting in the manner you direct. You may vote for or withhold
your vote for each nominee or proposal or you may abstain from voting. All valid proxies received prior to the Annual Meeting will be voted. All shares represented by a proxy will be voted, and where
a stockholder specifies by means of the proxy a choice with respect to any matter to be acted upon, the shares will be voted in accordance with the specification so made. If no choice is indicated on
the proxy, the shares will be voted "FOR" the election of the nominee for Director and "FOR" the ratification of the selection of EisnerAmper as our independent registered public accounting firm and
as the proxy holders may determine in their discretion with respect to any other matters that may properly come before the Annual Meeting.
Stockholders
who have questions or need assistance in completing or submitting their proxy cards should contact our Secretary, Stephen S. Trevor, at (212) 878-3500 or by sending a
letter to Boulevard Acquisition Corp. II, 399 Park Avenue, 6
th
Floor, New York, New York 10022. Alternatively, we have
retained Morrow to assist us in soliciting proxies. If you have questions about how to vote or direct a vote in respect of your shares, you may contact Morrow at (800) 662-5200 or banks and
brokers can call collect at (203) 658-9400, or by email at BLVD.info@morrowsodali.com.
Stockholders
who hold their shares in "street name," meaning the name of a broker or other nominee who is the record holder, must either direct the record holder of their shares to vote
their shares or obtain a legal proxy from the record holder to vote their shares at the Annual Meeting.
Revocability of Proxies
Any proxy may be revoked by the person giving it at any time before the polls close at the Annual Meeting. A proxy may be revoked by
(i) filing with our Secretary at Boulevard Acquisition Corp. II, 399 Park Avenue, 6
th
Floor, New York, New York 10022 either (a) a written notice of revocation
bearing a date later than the date of such proxy or (b) a subsequent proxy relating to the same shares, or (ii) by attending the Annual Meeting and voting in person.
Simply
attending the Annual Meeting will not constitute revocation of your proxy. If your shares are held in the name of a broker or other nominee who is the record holder, you must
follow the instructions of your broker or other nominee to revoke a previously given proxy.
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Attendance at the Annual Meeting
Only holders of common stock, their proxy holders and guests we may invite may attend the Annual Meeting. If you wish to attend the Annual
Meeting in person but you hold your shares through someone else, such as a broker, you must bring proof of your ownership and identification with a photo at the Annual Meeting. For example, you may
bring an account statement showing that you beneficially owned shares of the Company as of the record date as acceptable proof
of ownership. In addition, you must bring a legal proxy from the broker, bank or other nominee holding your shares, confirming your beneficial ownership of the shares and giving you the right to vote
your shares.
Solicitation of Proxies
The cost of preparing, assembling, printing and mailing this proxy statement and the accompanying form of proxy, and the cost of soliciting
proxies relating to the Annual Meeting, will be borne by the Company. Some banks and brokers have customers who beneficially own common stock listed of record in the names of nominees. We intend to
request banks and brokers to solicit such customers and will reimburse them for their reasonable out-of-pocket expenses for such solicitations. If any additional solicitation of the holders of our
outstanding shares of common stock is deemed necessary, we (through our directors and officers) anticipate making such solicitation directly. The solicitation of proxies by mail may be supplemented by
telephone, telegram and personal solicitation by officers, directors and other employees of the Company, but no additional compensation will be paid to such individuals. We have retained Morrow to
assist us in soliciting proxies. If you have questions about how to vote or direct a vote in respect of your shares, you may contact Morrow at (800) 662-5200 or banks and brokers can call
collect at (203) 658-9400, or by email at BLVD.info@morrowsodali.com. The Company has agreed to pay Morrow a fee of $4,000 and reasonable expenses, for its services in connection with the
solicitation of proxies.
No Right of Appraisal
Neither Delaware law nor our amended and restated certificate of incorporation provide for appraisal or other similar rights for dissenting
stockholders in connection with any of the proposals to be voted upon at the Annual Meeting. Accordingly, our stockholders will have no right to dissent and obtain payment for their shares.
Other Business
We are not currently aware of any business to be acted upon at the Annual Meeting other than the matters discussed in this proxy statement. The
form of proxy accompanying this proxy statement confers discretionary authority upon the named proxy holders with respect to amendments or variations to the matters identified in the accompanying
Notice of Annual Meeting and with respect to any other matters which may properly come before the Annual Meeting. If other matters do properly come before the Annual Meeting, or at any adjournment(s)
or postponement(s) of the Annual Meeting, we expect that shares of our common stock, represented by properly submitted proxies will be voted by the proxy holders in accordance with the recommendations
of our Board.
