Bridgewater Bancshares Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2020 Annual Meeting of Shareholders held on April 28, 2020. The record date for voting was March 3, 2020, with 28,945,324 shares of common stock outstanding. Approximately 83% of outstanding shares were represented at the meeting, establishing a quorum.
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
Shareholders voted on two primary proposals:
- Proposal 1 (Director Elections): Three Class II director nominees were elected to serve three-year terms.
- David B. Juran: 17,225,175 votes for; 4,083,314 votes withheld.
- Thomas P. Trutna: 17,460,883 votes for; 3,847,606 votes withheld.
- Todd B. Urness: 15,373,530 votes for; 5,934,959 votes withheld.
- Proposal 2 (Auditor Ratification): The appointment of CliftonLarsonAllen LLP as the independent registered public accounting firm for the year ending December 31, 2020, was ratified.
- Votes For: 23,665,662
- Votes Against: 328,158
- Abstentions: 6,368
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risk factors, or contingencies beyond the standard disclosure of the voting process.
Key Facts for Investor Verification
- Verify the final term dates for the newly elected directors (David B. Juran, Thomas P. Trutna, Todd B. Urness) extending to the 2023 Annual Meeting.
- Confirm the engagement of CliftonLarsonAllen LLP for the 2020 fiscal year audit.
- Note the significant number of broker non-votes (2,691,699) on the director election proposals.