Filing Summary
Business Context and Reporting Period
Richmond Mutual Bancorporation, Inc. filed a Form 8-K dated May 16, 2024, reporting results of its May 15, 2024 annual shareholder meeting and the declaration of a common-stock cash dividend. The company’s common stock trades on Nasdaq under the symbol RMBI.
Key Financial and Capital Metrics
- The company declared a cash dividend of $0.14 per share.
- The dividend is payable June 13, 2024, to shareholders of record as of May 30, 2024.
- The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating financial metrics.
Material Changes and Shareholder Votes
- Shareholders elected Jeffrey A. Jackson and M. Lynn Wetzel as directors, each for a three-year term expiring in 2027.
- Vote totals for Jeffrey A. Jackson were 4,728,317 for, 1,848,695 withheld, and 1,947,864 broker non-votes.
- Vote totals for M. Lynn Wetzel were 4,733,505 for, 1,843,507 withheld, and 1,947,864 broker non-votes.
- Shareholders ratified FORVIS, LLP as the independent registered public accounting firm for the year ending December 31, 2024, with 8,418,872 votes for, 30,392 against, and 75,612 abstentions.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no earnings guidance, outlook, management commentary, risk updates, contingencies, or unusual financial items. Its principal corporate action is the declared dividend.
Investor Verification Items
- Verify eligibility for the $0.14-per-share dividend based on ownership as of May 30, 2024.
- Verify receipt and timing of the dividend payment scheduled for June 13, 2024.
- Review subsequent filings for financial performance, capital position, dividend sustainability, and any changes following the director elections.