Primis Financial Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2021 Annual Meeting of Stockholders held virtually on May 27, 2021. Primis Financial Corp. (NASDAQ: FRST) is a financial services company incorporated in Virginia.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Of the 24,532,285 shares outstanding, 21,450,865 shares were present or represented by proxy. Three proposals were voted upon:
- Proposal One (Election of Directors): Three Class III directors were elected by a plurality of votes.
- Robert Y. Clagett: 17,258,540 votes for.
- Deborah B. Diaz: 17,415,277 votes for.
- Charles A. Kabbash: 16,181,609 votes for.
- Proposal Two (Ratification of Auditors): The appointment of Dixon Hughes Goodman LLP was approved with 21,259,071 votes for, 170,288 against, and 21,506 abstentions.
- Proposal Three (Executive Compensation): The advisory vote to approve named executive officer compensation was approved with 16,923,069 votes for, 1,404,058 against, and 76,388 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the final composition of the Board of Directors following the election of the three Class III nominees.
- Confirm the engagement of Dixon Hughes Goodman LLP as the independent auditor for the fiscal year ending December 31, 2021.
- Review the proxy statement for details on the specific compensation packages approved in the advisory vote.