Questions and Anwers About the Annual Meeting

 

What is the purpose of the annual meeting?

 

At the annual meeting, our stockholders will act upon the matters described in this proxy statement. These actions include: (i) the election of directors; (ii) the approval to amend Wizzard’s Articles of Incorporation to increase its authorized shares of common stock from 100,000,000 shares to 200,000,000 shares; and (iii) the ratification of the appointment of the independent registered public accounting firm (which we sometimes refer to as the “independent auditors”). An additional purpose of the annual meeting is to transact any other business that may properly come before the annual meeting and any and all adjournments or postponements of the annual meeting.

 

Who can attend the annual meeting?

 

All stockholders of record at the close of business on the record date, or their duly appointed proxies, may attend the annual meeting.

 

What proposals will be voted on at the annual meeting?

 

Stockholders will vote on three proposals at the annual meeting:

 

       

 

 

the election of directors;

  

 

the approval to amend Wizzard’s Articles of Incorporation to increase its authorized shares of common stock from 100,000,000 shares to 200,000,000 shares;

  

 

the ratification of Gregory & Associates LLC as independent auditors of Wizzard for the fiscal year ending December 31, 2011.

 

What are the Board’s recommendations?

 

Our Board recommends that you vote:

 

       

 

 

FOR election of the nominated directors;

  

 

FOR amending Wizzard’s Articles of Incorporation to increase its authorized shares of common stock from 100,000,000 shares to 200,000,000 shares;

  

 

FOR the ratification of Gregory & Associates LLC as independent auditors of Wizzard for the fiscal year ending December 31, 2011.

 

Will there be any other business on the agenda?

 

The Board knows of no other matters that are likely to be brought before the annual meeting. If any other matters properly come before the annual meeting, however, the persons named in the enclosed proxy, or their duly appointed substitute acting at the annual meeting, will be authorized to vote or otherwise act on those matters in accordance with their judgment.

 

Who is entitled to vote?

 

Only stockholders of record at the close of business on April 7, 2011, which we refer to as the record date, are entitled to notice of, and to vote at, the annual meeting. As of the record date, there were 89,776,359 shares of our common stock outstanding. Holders of common stock as of the record date are entitled to one vote for each share held for each of the proposals.

 

What is the difference between holding shares as a stockholder of record and as a beneficial owner?

 

Stockholder of Record.

If your shares are registered directly in your name with our transfer agent, Interwest Transfer Company Inc., you are considered, with respect to those shares, the “stockholder of record.” The proxy statement, Annual Report and proxy card have been sent directly to you by us.

 

Beneficial Owner.   

If your shares are held in a stock brokerage account or by a bank or other nominee, you are considered the “beneficial owner” of shares held in street name. The proxy statement and Annual Report have been forwarded to you by your broker, bank or nominee who is considered, with respect to those shares, the stockholder of record. As the beneficial owner, you have the right to direct your broker, bank or nominee how to vote your shares by using the voting instruction form included in the mailing.

 

How do I vote my shares?

 

All stockholders who receive proxy materials will receive instructions for voting by mail, telephone, or by using the Internet.

 

What constitutes a quorum?

 

A quorum is the presence, in person or by proxy, of the holders of a majority of the shares of the common stock entitled to vote. Under Colorado law, an abstaining vote and a broker “non-vote” are counted as present and are, therefore, included for purposes of determining whether a quorum of shares is present at the annual meeting.

 

What is a broker “non-vote” and what is its effect on voting?

 

A broker “non-vote” occurs when a nominee holding shares for a beneficial owner does not vote on a particular proposal because the nominee does not have the discretionary voting authority with respect to that item and has not received instructions from the beneficial owner. Generally, shares held by brokers who do not have discretionary authority to vote on a particular matter and have not received voting instructions from their customers are not counted or deemed to be present or represented for purposes of determining whether stockholders have approved that matter. More specifically, broker “non-votes” are not included in the tabulation of the voting results on the election of directors or issues requiring approval of a majority of the shares present or represented by proxy and entitled to vote at the annual meeting and, therefore, do not have an effect on the outcome of any of the proposals.

 

What is required to approve each item?

 

       

 

 

For Proposal 1 (election of directors), a plurality of the votes duly cast is required for the election of directors (that is, the nominees receiving the greatest number of votes will be elected). Abstentions are not counted for purposes of the election of directors.

 

 

For Proposal 2 (amend the Articles of Incorporation to increase the authorized shares of common stock), the affirmative vote of the holders of a majority of the stockholders’ shares present in person or represented by proxy at the meeting and entitled to vote, is required.

 

 

For Proposal 3 (ratification of the independent auditors), the affirmative vote of the holders of a majority of the stockholders’ shares present in person or represented by proxy at the meeting and entitled to vote, is required.

 

 

For any other matters (other than the election of directors) on which stockholders of Wizzard are entitled to vote, the affirmative vote of the holders of a majority of the stockholders’ shares present in person or represented by proxy at the meeting and entitled to vote, is required.

 

For the purpose of determining whether the stockholders have approved matters other than the election of directors, abstentions are treated as shares present or represented and voting, so abstaining has the same effect as a negative vote. If stockholders hold their shares through a broker, bank or other nominee and do not instruct them how to vote, the broker may have authority to vote the shares.

