Business Context and Reporting Period
Company: Red River Bancshares, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 1, 2025
Event: Submission of Matters to a Vote of Security Holders at the Annual Meeting held on May 1, 2025.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
Shareholder Participation:
- Shares Outstanding (Record Date Feb 28, 2025): 6,777,657
- Shares Represented at Meeting: 5,197,241
All ten nominees were elected to serve until the 2026 annual meeting. Notable vote counts include:
- Highest Support: Michael J. Brown, CFA (4,025,564 For; 101 Withheld)
- Lowest Support: Teddy R. Price (3,824,766 For; 200,899 Withheld)
Shareholders approved the compensation of named executive officers.
- Votes For: 3,794,412
- Votes Against: 59,118
- Abstentions: 172,135
Shareholders approved holding advisory votes on executive compensation every two years.
- Every Two Years: 2,390,764 votes
- Every Year: 1,345,695 votes
- Every Three Years: 275,715 votes
Shareholders ratified the appointment of EisnerAmper LLP as the independent registered public accounting firm for the year ending December 31, 2025.
- Votes For: 5,167,184
- Votes Against: 29,939
- Abstentions: 118
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The Board has confirmed that, consistent with the shareholder vote, future advisory votes on executive compensation will occur every two years.
Key Facts for Investor Verification
- Verify the tenure of the newly elected directors, specifically noting the higher number of withheld votes for Teddy R. Price compared to other nominees.
- Confirm the frequency of future Say-on-Pay votes is now set to every two years.
- Review the upcoming 2025 annual report to assess the financial performance of the company, as this 8-K contains no financial data.
- Note the appointment of EisnerAmper LLP as the independent auditor for the fiscal year ending December 31, 2025.