Colony Bankcorp (NYSE: CBAN) backs board, pay plan, auditor
Rhea-AI Filing Summary
Colony Bankcorp, Inc. reported results of its annual shareholder meeting held on May 21, 2026. Shareholders owning 16,138,980 shares of common stock, or 76.22% of the 21,172,315 shares outstanding as of March 27, 2026, were represented, establishing a quorum.
All eight director nominees received between 13,313,557 and 13,883,640 votes in favor and were elected to serve until the 2027 annual meeting. Shareholders also approved the advisory say-on-pay resolution, with 13,368,357 votes for, 350,535 against and 240,647 abstentions.
Mauldin & Jenkins, LLC was ratified as independent registered public accounting firm for the year ended December 31, 2026, receiving 15,991,044 votes for, 143,300 against and 4,636 abstentions.
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 outstanding entitled to vote: 21,172,315 shares
Shares represented at meeting: 16,138,980 shares
Quorum percentage: 76.22%
+4 more
7 metrics
Shares outstanding entitled to vote
21,172,315 shares
Common stock outstanding as of March 27, 2026 record date
Shares represented at meeting
16,138,980 shares
Shares present in person or by proxy at annual meeting
Quorum percentage
76.22%
Portion of Colony Bankcorp common stock represented at meeting
Say-on-pay votes for
13,368,357 votes
Advisory approval of executive compensation plan
Say-on-pay votes against
350,535 votes
Advisory say-on-pay resolution opposition
Auditor ratification votes for
15,991,044 votes
Ratification of Mauldin & Jenkins, LLC for 2026
Highest director support
13,883,640 votes
Votes for director nominee Paul Joiner, III
Key Terms
quorum, broker non-votes, advisory “say on pay” resolution, independent registered public accounting firm, +1 more
5 terms
quorum financial
"constituting a quorum, were represented in person or by proxy at the Annual Meeting"
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
"including the votes cast for, against or withheld, as well as the number of abstentions and 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.
advisory “say on pay” resolution financial
"The approval of an advisory “say on pay” resolution supporting the compensation plan for the Company’s named executive officers"
independent registered public accounting firm financial
"The ratification of the appointment of Mauldin & Jenkins, LLC as the Company’s independent registered public accounting firm"
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.
record date financial
"As of March 27, 2026, the record date for the Annual Meeting, 21,172,315 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 Colony Bankcorp (CBAN) director nominees elected in 2026?
Yes, all eight director nominees were elected. Each received between 13,313,557 and 13,883,640 votes for, with relatively small numbers of votes withheld and 2,179,441 broker non-votes reported for each director position on the Colony Bankcorp board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
