Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders for Broadway Financial Corporation held on June 26, 2019. The record date for the meeting was May 3, 2019, with 19,123,455 shares of voting stock outstanding and 18,694,659 shares entitled to vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
The following proposals were submitted to a vote of security holders:
- Election of Directors: Stockholders elected Robert C. Davidson, Jr., Dutch C. Ross, and Jack T. Thompson to three-year terms. Broker non-votes totaled 4,327,864 shares.
- Ratification of Auditors: Stockholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the year ending December 31, 2019.
- Executive Compensation: Stockholders approved the advisory vote on executive compensation. Broker non-votes totaled 4,327,864 shares.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation of the three-year terms for the newly elected directors: Robert C. Davidson, Jr., Dutch C. Ross, and Jack T. Thompson.
- Verification of Moss Adams LLP as the independent auditor for the 2019 fiscal year.
- Review of the significant number of broker non-votes (4,327,864) regarding the election of directors and executive compensation.
- Confirmation that the record date for the meeting was May 3, 2019.