AmBase shareholders back pay and elect director
AmBase Corporation reported the results of its annual meeting of stockholders held on May 27, 2026.
Rhea-AI Filing Summary
AmBase Corporation reported the results of its annual meeting of stockholders held on May 27, 2026. Stockholders elected director Richard A. Bianco to a three-year term, with 50,116,832 votes for and 493,462 votes withheld, and no broker non-votes.
In a separate non-binding advisory vote, stockholders approved the compensation of the company’s named executive officers as described in the 2026 Proxy Statement, with 48,423,126 votes for, 1,989,983 against, 197,335 abstentions, and no broker non-votes. The terms of directors Richard A. Bianco, Jr., Alessandra F. Bianco and Scott M. Salant continued after the meeting.
Positive
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8-K Event Classification
2 items: 5.07, 9.01
2 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Votes for director nominee: 50,116,832 shares
Votes withheld for director nominee: 493,462 shares
Votes for executive compensation: 48,423,126 shares
+3 more
6 metrics
Votes for director nominee
50,116,832 shares
Election of Richard A. Bianco at May 27, 2026 meeting
Votes withheld for director nominee
493,462 shares
Election of Richard A. Bianco
Votes for executive compensation
48,423,126 shares
Non-binding advisory say-on-pay proposal
Votes against executive compensation
1,989,983 shares
Non-binding advisory say-on-pay proposal
Abstentions on executive compensation
197,335 shares
Non-binding advisory say-on-pay proposal
Broker non-votes on proposals
0 shares
Both director election and executive compensation proposals
Key Terms
non-binding advisory basis, broker non-votes, Named Executive Officers, definitive proxy statement, +1 more
5 terms
non-binding advisory basis financial
"A vote was taken for the approval, on a non-binding advisory basis, of the compensation of the Company’s Named Executive Officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
broker non-votes financial
"NOMINEE | FOR | WITHHELD | BROKER NON-VOTES Richard A. Bianco | 50,116,832 | 493,462 | 0"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Named Executive Officers financial
"compensation of the Company’s Named Executive Officers, as such compensation is described under the “Compensation Narrative”"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
definitive proxy statement regulatory
"The foregoing proposal(s) are described more fully in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Section 14(a) regulatory
"filed with the Securities and Exchange Commission on March 27, 2026, pursuant to Section14(a) of the Securities Act of 1934, as amended"
Section 14(a) is a U.S. securities law rule that governs proxy solicitations: the information companies and others must give shareholders when asking them to vote or consent on corporate matters. It requires clear disclosures in proxy statements and prohibits materially false or misleading statements, so shareholders get the facts they need to decide how to vote—like a voter guide that must be accurate and complete before an election.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AmBase Corporation (ABCP) stockholders decide at the May 27, 2026 annual meeting?
AmBase stockholders elected director Richard A. Bianco and approved executive compensation on an advisory basis. The meeting results confirm board continuity and support for the compensation program described in the company’s 2026 Proxy Statement filed on March 27, 2026.
How many votes did AmBase’s director nominee receive at the 2026 annual meeting?
Director nominee Richard A. Bianco received 50,116,832 votes for election and 493,462 votes withheld, with zero broker non-votes. He was elected to serve a three-year term and hold office until his successor is duly elected.
How did AmBase Corporation (ABCP) stockholders vote on executive compensation in 2026?
Stockholders approved AmBase’s named executive officer compensation on a non-binding advisory basis. The vote totaled 48,423,126 shares for, 1,989,983 against, 197,335 abstaining, and no broker non-votes, based on the compensation described in the 2026 Proxy Statement.
Which AmBase Corporation directors continued in office after the May 27, 2026 meeting?
After the 2026 annual meeting, the terms of directors Richard A. Bianco, Jr., Alessandra F. Bianco, and Scott M. Salant continued. Only the seat filled by Richard A. Bianco was subject to election for a new three-year term at this meeting.
What type of proposal was the AmBase executive compensation vote in 2026?
The 2026 AmBase executive compensation vote was a non-binding advisory proposal. Stockholders expressed approval or disapproval of the described compensation, but the vote does not itself change pay terms and serves as an advisory signal to the board of directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