 

Stockholders may not cumulate votes in the election of directors, which means that each stockholder may vote no more than the number of shares he or she owns for a single director candidate.

 

How will shares of common stock represented by properly executed proxies be voted?

 

All shares of common stock represented by properly executed proxies will, unless such proxies have previously been revoked, be voted in accordance with the instructions indicated in such proxies. If you do not provide voting instructions, your shares will be voted in accordance with the Board’s recommendations on the items listed in the Notice of Annual Meeting. In addition, if any other matters properly come before the annual meeting, the persons named in the enclosed proxy, or their duly appointed substitute acting at the annual meeting, will be authorized to vote or otherwise act on those matters in accordance with their judgment.

 

Can I change my vote or revoke my proxy?

 

Any stockholder executing a proxy has the power to revoke such proxy at any time prior to its exercise. You may revoke your proxy prior to exercise by:

 

       

 

 

filing with us a written notice of revocation of your proxy,

 

       

 

 

submitting a properly signed proxy card bearing a later date,

  

       

 

 

voting in person at the annual meeting.

 

What does it mean if I receive more than one proxy card?

 

If your shares are registered under different names or are in more than one account, you will receive more than one proxy card. To ensure that all your shares are voted, please sign and return all proxy cards, or if you choose, vote by telephone or through the Internet using the personal identification number printed on each proxy card. We encourage you to have all accounts registered in the same name and address (whenever possible). You can accomplish this by contacting our transfer agent, Interwest Transfer Company Inc.

 

Who paid for this proxy solicitation?

 

This proxy solicitation is made by the Company.  The cost of preparing, printing, assembling and mailing this proxy statement and other material furnished to stockholders in connection with the solicitation of proxies will be borne by us.

 

How are proxies solicited?

 

In addition to the mail solicitation of proxies, our officers, directors, employees and agents may solicit proxies by written communication, telephone or personal call. These persons will receive no special compensation for any solicitation activities. We will reimburse banks, brokers and other persons holding common stock for their expenses in forwarding proxy solicitation materials to beneficial owners of our common stock.

 

What is “householding?”

 

“Householding” means that we deliver a single set of proxy materials to households with multiple stockholders, provided certain conditions are met. Householding reduces our printing and mailing costs.

 

If you or another stockholder of record sharing your address would like to receive an additional copy of the Annual Report on Form 10-K or this Proxy Statement, we will promptly deliver it to you upon your request in one of the following manners:

 

       

 

 

by sending a written request by mail to:

 John Busshaus, Chief Financial Officer

Wizzard Software Corporation

5001 Baum Blvd, Suite 770

Pittsburgh, PA 15213

 

       

 

 

by calling John Busshaus, Chief Financial Officer, at (412) 621-0902.

 

If you would like to opt out of householding in future mailings, or if you are currently receiving multiple mailings at one address and would like to request householded mailings, you may do so by contacting Kathy Neal, at (412) 621-0902.

 

Can I receive future stockholder communications electronically through the Internet?

 

Yes. You may elect to receive future notices of meetings, proxy materials and annual reports electronically through the Internet. To consent to electronic delivery, you must vote your shares using the Internet. At the end of the Internet voting procedure, the on-screen Internet voting instructions will tell you how to request future stockholder communications be sent to you electronically.

 

Once you consent to electronic delivery, you must vote your shares using the Internet and your consent will remain in effect until withdrawn. You may withdraw this consent at any time and resume receiving stockholder communications in print form.


What are the requirements for presenting stockholder proposals?

 

Stockholders may submit proposals on matters appropriate for stockholder action at our annual meeting consistent with regulations adopted by the Securities and Exchange Commission (SEC) and our Bylaws. For such proposals to be considered for inclusion in the proxy statement and form of proxy relating to the 2012annual meeting, we must receive them not later than January 1, 2012, or such later date as we may specify in our SEC filings. Your proposals should be addressed to Wizzard Software Corporation at 5001 Baum Blvd, Suite 770, Pittsburgh, PA 15213, Attn: Corporate Secretary.

 

We anticipate that proxies solicited in connection with our 2012 annual meeting will confer discretionary authority to vote on matters, among others, of which we do not receive notice prior to April 30, 2012.

 

Am I entitled to dissenter’s rights?


Under Colorado law, stockholders are not entitled to dissenter’s rights in connection with any of the matters described in this proxy statement.

 

What are the interests of the Company’s directors and officers in the matters to be acted upon?


Except as indicated below, none of our directors, executive officers, nominees for election as directors, or any of their associates has any substantial interest, direct or indirect, by security holdings or otherwise, in any of the matters to be acted upon.

 

Whom may I contact for further assistance?

 

If you have any questions about giving your proxy or require any assistance, please contact John Busshaus, our Chief Financial Officer:

 

       

 

 

by mail, to:

 

John Busshaus, Chief Financial Officer

Wizzard Software Corporation

5001 Baum Blvd, Suite 770

Pittsburgh, PA 15213

 

       

 

 

by telephone, at (412) 621-0902

 

 

<< Back to Top