UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

☑	Filed by the Registrant

☐	Filed by a Party other than the Registrant

Check the appropriate box:

☐	Preliminary Proxy Statement

☐	Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☑	Definitive Proxy Statement

☐	Definitive Additional Materials

☐	Soliciting Material Pursuant to Section 240.14a-12

CREDITRISKMONITOR.COM, INC.

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☑	No fee required

☐	Fee paid previously with preliminary materials

☐	Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

CREDITRISKMONITOR.COM, INC.

Address Not Applicable¹

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD ON SEPTEMBER 18, 2025

To the Stockholders of CreditRiskMonitor.com, Inc.:

NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of CreditRiskMonitor.com, Inc., a Nevada corporation (the “Company”), will be held on September 18, 2025 at 520 White Plains Road, Suite 500, Tarrytown, New York 10591, at 9:00 a.m., for the following purposes:

1.	To elect four directors for the coming year;

2.	To hold an advisory, non-binding vote on the compensation of our named executive officers;

3.	To ratify the selection of CohnReznick LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025; and

4.	To hold an advisory, non-binding vote to determine the frequency of future advisory votes on the compensation of our named executive officers;

5.	To transact such other business as may properly come before the meeting.

Only stockholders of record at the close of business on August 12, 2025 are entitled to notice of and to vote at the meeting or at any adjournment thereof.

Important notice regarding the availability of Proxy Materials: The proxy statement and the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 are available electronically at www.proxyvote.com.


			Michael I. Flum
			Chief Executive Officer and President
August 21, 2025


	WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING, PLEASE SUBMIT YOUR PROXY OR VOTING INSTRUCTIONS AS SOON AS POSSIBLE. FOR SPECIFIC INSTRUCTIONS ON HOW TO VOTE YOUR SHARES, PLEASE REFER TO THE INSTRUCTIONS ON THE ENCLOSED PROXY CARD. ANY STOCKHOLDER MAY REVOKE A SUBMITTED PROXY AT ANY TIME BEFORE THE MEETING BY WRITTEN NOTICE TO SUCH EFFECT, BY SUBMITTING A SUBSEQUENTLY DATED PROXY OR BY ATTENDING THE MEETING AND VOTING IN PERSON. THOSE VOTING BY INTERNET OR BY TELEPHONE MAY ALSO REVOKE THEIR PROXY BY VOTING IN PERSON AT THE MEETING OR BY VOTING AND SUBMITTING THEIR PROXY AT A LATER TIME BY INTERNET OR BY TELEPHONE.

We are a remote-only company. Accordingly, we do not maintain a headquarters. For purposes of compliance with applicable requirements of the Securities Act of 1933 and Securities Exchange Act of 1934, each as amended, any stockholder communication required to be sent to our principal executive offices may be directed to the agent for service of process at InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233, or to the email address: ir@creditriskmonitor.com.

CREDITRISKMONITOR.COM, INC.

Address Not Applicable¹

PROXY STATEMENT

SOLICITING, VOTING AND REVOCABILITY OF PROXY

This proxy statement is being made available to all stockholders of record at the close of business on August 12, 2025, in connection with the solicitation by the Board of Directors of the Company (the “Board”) of proxies to be voted at the Annual Meeting of Stockholders to be held on September 18, 2025 at 9:00 a.m., local time, or any adjournment thereof, at 520 White Plains Road, Suite 500, Tarrytown, NY 10591. Proxy materials for the Annual Meeting of Stockholders were made available to stockholders on or about August 21, 2025.

All shares represented by proxies duly executed and received will be voted on the matters presented at the meeting in accordance with the instructions specified in such proxies. If you are a beneficial owner of shares held in street name and you do not provide specific voting instructions to the organization that holds your shares, the organization will be prohibited from voting your shares on “non-routine” matters. This is commonly referred to as a “broker non-vote”. The election of directors is considered a “non-routine” matter and therefore may not be voted on by your bank or broker absent specific instructions from you. Please instruct your bank or broker so your vote can be counted.

The ratification of the appointment of CohnReznick LLP as the Company’s independent registered public accounting firm for 2025 (Proposal Number 3) is considered a routine matter under applicable rules. A broker or other nominee may generally vote on routine matters, and therefore broker non-votes will not be applicable to Proposal Number 3.

The Board does not know of any other matters that may be brought before the meeting nor does it foresee or have reason to believe that the proxy holder will have to vote for substitute or alternate nominees to the Board. In the event that any other appropriate matter should timely come before the meeting or any nominee is not available for election, the person named in the enclosed proxy will have discretionary authority to vote all proxies not marked to the contrary with respect to such matters in accordance with the Company’s recommendations.

The total number of common shares outstanding and entitled to vote as of the close of business on August 12, 2025 was 10,767,501. The common shares are the only class of securities entitled to vote on matters presented to the stockholders, each share being entitled to one vote. A majority of the common shares outstanding and entitled to vote as of the close of business on August 12, 2025 or 5,383,751 common shares, must be present at the meeting in person or by proxy in order to constitute a quorum for the transaction of business. Abstentions and broker non-votes will be included in the calculation of the number of shares considered to be present at the meeting.

With regard to Proposal Number 1, the election of directors, votes may be cast in favor or withheld. Each director shall be elected by a plurality of the votes cast in favor. Accordingly, since there is a nominee for each of the four directorships, each nominee who receives one or more votes will be elected as a director. Abstentions and broker non-votes will have no effect on the outcome of this Proposal.

With regard to Proposal Number 2, Advisory Vote on Executive Compensation, votes may be cast in favor, against or you may abstain. The affirmative vote of a majority of shares present in person or by proxy and entitled to vote is necessary for approval of executive compensation. However, this advisory vote is not binding on the Company, the Board, or management. Abstentions will not be voted, although they will be counted as present and entitled to vote for purposes of the Proposal. Accordingly, an abstention will have the effect of a vote against this Proposal. Broker non-votes will have no effect on the outcome of this Proposal.

With regard to Proposal Number 3, the ratification of CohnReznick LLP as the Company’s independent registered public accounting firm, votes may be cast in favor, against or you may abstain. The affirmative vote of a

majority of shares present in person or by proxy and entitled to vote is necessary for ratification of the Company’s independent registered public accountants. Abstentions will not be voted, although they will be counted as present and entitled to vote for purposes of the Proposal. Accordingly, an abstention will have the effect of a vote against this Proposal. A broker who does not receive instructions as to how to vote your shares may vote at its discretion in connection with this Proposal.

