8-K
filed June 27, 2023, 7:59 PM ET
ticker BYFC
CIK 0001001171
other
confidence high
sentiment neutral
materiality 0.30
Broadway Financial shareholders approve director slate, auditor, say-on-pay, LTIP amendment, and reverse stock split
BROADWAY FINANCIAL CORP \DE\
- Directors Argrett (26.9M for), Donovan (24.3M for), Longbrake (26.9M for) elected.
- Ratification of Moss Adams as auditor approved: 34.5M for, 0.6M against.
- Advisory say-on-pay approved: 26.3M for, 1.1M against.
- Amendment to 2018 LTIP approved: 26.2M for, 1.2M against.
- Reverse stock split charter amendment approved: 33.5M for, 1.5M against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BROADWAY FINANCIAL CORP \DE\ shareholders approved Election of directors at the 2023-06-21 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-21
Exact text from the filing
The nominees for election to the Company’s Board of Directors set forth in Item 1 to the Company’s Proxy Statement filed with the U.S. Securities and Exchange Commission on May 1, 2023 were elected to serve until the Annual Meeting of Stockholders to be held in the year 2026 or until their respective successors are duly elected and qualified, based on the following vote: Nominee Votes For Votes Withheld Broker Non-Votes Brian E. Argrett 26,875,306 622,166 7,629,054 Mary Ann Donovan 24,287,307 3,210,165 7,629,054 William A. Longbrake 26,933,269 564,203 7,629,054
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BROADWAY FINANCIAL CORP \DE\ shareholders approved Ratification of appointment of Moss Adams LLP as independent registered public accounting firm at the 2023-06-21 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-21
Exact text from the filing
The proposal to ratify the appointment of Moss Adams LLP as the independent registered public accounting firm for the Company for its fiscal year ending December 31, 2023 was approved based upon the following votes: Votes for approval 34,493,151 Votes against 570,061 Abstentions 63,314 Broker non-votes 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BROADWAY FINANCIAL CORP \DE\ shareholders approved Approval of Amendment to Certificate of Incorporation to effect a reverse stock split with no change to authorized shares at the 2023-06-21 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-06-21
Exact text from the filing
The proposal to approve the Amendment to the Company’s Certificate of Incorporation to Effect a Reverse Stock Split of the Company’s Common Stock With No Change to the Number of Authorized Shares was approved based upon the following votes: Votes for approval 33,513,558 Votes against 1,536,369 Abstentions 76,599 Broker non-votes 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BROADWAY FINANCIAL CORP \DE\ shareholders approved Approval of Amendment and Restatement of the 2018 Long-Term Incentive Plan at the 2023-06-21 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-06-21
Exact text from the filing
The proposal to approve the Amendment and Restatement of the Company’s 2018 Long-Term Incentive Plan was approved based upon the following votes: Votes for approval 26,206,188 Votes against 1,196,162 Abstentions 95,122 Broker non-votes 7,629,054
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BROADWAY FINANCIAL CORP \DE\ shareholders approved Advisory vote to approve executive compensation at the 2023-06-21 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-21
Exact text from the filing
The proposal to approve the Company’s executive compensation on an advisory (non-binding) basis was approved based upon the following votes: Votes for approval 26,302,544 Votes against 1,116,620 Abstentions 78,308 Broker non-votes 7,629,054
View on SEC.gov
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