Sierra Bancorp shareholders back all 2026 proposals
Sierra Bancorp reported the results of its annual shareholder meeting held on May 20, 2026.
Rhea-AI Filing Summary
Sierra Bancorp reported the results of its annual shareholder meeting held on May 20, 2026. Shareholders elected all Class I director nominees, ratified the appointment of Forvis Mazars, LLP as independent auditor for 2026, and approved the advisory vote on executive compensation.
A total of 10,827,307 shares were represented and voting, equal to 82.69% of the 13,093,184 issued and outstanding shares entitled to vote. Support for each director ranged from 94.38% to 96.66% of votes cast, and 2,563,016 broker non-votes were recorded on the director and compensation items.
Ratification of Forvis Mazars, LLP received 10,629,321 votes for, 191,401 against, and 6,585 abstentions, representing 98.23% of shares voting on that proposal. The advisory vote on executive compensation received 7,881,291 votes for, 295,325 against, and 87,675 abstentions, with 96.38% of votes cast in favor.
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 represented: 10,827,307 shares
Turnout percentage: 82.69%
Shares outstanding entitled to vote: 13,093,184 shares
+5 more
8 metrics
Shares represented
10,827,307 shares
Represented and voting at the May 20, 2026 meeting
Turnout percentage
82.69%
Of 13,093,184 issued and outstanding shares entitled to vote
Shares outstanding entitled to vote
13,093,184 shares
Issued and outstanding shares entitled to vote at the meeting
Auditor ratification votes for
10,629,321 votes
Forvis Mazars, LLP as 2026 independent auditor
Auditor ratification support
98.23%
Percent of shares represented and voting on proposal 2
Say-on-pay votes for
7,881,291 votes
Advisory vote on executive compensation (proposal 3)
Say-on-pay support
96.38%
Percent of shares represented and voting on proposal 3
Broker non-votes
2,563,016 shares
Broker non-votes on director election and compensation items
Key Terms
broker non-votes, independent registered public accounting firm, advisory vote on executive compensation, emerging growth company, +1 more
5 terms
broker non-votes financial
"There were 2,563,016 broker non-votes received with respect to this item."
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
"The appointment of Forvis Mazars, LLP as the Company’s independent registered public accounting firm for 2026 was ratified"
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.
advisory vote on executive compensation financial
"item 3, advisory vote on executive compensation."
A non-binding shareholder vote allowing investors to approve or reject the pay packages and compensation policies for a company’s top executives. It matters because the outcome tells the board whether owners are satisfied with executive pay and can prompt changes in policy or leadership much like a customer survey prompts a company to adjust its product — signaled approval can support management credibility, while rejection may increase scrutiny and affect investor confidence.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
solicitation in opposition regulatory
"There was no solicitation in opposition to Management’s nominees for directorship"
FAQ
What were the vote results for Sierra Bancorp’s (BSRR) auditor ratification?
Ratification of Forvis Mazars, LLP as independent registered public accounting firm for 2026 received 10,629,321 votes for, 191,401 against, and 6,585 abstentions, with the affirmative votes representing 98.23% of shares voting on this proposal.
What level of support did Sierra Bancorp (BSRR) directors receive in the 2026 election?
Each Class I director nominee received between 7,800,052 and 7,988,990 votes for, with support ranging from 94.38% to 96.66% of votes cast “for.” There were also 2,563,016 broker non-votes recorded on this election item.
AI-generated analysis. How Rhea-AI works. Not financial advice.
