Company: EHSI
Filing Date: 2025-09-29
Form Type: DEF 14A
Source: 0001437749-25-030001
Chunk: 48

Company: Elite Health Systems Inc.
Filing Date: 2025-09-29
Form: DEF 14A
Chunk 48
---
 PSS and his daughter holds the remaining 49% ownership. Both our Chief Executive Officer and the Chief Operating Officer of Elite Health Plan of California are executive officers of PSS. These interests may present them with actual or potential conflicts of interest, and these interests, to the extent material, are described below.

The Elite Board was aware of these potential conflicts of interest and considered them, among other matters, in reaching its decision to establish the Special Committee and to approve the Acquisition Agreement and to recommend that Elite stockholders approve the proposals to be presented to Elite stockholders for consideration at the Meeting as contemplated by this proxy statement.

OWNERSHIP INTERESTS OF THE COMPANY’S CHIEF EXECUTIVE OFFICER

As of September 26, 2025, the Company’s Chief Executive Officer held, in the aggregate, approximately 2,126,097 shares of the Company’s common stock and owned 46% of PSS.

FINANCIAL RESULTS OF PSS

Below are selected financial results of PSS for each of the three years ended March 31, 2025.

| (in thousands)            |     | Years Ended March 31, |   2023 |   |     |   |   2024 |   |     |   |   2025 |   |
|:--------------------------|:----|:----------------------|-------:|:--|:----|:--|-------:|:--|:----|:--|-------:|:--|
| Revenue                   |     | $                     |  1,765 |   |     | $ |  5,942 |   |     | $ |  6,990 |   |
| Cost of Revenue           |     |                       | (1,278 | ) |     |   | (5,636 | ) |     |   | (6,448 | ) |
| Gross Margin              |     |                       |    487 |   |     |   |    306 |   |     |   |    542 |   |
| Administrative Expenses   |     |                       |   (120 | ) |     |   |   (302 | ) |     |   |   (414 | ) |
| Operating Income          |     |                       |    367 |   |     |   |      4 |   |     |   |    128 |   |
| Tax and Other Expense (1) |     |                       |   (104 | ) |