Principal Offices
Our principal executive offices are located at Boulevard Acquisition Corp. II, 399 Park Avenue, 6
th
Floor, New York, New
York 10022. Our telephone number at such address is (212) 878-3500.
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DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Directors and Officers
The directors and executive officers of the Company are as follows:
|
|
|
|
|
|
Name
|
|
Age
|
|
Position
|
Marc Lasry
|
|
|
57
|
|
Chairman of the Board
|
Stephen S. Trevor
|
|
|
53
|
|
President, CEO, Secretary and Director
|
Thomas Larkin
|
|
|
53
|
|
CFO
|
Randy Takian
|
|
|
42
|
|
Vice President of Acquisitions
|
Robert J. Campbell
|
|
|
68
|
|
Independent Director
|
Joel Citron
|
|
|
55
|
|
Independent Director
|
Darren Thompson
|
|
|
54
|
|
Independent Director
|
Marc Lasry
has served as the Chairman of our Board since September 21, 2015. Mr. Lasry is the chairman, chief executive
officer and co-founder of Avenue Capital Group ("Avenue"), an affiliate of the Company. Mr. Lasry also served as Chairman of the board of directors of Boulevard I from February 2014 until the
completion of the AgroFresh acquisition on July 31, 2015. Mr. Lasry currently serves on the board of directors of AgroFresh. Mr. Lasry re-joined the board of directors of
AgroFresh in February 2016, after having previously served as the Chairman of AgroFresh's board of directors from February 2014 until July 31, 2015. Distressed investing has been the focus of
his professional career for over 30 years. Prior to founding Avenue, Mr. Lasry co-founded Amroc Investments, LLC, or Amroc, and prior to that, managed capital for Amroc
Investments, L.P., a distressed debt investment firm organized in association with the Robert M. Bass Group and a predecessor to Amroc. Prior to that, Mr. Lasry served as Co-Director of
the Bankruptcy and Corporate Reorganization Department at Cowen & Company and as Director of the Private Debt Department at Smith Vasiliou Management. Mr. Lasry clerked for the Honorable
Edward Ryan, former Chief Bankruptcy Judge of the Southern
District of New York. Throughout his career, Mr. Lasry has served on the board of advisors/directors or as a member of both for-profit and not-for-profit public and private companies not
affiliated with Avenue, including the Mount Sinai School of Medicine, 92nd Street Y, the Council on Foreign Relations, the Clinton Global Initiative and the Global Endowment Management.
Mr. Lasry holds a Bachelor of Arts degree in History from Clark University and a Juris Doctor from New York Law School.
Mr. Lasry
is qualified to serve on our Board because of his private investment experience, his board experience with public and private companies and his prior experience with
Boulevard I.
Stephen S. Trevor
has served as our President, CEO and Secretary and a director since our inception in July 2015. Since February 2012,
Mr. Trevor has served as a portfolio manager at Avenue focused on private debt, private equity and distressed for control investments. From March 2016 to October 2016, Mr. Trevor served
as interim co-chief executive officer of AgroFresh. Mr. Trevor also served as Boulevard I's President, chief executive officer, Secretary and a director from its inception in October 2013 until
the completion of the AgroFresh acquisition on July 31, 2015, and Mr. Trevor continues to serve as a director of AgroFresh. From February 2011 to January 2012, Mr. Trevor served
as Senior Advisor to United States Senator Kirsten Gillibrand. From 2007 to 2010, Mr. Trevor held various leadership roles at Morgan Stanley, including co-head of Merchant Banking and Private
Equity, global co-head of Investment Management and was a member of Morgan Stanley's management and risk committees. During his time at Morgan Stanley, Mr. Trevor oversaw capital raises for
Morgan Stanley Capital Partners V, Morgan Stanley Credit Partners, Morgan Stanley Infrastructure Partners and Morgan Stanley Private Equity Asia Fund 3. He also sat on the investment committees of
funds totaling $25 billion of assets under management and with more than 600 employees. Prior to Morgan Stanley, Mr. Trevor was a partner and managing director in the Principal
Investment Area in Goldman
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Sachs.
