Avidbank Holdings (NASDAQ: AVBH) details 2026 director elections and auditor ratification
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Avidbank Holdings, Inc. reported the results of its 2026 Annual Meeting of Shareholders. As of the March 27, 2026 record date, there were 10,955,167 common shares outstanding and entitled to vote. A total of 8,713,597 shares were represented in person or by proxy, establishing a quorum under the company’s bylaws.
Shareholders elected ten directors to serve until the 2027 annual meeting or until successors are elected and qualified. Shareholders also ratified the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 8,693,714 votes for and 19,883 votes against. No other matters were submitted for shareholder action.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
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.
Key Figures
Shares entitled to vote: 10,955,167 shares
Shares present at meeting: 8,713,597 shares
Auditor ratification votes for: 8,693,714 votes
+3 more
6 metrics
Shares entitled to vote
10,955,167 shares
Common stock outstanding as of March 27, 2026 record date
Shares present at meeting
8,713,597 shares
Common stock represented in person or by proxy at 2026 meeting
Auditor ratification votes for
8,693,714 votes
Ratification of Crowe LLP for fiscal year ending December 31, 2026
Auditor ratification votes against
19,883 votes
Ratification of Crowe LLP for fiscal year ending December 31, 2026
Director Deutsch votes for
8,141,072 votes
Election of director nominee James F. Deutsch
Broker non-votes per director
571,308 votes
Broker non-votes reported for each director election proposal
Key Terms
quorum, broker non-votes, independent registered public accounting firm, proxy statement, +1 more
5 terms
quorum financial
"which constituted a quorum for the 2026 Annual Meeting pursuant to the Company’s Third Amended and Restated Bylaws"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
broker non-votes financial
"Name | Votes For | Votes Withheld | Broker Non-Votes"
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.
independent registered public accounting firm financial
"ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
proxy statement financial
"described in detail in the Company’s proxy statement, filed with the Securities and Exchange Commission on April 7, 2026"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.
record date financial
"As of March 27, 2026, the record date for the 2026 Annual Meeting, there were 10,955,167 shares"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
Were all Avidbank Holdings (AVBH) director nominees elected at the 2026 annual meeting?
Yes. Each of the ten director nominees received sufficient votes and was elected to serve until the 2027 annual meeting, or until a successor is duly elected and qualified, or earlier resignation or removal, according to the reported voting results.
What were typical vote levels for Avidbank (AVBH) director nominees in 2026?
Director nominees generally received over 8.13 million votes for, with only a few thousand votes withheld and 571,308 broker non-votes for each nominee. This pattern indicates broad shareholder support across the full slate of ten directors presented.
Did Avidbank (AVBH) address any other proposals at the 2026 annual meeting?
No. The reported items were limited to electing ten directors and ratifying the appointment of Crowe LLP as independent auditor. The company stated that no other matters were submitted for shareholder action at the 2026 annual meeting of shareholders.