---
schema_version: "secwatch.filing_event.v1"
accession: "0000939057-23-000263"
form_type: "8-K"
ticker: "RVSB"
cik: "0001041368"
company_name: "RIVERVIEW BANCORP INC"
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T02:45:42.623054+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Riverview Bancorp reduces board from 8 to 7 members; elects 3 directors at annual meeting

## Summary
- Board size decreased to 7; Company and Bank bylaws amended accordingly.
- Directors Carlson, Hoff, and Wills elected with >94% of votes present; terms to 2026.
- Say-on-pay advisory approved (84.5% for); say-on-pay frequency set at 1 year (80.5% for).
- Total shares outstanding 21,118,084; quorum of 15,104,850 shares represented.

## SEC filing metadata
- accession: 0000939057-23-000263
- form_type: 8-K
- ticker: RVSB
- cik: 0001041368
- company_name: RIVERVIEW BANCORP INC
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041368/000093905723000263/0000939057-23-000263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041368/000093905723000263/riv8k82323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000939057-23-000263
- JSON: https://secwatch.observer/filing/0000939057-23-000263.json
- Plain text: https://secwatch.observer/filing/0000939057-23-000263.txt

## Key facts
- Governance Changes
  RIVERVIEW BANCORP INC: Decreased board size from 8 to 7 members (effective 2023-08-23).
  - Change: bylaw amendment
  - Effective: 2023-08-23
  source text: On August 23, 2023, Riverview Bancorp, Inc. (the "Company") and Riverview Bank’s (the "Bank") Boards of Directors voted to amend the Company’s and the Bank’s Bylaws to decrease the size of the board from eight (8) to seven (7) members.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905723000263/0000939057-23-000263-index.htm
- Shareholder Votes
  RIVERVIEW BANCORP INC shareholders approved An advisory (non-binding) vote to approve on how often stockholders shall vote on executive compensation. at the 2023-08-23 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-08-23
  source text: An advisory (non-binding) vote to approve on how often stockholders shall vote on executive compensation. This proposal received the following votes: 1 Year Percentage of shares present 2 Year Percentage of shares present 3 Year Percentage of shares present Abstain Percentage of shares present 12,156,423 80.5 209,881 1.4 2,198,222 14.6 540,324 3.5
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905723000263/0000939057-23-000263-index.htm
- Shareholder Votes
  RIVERVIEW BANCORP INC shareholders approved An advisory (non-binding) vote to approve our executive compensation. at the 2023-08-23 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-08-23
  source text: An advisory (non-binding) vote to approve our executive compensation. This proposal received the following votes: For Percentage of shares present Against Percentage of shares present Abstain Percentage of shares present Broker Non-Vote 12,763,080 84.5 1,553,516 10.3 788,254 5.2 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905723000263/0000939057-23-000263-index.htm
- Shareholder Votes
  RIVERVIEW BANCORP INC shareholders approved Election of Directors at the 2023-08-23 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-08-23
  source text: The following individuals were elected as directors: FOR WITHHELD BROKER NON- VOTES No. of votes Percentage of shares present No. of Votes Percentage of shares present No. of votes Bradley J. Carlson 14,222,053 94.16 882,797 5.84 - Larry A. Hoff 14,921,949 98.79 182,901 1.21 - Bess R. Wills 14,670,336 97.12 434,514 2.88 -
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041368/000093905723000263/0000939057-23-000263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.