Business Context and Reporting Period
This Form 8-K reports on the results of the annual meeting of shareholders for Nicolet Bankshares, Inc., held on May 9, 2022. The company is incorporated in Wisconsin and its common stock trades on the NASDAQ under the symbol NCBS.
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 voting results.
Material Changes and Voting Results
Shareholders voted on three proposals at the Annual Meeting:
- Proposal 1: Election of Directors. All 15 director nominees were elected. Votes ranged from approximately 7.2 million to 8.5 million "For" votes, with broker non-votes totaling 2,069,541 for each nominee.
- Proposal 2: Ratification of Independent Auditor. Shareholders approved the selection of BKD, LLP as the independent registered public accounting firm for the year ending December 31, 2022. The vote was 10,609,920 "For" versus 125,300 "Against."
- Proposal 3: Advisory "Say on Pay". Shareholders voted on the compensation of named executive officers. The proposal received 4,320,552 "For" votes and 4,180,073 "Against" votes, resulting in a narrow approval.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the narrow margin of approval for the "Say on Pay" proposal (approximately 50.7% For).
- Confirm the successful ratification of BKD, LLP as the independent auditor.
- Review the full list of elected directors to ensure alignment with the company's governance strategy.