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 21, 2026. The company is incorporated in New Jersey and its common stock trades on The Nasdaq Stock Market, LLC.
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
The following matters were submitted to a vote of security holders:
- Election of Directors: Three nominees were elected to three-year terms.
- Vito S. Pantilione: 6,879,495 votes For; 76,162 Withheld.
- Dr. Edward Infantolino: 4,962,672 votes For; 1,992,985 Withheld.
- Elizabeth A. Milavsky: 6,888,346 votes For; 67,310 Withheld.
- Ratification of Auditor: The appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2026, was approved with 8,775,913 votes For and 17,708 Against.
- Executive Compensation (Say-on-Pay): The advisory proposal was approved with 6,335,958 votes For and 409,021 Against.
- Frequency of Say-on-Pay Vote: Shareholders voted to hold the advisory vote on executive compensation every one year, receiving 56.90% of the votes cast (3,953,415 votes).
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 the disclosure of voting results.
Key Facts for Investor Verification
- Verify the re-election of Dr. Edward Infantolino, who received a significantly higher number of withheld votes compared to the other two nominees.
- Confirm the shareholder preference for an annual (one-year) frequency for executive compensation advisory votes.
- Note the ratification of S.R. Snodgrass, P.C. as the independent auditor for the 2026 fiscal year.
- Review the total number of broker non-votes (1,861,507) which were present for the director election and compensation proposals but did not vote on those specific items.