With regard to Proposal Number 4, we will consider our stockholders to have expressed a non-binding preference for the frequency option for future advisory votes on executive compensation receiving the highest number of “FOR” votes. You may vote “FOR” “ONE YEAR”, “TWO YEARS” or “THREE YEARS” for this item of business. However, this advisory vote is not binding on the Company or the Board. Abstentions will not be voted, although they will be counted as present and entitled to vote for purposes of the Proposal. Accordingly, an abstention will have the effect of a vote against this Proposal. Broker non-votes will have no effect on the outcome of this Proposal.

Any person giving a proxy in the form accompanying this proxy statement has the power to revoke it at any time before its exercise. The proxy may be revoked by filing with us written notice of revocation or a fully executed proxy bearing a later date. The proxy may also be revoked by affirmatively electing to vote in person while in attendance at the meeting. However, a stockholder who attends the meeting need not revoke a proxy given and vote in person unless the stockholder wishes to do so. Written revocations or amended proxies should be sent to us at InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233, Attention: Corporate Secretary. Those voting by Internet or by telephone may also revoke their proxy by voting in person at the meeting or by voting and submitting their proxy at a later time by Internet or by telephone.

The Company’s stockholders do not have appraisal rights with respect to the matters to be voted upon at the annual meeting.

The proxy is being solicited by the Board. We will bear the cost of the solicitation of proxies, including the charges and expenses of brokerage firms and other custodians, nominees and fiduciaries for forwarding proxy materials to beneficial owners of the Company’s shares. Solicitations will be made primarily by mail, but certain of the directors, officers or employees may solicit proxies in person or by telephone, telecopier or email without special compensation.

A list of stockholders entitled to vote at the meeting will be available for examination by any stockholder for any purpose germane to the meeting, during ordinary business hours, for ten (10) days prior to the meeting, at the offices of the Company’s Corporate Secretary at Keating Muething & Klekamp PLL, One East Fourth Street Suite 1400, Cincinnati, OH 45202, and also during the whole time of the meeting for inspection by any stockholder who is present. To contact us, stockholders should call Jennifer Gerold at (845) 230-3035 to set up an appointment for examination.

EXECUTIVE COMPENSATION

SUMMARY COMPENSATION TABLE

The following table sets forth all cash compensation paid or to be paid by the Company in the last two fiscal years, as indicated to the Company’s executive officers at the end of each fiscal year.


SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary	Bonus⁽¹⁾	Option Awards⁽²⁾	All Other Compensation	Total
Jerome S. Flum, Executive Chairman	2024	$150,000	—	—	—	$150,000
Jerome S. Flum, Executive Chairman	2023	$150,000	—	—	—	$150,000
Michael I. Flum, Chief Executive Officer and President	2024	$211,200	$ 40,000	$ 22,513	—	$273,713
Michael I. Flum, Chief Executive Officer and President	2023	$201,000	$ 38,000	$ 13,129	—	$252,129
Steven Gargano,⁽³⁾ Chief Financial Officer	2024	$79,996	—	—	—	$79,996
Steven Gargano,⁽³⁾ Chief Financial Officer	2023	$196,000	$ 38,500	$2,179	—	$236,679
Jennifer Gerold,⁽³⁾ Chief Financial Officer	2024	$176,790	$40,000	$1,097	—	$217,887
Jennifer Gerold,⁽³⁾ Chief Financial Officer	2023	—	—	—	—	—
David Reiner,⁽⁴⁾ Chief Accounting Officer	2024	$172,984	$37,000	$772	—	$210,756
David Reiner,⁽⁴⁾ Chief Accounting Officer	2023	—	—	—	—	—

(1)	The amounts in this column reflect bonuses awarded for the fiscal year shown but paid in the subsequent fiscal year.

(2)

Represents the compensation costs of stock option awards for financial reporting purposes for the year under ASC 718, rather than an amount paid to or realized by the Named Executive Officer. For a more detailed discussion of the assumptions used in estimating fair value, see Note 6 (Common Stock and Stock Options) of the Notes to Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2024 that accompanies this proxy statement.

(3)	On May 23, 2024, Jennifer Gerold was appointed Chief Financial Officer, replacing Steven Gargano who had served as the Company’s Chief Financial Officer since April 2020. Mr. Gargano is no longer with the Company.

(4)	On May 23, 2024, David Reiner was appointed Chief Accounting Officer, who had served as the Company’s Vice President, Corporate Controller since 2020.

OUTSTANDING EQUITY AWARDS

The following table sets forth all stock options granted to the Company’s executive officers in the last fiscal year.

GRANTS OF PLAN-BASED AWARDS

Equity Grants

Name

Grant Date

All Other Stock

Awards:

Number of

Shares of Stock

or Units (#)

All Other

Option Awards:

Number of

Securities

Underlying

Options (#)

Exercise or Base

Price of Option

Awards ($/Share)

Grant Date Fair

Value of Stock

and Option

Awards ($)

Jerome S. Flum

N/A

Michael I. Flum

3/13/2024

N/A

5,000

$2.42

$6,590

Jennifer Gerold⁽¹⁾

3/13/2024

N/A

10,000

$2.20

$13,619

David Reiner

3/13/2024

N/A

2,000

$2.20

$2,724

(1)	On May 23, 2024, Jennifer Gerold was appointed Chief Financial Officer, replacing Steven Gargano who had served as the Company’s Chief Financial Officer since April 2020. Mr. Gargano is no longer with the Company and held no stock options as of December 31, 2024.

The following table reflects outstanding equity grants to the Company’s executive officers as of December 31, 2024.


OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
Name	Number of Securities Underlying Unexercised Options (#) Exercisable	Number of Securities Underlying Unexercised Options (#) Un-exercisable	Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)	Option Exercise Price ($)	Option Expiration Date
Jerome S. Flum	-0-	-0-	-0-	-0-	N/A
Michael I. Flum	30,000	20,000	-0-	$1.45	10-24-29
	7,500	17,500	-0-	$2.19	10-29-29
	-0-	30,000	-0-	$1.85	01-28-32
	-0-	5,000	-0-	$2.70	01-25-33
	-0-	50,000	-0-	$3.08	05-01-33
	-0-	5,000	-0-	$2.42	03-13-32
Jennifer Gerold⁽¹⁾	-0-	10,000	-0-	$2.20	03-13-32
David Reiner	5,000	-0-	-0-	$2.90	01-05-26
	1,000	-0-	-0-	$3.00	10-26-26
	600	400	-0-	$1.45	10-24-29
	150	350	-0-	$2.19	10-29-29
	-0-	2,000	-0-	$1.85	01-28-32
	-0-	1,500	-0-	$2.70	01-25-33
	-0-	2,000	-0-	$2.20	03-13-32

(1)	On May 23, 2024, Jennifer Gerold was appointed Chief Financial Officer, replacing Steven Gargano who had served as the Company’s Chief Financial Officer since April 2020. Mr. Gargano is no longer with the Company, and held no stock options as of December 31, 2024.

