Filing Overview
Richmond Mutual Bancorporation, Inc. filed a Form 8-K dated May 18, 2022, reporting results of its annual shareholder meeting and the declaration of a cash dividend. The company is an emerging growth company, and its common stock trades on Nasdaq under the symbol RMBI.
Annual Meeting Results
- Directors elected: Garry D. Kleer, E. Michael Blum, and Harold T. Hanley, III were elected to three-year terms expiring in 2025.
- Accounting firm ratification: Shareholders ratified BKD LLP as the company’s independent registered public accounting firm for the year ending December 31, 2022.
| Director | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| Garry D. Kleer | 6,349,629 | 623,089 | 2,534,556 |
| E. Michael Blum | 5,567,594 | 1,405,124 | 2,534,556 |
| Harold T. Hanley, III | 6,269,848 | 702,870 | 2,534,556 |
| Accounting Firm Ratification | Votes |
|---|---|
| For | 9,311,497 |
| Against | 95,574 |
| Abstain | 100,203 |
Dividend and Other Financial Information
- The board declared a cash dividend of $0.10 per common share.
- The dividend is payable June 16, 2022, to shareholders of record as of June 2, 2022.
- This filing does not provide revenue, net income, earnings per share, cash flow, margins, debt, liquidity, capital ratios, or other operating metrics.
Material Changes, Outlook, and Risks
The filing reports shareholder voting actions and a cash dividend but does not provide management guidance, an earnings outlook, material operating changes, contingencies, or specific risk disclosures. No unusual financial items are identified beyond the matters described above.
Investor Verification Items
- Verify the dividend amount, record date, and payment date.
- Confirm the elected directors and their three-year terms.
- Review subsequent filings for the company’s financial performance, capital position, liquidity, and any changes to dividend policy.
- Confirm BKD LLP’s appointment and review any subsequent auditor-related disclosures.