Filing Analysis
Asure Software, Inc. filed an 8-K to announce its financial results for the second quarter ended June 30, 2026. The filing serves as a formal announcement of the earnings press release issued on July 30, 2026.
📋 Key Facts
- Reporting period: Second Quarter ended June 30, 2026
- Filing date: July 30, 2026
- The filing includes a press release as Exhibit 99.1 regarding financial results.
- Signed by John Pence, CFO, Principal Financial Officer, and Principal Accounting Officer.
Asure Software, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 12, 2026. Stockholders elected seven directors and ratified the appointment of CBIZ CPAs PC as the company's independent auditor for the 2026 fiscal year.
📋 Key Facts
- The 2026 Annual Meeting of Stockholders was held on May 12, 2026.
- A total of 25,826,293 shares of common stock were represented at the meeting.
- Seven directors were elected: Benjamin Allen, W. Carl Drew, Daniel Gill, Patrick Goepel, Grace Lee, Bradford Oberwager, and Bjorn Reynolds.
- The appointment of CBIZ CPAs PC as the independent registered public accounting firm for the year ending December 31, 2026, was ratified with 99.75% support.
- Director Bjorn Reynolds received the highest number of 'Withheld' votes at 2,336,410.
Asure Software, Inc. announced its financial results for the first quarter ended March 31, 2026. The filing includes a press release detailing the company's performance for the period.
📋 Key Facts
- The filing reports financial results for the quarter ended March 31, 2026.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- A press release was furnished as Exhibit 99.1.
- The filing was signed by CFO John Pence on April 30, 2026.
Asure Software, Inc. announced its financial results for the fourth quarter ended December 31, 2025. The results were furnished in a press release attached as Exhibit 99.1 to the filing.
🚩 Red Flags
- Clerical discrepancy in Exhibit 99.1 description, which lists a date of October 30, 2025, for a press release reporting results for the period ended December 31, 2025.
📋 Key Facts
- The filing was made on February 26, 2026, to report Q4 2025 financial results.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- John Pence, Chief Financial Officer, signed the filing.
- The company is listed on the Nasdaq Capital Market under the ticker ASUR.
Asure Software, Inc. filed an 8-K to announce its financial results for the third quarter ended September 30, 2025. The filing serves as a formal announcement of the earnings release via press release.
📋 Key Facts
- Reporting period: Third Quarter ended September 30, 2025.
- Filing date: October 30, 2025.
- The company issued a press release (Exhibit 99.1) containing the financial results.
Asure Software, Inc. filed an 8-K to announce its second quarter financial results for the period ended June 30, 2025. The filing serves as a formal announcement of the press release containing the company's quarterly earnings.
📋 Key Facts
- Report date: July 31, 2025
- Reporting period: Second Quarter ended June 30, 2025
- The filing includes a press release as Exhibit 99.1 regarding financial results.
- Signed by John Pence, CFO/PFO/PAO.
Asure Software, Inc. has entered into an agreement to acquire Lathem Time 2025, LLC for $39.5 million and simultaneously drew down the remaining $40 million of its available credit facility to fund the transaction.
🚩 Red Flags
- High leverage: The company has fully utilized its $40 million credit facility to fund this single acquisition.
- Tightened liquidity requirements: Minimum liquidity threshold was increased from $6.0M to $7.5M.
- Increased cost of debt: Final payment fee doubled from 1% to 2%.
- Concentrated capital deployment: The company is using its entire remaining credit capacity for this transaction, leaving little margin for error or other acquisitions.
📋 Key Facts
- Acquisition of 100% of membership interests in Lathem Time 2025, LLC (formerly Lathem Time Corporation).
- Purchase price is $39.5 million, subject to working capital and inventory adjustments.
- Company borrowed the remaining $40 million available under its existing Credit Agreement to finance the acquisition.
- Amendment to Credit Agreement increases minimum liquidity threshold from $6.0 million to $7.5 million.
