SEC Filing Summary: The Bancorp, Inc. (TBBK)
Business Context and Reporting Period
This Form 8-K, dated May 25, 2022, reports the final results of the annual meeting of stockholders held on that date. The registrant is The Bancorp, Inc., a Delaware corporation with principal executive offices in Wilmington, DE.
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 voting outcomes.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Item 1: Election of Directors All 10 nominees were elected to serve until the 2023 Annual Meeting.
- Notable Vote Split: Hersh Kozlov received the highest number of "Against" votes (7,705,196) compared to other nominees, though he was still elected with 43,532,709 "For" votes.
- Broker Non-Votes: 1,759,489 broker non-votes were recorded for this item.
- Item 2: Executive Compensation (Say-on-Pay) Stockholders approved the advisory compensation program for named executive officers.
- Votes For: 48,595,443
- Votes Against: 2,507,586
- Abstentions: 144,174
- Item 3: Ratification of Auditors Stockholders approved the selection of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022.
- Votes For: 51,879,315
- Votes Against: 1,124,011
- Abstentions: 3,366
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the specific reasons for the elevated "Against" votes (approx. 15% of total votes cast) for director nominee Hersh Kozlov.
- Confirm the total number of shares outstanding to calculate the percentage of votes represented by the 1,759,489 broker non-votes.
- Review the full proxy statement for details on the executive compensation program approved in Item 2.
- Check subsequent filings for the official appointment letter or engagement terms with Grant Thornton LLP.