Origin Bancorp, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Origin Bancorp, Inc. on April 24, 2019. The filing primarily reports on the results of the Company's Annual Meeting of Stockholders held on April 24, 2019, in Choudrant, Louisiana. The Company is incorporated in Louisiana and is designated as an emerging growth company.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance events rather than financial performance data.
Material Changes and Voting Results
The Annual Meeting saw significant shareholder participation, with 19,374,971 shares represented (approximately 81.6% of outstanding shares) out of 23,747,535 eligible shares. The following proposals were submitted and approved:
- Proposal 1: Election of Class B Directors
- George Snellings, IV: Elected with 15,259,966 votes for, 484,892 against, and 176,442 abstentions.
- Elizabeth Solender: Elected with 13,606,701 votes for, 2,004,125 against, and 310,474 abstentions.
- Richard Gallot, Jr.: Elected with 15,558,610 votes for, 48,749 against, and 313,941 abstentions.
- Proposal 2: Ratification of Auditors
- BKD, LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2019.
- Votes: 19,335,984 for, 20,477 against, and 18,510 abstentions.
Guidance, Outlook, and Management Commentary
On April 25, 2019, the Company issued a press release (Exhibit 99.1) announcing the election of Richard Gallot, Jr. as the newest member of the Board of Directors. The filing does not contain forward-looking guidance, risk factors, or management commentary regarding financial outlook.
Key Facts for Investor Verification
- Verify the total number of shares outstanding and the record date to confirm the 81.6% participation rate.
- Review the specific qualifications and background of the newly elected directors, particularly Richard Gallot, Jr., as highlighted in the press release.
- Confirm the engagement terms and scope of work for the newly ratified auditor, BKD, LLP.
- Note that this filing contains no financial data; refer to the most recent 10-K or 10-Q for financial metrics.