Business Context and Reporting Period
This Form 8-K reports on the results of the 2026 Annual Meeting of Shareholders held by Avidbank Holdings, Inc. on May 19, 2026. The record date for the meeting was March 27, 2026, with 10,955,167 shares of common stock outstanding and entitled to vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting outcomes.
Material Changes and Voting Results
A total of 8,713,597 shares were present in person or by proxy, constituting a quorum. Two proposals were submitted to shareholders:
- Proposal 1: Election of Directors - All ten (10) director nominees were elected to serve until the 2027 Annual Meeting. The nominees received significant support, with "Votes For" ranging from approximately 7.9 million to 8.1 million per nominee. "Votes Withheld" were minimal, ranging from 2,454 to 239,894. Broker non-votes totaled 571,308 for each nominee.
- Proposal 2: Ratification of Auditors - Shareholders ratified the appointment of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote was 8,693,714 "For" and 19,883 "Against," with no abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document serves solely to disclose the final vote tallies from the annual meeting.
Key Facts for Investor Verification
- Verify the full list of elected directors and their tenure terms in the Company's proxy statement filed on April 7, 2026.
- Confirm the appointment of Crowe LLP as the independent auditor for the fiscal year ending December 31, 2026.
- Note that approximately 571,308 broker non-votes were recorded for the director election, indicating shares held in street name where brokers did not have discretionary voting authority.
- Review the proxy statement for detailed biographical information on the ten elected directors.