Waterstone Financial, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated May 17, 2022, details the results of Waterstone Financial, Inc.'s 2022 Annual Meeting of Shareholders. The company is incorporated in Maryland and trades on The NASDAQ Stock Market under the symbol WSBF.
Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report is limited to corporate governance voting results.
Material Changes
No material financial changes or operational updates are reported in this document. The filing solely addresses the outcomes of shareholder votes regarding board composition, auditor ratification, and executive compensation.
Guidance, Outlook, and Risks
The filing contains no management guidance, future outlook, risk factors, or discussion of contingencies. It strictly reports the vote tallies from the annual meeting.
Key Facts for Investors
- Board Elections: Shareholders elected Ellen Bartel and Kristine Rappé to the Board of Directors for terms ending in 2025.
- Auditor Ratification: Shareholders ratified the selection of CliftonLarsonAllen LLP as the independent registered public accounting firm for the year ending December 31, 2022.
- Executive Compensation: Shareholders approved the advisory vote on named executive officer compensation.
- Voting Participation: There were 24,197,131 outstanding shares eligible to vote as of the March 23, 2022 record date.
Voting Results Detail
| Proposal | For | Against/Withheld | Abstain |
|---|---|---|---|
| Election of Directors (Ellen Bartel) | 16,604,519 | 899,873 (Withheld) | N/A |
| Election of Directors (Kristine Rappé) | 17,131,494 | 372,898 (Withheld) | N/A |
| Ratification of Auditors | 21,114,098 | 107,830 | 29,604 |
| Executive Compensation (Say-on-Pay) | 16,463,161 | 709,155 | 332,076 |