INFORMATION ANALYSIS INCORPORATED
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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1.
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To elect four directors to serve terms expiring at the 2014 Annual Meeting.
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2.
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To ratify the appointment of CohnReznick LLP an independent registered public accounting firm, as the company’s independent registered public accountants for the fiscal year ending December 31, 2013.
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3.
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To consider any other business that is properly presented at the meeting.
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WHO MAY VOTE:
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You may vote if you were the record owner of Information Analysis Incorporated stock at the close of business on April 30, 2013. A list of stockholders of record will be available at the meeting and, during the 10 days prior to the meeting, at the office of the Secretary at the above address.
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BY ORDER OF THE BOARD OF DIRECTORS
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YOUR VOTE IS VERY IMPORTANT
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Whether or not you plan to attend the Annual Meeting, please vote as soon as possible. You may vote over the Internet, as well as by telephone or, if you requested to receive printed proxy materials, by mailing a completed proxy card.
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Information Analysis Incorporated |
2013 Proxy Statement
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Information Analysis Incorporated |
2013 Proxy Statement
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●
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“FOR” the election of the four nominees for director;
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●
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“FOR” ratification of the appointment of CohnReznick LLP as our independent registered public accountants for our fiscal year ending December 31, 2013.
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Information Analysis Incorporated |
2013 Proxy Statement
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Information Analysis Incorporated |
2013 Proxy Statement
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
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TITLE OF CLASS: INFORMATION ANALYSIS INCORPORATED COMMON STOCK
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Name and Address of
Beneficial Owner
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Amount and Nature of
Beneficial Ownership
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Percent
Of Class
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Joseph P. Daly
497 Circle Freeway
Cincinnati, OH 45246
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1,141,000
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10.2
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Traditions LP
924 Ridge Drive
McLean, VA 22101
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1,000,000
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8.9
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Barry T. Brooks
3843 Jamestown Road
Springfield, OH 45502
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735,043
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6.6
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SECURITY OWNERSHIP OF MANAGEMENT
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TITLE OF CLASS: INFORMATION ANALYSIS INCORPORATED COMMON STOCK
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Name of
Beneficial Owner (1)
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Amount and Nature of
Beneficial Ownership (2)
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Percent
Of Class
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Sandor Rosenberg, Chairman, CEO, and Director
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1,832,800
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16.4
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Richard S. DeRose, Executive Vice President
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500,345
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(3)
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4.4
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Stanley A. Reese, Senior Vice President
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292,000
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(4)
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2.5
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Charles A. May, Jr., Director
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60,000
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(5)
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0.5
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Bonnie K. Wachtel, Director
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188,800
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(5)
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1.7
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James D. Wester, Director
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164,947
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(5)
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1.5
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All directors and executive officers as a group
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3,038,892
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(6)
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25.7
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(1)
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The address of all beneficial holders is in care of the Company, except Ms. Wachtel, whose address of record is 1101 14th St. NW, Washington, DC 20001.
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(2)
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All shares are held outright by the individuals listed.
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(3)
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Includes 285,000 shares issuable upon the exercise of options to purchase common stock.
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(4)
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Includes 270,000 shares issuable upon the exercise of options to purchase common stock.
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(5)
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Includes 20,000 shares issuable upon the exercise of options to purchase common stock.
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(6)
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Includes 615,000 shares issuable upon the exercise of options to purchase common stock.
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Information Analysis Incorporated |
2013 Proxy Statement
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Name of Nominee
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Age
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Director Since
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Position with the Company
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Charles A. May, Jr.
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75
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1997
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Director
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Sandor Rosenberg
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66
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1979
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Chairman of the Board, Chief Executive Officer and President
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Bonnie K. Wachtel
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57
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1992
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Director
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James D. Wester
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74
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1985
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Director
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Information Analysis Incorporated |
2013 Proxy Statement
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Information Analysis Incorporated |
2013 Proxy Statement
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Director Compensation
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Name
(a)
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Fees Earned or Paid in Cash
($)
(b)
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Stock Awards ($)
(c)
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Option Awards
($)
(d)
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All Other
Compensation ($) (g)
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Total
($)
(h)
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Charles A. May, Jr.
