Wed, Apr 30, 8:33 PM (18 days ago)
**LM Funding America, Inc. (LMFA) 10-K/A Summary** **Company Overview:** LM Funding America, Inc. (LMFA) is a Delaware corporation with its principal executive offices in Tampa, FL. The company is listed on the Nasdaq Stock Market under the ticker symbol LMFA. LMFA is a smaller reporting company and is not a well-known seasoned issuer. **Amendment Details:** This 10-K/A amends the Annual Report on Form 10-K for the year ended December 31, 2024, to provide information previously indicated to be incorporated by reference from the Proxy Statement for the 2025 annual report. It also includes currently dated certifications by the Company’s principal executive officer and principal financial officer. **Financial Performance:** The amendment does not include financial statements or restate any previously issued financial statements. Therefore, no changes in revenue, net income, operating expenses, or earnings per share are reported in this amendment. **Strategic Overview and Future Outlook:** The amendment does not provide updates on the company's strategic initiatives or future outlook. It is intended to amend and restate specific items in the original filing and does not reflect events occurring after the date of the original filing. **Risk Factors:** The amendment does not discuss new risk factors or changes to previously disclosed risk factors. Investors should refer to the original 10-K filing for a comprehensive discussion of risk factors. **Financial Condition:** The financial condition of the company is not addressed in this amendment. For the most recent financial condition, refer to the original 10-K filing. **Market Position Changes:** No changes in market position are reported in this amendment. The amendment focuses on updating specific items in the original filing and does not provide new information on the company's market position. **Directors and Executive Officers:** The amendment provides detailed information about the company's directors and executive officers, including their background, experience, and compensation. Key executives include Bruce M. Rodgers (Chairman, CEO, and President), Richard Russell (CFO), and Ryan Duran (Vice-President of Operations and President of US Digital Mining and Hosting Co). **Corporate Governance:** LMFA has a Board of Directors composed of three classes, with each class having staggered three-year terms. The Board has established an Audit Committee, a Compensation Committee, and a Nominating and Governance Committee. The company has adopted a code of ethics and insider trading policies. **Executive Compensation:** The amendment includes a summary compensation table for named executive officers, detailing their salary, bonus, stock awards, option awards, and other compensation for the years ended December 31, 2024, and 2023. **Security Ownership:** The amendment provides information on the beneficial ownership of the company's common stock by directors, executive officers, and principal shareholders as of April 28, 2025. **Related Party Transactions:** The amendment discloses related party transactions, including services provided by BLG Association Law, PLLC, and the compensation paid for these services. **Audit Fees:** The amendment reports audit fees paid to MaloneBailey, LLP, the company's principal accountants, for the years ended December 31, 2024, and 2023. **Exhibits:** The amendment includes an exhibit index listing the exhibits filed as part of, or incorporated by reference into, this amendment. Key exhibits include the company's certificate of incorporation, bylaws, employment agreements, and various legal agreements. **Conclusion:** This 10-K/A amendment is primarily focused on updating specific items in the original 10-K filing and does not provide new financial information or changes in the company's strategic direction. Investors should refer to the original 10-K filing for a comprehensive overview of the company's financial performance and strategic outlook.