8-K
filed May 12, 2023, 7:59 PM ET
ticker ISBA
CIK 0000842517
other
confidence high
sentiment neutral
materiality 0.15
Isabella Bank shareholders elect directors, approve say-on-pay and auditor at 2023 annual meeting
ISABELLA BANK CORP
- Elected Barnes, Coffin, and Rupp as directors with over 3.6M votes each, broker non-votes ~690k.
- Advisory vote on executive compensation approved: 3.3M for, 312k against, 143k abstain.
- Frequency of say-on-pay set at every three years: 2.8M for three years, 573k for one year.
- Ratified Rehmann Robson LLC as independent auditor for 2023: 4.4M for, 22k against, 44k abstain.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ISABELLA BANK CORP shareholders approved Election of Directors at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 1 - Election of Directors The following individuals were elected to serve as directors to hold office until the 2026 Annual Meeting of Shareholders. Nominee For Withhold Broker Non-Votes Dr. Jeffrey J. Barnes 3,663,122 117,542 689,987 Melinda M. Coffin 3,629,607 151,057 689,987 Vicki L. Rupp 3,679,284 101,380 689,987
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ISABELLA BANK CORP shareholders approved Frequency of Advisory Vote on Executive Compensation at the 2023-05-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 3 - Frequency of Advisory Vote on Executive Compensation The Corporation’s shareholders approved by non-binding advisory vote "every three years" as the frequency of future advisory votes on named executive officers compensation, as set forth below. One Year Two Years Three Years Abstain Broker Non-Votes 573,288 241,639 2,824,750 140,987 689,987
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ISABELLA BANK CORP shareholders approved Ratify the Appointment of Rehmann Robson LLC at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 4 - Ratify the Appointment of Rehmann Robson LLC The Corporation’s shareholders ratified the appointment of Rehmann Robson LLC as the Corporation's independent registered public accounting firm for 2023, as set forth below. For Against Abstain 4,405,279 21,740 43,632
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ISABELLA BANK CORP shareholders approved Advisory Vote on Executive Compensation at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 2 - Advisory Vote on Executive Compensation The Corporation’s shareholders approved by non-binding advisory vote the compensation paid to the Corporation’s named executive officers, as set forth below. For Against Abstain Broker Non-Votes 3,325,197 312,211 143,256 689,987
View on SEC.gov
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