Business Context and Reporting Period
This Form 8-K filing by Parke Bancorp, Inc. (PKBK) reports on the results of its annual meeting of shareholders held on April 22, 2025. The report was filed on April 23, 2025, under Item 5.07 regarding the submission of matters to a vote of security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report and does not contain financial performance data.
Material Changes
No material financial changes are reported in this filing. The document details the outcomes of shareholder votes regarding corporate governance and audit oversight.
Corporate Governance and Voting Results
The following matters were voted upon at the annual meeting:
- Election of Directors: Three nominees were elected to three-year terms.
- Fred G. Choate: 4,527,449 votes For; 2,060,434 Withheld; 2,911,688 Broker Non-Votes.
- Jeffrey H. Kripitz: 6,366,010 votes For; 221,873 Withheld; 2,911,688 Broker Non-Votes.
- Jack C. Sheppard, Jr.: 6,120,259 votes For; 467,624 Withheld; 2,911,688 Broker Non-Votes.
There were no abstentions in the election of directors.
- Ratification of Independent Auditor: The appointment of S.R. Snodgrass, P.C. as the independent auditor for the fiscal year ending December 31, 2025, was ratified.
- For: 9,471,244
- Against: 19,448
- Abstain: 8,879
Investor Verification Checklist
- Verify the successful election of the three director nominees and their respective vote counts.
- Confirm the ratification of S.R. Snodgrass, P.C. as the independent auditor for the 2025 fiscal year.
- Note the significant number of broker non-votes (2,911,688) in the director elections, indicating shares held in street name where brokers did not have discretionary voting authority.
- Review the company's next quarterly or annual report (10-Q or 10-K) for financial performance metrics, as they are not included in this 8-K.