During his fifteen year tenure, Mr. Trevor, who was based in New York, London and Hong Kong, headed multiple Goldman Sachs initiatives, including leading Goldman Sachs Capital Partners'
investing activities in Germany and served on the Principal Investment Area's Investment and Operating committees. Mr. Trevor has served on the board of directors of various companies,
including Berry Plastics Corporation, Capmark Financial Group, Cobalt International Energy, L.P., Cognis, Deutsche Kabel, Messer Griesheim Holding and Wincor Nixdorf. Mr. Trevor holds a
Bachelor of Arts degree in Political Science and Psychology from Columbia College, a Master of Business Administration degree from Harvard Business School and was a member of the United States Olympic
Fencing teams in 1984 and 1988.
Mr. Trevor
is qualified to serve on our Board because of his private investment and investment banking experience, his board experience with public and private companies and his
prior experience with Boulevard I.
Thomas Larkin
has served as our CFO since our inception in July 2015. Since April 2011, Mr. Larkin has served as the chief
financial officer of Avenue and various entities controlled by Avenue. He is responsible for Avenue's accounting, operations, and tax functions. Mr. Larkin also served as Boulevard I's chief
financial officer from November 2013 until the completion of the AgroFresh acquisition on July 31, 2015. Prior to joining Avenue in 2011, Mr. Larkin was the chief operating officer of
Ellington Management Group, where he was responsible for the firm's accounting, operational and financial activities. Prior to joining Ellington in 2004, Mr. Larkin served as chief financial
officer of Resurgence Asset Management, an investment management firm specializing in securities of financially distressed companies. At Resurgence, Mr. Larkin was responsible for all
accounting and financial operations. Prior to joining Resurgence in 1997, he was the controller of Concord International Investments Group, a multinational investment management firm.
Mr. Larkin started his career at Ernst & Young, where he provided auditing and consulting services to companies in a variety of industries, including hedge funds, mutual funds, and oil
and gas concerns. Mr. Larkin holds a Bachelor of Science degree in Accounting from Boston College.
Randy Takian
has served as our Vice President of Acquisitions since our inception in July 2015. Since November 2010, Mr. Takian has
served as Avenue's Head of Public Fund Strategy. Prior to joining Avenue in 2010, he held various roles at Morgan Stanley's Asset Management ("MSIM") from January 2007 to September 2010, most recently
as Managing Director and Head of Americas Distribution, Product and Marketing as well as the Corporate Development team. Prior roles at MSIM included heading strategy and product development and the
$10 billion AUM Senior Loan business for the Alternatives Group. He joined Morgan Stanley from Bank of America, where Mr. Takian led the strategy and mergers and acquisitions team for
the Global Wealth & Investment Management businesses. He is on the Board of Directors and is the Principal Executive Officer for Avenue Income Credit Strategies Fund ("ACP"), a non-diversified,
closed-end management investment company registered under the Investment Company Act with publicly traded shares, and Avenue Mutual Funds Trust ("AMFT"), a non-diversified, open-end management
investment company registered under the Investment Company Act. He is also a past board member of Kabu, a public company in Japan. He is Vice Chairman of the Board of Lenox Hill Neighborhood House,
the largest social services organization on the Upper East Side of Manhattan. Mr. Takian graduated from Brown University with dual degrees in Economics and International Relations.
Robert J. Campbell
has served on our Board as an independent director since September 2015. Since November 2011, Mr. Campbell has
served as the chairman of the board of directors of Enstar Group Limited, an insurance run-off company, and has served as its independent director since November 2007. Since January 1991,
Mr. Campbell has served as a partner at Beck, Mack & Oliver LLC, a private investment advisory firm. Mr. Campbell has also served on Boulevard I's (now known as AgroFresh)
board of directors since February 2014 and is chairman of its audit committee. Mr. Campbell holds a Bachelor of Arts in Economics from Williams College.
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Mr. Campbell
is qualified to serve on our Board because of his private investment advisory experience and his board experience with private and public companies, including his
service as a member of the board of Boulevard I.
Joel Citron
has served on our Board as an independent director since September 2015. Since June 2009, Mr. Citron has served as the
chief investment officer and managing member of TAH Management/TAH Capital Partners, a private investment management firm, and since October 2008, as the co-chief executive officer of Tenth Avenue
Holdings, a related holding company. Mr. Citron also served on Boulevard I's board of directors from February 2014 until the completion of the AgroFresh acquisition on July 31, 2015.