The closing market price of the Company’s common stock on December 31, 2024 was $3.03 per share.

While the Compensation Committee has the discretion under applicable plan documents to determine the vesting terms of stock option awards, the plan documents also establish default vesting provisions. Specifically, awards in the table granted prior to the adoption of the 2020 Plan were issued pursuant to the Company’s 2009 Long-Term Incentive Plan (“2009 Plan”) which provides that stock options become exercisable in 20% increments beginning fourth year anniversary. Awards in the table granted after the adoption of the 2020 Plan were issued pursuant to the Company’s 2020 Long-Term Incentive Plan (“2020 Plan”), the award agreements for which provide that vesting begins in five annual 20% increments on the second anniversary of grant. In the event of a change in control (as defined in the applicable plan document or award agreement, as the case may be), the options will vest in full at the time of such change in control.

DIRECTOR COMPENSATION

Effective July 12, 2023, non-employee directors receive $2,000 per quarter or a total of $8,000 per calendar year.

The following table sets forth all cash compensation paid by the Company in the last two fiscal years to the non-employee directors. Director terms of service are generally from June 30 to July 1, which have historically aligned to the Annual Shareholder Meeting.


DIRECTOR COMPENSATION
Name	Year	Fees Earned or Paid in Cash⁽¹⁾	Option Awards⁽²⁾	Total
Brigitte Muehlmann	2024	$5,000	$840	$5,840
Brigitte Muehlmann	2023	$8,000	$367	$8,367
Lisa Reisman	2024	$4,000	$840	$4,840
Lisa Reisman	2023	$8,000	$367	$8,367
Joshua M. Flum	2024	$4,000	$9,902	$13,902
Joshua M. Flum	2023	$8,000	$7,259	$15,259
Andrew J. Melnick⁽³⁾	2024	—	—	—
Andrew J. Melnick⁽³⁾	2023	$4,000	—	$4,000
Richard Lippe⁽³⁾	2024	—	—	—
Richard Lippe⁽³⁾	2023	$4,000	—	$4,000

(1)	For the period June 30, 2023 to July 1, 2024, earned fees were paid upfront in cash for the annual period. Effective July 1, 2024, fees earned are paid in cash for each quarter. Effective October 1, 2024, Brigitte Muehlmann will receive $3,000 per quarter as our audit committee financial expert.

(2)

Represents the compensation costs for financial reporting purposes for the year under ASC 718. For a more detailed discussion of the assumptions used in estimating fair value, see Note 6 (Common Stock and Stock Options) of the Notes to Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2024 that accompanies this proxy statement.

(3)

Fees earned in 2023 by former non-employee directors Andrew J. Melnick and Richard Lippe were $4,000. On May 17, 2023, each of Andrew J. Melnick and Richard Lippe had informed the Board that he does not intend to stand for re-election. Accordingly, cash fees paid represent the first two quarters in calendar year 2023.

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between compensation actually paid to our Principal Executive Officer (the “PEO”) and the other named executive officers (the “Non-PEO named executive officers”) and certain financial performance metrics of the Company using a methodology that has been prescribed by the Securities and Exchange Commission (“SEC”).


PAY VERSUS PERFORMANCE
Year(s) (a)	Summary Compensation Table Total for PEO (b)	Compensation Actually paid to PEO (c)	Average Summary Compensation Table Total for Non-PEO Named Executive Officers (d)	Average Compensation Actually Paid to Non-PEO Named Executive Officers (e)	Value of Initial Fixed $100 Investment Based On: Total Shareholder Return (f)	Net Income (g)
2024⁽¹⁾	$211,200	$251,200	$192,881	$192,258	$130	$1,674,902
2023	$201,000	$239,000	$193,340	$192,250	$97	$1,695,053
2022	$150,000	$150,000	$226,165	$222,497	$142	$1,360,238

(1)	On May 23, 2024, Jennifer Gerold was appointed Chief Financial Officer, replacing Steven Gargano who had served as the Company’s Chief Financial Officer since April 2020. Mr. Gargano is no longer with the Company, and therefore excluded from 2024.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth as of January 31, 2025 information regarding the beneficial ownership of the Company’s voting securities (i) by each person or group known by the Company to be the owner of record or beneficially of more than five percent of the Company’s voting securities, (ii) by each of the Company’s directors and executive officers, and (iii) by all directors and executive officers of the Company as a group. Except as indicated in the following notes, the owners have sole voting and investment power with respect to the shares. Unless otherwise noted, each owner’s mailing address is c/o CreditRiskMonitor.com, Inc., at InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233.


Name of Beneficial Owner	Amount and Nature of Beneficial Ownership	Percent of Class
5% or Greater Stockholders
Santa Monica Partners, L.P. SMP Asset Management, LLC Lawrence J. Goldstein⁽¹⁾	720,904	6.7%
Caldwell Sutter Capital, Inc. Jospeh F. Helmer⁽²⁾	543,740	5.1%
Flum Partners⁽³⁾	5,410,437	50.5%
Named Executive Officers
Jerome S. Flum	6,008,047⁽⁴⁾⁽⁵⁾	56.0%
Michael I. Flum⁽⁶⁾	6,500	—*
Jennifer Gerold	—	—
David Reiner⁽⁶⁾	—	—
Non-Employee Directors
Joshua M. Flum	6,500	—*
All directors and executive officers (as a group (7 persons))	6,021,047⁽⁴⁾⁽⁵⁾	56.2%

*	less than 1%

(1)

Based on the information contained in a Schedule 13G/A filed January 26, 2023. The general partner of Santa Monica Partners, L.P. is SMP Asset Management, LLC. Lawrence J. Goldstein is an individual investor, the sole managing member and the sole owner of SMP Asset Management, LLC, and may be deemed to beneficially own these shares. Includes 698,644 shares owned by Santa Monica Partners, L.P. and 22,260 shares owned by Lawrence J. Goldstein.

(2)

Based on the information contained in a Schedule 13G/A filed June 28, 2024. Joseph F. Helmer is the President of Caldwell Sutter Capital, Inc, and may be deemed to possess investment power and beneficially own these shares. Includes 529,340 shares owned by Caldwell Sutter Capital, Inc. and 14,400 shares owned by Joseph F. Helmer.

(3)	The general partners of Flum Partners are Jerome S. Flum, Executive Chairman of the Board; Michael I. Flum, Chief Executive Officer and President of the Company; and Barbara Schwartz, spouse of Jerome S. Flum. The controlling general partner is Jerome S. Flum.

