Esquire Financial Holdings Announces Board and Officer Changes
Ticker: ESQ · Form: 8-K · Filed: May 30, 2024 · CIK: 1531031
| Field | Detail |
|---|---|
| Company | Esquire Financial Holdings, Inc. (ESQ) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-compensation, board-of-directors
Related Tickers: EFH
TL;DR
Esquire Financial Holdings (EFH) filed an 8-K detailing board changes and executive comp adjustments. No major financial news, but governance update.
AI Summary
Esquire Financial Holdings, Inc. announced on May 30, 2024, changes in its board and officer compensation. The company filed an 8-K report detailing the departure of a director, the election of new directors, and adjustments to compensatory arrangements for certain officers. Additionally, the filing covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns corporate governance and administrative matters, with no immediate financial implications disclosed.
Key Players & Entities
- Esquire Financial Holdings, Inc. (company) — Registrant
- May 30, 2024 (date) — Date of report
- 100 Jericho Quadrangle, Suite 100, Jericho, New York 11753 (address) — Principal executive offices
- 516-535-2002 (phone_number) — Registrant's telephone number
FAQ
What specific items were discussed under 'Compensatory Arrangements of Certain Officers'?
The filing indicates that details regarding compensatory arrangements for certain officers are included, but the specific details are not elaborated upon in the provided text.
Who is the departing director?
The filing mentions the departure of a director but does not specify the name of the individual in the provided text.
What matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the nature of these matters is not detailed in the provided text.
What is the SIC code for Esquire Financial Holdings, Inc.?
The Standard Industrial Classification (SIC) code for Esquire Financial Holdings, Inc. is 6029, which corresponds to COMMERCIAL BANKS, NEC.
When is Esquire Financial Holdings, Inc.'s fiscal year end?
Esquire Financial Holdings, Inc.'s fiscal year ends on December 31.
Filing Stats: 797 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-05-30 17:04:10
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value ESQ The Nasdaq Stock Mark
Filing Documents
- form8k.htm (8-K) — 51KB
- 0000943374-24-000223.txt ( ) — 187KB
- esq-20240530.xsd (EX-101.SCH) — 4KB
- esq-20240530_lab.xml (EX-101.LAB) — 22KB
- esq-20240530_pre.xml (EX-101.PRE) — 16KB
- form8k_htm.xml (XML) — 4KB
07 Submission of Matters to a Vote of Securities Holders
Item 5.07 Submission of Matters to a Vote of Securities Holders The Annual Meeting of Stockholders of the Company was held on May 30, 2024. The matters listed below were submitted to a vote of the stockholders through the solicitation of proxies, and the proposals are described in detail in the Company's Definitive Proxy Statement for the Annual Meeting . Of the 8,292,789 shares outstanding and entitled to vote, 7,252,672 shares were present at the meeting in person or by proxy. The stockholders elected all of the nominees listed in Proposal 1, and approved Proposals 2, 3 and 4. The final results of the stockholders' vote are as follows: 1. Election of directors: For a three-year term For Withheld Broker Non-Votes Anthony Coelho 5,010,099 1,258,272 984,301 Richard T. Powers 5,207,857 1,060,514 984,301 Andrew C. Sagliocca 6,056,876 211,495 984,301 For a one-year term For Withheld Broker Non-Votes Rena Nigam 6,231,854 36,517 984,301 2. The approval of the Esquire Financial Holdings, Inc. 2024 Equity Incentive Plan: For Against Abstain Broker Non-votes 4,256,099 1,920,543 91,729 984,301 3. The approval of the ratification of the appointment of Crowe LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024: For Against Abstain Broker Non-votes 7,246,783 2,116 3,773 — 4. The approval of an advisory vote on executive compensation ("Say-on-Pay"): For Against Abstain Broker Non-votes 5,681,302 424,255 162,814 984,301
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a) No financial statements of businesses acquired are required. (b) No pro forma financial information is required. (c) Not Applicable. (d) Exhibits. 10.1 Esquire Financial Holdings, Inc. 2024 Equity Incentive Plan (incorporated by reference to Appendix A to the proxy statement for the Annual Meeting of Stockholders filed with the Securities and Exchange Commission on April 18, 2024 (File No. 001-38131)) 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. ESQUIRE FINANCIAL HOLDINGS, INC. Dated: May 30, 2024 By: /s/ Andrew C. Sagliocca Andrew C. Sagliocca Vice Chairman, Chief Executive Officer and President