From January 2006 through December 2008, Mr. Citron served as managing partner of Jove Partners, a hedge fund and private equity firm, and from January 2002 through September 2008, as the chief
executive officer of Jovian Holdings, a privately held investment and operating company. Mr. Citron also serves as the chairman of the board of trustees of ACP and AMFT since December 2010 and
May 2012, respectively. From September 2011 to May 2015, Mr. Citron served as the chairman of Oasmia, AB, a Swedish publicly traded biotechnology company. Since June 2010, Mr. Citron has
served as chairman of Tenth Avenue Commerce, a privately held e-commerce company, and since January 2015 as a director of Evolution Gaming Group AB, a publicly-traded provider of live casino systems
in Europe (serving as chairman until October 2016). Mr. Citron has served as a director of Attivio, Inc., a privately held software company, since December 2009, and Hello
Products LLC, a privately held consumer package goods company, since March 2013. Mr. Citron's community involvement includes serving as a board member of the Birthright Israel
Foundation, a board member of Starfall Education Foundation and a member of the board of counselors of the Shoah Foundation at the University of Southern California. Mr. Citron holds a Bachelor
of Science in Business Administration and a Master of Arts in Economics from the University of Southern California.
Mr. Citron
is qualified to serve on our Board because of his private investment advisory experience and his board experience with public and private companies, including his
service as a member of the board of Boulevard I.
Darren Thompson
has served on our Board as an independent director since September 2015. Since June 2016, Mr. Thompson has served
as President and Chief Financial Officer of Spruce Finance Inc., a provider of consumer financing for residential solar and home efficiency improvements in the U.S. Since June 2011,
Mr. Thompson has also served as a senior advisor at RailField Realty Partners, LLC, a private investment and advisory firm. Mr. Thompson is also an independent consultant, and has
acted in this capacity since September 2010, after serving as a special advisor at the American Express Company from January 2010 through August 2010, and as chief financial officer of Revolution
Money, Inc., a payment network, or Revolution Money, prior to its acquisition by the American Express Company in January 2010. From February 2015 through April 2016, Mr. Thompson also
served as chief financial officer of B2R Finance L.P., a financial technology company providing financing solutions to the rental home marketplace. Mr. Thompson also served on Boulevard
I's board of directors from February 2014 until the completion of the AgroFresh acquisition on July 31, 2015. Mr. Thompson has also previously served as an officer at Fannie Mae and
managing director of Goldman Sachs. Mr. Thompson also serves as a trustee of ACP and AMFT since December 2010 and May 2012, respectively. Mr. Thompson holds an Atrium Baccalaureus in
Biochemistry from Harvard University and a Master of Business Administration degree from Harvard Business School.
Mr. Thompson
is qualified to serve on our Board because of his private investment advisory experience, his business experience as a former chief financial officer of Revolution
Money and his board experience with public and private companies, including his service as a member of the board of Boulevard I.
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Corporate Governance
Number and Terms of Office of Officers and Directors
We have five directors. Our Board is divided into three classes with only one class of directors being elected in each year and each class
(except for those directors appointed prior to our first annual meeting of stockholders) serving a three-year term. The term of office of the first class of directors, consisting of Mr. Citron,
will expire at this annual meeting of stockholders. The term of office of the second class of directors, consisting of Messrs. Campbell and Thompson, will expire at the second annual meeting of
stockholders. The term of office of the third class of directors, consisting of Messrs. Lasry and Trevor, will expire at the third annual meeting of stockholders.
Our
officers are appointed by the Board and serve at the discretion of the Board, rather than for specific terms of office. Our Board is authorized to appoint persons to the offices set
forth in our bylaws as it deems appropriate. Our bylaws provide that our officers may consist of a Chairman of the Board, CEO, President, CFO, Vice Presidents, Secretary, Treasurer and such other
offices as may be determined by the Board.
Director Independence
NASDAQ listing standards require that a majority of our Board be independent. An "independent director" is defined generally as a person other
than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company's board of directors, would interfere with the
director's exercise of independent judgment in carrying out the responsibilities of a director. Our Board has determined that Robert J. Campbell, Joel Citron, and Darren Thompson are "independent
directors" as defined in the NASDAQ listing standards and applicable SEC rules. Our independent directors have regularly scheduled meetings at which only independent directors are present.
