Here are the DEF 14A proxy statements from California First Leasing (CFNB) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow CFNB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CFNB filings page.
California First Leasing Corporation is asking shareholders to elect six directors and approve a 1‑for‑50 reverse stock split that the Board may implement anytime on or before June 30, 2026. The reverse split would reduce each holder’s shares by a factor of 50, with holders who would otherwise receive fractional shares (including those with fewer than 50 shares) instead receiving cash based on the last reported OTC Market sale price before the effective date.
The Board states that the primary goal is to reduce the number of shareholders to below 100 so the company can terminate registration as an investment company under the Investment Company Act of 1940 and lower related compliance and administrative costs, while continuing OTC disclosure. As of December 12, 2025, 8,979,387 common shares were outstanding, with insiders and directors owning about 92.2%, including Chairman and CEO Patrick E. Paddon at 60.1%.