(4)

Includes 5,410,437 shares owned by Flum Partners, of which Jerome S. Flum is the controlling general partner, which are also deemed to be beneficially owned by Jerome S. Flum because of his power, as controlling general partner of Flum Partners, to direct the voting of such shares held by the partnership. Jerome S. Flum disclaims beneficial ownership of the shares owned by Flum Partners. The 6,008,047 shares of common stock, or 56.0% of the outstanding shares of common stock, may also be deemed to be owned, beneficially and collectively, by Flum Partners and Jerome S. Flum, as a “group”, within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934.

(5)

Includes 7,800 shares of common stock owned by a grandchild of Jerome S. Flum, the beneficial ownership of which is disclaimed by Jerome S. Flum. Also, includes 260,000 shares of common stock owned by Family Trusts established by Jerome S. Flum, the beneficial ownership of which is disclaimed by Jerome S. Flum.

(6)	Michael I. Flum has 37,500 stock options and David Reiner has 6,750 stock options that are exercisable. Each stock option holding, together with the amount in the above table, is less than 1% of class.

The Company’s current equity compensation plan approved by stockholders is the 2020 Plan. The 2020 Plan provides for the grant of options and other awards up to an aggregate of 1,000,000 shares of common stock. The Company’s previous equity compensation plan approved by stockholders was the 2009 Plan. The 2009 Plan provided for the grant of options and other awards up to an aggregate of 1,000,000 shares of common stock. This plan expired at the end of 2019.

The following table summarizes information about the Company’s common stock that may be issued upon the exercise of options, warrants and rights under all equity compensation plans of the Company as of December 31, 2024.


Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights	Weighted average exercise price of outstanding options, warrants and rights	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in first column)
Equity compensation plans approved by stockholders	716,050	$2.14	532,350
Total	716,050	$2.14	532,350

In response to Item 402(x)(1) of Regulation S-K, the Company does not grant new awards of stock options, stock appreciation rights or similar option-like instruments in anticipation of material nonpublic information. Accordingly, the Company has no specific policy or practice on the timing of awards of such options in relation to the disclosure of material nonpublic information by the Company.

The Company maintains an insider trading policy that governs the purchase, sale and/or other transactions of our securities by our directors, officers and employees. A copy of the insider trading policy is filed as Exhibit 19 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. In addition, with regard to the Company trading its own securities, it is the Company’s policy to comply with the federal securities laws and the applicable exchange listing requirements.

QUALIFIED SMALL BUSINESS STOCK

It came to our attention that the Company‘s common stock may meet the criteria of Internal Revenue Code Sec. 1202 qualified small business (“QSB”) stock. Sec. 1202 was added to the tax code in 1993, and originally provided that the gain from the sale of QSB stock acquired on or after August 10, 1993 was eligible for a 50% exclusion. The 50% exclusion was increased to 75% for stock acquired from February 18, 2009 to September 27, 2010, and then increased to 100% for stock acquired on or after September 28, 2010. QSB stock must be original issue shares and not shares acquired in the open market. If you acquired your shares in CreditRiskMonitor.com, Inc. directly from the Company via either a private placement or the exercise of stock options, then predicated upon when the stock was originally acquired, either 50%, 75% or 100% of your gain on the sale of these shares is excluded from income if you held the stock for at least five years prior to sale. You should consult your own tax advisor to confirm if your shares could meet the Sec. 1202 exclusion rule.

On July 4, 2025, the QSB stock program was expanded under the passage of the One Big Beautiful Bill Act (“OBBBA”). The expansion of the QSB stock rules under OBBBA resulted in three key changes: (i) shortening the required holding period to begin to be eligible for tax benefits from the disposition of QSB stock from five years to three years, with a phased-in exclusion amount if the holding period is between three and five years; (ii) increasing the size of corporations eligible to issue QSB stock to investors from $50 million of gross asset value to $75 million of gross asset value, with a new inflation adjustment to increase that amount each year; and (iii) increasing the flat cap on maximum amount of capital gain excludable from the QSB stock of a single issuer from $10 million to $15 million, with inflation adjustment.

The Company does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

PROPOSAL 1: ELECTION OF DIRECTORS

Four directors are to be elected at the meeting to serve until the next annual meeting of stockholders and until their respective successors shall have been elected and have been qualified. The directors shall be elected by a plurality of the votes cast in favor. Accordingly, based upon there being four nominees, each person who receives one or more votes will be elected as a director.

Nominees for Directors

Three of the nominees, Jerome S. Flum, Joshua M. Flum, and Lisa Reisman, are currently members of the Board. On April 25, 2025, Brigitte Muehlmann, PhD and CPA, informed the Company that she did not intend to stand for re-election to its Board. Dr. Muehlmann does not have any disagreements with the Company requiring reporting under this Item 5.02. The Company wishes to thank Dr. Muehlmann for her service on the Board.

The Board is nominating Lawrence Fensterstock as Director to the Board, effective as of the annual meeting.

The Board recommends a vote FOR all nominees.

The following table sets forth certain information regarding those individuals currently serving as the directors, as of August 12, 2025:


Name	Age	Principal Occupation/ Position Held with Company	Officer or Director Since
Jerome S. Flum	84	Executive Chairman	1983
Joshua M. Flum	55	Director	2007
Lisa Reisman	56	Director	2023
Brigitte Muehlmann	62	Director	2023

The following pages contain biographical and other information about the nominees.

Jerome S. Flum was appointed President and Chief Executive Officer of the Company and Chairman of the Board in June 1985. In May 2023, he transitioned from Chief Executive Officer to Executive Chairman. Since 1968 he has been in the investment business as an Institutional Security Analyst, Research and Sales Partner at an investment firm and then as a General Partner of a private investment pool. Before entering the investment business, Mr. Flum practiced law, helped manage a U.S. congressional campaign and served as a Legal and Legislative Aide to a U.S. Congressman. He has been a guest lecturer at the Massachusetts Institute of Technology/Sloan School of Management Lab for Financial Engineering. Mr. Flum received a BS in business administration from Babson College and a JD from Georgetown University Law School. Mr. Flum served as a Lance corporal in the U.S. Marine Corps Reserve. We believe that Mr. Flum’s extensive experience, including his service as Chairman of the Board since June 1985, gives him the qualifications and skills to serve as one of the directors.

Joshua M. Flum has been a Director since September 2007. He is currently a Managing Partner at LRVHealth, an early-stage healthcare venture capital platform. Prior to this role, Mr. Flum spent nearly two decades at CVS Health holding senior leadership roles in strategy, operations, and technology where he led a broad set of transformational activities, ranging from the integration of CVS Health and Aetna to the founding of CVS Health Ventures. He departed CVS Health in 2022 as Executive Vice President, Chief Strategy & Business Development Officer. Mr. Flum earned his bachelor’s degree from Tufts University and is a graduate of the Yale Law School. He spent the first years of his professional career clerking for the Honorable Edward R. Becker, Chief Judge of the U.S. Court of Appeals for the Third Circuit, and then at the law firm of Miller, Cassidy, Larroca and Lewin, LLP. He then joined the Boston Consulting Group where his work focused on the consumer and retail practice area. We believe that Mr. Flum’s experience in the areas of business consultation and legal, and his service on the Board since September 2007, give him the qualifications and skills to serve as one of the directors.