Committee Membership, Meetings and Attendance
We currently have the following standing committees: the Audit Committee and the Compensation Committee. Subject to phase-in rules and a limited
exception, the rules of NASDAQ and Rule 10A-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") require that the audit committee and compensation committee of a listed
company be comprised solely of independent directors. Each of the standing committees of the Board is comprised entirely of independent directors.
During
the fiscal year ended December 31, 2016:
-
-
the Board held eight meetings and otherwise acted by unanimous written consent in lieu of a meeting;
-
-
four meetings of the Audit Committee were held; and
-
-
no meetings of the Compensation Committee were held.
Each
of our incumbent directors attended or participated in at least 75% of the meetings of the Board and the respective committees of which he is a member held during the period such
incumbent director was a director during fiscal year ended December 31, 2016.
This
Annual Meeting will be the first annual meeting of stockholders of the Company.
We have a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Exchange Act, and
Nasdaq Listing Rules. In addition, our Board adopted a written charter for the Audit Committee. A copy of the Audit Committee Charter is available, free of
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charge,
from the Company by writing to the Company's Secretary, 399 Park Avenue, 6
th
Floor, New York, New York 10022.
We
have an Audit Committee comprised of Robert J. Campbell, Joel Citron and Darren Thompson, each of whom is an independent director. Under the NASDAQ listing standards and applicable
SEC rules, we are required to have three members of the Audit Committee, all of whom must be independent. Darren Thompson serves as the Chairman of the Audit Committee. Each member of the Audit
Committee is financially literate, and our Board has determined that Darren Thompson qualifies as an "audit committee financial expert" as defined in applicable SEC rules because he meets the
requirement for past employment experience in finance or accounting, requisite professional certification in accounting or comparable experience.
We
have adopted an Audit Committee Charter, the responsibilities of our Audit Committee include:
-
-
Meeting with our independent accountants regarding, among other issues, audits, and adequacy of our accounting and control systems;
-
-
Monitoring the independence of the independent auditor;
-
-
Verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner
responsible for reviewing the audit as required by law;
-
-
Appointing or replacing the independent auditor;
-
-
Pre-approving all audit services and permitted non-audit services to be performed by our independent auditor, including the fees and terms of
the services to be performed;
-
-
Establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting
controls or auditing matters and the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters;
-
-
Monitoring compliance, on a regularly scheduled basis, with the terms of our initial public offering and, if any noncompliance is identified,
promptly taking all action necessary to rectify such noncompliance or otherwise causing us to come into compliance with the terms of our initial public offering;
-
-
Inquiring and discussing with management our compliance with applicable laws and regulations;
-
-
Determining the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and
the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work; and
-
-
Reviewing and approving, on a quarterly basis, all payments made to our existing holders, Sponsor, executive officers or directors and their
respective affiliates.
A
copy of the Audit Committee Charter is available, free of charge, as an exhibit to our registration statement, as filed on the SEC's web site www.sec.gov, or from the Company by
writing to the Company's Secretary, 399 Park Avenue, 6
th
Floor, New York, New York 10022. A copy of our Audit Committee Charter was filed as an exhibit to our amended
Form S-1 filed with the SEC on September 17, 2015. A link to our past filings with the SEC can be found on our website at the following address: www.boulevardacq.com/inv_relations.aspx.
