Bogota Financial sets annual say-on-pay schedule
Bogota Financial Corp. reported board determinations following a shareholder advisory vote on how often to hold say-on-pay votes.
Rhea-AI Filing Summary
Bogota Financial Corp. reported board determinations following a shareholder advisory vote on how often to hold say-on-pay votes. At the May 14, 2026 Annual Meeting, stockholders cast a Say-on-Pay Frequency Vote and, on a non-binding basis, expressed a preference for a three-year cycle. The board had recommended, and after considering this feedback has decided to maintain, an annual advisory vote on the compensation of named executive officers, which it states it believes is in the best interests of the company and stockholders. The next advisory vote on executive compensation, and another Say-on-Pay Frequency Vote, are expected at the 2027 Annual Meeting of Stockholders.
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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
Annual Meeting date: May 14, 2026
Proxy statement date: April 9, 2026
Next advisory vote year: 2027
3 metrics
Annual Meeting date
May 14, 2026
Date of the Annual Meeting of Stockholders where the Say-on-Pay Frequency Vote occurred
Proxy statement date
April 9, 2026
Date of the definitive proxy statement for the 2026 Annual Meeting
Next advisory vote year
2027
Year of the next planned advisory vote on executive compensation and frequency vote
Key Terms
Say-on-Pay Frequency Vote, advisory (non-binding) vote, named executive officers, definitive proxy statement
4 terms
Say-on-Pay Frequency Vote regulatory
"stockholders were asked to cast an advisory ... Say-on-Pay Frequency Vote"
advisory (non-binding) vote regulatory
"stockholders were asked to cast an advisory (non-binding) vote on the frequency"
named executive officers financial
"advisory votes on the compensation of its named executive officers"
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
"As disclosed in the Company’s definitive proxy statement for the Annual Meeting"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What governance decision did Bogota Financial Corp. (BSBK) disclose?
Bogota Financial Corp.’s board decided to hold advisory votes on executive compensation every year. This follows a Say-on-Pay Frequency Vote in which stockholders expressed a three-year preference, but the board kept its original annual recommendation as in the company’s 2026 proxy.
How often will Bogota Financial (BSBK) hold say-on-pay votes?
Bogota Financial plans to hold advisory say-on-pay votes every year. The board determined to continue annual votes on named executive officer compensation, stating this approach is currently in the best interests of the company and its stockholders despite a three-year shareholder preference.
What frequency did Bogota Financial (BSBK) stockholders prefer in the Say-on-Pay Frequency Vote?
Stockholders expressed a preference, on an advisory and non-binding basis, for say-on-pay votes every three years. They chose this option in the Say-on-Pay Frequency Vote held at the May 14, 2026 Annual Meeting, where they could select one, two, or three-year intervals.
When was Bogota Financial’s 2026 Annual Meeting of Stockholders held?
Bogota Financial’s 2026 Annual Meeting of Stockholders was held on May 14, 2026. At this meeting, stockholders voted on several matters, including an advisory Say-on-Pay Frequency Vote regarding how often the company should hold votes on named executive officer compensation.
When is Bogota Financial (BSBK) expecting its next say-on-pay and frequency votes?
The next advisory vote on executive compensation is expected at the 2027 Annual Meeting of Stockholders. At that meeting, Bogota Financial also anticipates holding another Say-on-Pay Frequency Vote to again solicit stockholder input on the preferred voting interval.
What did Bogota Financial’s proxy statement recommend for say-on-pay frequency?
The definitive proxy statement dated April 9, 2026 recommended annual say-on-pay votes. The board later confirmed it would follow this annual schedule, even after stockholders expressed an advisory preference for a three-year frequency at the May 14, 2026 Annual Meeting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