- The final payment fee for lenders increased from 1.00% to 2.00% in connection with the amendment.
- Loan maturity date is April 1, 2030; interest-only payments are required until April 1, 2029.
Asure Software, Inc. announced the stockholder approval of a Fourth Amended and Restated Rights Agreement and several other proposals at its 2025 Annual Meeting. The rights agreement extension is primarily administrative, extending the expiration date from October 2025 to October 2028.
🚩 Red Flags
- The approval of the Incentive Award Plan (Item 4) passed with a relatively low margin of 68.58%, indicating significant shareholder dissent regarding dilution/compensation structure.
- Advisory vote on compensation frequency (Item 6) saw high abstentions/non-votes, though it technically passed.
📋 Key Facts
- Stockholders approved the Fourth Amended and Restated Rights Agreement on June 2, 2025; effective date set for October 28, 2025.
- The agreement extends the Final Expiration Date from October 28, 2025, to October 28, 2028.
- Equiniti Trust Company LLC has assumed the role of Rights Agent following a merger with AST (the former agent).
- Stockholders approved an amendment to the 2018 Incentive Award Plan to increase available shares by 2,250,000.
- CBIZ CPAs PC was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
- Seven directors were elected to hold office until the next annual meeting.
Asure Software, Inc. filed an 8-K to furnish its quarterly press release for the first quarter ended March 31, 2025. The filing serves as a placeholder for the announcement of financial results and does not contain substantive new material agreements or structural changes.
📋 Key Facts
- The company issued a press release on May 1, 2025, regarding Q1 2025 financial results.
- Reporting period is for the first quarter ended March 31, 2025.
- The filing includes Exhibit 99.1 containing the press release.
Asure Software announced a change in its independent auditor following the acquisition of Marcum LLP's attest business by CBIZ CPAs P.C. Additionally, the company is seeking stockholder approval to extend a rights agreement intended to preserve $50 million in tax carryforwards.
🚩 Red Flags
- Auditor change occurring simultaneously with the disclosure of existing material weaknesses in internal controls (Item 9A).
- The company is actively working to extend rights agreements specifically to prevent the expiration of significant tax assets ($50.2M total), indicating high dependency on these carryforwards for future profitability/cash flow.
📋 Key Facts
- Marcum LLP resigned as independent auditor effective April 14, 2025, due to its attest business being acquired by CBIZ CPAs P.C.
- CBIZ CPAs P.C. has been engaged as the new independent registered public accounting firm.
- The Board approved a Fourth Amended and Restated Rights Agreement to extend the Final Expiration Date from October 28, 2025, to October 28, 2028.
- The rights agreement extension is subject to a majority stockholder vote on June 2, 2025.
- As of Dec 31, 2024, the company holds ~$46.6M in NOL carryforwards and ~$3.6M in R&D credit carryforwards expiring between 2025-2044.
- The company previously reported a material weakness in internal control over financial reporting related to program change management (filed March 6, 2025).
Asure Software, Inc. entered into a $60 million Credit, Security and Guaranty Agreement with MidCap Financial Trust and other lenders. The company has already drawn $20 million to fund transaction fees and working capital, with the remaining $40 million available through March 31, 2027.
🚩 Red Flags
- Significant debt burden: The $60M facility represents a substantial potential liability for a micro-cap company.
- Restrictive covenants: Maintenance of specific leverage and liquidity ratios could limit operational flexibility.
- Prepayment penalties: High costs (up to 3%) associated with exiting the debt early.
📋 Key Facts
- Total credit facility amount: $60 million.
- $20 million was funded at closing on April 10, 2025.
- Remaining $40 million is available in $2.0 million increments until March 31, 2027.
- Maturity date of the loan: April 1, 2030.
- Interest rate: Term SOFR + 5.00% (with a SOFR floor of 2.00%).
- Amortization of principal begins on April 1, 2029.
- Prepayment penalty: 3.00% in year 1, 2.00% in year 2, and 1.00% in year 3 (waived for certain refinances).
