Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 56

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 56
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 do you need to hold the Annual Meeting?

A quorum of stockholders
is necessary to conduct business at the Annual Meeting. Under our amended and restated bylaws, a quorum will be present if the holders
of a majority of the voting power of the company’s outstanding shares entitled to vote generally in the election of directors are
represented in person or by proxy at the Annual Meeting. (Under Delaware law, if the board of directors of a company so authorizes, stockholders
and proxy holders not physically present at a meeting of stockholders may, by means of remote communication, be deemed present in person
at a stockholders meeting. Our Board has so authorized.) On the record date, there were (a) 33,283,329 shares of common stock outstanding
and entitled to vote and (b) shares of our outstanding Series A Preferred Stock entitled to 1,148 votes. Therefore, to have a quorum,
11,316,332 shares must be represented by stockholders present at the Annual Meeting or represented by proxy. The holders of the common
stock and the Series A Preferred Stock (on an as-converted basis) vote together as a single class on each of the proposals in this Proxy
Statement.

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Your shares will be counted
towards the quorum only if you submit a valid proxy (or one is submitted on your behalf by your broker, bank, or another nominee) or if
you attend the Annual Meeting virtually and vote at that time. Abstentions and broker non-votes will be counted for the purpose of determining
whether a quorum is present for the transaction of business. If a quorum is not present, our Chief Executive Officer, who will preside
at the Annual Meeting as chairman in accordance with our bylaws, may adjourn the Annual Meeting to another date and time.

What matters will be voted on at the Annual Meeting?

The following matters are scheduled to be voted
on at the Annual Meeting:

| ● | To elect the Company’s Class I Board of Directors (the “Board”). The Board intends to present for election the following two (2) nominees, Thomas J. Kozlowski, Jr. and Calvin D. Walsh, to serve a term of two years until our 2027 annual meeting of stockholders; and |
| ● | To approve, on an advisory basis, the compensation of the Company’s named executive officers; and                                                                                                                                                                        |
| ● | To indicate, on an advisory basis, the preferred