Stellar Bancorp declares $0.14 quarterly dividend, an increase; shareholders reject board declassification

Stellar Bancorp, Inc.

Quarterly cash dividend raised to $0.14/share, payable June 30, 2025 to holders of record June 16, 2025.
Shareholders voted against declassifying the board (34.3M for, 670K against; did not pass).
Say-on-pay and 2022 Omnibus Incentive Plan amendments approved with over 92% of votes cast.
New Executive Severance Plan provides up to 200% base salary continuation for named executive officers upon qualifying termination.

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