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The members of our Compensation Committee are Messrs. Campbell, Citron and Thompson, each of whom is an independent director. We have
adopted a Compensation Committee Charter, which details the principal functions of the Compensation Committee, including:
-
-
Determining, in executive session, the compensation for our CEO or President, if such person is acting as our CEO;
-
-
Reviewing and determining the compensation of our executive officers other than the CEO based upon the recommendation of the CEO and such other
customary factors that the committee deems necessary or appropriate;
-
-
Approving the overall amount or percentage of plan and/or bonus awards to be granted to all of our employees and delegating to our executive
management the right and power to specifically grant such awards to each employee within the aggregate limits and parameters set by the committee;
-
-
Reviewing and evaluating the performance of our CEO and other executive officers;
-
-
Reviewing and approving the design of other benefit plans pertaining to our executives and employees;
-
-
Approving such reports on compensation as are necessary for filing with the SEC and other government bodies;
-
-
Assisting management in complying with our proxy statement and annual report disclosure requirements;
-
-
Approving the overall amount or percentage of plan and/or bonus awards to be granted to all of our employees and delegating to our executive
management the right and power to specifically grant such awards to each employee within the aggregate limits and parameters set by the committee;
-
-
Reviewing, recommending to our Board, and administering all plans that require "disinterested administration" under Rule 16b-3 under the
Exchange Act;
-
-
Approving the amendment or modification of any compensation or benefit plan pertaining to our executives or employees that does not require
stockholder approval;
-
-
Reviewing and recommending to our Board the adoption of or changes to the compensation of our independent directors;
-
-
Retaining, in its sole discretion (at our expense), outside consultants and obtaining assistance from members of management as the committee
deems appropriate in the exercise of its authority;
-
-
Making reports and recommendations to our Board within the scope of its functions and advising our officers regarding various personnel matters
as may be raised with the committee;
-
-
Approving all special perquisites, special cash payments and other special compensation and benefit arrangements for our executive officers and
employees;
-
-
Reviewing the form, terms and provisions of employment and similar agreements with our executive officers and any amendments thereto; and
-
-
To the extent the same has been adopted, reviewing, at least annually, our compensation philosophy.
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None
of our executive officers or directors has received any cash (or non-cash) compensation for services rendered to us. Pursuant to an administrative services agreement, dated
September 21, 2015, we have agreed to pay Avenue Capital Management II, L.P., an affiliate of our Sponsor a total of $10,000 per month for office space, utilities, secretarial support
and general and administrative services. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. Other than the described fee, no compensation
of any kind, including finder's and consulting fees, will be paid to our Sponsor, executive officers and directors, or any of their respective affiliates, for services rendered prior to or in
connection with the completion of our initial business combination. However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf
such as identifying potential target businesses and performing due diligence on suitable business combinations. Our Audit Committee will review on a quarterly basis all payments that were made to our
Sponsor, officers or directors, or our or their affiliates.
The
Compensation Committee Charter also provides that the Compensation Committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or
other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation
consultant, external legal
counsel or any other adviser, the Compensation Committee will consider the independence of each such adviser, including the factors required by NASDAQ and the SEC.
Additionally,
a copy of the Compensation Committee Charter is available, free of charge, as an exhibit to our registration statement, as filed on the SEC's web site www.sec.gov, or from
the Company by writing to the Company's Secretary, 399 Park Avenue, 6
th
Floor, New York, New York 10022. A copy of our Compensation Committee Charter was filed as an exhibit to
our amended Form S-1 filed with the SEC on September 17, 2015. A link to our past filings with the SEC can be found on our website at the following address:
www.boulevardacq.com/inv_relations.aspx.
We do not have a standing nominating committee. In accordance with Rule 5605(e)(2) of the NASDAQ rules, a majority of the independent
directors may recommend a director nominee for selection by the Board. The Board believes that the independent directors can satisfactorily carry out the responsibility of properly selecting or
approving director nominees without the formation of a standing nominating committee. The directors who shall participate in the consideration and recommendation of director nominees are
Messrs. Campbell, Citron and Thompson. In accordance with Rule 5605(e)(1)(A) of the NASDAQ rules, all such directors are independent. As there is no standing nominating committee, we do
not have a nominating committee charter in place.
The
Board will also consider director candidates recommended for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at the next
annual meeting of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to nominate a director for election to the Board should follow the procedures set
forth in our bylaws.
We
have not formally established any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating
nominees for director, the Board considers educational background, diversity of professional experience, knowledge of our business, integrity, professional reputation, independence, wisdom, and the
ability to represent the best interests of our stockholders.
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CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
On July 28, 2015, we issued an aggregate of 10,062,500 founder shares to our Sponsor for an aggregate purchase price of $25,000 in cash,
or approximately $0.002 per share. The number of founder shares issued was determined based on the expectation that such founder shares would represent 20% of the outstanding shares upon completion of
our initial public offering. On September 3, 2015, our Sponsor transferred 33,542 founder shares to each of our independent director nominees at their original purchase price. In addition, our
Sponsor transferred 251,563 founder shares to an unaffiliated purchaser. On October 9, 2015, the Sponsor, our independent directors and the unaffiliated entity forfeited 812,500 founder shares
in connection with the purchase by the underwriters of an additional 2,000,000 units pursuant to the partial exercise of their over-allotment option, thereby reducing the total founder shares held by
our Sponsor, our independent directors and the unaffiliated entity to 9,250,000.