Lisa Reisman has been a Director since July 2023. She is currently co-founder and Chief Executive Officer of MetalMiner since 2007. With a background in physical metal trading, management consulting, and executive leadership, Ms. Reisman has a proven entrepreneurial track record. Through her Companies’ Insights platform, they offer a SaaS solution across the full range of industrial metals, including global data points. Detailed should-cost models and forecasts provide buying organizations with price data on the industrial metals that companies actually buy and not just the ingot prices which trade on public exchanges. Before founding MetalMiner, she was Managing Director and Chief Executive Officer of Azul Partners in Chicago, and worked as a Senior Manager for both Deloitte

Consulting and Arthur Andersen Consulting. Ms. Reisman holds an MPA in management and public policy from New York University and a BA in journalism and political science from the University of Wisconsin-Madison. We believe Ms. Reisman’s executive leadership skills and business experience qualify her to serve on the Board.

Lawrence Fensterstock joined CreditRiskMonitor.com, Inc. in January 1999 and held the titles of Chief Financial Officer and Senior Vice President upon hiring through March 2020 and June 2020, respectively. During his tenure, Mr. Fensterstock was instrumental in implementing the financial and operational frameworks that positioned the Company for sustained growth. Mr. Fensterstock was intimately involved in the Company’s January 1999 acquisition of the assets of the CreditRisk Monitor credit information service from Market Guide Inc. Previously, he joined Market Guide Inc. in September 1996 to assist in the formation of its credit information services division. From 1993 to 1996, Mr. Fensterstock was with Information Clearinghouse Incorporated (“ICI”) and was closely involved in the formation of its credit reporting service. In addition to being responsible for the publication of the various facets of this credit reporting service, he was Chief Operating and Financial Officer of ICI. From 1989 through 1992, Mr. Fensterstock served as Vice President-Controller, Treasurer and Corporate Secretary, spending over two years acting as the de facto Chief Financial Officer for a private entity formed to acquire Litton Industries’ office products operations in a leveraged buyout. Mr. Fensterstock was Vice President of Security Capital Corporation from 1984 to 1989, where he managed the internal audit and quality control functions for this financial services holding company whose operating entities included a Texas-based S&L, a mortgage banking company, a commercial real estate lending operation, an insurance company, as well as a commercial real estate operation that owned and managed properties throughout the U.S. Mr. Fensterstock is a certified public accountant who began his career in 1973 with Arthur Andersen LLP. He spent more than 10 years servicing both public and private clients in the financial services and real estate industries. He earned a BA in economics from Queens College and an MBA from The University of Chicago Business School. We believe that Mr. Fensterstock’s extensive leadership experience in finance and accounting, including his 21 years of leadership service with the Company from 1999 to 2020, gives him the qualifications and skills to serve as one of the directors.

Term of Office

Each director will hold office until the next annual meeting of stockholders and until his or her successor is elected and duly qualified or until his or her earlier resignation or removal. Each executive officer will hold office until the initial meeting of the Board following the next annual meeting of stockholders and until his or her successor is elected and qualified or until his or her earlier resignation or removal.

Family Relationships

Joshua M. Flum is the son of Jerome S. Flum.

Executive Officers


Name	Age	Principal Occupation/ Position Held with Company	Officer or Director Since
Jerome S. Flum	84	Executive Chairman	1983
Michael I. Flum	38	Chief Executive Officer/President	2007
Jennifer Gerold	52	Chief Financial Officer	2024
Shyarsh Desai	59	Chief Operating Officer	2025
David Reiner	55	Chief Accounting Officer	2024

Michael I. Flum joined the Company in June 2018 as Vice President of Operations & Alternative Data. He was elected Senior Vice President and Chief Operating Officer in October 2019 and subsequently President and Chief Operating Officer in October 2020. In May 2023, he was appointed Chief Executive Officer and President. He is responsible for operational strategy and implementation, leveraging technology to improve the efficiency of human capital and work processes. Prior to joining the Company, Mr. Flum served as Vice President of Operations at Gullett & Associates, Inc., a Houston-based midstream oil & gas survey and drafting services firm from 2016 to 2017. Mr. Flum held various engineering and project management roles at Enterprise Products Partners, a Houston-based oil & gas pipeline owner/operator from 2009 to 2016. Over his time in the energy sector, Mr. Flum successfully completed pipeline and plant projects totaling over $1.3 billion dollars. He was also able to install processes that

streamline service offerings and unify customer experience across teams. Mr. Flum holds an MBA from Columbia Business School as well as a BS in Mechanical Engineering and a BA in Religious Studies from Rice University. Mr. Flum is the son of Jerome S. Flum.

Jennifer Gerold, CPA, joined the Company as Chief Monetization Officer in February 2024. She was elected to Chief Financial Officer in May 2024. Ms. Gerold is accomplished leader in corporate finance with nearly 30 years of strategic leadership experience advising organizations on navigating the complexities of M&A and Capital Market transactions. Prior to joining the Company, Ms. Gerold was a Managing Director in Strategy and Transactions at Ernst & Young U.S. LLP. Before that, Ms. Gerold held various investment banking and asset management roles at such firms as Credit Suisse Securities (USA) LLC; Merrill Lynch & Co., Inc.; and Bear, Stearns & Co. Inc. She started her career as an auditor specializing in entrepreneurial firms. Ms. Gerold holds an MBA from the University of Chicago Booth School of Business and a BS in Accounting and Finance/Investments from Babson College. She maintains a Certified Public Accountant (CPA) license, Chartered Global Management Accountant (CGMA) designation, and a Chartered Alternative Investment Analyst (CAIA) designation.

Shyarsh Desai joined the Company in February 2025 and was appointed Chief Operating Officer in March 2025. Mr. Desai is an accomplished leader in risk and financial technology businesses focused on creating sustainable yet profitable growth and strong financial returns to investors. Prior to joining the Company, Mr. Desai was CEO at Carixa, a SaaS platform focused on serving the invoice-to-cash automation and receivables management needs of mid-to-large enterprises. From 2012 to 2019, he was CEO of Credit2B, an AI-innovator in B2B credit decision automation, until its sale to Billtrust, where he served as Group President. Between 2007 and 2012, he held management positions at enterprise risk and compliance leaders Global Compliance (now Navex) and Dun & Bradstreet, focused on strategy, growth and business development. In his early career, Mr. Desai worked at IBM leading key solutions for the financial services vertical and later in Corporate Development within the CFO organization. Mr. Desai began his career working in corporate finance and investment management roles at the Tata Group. He holds an MBA from Kellogg School of Management at Northwestern University as well as a BS in Life Sciences and an MS in Management Studies of Finance from the University of Mumbai (formally known as the University of Bombay). He is currently and has been a Director on different non-profit Boards in the education and training space.

