Stellar Bancorp shareholders approve merger with Prosperity; advisory compensation vote fails

Stellar Bancorp, Inc.

Merger approved: 39,209,984 votes For (99.8% of votes cast), 59,317 Against, 58,567 Abstentions.
Non-binding advisory compensation proposal rejected: 15,683,085 For vs 23,385,406 Against.
Quorum of 77.3% (39,327,868 shares) present; adjournment proposal not needed.
Deal with Prosperity Bancshares (PB) approved; merger expected to close pending remaining conditions.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Stellar Bancorp, Inc. shareholders rejected Non-binding advisory vote on merger-related compensation at the 2026-05-27 meeting.

Proposal: say on pay
Outcome: failed
Meeting: 2026-05-27

Exact text from the filing

Stellar’s shareholders did not approve the non-binding, advisory merger compensation proposal by the vote set forth below: Votes For Votes Against Abstentions 15,683,085 23,385,406 259,377

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Stellar Bancorp, Inc. shareholders approved Approve the merger agreement with Prosperity Bancshares at the 2026-05-27 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2026-05-27

Exact text from the filing

Stellar’s shareholders approved the merger proposal by the vote set forth below: Votes For Votes Against Abstentions 39,209,984 59,317 58,567

View on SEC.gov

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Stellar Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-242039

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