Shareholders of Qbase Inc. are meeting this morning, Jan. 20, to decide whether to accept a $5 million investment from a group of Virginia investors.

The data analytics company has about 80 employees in Beavercreek and Springfield. A proxy statement to Qbase shareholders says the company needs a stronger presence near Washington, D.C. It’s unclear what would happen to the company’s local offices if new management focused on growing in another location.

One key change shareholders will consider is a debt-equity swap for past Qbase investors, like Beavercreek developers Bob Mills and Sam Morgan. The proxy says those men have together loaned the company about $5 million, expecting to be repaid $3 million. The document says the two will instead receive “series B” ownership shares in a reorganized Qbase.

Neither Steve Baldwin — whom the proxy identifies as one of the investors poised to take control at Qbase — nor founder and current chief executive Bill Pardue could be reached Wednesday morning.