SB Financial Group Shareholders Vote on Directors and Compensation
Ticker: SBFG · Form: 8-K · Filed: Apr 19, 2024 · CIK: 767405
| Field | Detail |
|---|---|
| Company | Sb Financial Group, Inc. (SBFG) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-meeting, corporate-governance, director-election, executive-compensation
TL;DR
SB Financial Group shareholders met April 17th to elect directors and approve executive pay. All proposals passed.
AI Summary
On April 17, 2024, SB Financial Group, Inc. held its annual meeting of shareholders where they voted on several matters. Key proposals included the election of two Class II directors, approval of executive compensation, and ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
Why It Matters
Shareholder votes on director elections and executive compensation are crucial for corporate governance and can signal investor confidence in the company's leadership and financial strategy.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting on shareholder meeting outcomes, which typically carries low risk.
Key Players & Entities
- SB FINANCIAL GROUP, INC (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Independent registered public accounting firm
- April 17, 2024 (date) — Date of shareholder meeting
- December 31, 2024 (date) — Fiscal year end for accounting firm ratification
FAQ
What were the main proposals voted on at the SB Financial Group shareholder meeting?
The main proposals included the election of two Class II directors, an advisory vote on executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
When was the shareholder meeting held?
The shareholder meeting was held on April 17, 2024.
Who was appointed as the independent registered public accounting firm?
PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm.
What is the fiscal year end for which the accounting firm was appointed?
The accounting firm was appointed for the fiscal year ending December 31, 2024.
What is the principal executive office address of SB Financial Group, Inc.?
The principal executive offices are located at 401 Clinton Street, Defiance, OH 43512.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-04-19 10:27:32
Filing Documents
- ea0204155-8k_sbfinancial.htm (8-K) — 36KB
- 0001213900-24-034320.txt ( ) — 204KB
- sbfg-20240417.xsd (EX-101.SCH) — 3KB
- sbfg-20240417_lab.xml (EX-101.LAB) — 33KB
- sbfg-20240417_pre.xml (EX-101.PRE) — 22KB
- ea0204155-8k_sbfinancial_htm.xml (XML) — 4KB
07. Submission of Matters to a vote of Security Holders
Item 5.07. Submission of Matters to a vote of Security Holders . The 2024 Annual Meeting of Shareholders (the "Annual Meeting") of SB Financial Group, Inc. ("SB Financial") was held on April 17, 2024, in Defiance, Ohio. At the close of business on the record date for the Annual Meeting (February 23, 2024), a total of 6,787,451 SB Financial common shares were outstanding and entitled to vote. A total of 5,109,290, or 75.27% of the outstanding common shares outstanding and entitled to vote, were represented in person or by proxy at the Annual Meeting. Provided below are the final voting results for the Annual Meeting. Proposal No. 1: The following directors were elected at the Annual Meeting for three-year terms expiring in 2027: Number of Votes For Withheld Broker Non-Votes George W. Carter 3,431,973 660,962 1,016,355 Tom R. Helberg 3,465,380 627,555 1,016,355 Rita A. Kissner 2,825,479 1,267,456 1,016,355 Proposal No. 2: Shareholders holding a majority of the SB Financial common shares represented in person or by proxy at the Annual Meeting approved Proposal No. 2, to ratify the appointment of FORVIS, LLP as the independent registered public accounting firm of SB Financial Group for the fiscal year ending December 31, 2024: Number of Votes For Against Broker Non-Votes Abstain 5,026,306 80,898 N/A 2,086 Proposal No. 3: Shareholders holding a majority of the SB Financial common shares represented in person or by proxy at the Annual Meeting approved Proposal No. 3, to consider and vote upon a non-binding advisory resolution to approve the compensation of SB Financial's named executive officers: Number of Votes For Against Broker Non-Votes Abstain 3,853,296 198,577 1,016,355 41,062 1 SIGNATURE 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. SB FINANCIAL GROUP, INC.