VERSABANK ANNOUNCES THE RESULTS OF ITS 2026 MEETING OF SHAREHOLDERS

VersaBank (TSX: VBNK) reported results of its Annual and Special Meeting held April 8, 2026 in London, Ontario.

Rhea-AI Summary

VersaBank (TSX: VBNK) reported results of its Annual and Special Meeting held April 8, 2026 in London, Ontario. All director nominees named in the March 9, 2026 circular were elected, with individual vote percentages ranging from 98.07% to 99.81% in favour.

Shareholders approved the appointment of Ernst & Young LLP as auditors and an administrative by-law amendment permitting the roles of President and Chief Executive Officer to be held by separate individuals. Voting results will be filed on SEDAR+ and EDGAR.

Argus Apr 9 session

+9.94% close to close Open Argus

Details

News Market Reaction – VBNK

On Apr 9, the day this news came out, VBNK closed 9.94% above the previous close.

Data tracked by StockTitan Argus for the Apr 9 session.

Key Figures

Votes for Frank Newbould: 10,971,287 votes Support for Frank Newbould: 98.55% Support for Robbert-Jan Brabander: 99.55% +5 more

Votes for Frank Newbould

10,971,287 votes

In favour at 2026 Annual and Special Meeting

Support for Frank Newbould

98.55%

Percentage of votes cast in favour

Support for Robbert-Jan Brabander

99.55%

Percentage of votes cast in favour

Votes for Richard Jankura

11,111,627 votes

In favour at 2026 Annual and Special Meeting

Support for Richard Jankura

99.81%

Percentage of votes cast in favour

Votes for David R. Taylor

11,086,908 votes

In favour at 2026 Annual and Special Meeting

Support for David R. Taylor

99.59%

Percentage of votes cast in favour

Meeting date

April 8, 2026

Date of 2026 Annual and Special Meeting of Shareholders

Historical Context

5 past events · Latest: Mar 25

5 events

1. Mar 25

   Meeting logistics

   24h Move

   +0.9%

   Announcement of date, time and format for 2026 annual meeting.

2. Mar 24

   Branch sale

   24h Move

   +1.2%

   Sale of only U.S. retail branch to support branchless digital model.

3. Mar 17

   Tokenized deposits tech

   24h Move

   -1.1%

   FX functionality and enhancements for Real Bank Tokenized Deposits.

4. Mar 04

   Dividend declaration

   24h Move

   -7.6%

   Quarterly cash dividend of CAD $0.025 per common share announced.

5. Mar 04

   Earnings results

   24h Move

   -7.6%

   Record Q1 2026 revenue, net income, and adjusted net income growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

management information circular, annual and special meeting of shareholders, sedar+, edgar

4 terms

management information circular regulatory

"Each of the director nominees listed in VersaBank's Management Information Circular dated March 9, 2026..."

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

annual and special meeting of shareholders regulatory

"reports the results of its 2026 Annual and Special Meeting of Shareholders..."

A combined reference to the regular yearly gathering where shareholders vote on routine business (annual meeting) and any extra meetings called to decide urgent or specific matters (special meeting). Think of the annual meeting as the company’s yearly check-in and the special meeting as a quick boardroom session called when something important requires shareholder approval; both matter because they determine leadership, major policy, and actions that can change a stock’s value.

sedar+ regulatory

"Voting Results... will be filed on SEDAR+ at www.sedarplus.ca and EDGAR..."

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

edgar regulatory

"Voting Results... will be filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar."

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LONDON, ON, April 9, 2026 /PRNewswire/ - VersaBank (TSX: VBNK) (NASDAQ: VBNK) ("VersaBank" or the "Bank") reports the results of its 2026 Annual and Special Meeting of Shareholders (the "Meeting") held in London, Ontario on April 8, 2026.

Each of the director nominees listed in VersaBank's Management Information Circular dated March 9, 2026, were elected as directors of the Bank. The detailed results of the vote are as follows, with percentages rounded to two decimal places:

Director		Number of Votes Cast	Percentage of Votes Cast
The Honourable Frank Newbould	In Favour: Withheld:	10,971,287 161,216	98.55   % 1.45  %
Robbert-Jan Brabander	In Favour: Withheld:	11,082,921 49,582	99.55  % 0.45  %
David A. Bratton	In Favour: Withheld:	11,002,166 130,336	98.83  % 1.17  %
Gabrielle Bochynek	In Favour:	11,021,423	99.00 %
	Withheld:	111,080	1.00 %
Peter M. Irwin	In Favour:	11,001,809	98.83 %
	Withheld:	130,694	1.17 %
Richard Jankura	In Favour	11,111,627	99.81 %
	Withheld:	20,876	0.19 %
Arthur Linton	In Favour: Withheld:	11,002,167 130,336	98.83  % 1.17 %
Susan T. McGovern	In Favour: Withheld:	10,917,136 215,366	98.07  % 1.93  %
Scott Verity	In Favour: Withheld:	11,099,367 33,136	99.70  % 0.30  %
David R. Taylor	In Favour: Withheld:	11,086,908 45,595	99.59  % 0.41   %

At the Meeting, the Shareholders also approved the appointment of Ernst & Young LLP as auditors of the Bank and an administrative by-law amendment to allow for the roles of President and Chief Executive Officer to be held by separate individuals.

VersaBank's Voting Results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.

ABOUT VERSABANK

VersaBank is a North American bank with a difference.  Federally chartered in both Canada and the U.S., VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its funding activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity.  In August 2024, VersaBank launched its unique Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the underserved multi-trillion-dollar U.S. market.  VersaBank also owns Minnesota-based DRT Cyber Inc., a North American leader in the provision of cyber security services to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities.  Through DRT Cyber Inc., VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the Bank's revolutionary and proprietary Real Bank Tokenized Deposits^TM.

VersaBank's common shares trade on the Toronto Stock Exchange and NASDAQ under the symbol VBNK.

Visit our website at: www.versabank.com

Follow VersaBank on Facebook, Instagram, LinkedIn and X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/versabank-announces-the-results-of-its-2026-meeting-of-shareholders-302738203.html

SOURCE VersaBank

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was elected to the board of VersaBank (VBNK) at the April 8, 2026 meeting?

All director nominees listed in the March 9, 2026 management circular were elected. According to VersaBank, each nominee received strong support, with individual in‑favour vote percentages reported between 98.07% and 99.81%.

What auditor appointment did VersaBank (VBNK) shareholders approve on April 8, 2026?

Shareholders approved the appointment of Ernst & Young LLP as auditors. According to VersaBank, the appointment was ratified at the Annual and Special Meeting and will be reflected in the company’s regulatory filings.

What change to VersaBank's governance was approved at the April 8, 2026 meeting?

An administrative by-law amendment was approved to allow separate President and CEO roles. According to VersaBank, this amendment permits the two positions to be held by different individuals going forward.

Where will VersaBank (VBNK) file the detailed voting results from April 8, 2026?

VersaBank will file voting results on SEDAR+ and EDGAR. According to VersaBank, full Voting Results for all matters voted upon will be available at www.sedarplus.ca and www.sec.gov/edgar.

What were the vote percentages for VersaBank (VBNK) director elections at the April 8, 2026 meeting?

Individual directors received between 98.07% and 99.81% in favour. According to VersaBank, detailed vote counts and percentages for each nominee are included in the meeting results.