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

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EXPLANATORY NOTE

On June 15, 2022, CreditRiskMomitor.com, Inc. (the “Company”) filed its Definitive Proxy Statement on Schedule 14A (the “Proxy Statement”) for the Company’s 2022 Annual Meeting of Stockholders with the Securities and Exchange Commission. The Proxy Statement was filed in connection with the Company’s 2022 Annual Meeting of Stockholders to be held on July 13, 2022 (the “Annual Meeting”). This supplement to the Proxy Statement and a revised proxy card are being filed on this Amendment 1 to Schedule 14A to add a new Proposal 3 that is soliciting a non-binding, advisory vote from Company Stockholders on the compensation paid to our named executive officers as described in the Proxy Statement (also referred to as “Say-on-Pay” or “Proposal 3”). Other than the changes described in this supplement, which adds Proposal 3, makes other conforming changes to the Proxy Statement and updates the Notice of Annual Meeting, no other changes have been made to the Proxy Statement, and the Proxy Statement and Notice continue to be in full force and effect as originally prepared and continue to seek the vote of Company Stockholders for the proposals to be voted on at the Annual Meeting. A form of the revised proxy card has also been included in this filing.

Capitalized terms used but not otherwise defined in this supplement have the meanings ascribed to them in the Proxy Statement. This supplement should be read together with the Proxy Statement, which should be read in its entirety.

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CREDITRISKMONITOR.COM, INC.

704 Executive Boulevard, Suite A

Valley Cottage, New York 10989

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SUPPLEMENT TO PROXY STATEMENT

FOR

2022 ANNUAL MEETING OF STOCKHOLDERS

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TO BE HELD ON WEDNESDAY, JULY 13, 2022

This Proxy Statement Supplement (the “Supplement”) supplements and amends the original definitive proxy statement of CreditRiskMomitor.com, Inc. ( the “Company”, “we”, or “our”), dated June 10, 2022 (the “Proxy Statement”) for the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) to (i) add a new Proposal 3 to the Proxy Statement that provides for a non-binding, advisory vote of Company stockholders on the compensation paid to our named executive officers as described in the Proxy Statement (also referred to as “Say-on-Pay” or “Proposal 3”), (ii) update the Notice of Annual Meeting to add the new Proposal 3 (the “Updated Notice”), and (iii) make additional changes to the Proxy Statement resulting from the addition of new Proposal 3. As previously disclosed in the Proxy Statement, the Annual Meeting will be held on July 13, 2022 at 9:00 a.m., local time, or any adjournment thereof, at 704 Executive Boulevard, Suite A, Valley Cottage, New York 10989.

This Supplement relates to the new Proposal 3 to be considered by stockholders at the Annual Meeting and does not provide all of the information that is important to your decisions with respect to voting on all of the proposals that are being presented to stockholders for their vote at the Annual Meeting. Additional information is contained in the Proxy Statement. To the extent that the information in this Supplement differs from, updates or conflicts with the information contained in the Proxy Statement, the information in this Supplement shall amend and supersede the information in the Proxy Statement. Except as so amended or superseded, all information set forth in the Proxy Statement remains unchanged and important for you to review. Accordingly, we urge you to read this Supplement carefully and in its entirety together with the Proxy Statement. If you would like to receive another copy of the Proxy Statement, please contact the Company with a written request to: 704 Executive Boulevard, Suite A, Valley Cottage, New York 10989, Attention: Corporate Secretary.

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This Supplement relates to the solicitation of proxies by our Board of Directors (the “Board”) for use at the Annual Meeting. This Proxy Statement Supplement, the Updated Notice of Annual Meeting attached hereto as Appendix A and a revised proxy card (the “Revised Proxy Card”) are being made available on or about June 23, 2022 to all stockholders entitled to vote at the Annual Meeting.

 

We urge stockholders of record to vote on proposals 1 through 3 by submitting a Revised Proxy Card. If you return an executed Revised Proxy Card without marking your instructions with regard to the matters to be acted upon, the proxy holders will vote “FOR” the election of director nominees set forth in the Proxy Statement, and “FOR” the approval of Proposals 2 and 3. 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.

 

If you have already voted and do not submit a Revised Proxy Card, your previously submitted proxy will be voted at the Annual Meeting with respect to Proposals 1 and 2 but will not be counted in determining the outcome of Proposal 3.

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PLEASE NOTE THAT IF YOU SUBMIT A REVISED PROXY CARD IT WILL REVOKE ALL PROXY

CARDS PREVIOUSLY SUBMITTED, SO IT IS IMPORTANT TO INDICATE YOUR VOTE

ON EACH PROPOSAL ON THE REVISED PROXY CARD.

 

PROPOSALS TO BE VOTED UPON BY STOCKHOLDERS

 

Please note that we strongly encourage you to read this Supplement and to vote on Proposal 3.

 

Vote Required; Effect of Abstentions and Broker Non-Votes.

 

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PROPOSAL 3 — 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 named executive officers, as disclosed in this proxy statement in accordance with the rules of the Securities and Exchange Commission, or SEC. As described elsewhere in this Proxy Statement, we try to design our named 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 the Proxy Statement, beginning on page 3. That section of the proxy statement, which includes our named executive officer compensation tables and related narrative discussion, provides details on our compensation programs and policies for our named 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 2022 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.

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 for approval of executive compensation. However, this advisory vote is not binding on us, our board of directors, 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.

 

The Board recommends that you vote “FOR” the approval of the compensation of our named executive officers as described in the Proxy Statement.

 

IF YOU HAVE ALREADY VOTED, YOUR VOTES WILL BE COUNTED WITH RESPECT TO THE ELECTION OF DIRECTORS IN PROPOSAL 1 AND PROPOSAL 2. HOWEVER, WE URGE YOU TO CAST YOUR VOTE ON ALL THREE PROPOSALS USING THE REVISED PROXY CARD EVEN IF YOU HAVE PREVIOUSLY CAST YOUR VOTE ON PROPOSALS 1 AND 2 AS DESCRIBED IN OUR PROXY STATEMENT DATED JUNE 10, 2022.

 

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Appendix A

 

CREDITRISKMONITOR.COM, INC.

704 Executive Boulevard, Suite A

Valley Cottage, New York 10989

 

UPDATED NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD ON JULY 13, 2022

 

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.

TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS: ☒

KEEP THIS PORTION FOR YOUR RECORDS

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

The Board of Directors recommends you vote FOR the following:

For All

Withhold All

For All Except

To withhold authority to vote for any individual nominee(s), mark “For All Except” and write the number(s) of the nominee(s) on the line below.