INTELLINETICS, INC. SEC Filings

Intellinetics, Inc. is calling its 2026 Annual Meeting of Stockholders for June 25, 2026 at its Columbus, Ohio headquarters. Stockholders will elect five directors for one-year terms and vote on several key governance and compensation matters.

The company seeks approval to amend its 2024 Equity Incentive Plan, increasing common shares authorized for issuance from 243,122 to 917,157, and to amend its 2023 Non-Employee Director Compensation Plan, raising its share limit from 150,000 to 302,863. Stockholders will also cast non-binding advisory votes on named executive officer pay and on how often future say-on-pay votes should occur, with the Board recommending a three-year frequency, and will vote on ratifying GBQ Partners LLC as independent auditor for the fiscal year ending December 31, 2026. As of the April 28, 2026 record date, 4,458,863 common shares were outstanding and entitled to vote.

INTELLINETICS, INC. Chief Financial Officer Joseph D. Spain reported a small share disposition related to taxes, not an open-market trade. On the vesting of a restricted stock grant originally awarded on March 28, 2025, 843 shares of common stock at $7.25 per share were remitted to the company to cover withholding taxes. After this tax-withholding transaction, he directly holds 30,907 shares of Intellinetics common stock.

INTELLINETICS, INC. chief strategy officer Matthew L. Chretien reported two share dispositions that were strictly for tax withholding, not open-market sales. On April 8, 2026, he remitted a total of 3,510 shares of common stock back to the company to cover withholding taxes on vesting restricted stock grants originally awarded on March 28, 2025 and April 2, 2024. After these tax-withholding transactions, he directly holds 51,775 shares of Intellinetics common stock.

INTELLINETICS, INC. reported that CEO Alison G. Forsythe received multiple equity awards in the form of common stock and stock-based incentives. These are compensation-related grants rather than open-market purchases or sales.

On April 1, 2026, she was granted two derivative awards tied to 48,533 shares of common stock each, at $7.45 per share, with exercise dates on April 1, 2027 and April 1, 2028 and an expiration on April 1, 2036. Following these grants, derivative-related holdings reported in this filing increased to 133,197 shares. She also acquired 36,131 shares of common stock as a non-derivative award. A separate entry shows 12,403 shares remitted to the company to cover withholding taxes for the vesting portion of a restricted stock grant, so that disposition reflects tax payment rather than a market sale.

Intellinetics, Inc. describes its business as a document services and software solutions provider serving small-to-medium businesses and government customers through two segments: Software and Document Services. The company emphasizes growth in cloud-based, software-as-a-service offerings and niche leadership in regulated markets such as state and local government, non-clinical healthcare and K-12 education.

Intellinetics highlights heavy reliance on government clients, including a long-standing State of Michigan document conversion contract that represents a large share of Document Services and total consolidated revenues. The report details intense competition, rapid technology change including artificial intelligence, inflationary labor pressures, cybersecurity and regulatory compliance. It also notes leadership changes, with a new President and CEO appointed in 2026, and outlines its workforce, facilities, and cybersecurity framework based on NIST standards.

Intellinetics, Inc. reported fourth quarter and full-year 2025 results showing solid SaaS growth but weaker overall performance. Q4 revenue inched up 1.0% to $4.3 million, driven by an 8.4% rise in SaaS revenue to $1.6 million, while net loss widened to $207,975, or $0.05 per share.

For 2025, total revenue declined 8.0% to $16.6 million as professional services activity fell, even though SaaS revenue grew 11.3% to $6.3 million. Net loss increased to $1.87 million, or $0.44 per share, and Adjusted EBITDA dropped to $469,694 from $2.38 million, reflecting higher operating expenses and growth investments. Management plans to focus on accelerating SaaS and recurring software revenue in 2026.

INTELLINETICS, INC. filed an initial insider ownership report for Alison G. Forsythe, who serves as Chief Executive Officer. This Form 3 lists her as an officer and establishes her status as a reporting person, but the excerpt does not show any specific share transactions or holdings.

Intellinetics, Inc. entered into a secured $1 million term loan line of credit with JPMorgan Chase Bank, expiring December 31, 2026. Borrowings bear interest at a variable rate of SOFR + 2.35%, are secured by the company’s assets, and require EBITDA of at least $350,000 at fiscal year-end.

The company’s board appointed Alison Forsythe as President and Chief Executive Officer, effective February 17, 2026. Under her employment agreement, she will receive a $400,000 annual base salary, be eligible for an annual bonus of up to 55% of base salary, and be granted 145,600 RSUs that vest over two years. The agreement also provides severance of three months’ base salary for termination without cause and six months’ base salary for certain terminations near a change of control.