Waterstone Financial, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2014 Annual Meeting of Shareholders held by Waterstone Financial, Inc. on May 20, 2014. The filing details the outcomes of shareholder votes regarding board elections and executive compensation policies.
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 events.
Material Changes and Voting Results
Shareholders voted on three primary matters with 34,389,312 shares eligible to vote as of the March 24, 2014 record date:
- Board Elections: Michael L. Hansen and Stephen J. Schmidt were elected to the Board of Directors to serve until 2017.
- Executive Compensation (Say-on-Pay): Shareholders approved the compensation of named executive officers in an advisory vote.
- Compensation Vote Frequency: Shareholders voted in favor of holding an annual vote on executive compensation.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the results of the shareholder meeting.
Key Facts for Investor Verification
- Michael L. Hansen received 19,503,920 votes for and 577,801 votes withheld.
- Stephen J. Schmidt received 19,573,841 votes for and 507,880 votes withheld.
- The advisory vote on executive compensation received 17,991,274 votes for, 1,426,855 against, and 336,555 abstentions.
- Shareholders selected a one-year frequency for future compensation votes with 17,761,289 votes.