Business Context and Reporting Period
Kearny Financial Corp. (KRNY) filed this Form 8-K on October 23, 2020, to report the results of its Annual Meeting of Stockholders held on October 22, 2020. The company is incorporated in Maryland and its common stock trades on The NASDAQ Stock Market LLC.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not provided in this document.
Material Changes
No material financial changes are reported in this filing. The document details the voting outcomes for the election of directors and other corporate proposals.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of risks and contingencies. It strictly reports the final vote tallies for the following matters:
- Election of Directors: Five directors were elected to three-year or two-year terms. All nominees received a majority of votes cast "For."
- Auditor Ratification: Stockholders ratified the appointment of Crowe LLP as the independent auditor for the fiscal year ending June 30, 2021.
- Executive Compensation: Stockholders approved an advisory, non-binding resolution regarding executive compensation.
Important Facts for Investors to Verify
- Voting Participation: Of 89,517,003 shares outstanding, 78,503,691 shares were present in person or by proxy.
- Broker Non-Votes: There were 13,108,700 broker non-votes recorded for the election of directors and the executive compensation proposal.
- Auditor Approval: The ratification of Crowe LLP received 76,793,369 votes "For" versus 1,014,527 "Against."
- Compensation Vote: The advisory vote on executive compensation received 62,198,022 votes "For" versus 2,770,396 "Against."