David Reiner joined the Company as Controller in May 2013 and was promoted to Vice President, Corporate Controller in 2020. He was elected to Chief Accounting Officer in May 2024. In his roles, Mr. Reiner was responsible for all day-to-day accounting functions, Year End Financial and Sarbanes-Oxley Audits in addition to Human Resources and Facilities Management for the Company. He has more than 25 years of progressively increasing experience in Accounting, Finance, Information Technology and Facilities Management. Before joining the Company, Mr. Reiner spent his career in Small, Medium and Startup companies building and managing accounting departments throughout various industries covering Research & Development, Service, Medical Device and Food Franchises. Mr. Reiner holds an MBA in Accounting from Pace University and a BS in Business Administration and Finance from Bryant University.

Significant Employees

Michael Clark is the Chief Technology Officer and is responsible for all aspects of technology. Previously, he had been Senior Vice President of Information Technology, and prior he was Vice President of Software Development. Mr. Clark joined the Company in 2002. Mr. Clark brings over 30 years of software design and development experience. Prior to joining the Company, from 1997 to 2001, Mr. Clark was Director of Software Development for The Technology Group, creating early web-based smart-document and legal expert systems. From 1988 to 1996, he helped develop the award-winning word processing system Nota Bene, enabling multilingual document editing in Windows and MS-DOS systems. Mr. Clark has a BA in Computational Mathematics from the University of Buffalo.

Peter Roma is the Chief Revenue Officer. He is responsible for both new sales growth and the servicing of our current subscriber base. He joined the Company in 2004 as an Account Executive. Mr. Roma has over 35 years of sales experience. He started with Metropolitan Insurance Company but spent most of his career in financial services working for Shearson Lehman Bros., Inc. and then Merrill, Lynch, Pierce, Fenner & Smith where he was a Vice President-Private Client.

Michael Broos is the Senior Vice President of Information Technology and has been with the Company since 2001. He has more than 40 years of experience leading technology teams in the development and implementation of

software applications for the Internet, Windows, DOS, and mainframes. Before joining the Company, Mr. Broos was Senior Vice President of Technology for About.com; Chief Technology Officer of Fan2Fan.com; Chief Technology Officer of AKA.com; Vice President of Internet Solutions for Inventure.com; and Vice President of Software Development for Dun & Bradstreet for eight years. Prior to joining Dun & Bradstreet in 1990, Mr. Broos was an independent consultant and entrepreneur for 10 years, during which time he co-founded several software companies, including Infocom (the creators of Zork). Mr. Broos began his career with a ten-year stint on the academic computer research staff of the MIT Laboratory of Computer Science, where he developed interactive, graphical and email-based applications for the ARPANET (the precursor of today’s Internet).

Kirk Ellis is the Senior Vice President of Quality Assurance and has led the department since 2008. Mr. Ellis leads a team of more than 30 data and financial analysts who ensure the data quality and integrity of our information and scores, including benchmarking the ongoing accuracy of our proprietary FRISK® score. He joined the Company in 2005 as a research analyst and has held a series of progressively responsible data leadership roles. Mr. Ellis has more than 20 years of experience in information services, focused on financial data collection, quality and research. Before coming to CreditRiskMonitor.com, he managed data and analytics teams at Citigate Financial Intelligence and at Thomson Financial Research. Mr. Ellis holds a BA in Economics from the State University of New York at Purchase.

Camilo Gomez, PhD, retired from the Company on December 31, 2024. Going forward, Dr. Gomez will serve as an advisor and independent consultant for the Company. During his recent tenure, he was a Senior Vice President of Data Science, having returned to CreditRiskMonitor.com in November 2020. Dr. Gomez initially joined the Company in October 2009 and served through June 2019 as Senior Vice President of Quantitative Research. Between June 2019 and November 2020, Dr. Gomez held the role of Chief Analytics Officer for Beyond Finance, Inc. Prior to 2009, Dr. Gomez was a principal at Lone Pine Mesa LLC, where he consulted with companies in the area of specialty finance since 2005. Prior to that, he was a Managing Director at Standard & Poor’s Risk Solutions group since 2001. Before S&P, Dr. Gomez was co-founder and Group Head for Financial Analytics for the Center for Adaptive Systems & Applications. Dr. Gomez earned a BS in 1980 and a PhD in 1985 from the Massachusetts Institute of Technology.

Committees

The Audit Committee

The Audit Committee assists the Board in fulfilling its responsibility to the shareholders, potential shareholders and investment community relating to corporate accounting, reporting practices of the Company and the quality and integrity of the Company’s financial reporting. To fulfill its purposes, the Committee’s duties include to:

•	Appoint, evaluate, compensate, oversee the work of, and if appropriate terminate, the independent auditor, who shall report directly to the Committee.

•	Approve in advance all audit engagement fees and terms of engagement as well as all audit and non-audit services to be provided by the independent auditor.

•	Engage independent counsel and other advisors, as it deems necessary to carry out its duties.

In performing these functions, the Audit Committee meets periodically with the independent auditors and management to review their work and confirm that they are properly discharging their respective responsibilities. The Board has adopted a written charter for the Audit Committee, a copy of which can be found on the Company’s website, https://www.creditriskmonitor.com/about/shareholder-information, under “Audit Committee Charter.”

The Audit Committee currently consists of Brigitte Muehlmann, Lisa Reisman, and Joshua M. Flum. Both Brigitte Muehlmann and Lisa Reisman are independent, and Brigitte Muehlmann is an audit committee financial expert, as such terms are defined by the SEC. The nominee for director, Lawrence Fensterstock, who is independent will serve on the audit committee. Lawrence Fensterstock is an audit committee financial expert.

Nominating Committee

Due to the Company’s small size and scope of operations, it does not have a separately designated and standing nomination committee at this time, and therefore the entire Board is responsible for screening and reviewing potential director candidates, nominating and recommending such candidates for election by the stockholders, and reviewing the qualifications and attributes of nominees.

Compensation Committee

The Compensation Committee of the Board is responsible for advising the Board with respect to the compensation of the Company’s executives, including the determination of the compensation for the Chief Executive Officer and the other executive officers, the approval of one or more stock option plans and other compensation plans covering the Company’s employees, and the grant of stock options and other awards pursuant to stock option plans and other compensation plans. The members of the Compensation Committee currently are Brigitte Muehlmann, Lisa Reisman, and Joshua M. Flum. The nominee for director, Lawrence Fensterstock, will serve on the compensation committee.

