Waterstone Financial, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2015 Annual Meeting of Shareholders held by Waterstone Financial, Inc. on May 20, 2015. The filing date is May 21, 2015. The record date for the meeting was March 23, 2015, with 34,691,087 outstanding shares eligible 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 matters and shareholder voting results.
Material Changes and Voting Results
Shareholders voted on three primary matters:
- Election of Directors: Two nominees were elected to the Board of Directors to serve until 2017.
- Patrick S. Lawton: 22,974,153 votes For; 701,579 votes Withheld.
- Douglas S. Gordon: 23,026,691 votes For; 649,041 votes Withheld.
- Executive Compensation Advisory Vote: Shareholders approved the compensation of named executive officers.
- For: 20,969,495
- Against: 2,495,283
- Abstain: 210,954
- Ratification of Auditors: Shareholders ratified the selection of McGladry LLP as the independent registered public accounting firm for the year ending December 31, 2015.
- For: 30,827,872
- Against: 484,085
- Abstain: 90,410
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on financial outlook, specific risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation of the new Board of Directors' tenure ending in 2017.
- The level of shareholder support for executive compensation (approximately 89% For).
- The ratification of McGladry LLP as the external auditor.
- Total eligible voting shares as of the record date (34,691,087).