Waterstone Financial, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the 2018 Annual Meeting of Shareholders held by Waterstone Financial, Inc. on May 15, 2018. The filing details the outcomes of three specific matters submitted to a vote by security holders.
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
The following outcomes were reported for the 29,352,107 outstanding shares eligible to vote:
- Board of Directors Election: Two nominees were elected to serve until 2021.
- Douglas Gordon: 21,331,977 votes For; 468,290 votes Withheld.
- Patrick Lawton: 20,894,225 votes For; 906,042 votes Withheld.
- Executive Compensation Advisory Vote: The resolution was not approved.
- Votes For: 10,731,896
- Votes Against: 10,868,587
- Abstain: 199,784
- Auditor Ratification: The selection of RSM US LLP as the independent registered public accounting firm was ratified.
- Votes For: 26,709,674
- Votes Against: 301,566
- Abstain: 13,824
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the voting results.
Key Facts for Investor Verification
- Shareholders rejected the advisory vote on executive compensation, with more votes cast against than for.
- Both director nominees received majority support despite significant withheld votes.
- RSM US LLP was overwhelmingly ratified as the independent auditor.
- The record date for the meeting was March 21, 2018.