The Compensation Committee may form and delegate authority to subcommittees and may delegate authority to one or more designated members of the Compensation Committee. The Chief Executive Officer assists the Compensation Committee from time to time by advising on a variety of compensation matters, such as assisting the Compensation Committee in determining appropriate salaries and bonuses for the executive officers. The Compensation Committee has the authority to consult with management and to engage the services of outside advisors, experts and others to assist it in its efforts.

Board Leadership Structure and Role in Risk Oversight

The Board as a whole is responsible for the Company’s risk oversight. The executive officers address and discuss with the Board the Company’s risks and the manner in which the Company manages or mitigates such risks. While the Board has the ultimate responsibility for the Company’s risk oversight, the Board works in conjunction with its committees on certain aspects of its risk oversight responsibilities. In particular, the Audit Committee focuses on financial reporting risks and related controls and procedures.

Since 1985, Jerome S. Flum has served as the Chairman of the Board and is the Company’s former Chief Executive Officer. Michael I. Flum succeeded him as Chief Executive Officer in 2023. Jerome S. Flum serves as the Company’s Executive Chairman and stands for re-election to the Board as Executive Chairman. We do not currently have a lead independent director. Given the Company’s history, position, Board composition and the relatively small size of the Company and management team, at this time, the Board believes that the Company and the shareholders are best served by the current leadership structure.

Report of the Audit Committee

In overseeing the preparation of the financial statements of CreditRiskMonitor.com, Inc. as of December 31, 2024 and for each proceeding year beginning in 2018, the Audit Committee met with management to review and discuss all financial statements prior to their issuance and to discuss significant accounting issues. Management advised the Committee that all financial statements were prepared in accordance with generally accepted accounting principles, and the Audit Committee discussed the statements with management. The Audit Committee also discussed with CohnReznick LLP, the Company’s outside auditors (“CohnReznick”), the matters required to be discussed by Statement on Auditing Standards No. 61, as amended (AICPA, Professional Standards, Vol. 1 AU section 380), as adopted by the Public Company Accounting Oversight Board in Rule 3200T.

The Audit Committee received the written disclosures and the letter from CohnReznick required by applicable requirements of the Public Company Accounting Oversight Board regarding CohnReznick’s communications with the Committee concerning independence and the Committee discussed CohnReznick’s independence with CohnReznick.

On the basis of these reviews and discussions, the Committee recommended to the Board that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, for filing with the Securities and Exchange Commission.

Audit Committee:

Brigitte Muehlmann, Lisa Reisman, and Joshua M. Flum

Hedging and Pledging Policies

We do not maintain a policy on insider trading that prohibits the Company’s directors, officers and employees from engaging in any hedging or monetization transactions.

Meetings

The Board held five (5) meetings during the fiscal year ended December 31, 2024.

The Audit Committee of the Board held four (4) meetings during the fiscal year ended December 31, 2024, prior to the filing of the Company’s Annual Report on Form 10-K.

During 2024, all of the directors attended at least 75% of the meetings of the Board and of the committees on which they served.

The Company does not have a formal policy regarding director attendance at the annual meeting of stockholders. However, all directors are encouraged to attend.

Communications with the Board

Any security holder who wishes to communicate with the Board or a particular director should send the correspondence to the Board, CreditRiskMonitor.com, Inc., to InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233, Attention: Corporate Secretary. Any such communication so addressed will be forwarded by the Corporate Secretary to the members or a particular member of the Board.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Company’s directors and executive officers, and persons who own more than 10% of a registered class of the Company’s equity securities, to file with the SEC initial reports of ownership and reports of changes in ownership of common stock and other equity securities of the Company. Such persons are required by SEC regulation to furnish the Company with copies of all Section 16(a) reports they file.

To the Company’s knowledge, based solely on its review of the copies of such reports received by it with respect to fiscal 2024, or written representations from certain reporting persons, the Company believes that all filing requirements applicable to its directors, executive officers and persons who own more than 10% of a registered class of the Company’s equity securities have been timely complied with.

Director Independence

The Board is currently comprised of Jerome S. Flum, Brigitte Muehlmann, Lisa Reisman, and Joshua M. Flum, all of whom, except Messrs. Jerome S. Flum and Joshua M. Flum, are “independent directors,” as defined by the SEC. The nominee for director, Lawrence Fensterstock, is independent.

Code of Ethics

The Board has adopted a Code of Ethics for the Company’s Principal Executive Officer and Senior Financial Officers. This Code applies to the Company’s Chief Executive Officer, President and Chief Financial Officer (who also is the Company’s principal accounting officer).

The Board unanimously recommends a vote “FOR” all nominees.

PROPOSAL 2 — ADVISORY VOTE ON EXECUTIVE COMPENSATION

The Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Dodd-Frank Act, requires us to hold an advisory vote on the compensation of our executive officers, as disclosed in this proxy statement in accordance with the rules of the SEC. As described elsewhere in this proxy statement, we try to design our executive officer compensation programs to attract, motivate and retain the key executives who will drive the creation of stockholder value.

Please read the “Executive Compensation” section of this proxy statement, beginning on page 3. That section of the proxy statement, which includes our executive officer compensation tables and related narrative discussion, provides details on our compensation programs and policies for our executive officers. We believe that the Company’s compensation policies and procedures do not create undue risk nor are they excessive in an amount or nature.

We are requesting stockholder approval of the compensation of our executive officers as disclosed in this proxy statement. This proposal, commonly known as a “say-on-pay” proposal, gives our stockholders the opportunity to express their views on our executive officers’ compensation. The vote is not intended to address any specific item of compensation, but rather the overall compensation of our executive officers and the philosophy, policies and practices described in this proxy statement.

We are asking our stockholders to indicate their support for our named executive officer compensation through the following resolution:

“RESOLVED, that the stockholders approve the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation tables and narrative discussion in the Company’s proxy statement for its 2025 annual meeting.”

As provided in the Securities Exchange Act, the vote is not binding on the Board and may not be construed as overruling a decision by the Board, nor creating or implying any additional fiduciary duty by the Board, nor be construed to restrict or limit the ability of stockholders to make proposals for inclusion in proxy materials related to executive compensation.

The Board unanimously recommends a vote “FOR” approval of the compensation of executive officers as described in the tabular disclosure regarding named executive officer compensation in this proxy statement.

PROPOSAL 3 — RATIFICATION OF THE APPOINTMENT OF COHNREZNICK LLP

AS INDEPENDENT PUBLIC ACCOUNTANTS

Upon the recommendation of the Audit Committee, the Board has selected CohnReznick LLP to serve as the Company’s independent registered public accounting firm for 2025. In taking this action, the Board considered CohnReznick LLP’s independence with respect to the services to be performed and other factors, which the Board believes is advisable and in the best interest of the stockholders.