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2,000
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-
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-
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-
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2,000
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Bonnie K. Wachtel
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2,000
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-
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-
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-
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2,000
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James D. Wester
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2,000
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-
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-
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-
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2,000
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Name
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Age
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Position
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Richard S. DeRose
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74
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Executive Vice President, Secretary, and Chief Financial Officer
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Stanley A. Reese
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56
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Senior Vice President and Chief Operating Officer
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Information Analysis Incorporated |
2013 Proxy Statement
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SUMMARY COMPENSATION TABLE
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Name and principal position
(a)
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Year
(b)
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Salary
($)
(c)
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Bonus
($)
(d)
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Stock
Awards
($)
(e)
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Option
Awards1
($)
(f)
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All Other
Compensation2
($)
(i)
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Total
($)
(j)
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Sandor Rosenberg
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2012
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142,000
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10,000
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--
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--
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13,672
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165,672
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Chairman of the Board and Chief Executive Officer
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2011
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142,000
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5,000
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--
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--
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12,307
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159,307
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Richard S. DeRose
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2012
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70,000
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2,000
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--
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--
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11,121
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83,121
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Executive Vice President and Chief Financial Officer
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2011
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70,000
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1,000
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--
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--
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18,622
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89,622
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Stanley A. Reese
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2012
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140,000
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5,000
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--
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4,000
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10,630
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159,630
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Chief Operating Officer
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2011
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140,000
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4,000
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--
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--
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26,045
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170,045
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OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
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OPTION AWARDS
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Name
(a)
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Number of Securities
Underlying Unexercised Options (#) Exercisable
(b)
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Number of Securities
Underlying Unexercised Options (#) Unexercisable
(c)
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Option Exercise Price
($)
(e)
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Option Expiration Date
(f)
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Sandor Rosenberg
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n/a
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n/a
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Richard S. DeRose
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50,000
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0.22
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05/27/2013
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Richard S. DeRose
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25,000
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0.42
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10/27/2015
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Richard S. DeRose
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90,000
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0.52
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06/23/2016
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Richard S. DeRose
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50,000
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0.40
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04/20/2017
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Richard S. DeRose
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20,000
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0.17
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01/28/2020
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Richard S. DeRose
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50,000
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0.20
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11/01/2020
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Stanley A. Reese
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50,000
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0.22
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05/27/2013
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Stanley A. Reese
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25,000
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0.42
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10/27/2015
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Stanley A. Reese
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100,000
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0.40
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04/20/2017
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Stanley A. Reese
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25,000
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0.28
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05/05/2018
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Stanley A. Reese
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20,000
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0.17
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01/28/2020
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Information Analysis Incorporated |
2013 Proxy Statement
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Plan Category
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Number of securities to be issued upon exercise of outstanding options, warrants, and rights
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Weighted average exercise price of outstanding options, warrants, and rights
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Number of securities remaining available for future issuance
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Equity compensation plans approved by security holders
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1,162,500
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$ 0.28
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1,112,500
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Equity compensation plans not approved by security holders
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--
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--
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--
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Total
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1,162,500
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$ 0.28
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1,112,500
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Information Analysis Incorporated |
2013 Proxy Statement
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Members of the Information Analysis Incorporated Audit Committee
Bonnie K. Wachtel
Charles A. May, Jr.
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Information Analysis Incorporated |
2013 Proxy Statement
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Information Analysis Incorporated |
2013 Proxy Statement
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Fee Category |
2012 Fees
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2011 Fees
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Audit Fees | ||||||
CohnReznick LLP | $ 48,000 | $ -- | ||||
Reznick Group, P.C.
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20,000 | 65,000 | ||||
Audit-Related Fees | ||||||
Direct Expenses - Reznick Group, P.C.
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-- | 208 | ||||
Tax Fees | 4,100 | 5,585 | ||||
All Other Fees | -- | -- | ||||
Total Fees and Services | $ 72,100 | $ 70,793 |
Information Analysis Incorporated |
2013 Proxy Statement
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INFORMATION ANALYSIS INCORPORATED
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By:
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/s/ Sandor Rosenberg | |
Sandor Rosenberg | |||
President and Chief Executive Officer | |||
Information Analysis Incorporated
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
ANNUAL MEETING OF STOCKHOLDERS – JUNE 12, 2013 AT 10:00 AM
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CONTROL ID:
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REQUEST ID:
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The undersigned stockholder of INFORMATION ANALYSIS INCORPORATED hereby appoints Richard S. DeRose proxy with full power of substitution to act for and on behalf of the undersigned and to vote all stock outstanding in the name of the undersigned as of the close of business on May 1, 2013, which the undersigned would be entitled to vote if personally present at the Annual Meeting of Stockholders (“Meeting”) to be held Wednesday, June 12, 2013, at our Corporate Headquarters located at 11240 Waples Mill Road, Suite 201, Fairfax, Virginia 22030, commencing at 10:00 a.m. (local time), and at any and all adjournments or postponements thereof, upon all matters properly coming before the Meeting.
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(CONTINUED AND TO BE SIGNED ON REVERSE SIDE.)
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VOTING INSTRUCTIONS
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If you vote by phone, fax or internet, please DO NOT mail your proxy card.
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MAIL:
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Please mark, sign, date, and return this Proxy Card promptly using the enclosed envelope.
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FAX:
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Complete the reverse portion of this Proxy Card and Fax to 202-521-3464.
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INTERNET:
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https://www.iproxydirect.com/IAIC
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PHONE:
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Call toll free 1-866-752-VOTE (8683)
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ANNUAL MEETING OF THE STOCKHOLDERS OF
INFORMATION ANALYSIS INCORPORATED
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PLEASE COMPLETE, DATE, SIGN AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.
PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE: ý
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PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
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Proposal 1
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à
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FOR
ALL
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AGAINST
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FOR ALL
EXCEPT
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|||||||
Elect four directors of the Company to hold office until their respective successors shall have been duly elected and qualified;
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¨
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||||||||||
Charles A. May, Jr.
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¨
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¨
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|||||||||
Sandor Rosenberg
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¨
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¨
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CONTROL ID:
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|||||||
Bonnie K. Wachtel
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¨
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¨
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REQUEST ID:
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|||||||
James D. Wester
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¨
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¨
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Proposal 2
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à
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FOR
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AGAINST
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ABSTAIN
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|||||||
Ratification of CohnReznick LLP as independent registered public accountants; and
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¨
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¨
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¨
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||||||||
Proposal 3
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à
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FOR
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AGAINST
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ABSTAIN
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|||||||
Transact such other business as may properly come before the Annual Meeting and any adjournment(s) thereof.
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¨
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¨
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¨
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MARK HERE FOR ADDRESS CHANGE o
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In their discretion, the proxies are authorized to vote upon such other business as may properly come before the Meeting, and any adjournment or adjournments thereof.
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New Address (if applicable):
________________________
________________________
________________________
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THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR ALL” NOMINEES IN PROPOSAL 1, AND “FOR” PROPOSAL 2.
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IMPORTANT: Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.
Dated: ________________________, 2013
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MARK “X” HERE IF YOU PLAN TO ATTEND THE MEETING: ¨
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(Print Name of Stockholder and/or Joint Tenant)
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(Signature of Stockholder)
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(Second Signature if held jointly)
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