Business Context and Reporting Period
Company: Blue Ridge Bankshares, Inc. (BRBS)
Filing Type: Form 8-K (Current Report)
Date of Report: October 10, 2024
Event: Results of the 2024 Annual Meeting of Shareholders held on October 10, 2024.
Key Financial Metrics
This filing is a corporate governance report regarding shareholder voting results. It does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
No material financial changes are reported in this document. The filing details the outcomes of three shareholder proposals:
- Proposal 1 (Election of Directors): All seven director nominees were elected. Terms vary, expiring in 2025, 2026, or 2027.
- Proposal 2 (Stock Incentive Plan): Shareholders approved the Amended and Restated 2023 Stock Incentive Plan.
- Proposal 3 (Auditor Ratification): Shareholders ratified the appointment of Elliott Davis, PLLC as the independent registered public accounting firm for 2024.
Guidance, Outlook, and Risks
The filing does not provide management guidance, future outlook, risk factors, contingencies, or commentary on unusual items. It strictly reports the voting tallies for the Annual Meeting.
Important Facts for Investors to Verify
- Voting Participation: Of 73,541,950 shares outstanding, 58,555,687 shares were present in person or by proxy, constituting a quorum.
- Director Support: All director nominees received significant "For" votes (ranging from approximately 53.3 million to 54.0 million), with "Withheld" votes ranging from approximately 573,000 to 1.2 million.
- Stock Plan Approval: The 2023 Stock Incentive Plan was approved with 53,221,555 votes "For" versus 974,466 "Against".
- Auditor Ratification: The appointment of Elliott Davis, PLLC was ratified with 58,354,019 votes "For" versus 154,888 "Against".