CohnReznick LLP served as the Company’s independent registered public accounting firm for the years ended December 31, 2024, 2023, 2022, 2021, 2020, 2019, and 2018, and has no financial interest of any kind in us except the professional relationship between auditor and client.

Timothy Garland, a partner of CohnReznick LLP, will be in attendance at the meeting. He will have an opportunity to make a statement if he wishes to do so, and will be available to respond to appropriate questions. We are asking the stockholders to ratify the selection of CohnReznick LLP as the Company’s independent registered public accounting firm for 2025. Although ratification is not required by the Company’s Bylaws or otherwise, the Board is submitting the selection of CohnReznick LLP to the stockholders for ratification because we value the stockholders’ views on the Company’s independent registered public accounting firm and as a matter of good corporate practice.

In the event that the stockholders fail to ratify the selection, it will be considered a recommendation to the Board to consider the selection of a different firm. Even if the selection is ratified, the Board may in its discretion select a different independent registered public accounting firm at any time during the year if it determines that such a change would be in the best interests of the Company and the stockholders.

The aggregate fees incurred by CohnReznick LLP for professional services rendered to the Company for the last two fiscal years are as follows:


	Fiscal Year Ended December 31
	2024	2023
Audit fees⁽¹⁾	$202,761	$158,550
Tax fees⁽²⁾	17,330	17,325
All other fees	—	—
Total fees	$220,091	$175,875

(1)	Consists of fees for services provided in connection with the audit of the Company’s financial statements and review of the Company’s quarterly financial statements.

(2)	Consists of fees for preparation of federal and state income tax returns.

The engagement of CohnReznick LLP for the 2024 and 2023 fiscal years and the scope of audit-related services, including the audits and reviews described above, and tax services were all pre-approved by the Audit Committee.

The policy of the Audit Committee is to pre-approve the engagement of the Company’s independent auditors and the furnishing of all audit and non-audit services.

The Board unanimously recommends a vote “FOR” ratification of CohnReznick LLP as the Company’s independent registered public accounting firm for 2025.

PROPOSAL 4 — ADVISORY VOTE TO DETERMINE THE FREQUENCY OF FUTURE ADVISORY

VOTES ON EXECUTIVE COMPENSATION

Under Section 14A of the Exchange Act, our stockholders are also allowed to vote, on a non-binding, advisory basis, for their preference as to how frequently we should seek future advisory votes on the compensation of our named executive officers as disclosed in accordance with the compensation disclosure rules of the SEC, which we refer to as an advisory vote to approve executive compensation. By voting with respect to this proposal, stockholders may indicate whether they would prefer that we conduct future advisory votes on executive compensation every one, two, or three years. Stockholders also may, if they wish, abstain from casting a vote on this proposal.

At our 2019 annual meeting, a majority of our stockholders voted in favor of holding an advisory vote to approve executive compensation every three years as recommended by the Board. Unless the Board modifies its policy on the frequency of holding “say-on-pay” advisory votes, the next “say-on-pay” frequency vote will occur at the 2031 annual meeting.

After careful consideration, the Board believes that submitting the advisory vote to approve executive compensation every three years is appropriate for the Company and its stockholders at this time. The Board believes that an advisory vote at this frequency will provide stockholders with sufficient time to evaluate the effectiveness of our overall compensation philosophy, policies and practices in the context of our long-term business results for the corresponding period. An advisory vote that occurs every three years will also permit the Company’s stockholders to observe and evaluate the impact of any changes to its executive compensation policies and practices that have occurred since the last advisory vote to approve executive compensation. The Board is therefore recommending that stockholders vote for holding the advisory vote to approve executive compensation every three years.

The Company recognizes that the stockholders may have different views as to the best approach for the Company, and therefore we look forward to hearing from our stockholders as to their preference on the frequency of advisory votes to approve executive compensation.

This vote is advisory and not binding on the Company or our Board in any way. The Board will take into account the outcome of the vote, however, when considering the frequency of future advisory votes to approve executive compensation. The Board may decide that it is in the best interests of our stockholders and the Company to hold an advisory vote to approve executive compensation more or less frequently than the frequency selected by our stockholders.

The proxy card provides stockholders with the opportunity to choose among four options (holding the vote every one, two or three years, or abstaining) and, therefore, stockholders will not be voting to approve or disapprove the recommendation of the Board.

Vote Required

The affirmative vote, in person or by proxy, of the majority of the votes cast by the holders of the Company’s common stock at the Annual Meeting is required to determine the frequency of future advisory votes on executive compensation. If none of the alternatives receives the majority of votes cast, the Company will consider the alternative that receives the highest number of votes cast by stockholders to be the frequency selected by stockholders. This is a non-binding advisory vote.

The Board recommends that you vote “THREE YEARS” as the frequency for future advisory votes to approve executive compensation.

STOCKHOLDER PROPOSALS

Stockholder proposals intended to be presented at the next annual meeting of stockholders pursuant to the provisions of Rule 14a-8 of the Securities and Exchange Commission, promulgated under the Securities Exchange Act of 1934, as amended, must be received by April 22, 2026 for inclusion in the Company’s proxy statement and form of proxy relating to such meeting. Proposals must be sent to the Company at InCorp Services, Inc., 9107 West Russell Road Suite 100, Las Vegas, NV, 89148-1233.

To be in proper form, a stockholder’s proposal or nomination must comply with Rule 14a-8 of the Securities and Exchange Commission. A stockholder who wishes to submit a proposal or nomination is encouraged to seek independent counsel about compliance with SEC and other requirements. The Company will not consider any proposal or nomination that does not meet the requirements of Rule 14a-8 of the Securities and Exchange Commission.

In addition to satisfying the foregoing requirements under the Company’s bylaws, to comply with the universal proxy rules, stockholders who intend to solicit proxies in support of director nominees other than the Company’s nominees must provide notice that sets forth the information required by Rule 14a-19 under the Securities Exchange Act of 1934, as amended no later than July 21, 2026 (the 60^th day prior to the first anniversary of the annual meeting for the preceding year’s annual meeting).

OTHER BUSINESS

While the accompanying Notice of Annual Meeting of Stockholders provides for the transaction of such other business as may properly come before the meeting, we have no knowledge of any matters to be presented at the meeting other than those listed as Proposals 1, 2, 3 and 4 in the notice. However, the enclosed proxy gives discretionary authority in the event that any other matters should be presented.

FORM 10-K

This proxy statement is accompanied by a copy of the Annual Report on Form 10-K for the year ended December 31, 2024 (excluding exhibits). We may charge a fee equal to the Company’s reasonable expenses in furnishing the exhibits.