- Covenants include a Total Leverage Ratio max of 5.50 to 1.00 and a minimum liquidity threshold of 10.00% of the outstanding principal.
Asure Software, Inc. filed an 8-K to furnish its press release announcing financial results for the fourth quarter ended December 31, 2024.
📋 Key Facts
- Report date: March 6, 2025
- Reporting period: Fourth quarter ended December 31, 2024
- The filing is a standard announcement of quarterly earnings results via press release (Exhibit 99.1).
Asure Software, Inc. entered into an 'at the market' (ATM) sales agreement with Roth Capital Partners, LLC to facilitate the offering and sale of up to $25 million in common stock.
🚩 Red Flags
- Potential dilution for existing shareholders through the issuance of new common stock.
- ATM offerings are often used by micro-cap companies to raise immediate working capital, which can signal liquidity needs.
📋 Key Facts
- Entered into a Sales Agreement with Roth Capital Partners, LLC on October 31, 2024.
- The program allows for the sale of up to $25 million of Common Stock via an 'at the market' offering.
- Agent (Roth Capital) will receive compensation of up to 3.0% of aggregate gross proceeds.
- Sales will be conducted under a previously effective shelf registration statement on Form S-3 (File No. 333-278590).
- The company may suspend solicitation or terminate the agreement with five days' notice.
Asure Software, Inc. filed an 8-K to furnish its third quarter financial results for the period ended September 30, 2024. The filing serves as a formal announcement of quarterly earnings via a press release.
📋 Key Facts
- Reporting date: October 31, 2024
- Period covered: Third Quarter ended September 30, 2024
- The company issued a press release (Exhibit 99.1) containing the financial results.
- The filing is made pursuant to Item 2.02 of Form 8-K.
Asure Software, Inc. filed an 8-K to furnish its press release announcing financial results for the second quarter ended June 30, 2024.
📋 Key Facts
- Report date: August 1, 2024
- Reporting period: Second Quarter ended June 30, 2024
- The filing is primarily a placeholder to furnish the earnings press release as Exhibit 99.1.
- The information under Item 2.02 is furnished, not filed.
Asure Software, Inc. held its 2024 Annual Meeting of Stockholders on May 20, 2024. The results included the election of seven directors and the ratification of Marcum LLP as the independent auditor.
🚩 Red Flags
- Non-binding 'Say on Pay' vote received only 72.40% approval, which is relatively low for executive compensation votes and may indicate shareholder dissatisfaction with pay structures.
📋 Key Facts
- Held 2024 Annual Meeting of Stockholders on May 20, 2024.
- Seven directors were elected: Benjamin Allen, W. Carl Drew, Daniel Gill, Patrick Goepel, Grace Lee, Bradford Oberwager, and Bjorn Reynolds.
- Stockholders ratified the appointment of Marcum LLP as independent registered public accounting firm for fiscal year ending Dec 31, 2024 (99.16% support).
- Approved an amendment to the Employee Stock Purchase Plan to increase authorized shares by 400,000.
- Stockholders approved executive compensation on a non-binding advisory basis with 72.40% support.
Asure Software, Inc. filed an 8-K to furnish its quarterly earnings press release for the first quarter ended March 31, 2024. This is a routine regulatory filing used to communicate financial results to the market.
📋 Key Facts
- Report date: May 2, 2024
- Reporting period: First quarter ended March 31, 2024
- The filing includes Exhibit 99.1 containing the quarterly press release
- Filed by John Pence, CFO/Principal Financial Officer
Asure Software, Inc. filed an 8-K to furnish its press release announcing financial results for the fourth quarter ended December 31, 2023.
📋 Key Facts
- The filing is a standard earnings announcement under Item 2.02.
- Reporting period: Fourth Quarter ended December 31, 2023.
- Filing date: February 26, 2024.
- The press release containing the actual financial data is furnished as Exhibit 99.1.