Bimini Capital shareholders elect Class III director, ratify auditor, approve advisory vote on compensation

BIMINI CAPITAL MANAGEMENT, INC.

Robert E. Cauley elected Class III director with 4.38M for, 864K against, 2.47M broker non-votes.
Ratification of BDO USA as independent auditor passed with 7.46M for, 245K against, 4,450 abstain.
Advisory vote on named executive officer compensation approved (3.99M for, 1.24M against).
Stockholders recommended advisory votes on executive compensation every 3 years (2.97M votes); Board adopted 3-year frequency.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. shareholders approved Ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-14 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-06-14

Exact text from the filing

Proposal 2 — Ratification of Appointment of Independent Registered Public Accounting Firm. This proposal was ratified upon the following vote: For Against Abstain Broker Non-Votes 7,460,937 244,834 4,450 *

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. shareholders approved Frequency of Future Advisory Votes on Executive Compensation at the 2023-06-14 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-06-14

Exact text from the filing

Proposal 4 — Frequency of Future Advisory Votes on Executive Compensation. The stockholders recommended, on an advisory basis, that future votes on named executive officer compensation be conducted once every three years upon the following vote: 1 Year 2 Years 3 Years Abstain 2,251,606 12,060 2,974,923 3,564

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. shareholders approved Election of one Class II director at the 2023-06-14 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-06-14

Exact text from the filing

Based on the results presented below, Mr. Robert E. Cauley was elected to our Board to serve until the 2026 annual meeting of the Company’s stockholders or until his successor is elected and qualified: Nominee for Director For Against Abstain Broker Non-Votes Robert E. Cauley 4,377,607 864,208 338 2,468,068

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2023-06-14 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-06-14

Exact text from the filing

Proposal 3 — Advisory Vote on Named Executive Officer Compensation. This advisory vote was approved upon the following vote.: For Against Abstain Broker Non-Votes 3,992,572 1,239,265 10,316 2,468,068

View on SEC.gov

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BIMINI CAPITAL MANAGEMENT, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-017414

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