Simultaneously
with the closing of the offering, our Sponsor and the unaffiliated purchaser purchased an aggregate of 9,350,000 private placement warrants, each exercisable to purchase
one share of our Class A common stock at $11.50 per share, at price of $1.00 per warrant. On October 9, 2015, our Sponsor and the unaffiliated purchaser purchased an additional 400,000
private placement warrants in a private placement that occurred simultaneously with the purchase of additional units by the underwriters pursuant to the partial exercise of their over-allotment
option. As such, our Sponsor's interest in this transaction, including the interest of the unaffiliated purchaser, is valued at $9,750,000. Each sponsor warrant is exercisable for one share of our
Class A common stock. We determined the purchase price for the private placement warrants by analyzing warrant trading prices of several comparable blank check companies that have not yet
announced a business combination, all of which were substantially lower than $1.00 per warrant. We decided to sell the private placement warrants for $1.00 per warrant in order to cause fewer warrants
to be issued than if the private placement warrants were issued for less than $1.00 per warrant, thereby resulting in less potential dilution. Each private placement warrant entitles the holder to
purchase one share of our Class A common stock at $11.50 per share. The private placement warrants (including the common stock issuable upon exercise of the private placement warrants) may not,
subject to certain limited exceptions, be transferred, assigned or sold by it until 30 days after the completion of our initial business combination.
As
of September 21, 2015, we have agreed to pay Avenue Capital Management II, L.P., an affiliate of our Sponsor a total of $10,000 per month for office space, utilities,
secretarial support and general and administrative services. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.
Other
than as described above, no compensation of any kind, including finder's and consulting fees, will be paid to our Sponsor, executive officers and directors, or any of their
respective affiliates, for services rendered prior to or in connection with the completion of an initial business combination. However, these individuals will be reimbursed for any out-of-pocket
expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our Audit Committee will
review on a quarterly basis all payments that were made to our Sponsor, officers, directors or our or their affiliates.
Prior
to the closing of the initial public offering, our Sponsor agreed to loan us up to $200,000 to be used for a portion of the expenses of our initial public offering. This loan was
non-interest bearing, unsecured and due at the earlier of December 31, 2015 or the closing of the initial public offering. We repaid the full amount of $196,931 during the fiscal year and there
was no outstanding loan balance as of December 31, 2015.
In
addition, in order to finance transaction costs in connection with an intended initial business combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and
directors may, but are not obligated to, loan us funds as may be required. If we complete an initial business
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Table of Contents
combination,
we would repay such loaned amounts. In the event that the initial business combination does not close, we may use a portion of the working capital held outside the trust account to repay
such loaned amounts but no proceeds from our trust account would be used for such repayment. Up to $1,000,000 of such loans may be convertible into warrants of the post business combination entity at
a price of $1.00 per warrant at the option of the lender. The warrants would be identical to the private placement warrants. The terms of such loans by our officers and directors, if any, have not
been determined and no written agreements exist with respect to such loans.
After
our initial business combination, members of our management team who remain with us may be paid consulting, management or other fees from the combined company with any and all
amounts being fully disclosed to our stockholders, to the extent then known, in the tender offer or proxy solicitation materials, as applicable, furnished to our stockholders. It is unlikely the
amount of such compensation will be known at the time of distribution of such tender offer materials or at the time of a stockholder meeting held to consider our initial business combination, as
applicable, as it will be up to the directors of the post-combination business to determine executive and director compensation.
We
entered into a registration rights agreement on September 21, 2015 with respect to the founder shares and private placement warrants, which is described in the section entitled
"Security Ownership
of Certain Beneficial Owners and ManagementRegistration Rights," above, and under Item 12 of our Annual Report on Form 10-K for the year ended December 31,
2016"Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersRegistration Rights."
Our
Audit Committee Charter details the policies and procedures relating to transactions that may present actual, potential or perceived conflicts of interest and may raise questions as
to whether such transactions are consistent with the best interest of our company and our stockholders. In addition, our Audit Committee is responsible for reviewing and approving related party
transactions to the extent that we enter into such transactions. An affirmative vote of a majority of the members of the Audit Committee present at a meeting at which a quorum is present will be
required in order to approve a related party transaction. A majority of the members of the entire Audit Committee will constitute a quorum. Without a meeting, the unanimous written consent of all of
the members of the Audit Committee will be required to approve a related party transaction. We also require each of our directors and executive officers to complete a directors' and officers'
questionnaire that elicits information about related party transactions.
