Velocity Financial shareholders re-elect all directors and approve 2022 exec compensation

Velocity Financial, Inc.

All 8 director nominees re-elected; Omar Maasarani received 14.3M abstentions (43.7%) but still re-elected.
Advisory vote on named executive officer compensation passed with 99.9% of votes cast in favor.
Ratification of RSM US LLP as independent auditor for 2023 approved with 99.98% of votes cast for.
Broker non-votes: 271,573 on all director and compensation proposals.

item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Velocity Financial, Inc. shareholders approved Election of Directors at the 2023-05-19 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-19

Exact text from the filing

Proposal I: Election of Directors. All of our Directors were re-elected and received the following votes: Number of Votes For Against Abstain Broker Non- Votes Dorika M. Beckett 31,906,689 41,465 1,001 271,573 Michael W. Chiao 31,908,146 39,988 1,021 271,573 Christopher D. Farrar 31,937,336 11,819 0 271,573 Alan H. Mantel 31,905,602 42,552 1,001 271,573 John P. Pitstick 31,943,765 4,389 1,001 271,573 John A. Pless 31,867,620 80,534 1,001 271,573 Joy L. Schaefer 31,906,939 41,215 1,001 271,573 Omar Maasarani 17,564,814 101,533 14,282,808 271,573

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Velocity Financial, Inc. shareholders approved Ratification of RSM US LLP as independent auditor for 2023 at the 2023-05-19 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-19

Exact text from the filing

Proposal III. The ratification of RSM US LLP as our independent auditor for 2023. Our shareholders ratified RSM US LLP as our independent auditor for 2023 with the following votes: Number of Votes For 32,214,360 Against 2,140 Abstain 4,228

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Velocity Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-154103

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