These
procedures are intended to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the part of a director,
employee or officer.
To
further minimize conflicts of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our Sponsor, officers or
directors unless we, or a committee of independent directors, have obtained an opinion from an independent investment banking firm which is a member of FINRA that our initial business combination is
fair to our company from a financial point of view. Furthermore, no finder's fees, reimbursements or cash payments will be made to our Sponsor, officers or directors, or our or their affiliates, for
services rendered to us prior to or in connection with the completion of our initial business combination, other than the following payments, none of which will be made from the proceeds of this
offering held in the trust account prior to the completion of our initial business combination:
-
-
Repayment of up to an aggregate of $200,000 in loans made to us by our Sponsor to cover offering- related and organizational expenses;
-
-
Payment to an affiliate of our Sponsor of $10,000 per month for office space, utilities, secretarial support and administrative services;
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-
-
Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination; and
-
-
Repayment of loans which may be made by our Sponsor or an affiliate of our Sponsor or certain of our officers and directors to finance
transaction costs in connection with an intended initial business combination, the terms of which have not been determined nor have any written agreements been executed with respect thereto.
Our
Audit Committee will review on a quarterly basis all payments that were made to our Sponsor, officers or directors, or our or their affiliates.
Any
potential related party transaction that is brought to the Audit Committee's attention will be analyzed by the Audit Committee, in consultation with outside counsel or members of
management, as appropriate, to determine whether the transaction or relationship does, in fact, constitute a related party transaction. At its meetings, the Audit Committee will be provided with the
details of each new, existing or proposed related party transaction, including the terms of the transaction, the business purpose of the transaction and the benefits to us and to the relevant related
party.
In
determining whether to approve a related party transaction, the Audit Committee must consider, among other factors, the following factors to the extent
relevant:
-
-
whether the terms of the transaction are fair to us and on the same basis as would apply if the transaction did not involve a related party;
-
-
whether there are business reasons for us to enter into the transaction;
-
-
whether the transaction would impair the independence of an outside director;
-
-
whether the transaction would present an improper conflict of interest for any director or executive officer taking into account the size of
the transaction, the overall financial position of the director, executive officer or related party, the direct or indirect nature of the director's, executive officer's or related party's interest in
the transaction and the ongoing nature of any proposed relationship, and any other factors the Audit Committee deems relevant; and
-
-
any pre-existing contractual obligations.
Upon
completion of its review of the transaction, the Audit Committee may determine to permit or to prohibit the transaction.
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PRINCIPAL ACCOUNTANT FEES AND SERVICES
|
|
|
|
|
|
|
For the
Fiscal Year Ended
December 31, 2016
|
|
Audit Fees(1)
|
|
$
|
55,000
|
|
Audit-Related Fees(2)
|
|
|
|
|
Tax Fees(3)
|
|
$
|
3,400
|
|
All Other Fees(4)
|
|
|
|
|
Total fees:
|
|
$
|
58,400
|
|
-
(1)
-
Audit Fees
. Audit fees consist of fees billed for professional services rendered for the audit of our
year-end financial statements and services that are normally provided by EisnerAmper in connection with regulatory filings.
-
(2)
-
Audit-Related Fees
. Audit-related services consist of fees billed for assurance and related services
that are reasonably related to performance of the audit or review of our financial statements and are not reported under "Audit Fees." These services include attest services that are not required by
statute or regulation and consultations concerning financial accounting and reporting standards.
-
(3)
-
Tax Fees
. Tax fees may consist of fees billed for professional services relating to tax compliance, tax
planning and tax advice. We received tax-related services amounted to $3,400 during the fiscal year ended December 31, 2016. We did not receive tax-related services for the period from
July 16, 2015 (inception) to December 31, 2015.
-
(4)
-
All Other Fees
. All other fees consist of fees billed for all other services. We did not receive
products and services provided by EisnerAmper, other than those discussed above, for the fiscal year ended December 31, 2016 or the period from July 16, 2015 (inception) to
December 31, 2015.
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