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Cambium Networks (CMBMF) investors approve reverse split, directors and pay

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cambium Networks Corporation reported results of its annual shareholder meeting, where all seven management proposals were approved. Shareholders re-elected five directors, ratified BDO USA, P.C. as auditor for the year ending December 31, 2026, and approved executive compensation on an advisory basis.

Holders of 23,074,367 ordinary shares, representing about 79.48% of the 29,032,896 shares outstanding as of May 15, 2026, were present in person or by proxy. Shareholders favored holding future say-on-pay advisory votes every three years and approved a reverse share split, along with related amendments to the Memorandum and Articles of Association, including authority for the board to handle fractional shares.

Positive

  • None.

Negative

  • None.

Insights

All proposals passed, including reverse split and governance amendments.

Cambium Networks Corporation secured shareholder approval for its full slate of proposals at the annual meeting. This includes re-election of both Class III and Class I directors, auditor ratification, and advisory support for named executive officer compensation.

The advisory vote on frequency showed strong preference for a three-year say-on-pay cycle, with over 15.3 million votes for a triennial schedule. Governance-related items around a reverse share split also passed, giving the board flexibility to implement a split and manage fractional shares through amendments to the Memorandum and Articles of Association.

Approval of the reverse share split and related amendments provides the board with tools to adjust the share structure, while the high quorum of approximately 79.48% indicates active shareholder participation. Future company disclosures will determine if and how the board uses this authorization.

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, and exhibit attachments filed with this report.
Shares outstanding record date 29,032,896 shares Ordinary shares outstanding as of May 15, 2026
Shares represented at meeting 23,074,367 shares Approximately 79.48% of outstanding ordinary shares
Reverse split approval votes 20,377,197 for; 1,154,911 against; 1,542,259 abstain Proposal 5 reverse share split vote
Say-on-pay votes 16,123,519 for; 438,677 against Advisory executive compensation vote, with 28,592 abstain
Say-on-frequency 3-year votes 15,316,241 votes Preference for triennial say-on-pay advisory vote
Auditor ratification votes for 22,368,200 votes Ratification of BDO USA, P.C. for 2026
Fractional Share Amendment votes 16,210,876 for; 343,731 against Proposal 6 amendment on fractional shares
RSS Amendment votes for 21,811,250 votes Proposal 7 amendment to reflect reverse share split ratio
reverse share split financial
"On Proposal 5, the approval of a reverse share split, the Company's shareholders cast their votes as follows"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
say-on-pay financial
"to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers (the “say-on-pay”)"
A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.
say-on-frequency financial
"the frequency (every year, every two years or every three years) of future advisory votes on the compensation of the Company's named executive officers (the “say-on-frequency”)"
broker non-vote financial
"For | | Against | | Withheld/Abstain | | Broker Non-Vote 16,123,519 | | 438,677 | | 28,592 | | 6,483,579"
Memorandum and Articles of Association regulatory
"to approve an amendment to the Company's Memorandum and Articles of Association to grant its board of directors the power to deal with any fractional shares"
Memorandum and articles of association are the founding legal documents of a company: the memorandum sets out the company’s basic purpose and scope, while the articles act as its internal rulebook detailing how the company is run, who has what powers, and how decisions are made. For investors these documents matter because they define ownership rights, voting rules, limits on activities, and procedures for major changes—like a contract and rulebook that determine how their investment can be used and protected.
Fractional Share Amendment financial
"the “Fractional Share Amendment” (“Proposal 6”)"
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false0001738177CAMBIUM NETWORKS CORPNONE00017381772026-06-252026-06-25

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 25, 2026

 

 

CAMBIUM NETWORKS CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

Cayman Islands

001-38952

00-0000000

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

c/o Cambium Networks, Inc.

2000 Center Drive, Suite East A401

 

Hoffman Estates, Illinois

 

60192

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 345 814-7600

 

N/A

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Ordinary shares, $0.0001 par value

 

CMBMF

 

N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

Cambium Networks Corporation, an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Company”), held its annual general meeting of shareholders (the “Annual Meeting”) on June 25, 2026 in a virtual-only format. As of May 15, 2026, the record date for the Annual Meeting, there were outstanding 29,032,896 shares of the Company’s ordinary shares. At the Annual Meeting, there were present, in person or by proxy, holders of 23,074,367 ordinary shares, or approximately 79.48% of the total outstanding ordinary shares entitled to vote at the Annual Meeting, which constituted a quorum for the transaction of business. The Company’s shareholders voted on the following matters, which are described in detail in the Company’s Definitive Proxy Statement filed with the U.S. Securities and Exchange Commission (“SEC”) on May 22, 2026: (i) to elect two Class III directors of the Company, Bruce Felt and Kevin Lynch, each to serve for a two-year term expiring at the Company’s annual meeting of shareholders in 2028 and until their successors have been duly elected and qualified, subject to their earlier death, resignation or removal and three Class I directors of the Company, Atul Bhatnagar, Alexander Slusky and Morgan Kurk, each to serve for a three-year term expiring at the Company's annual meeting of shareholders in 2029 and until their successors have been duly elected and qualified, subject to their earlier death, resignation or removal (“Proposal 1”), (ii) to ratify the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 (“Proposal 2”), (iii) to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers (the “say-on-pay”) (“Proposal 3”), (iv) to approve, on a non-binding, advisory basis, the frequency (every year, every two years or every three years) of future advisory votes on the compensation of the Company's named executive officers (the “say-on-frequency”) (“Proposal 4”), (v) to approve a reverse share split (“Proposal 5”), (vi) to approve an amendment to the Company's Memorandum and Articles of Association to grant its board of directors the power to deal with any fractional shares resulting from a consolidation or division of the Company's share capital (the “Fractional Share Amendment”) (“Proposal 6”), and (vii) to approve of an amendment to the Company's Memorandum and Articles of Association to reflect the reverse share split in accordance with the reverse share split ratio selected by the board of directors (the “RSS Amendment”) (“Proposal 7”).

On Proposal 1, the election of two Class III directors, and three Class I directors, the Company's shareholders cast their votes as follows:

Class III Director Nominee

 

For

 

Withheld

 

Broker Non-Vote

Bruce Felt

 

16,177,072

 

413,716

 

6,483,579

Kevin Lynch

 

16,183,267

 

407,521

 

6,483,579

 

 

 

 

 

 

 

Class I Director Nominee

 

For

 

Withheld

 

Broker Non-Vote

Atul Bhatnagar

 

16,128,859

 

461,929

 

6,483,579

Alexander Slusky

 

16,419,876

 

170,912

 

6,483,579

Morgan Kurk

 

16,139,012

 

451,776

 

6,483,579

On Proposal 2, the ratification of the appointment of BDO USA, P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2026, the Company's shareholders cast their votes as follows:

For

 

Against

 

Abstain

22,368,200

 

663,364

 

42,803

On Proposal 3, the approval, on a non-binding, advisory basis, the compensation of the Company's named executive officers (the “say-on-pay”), the Company's shareholders cast their votes as follows:

For

 

Against

 

Withheld/Abstain

 

Broker Non-Vote

16,123,519

 

438,677

 

28,592

 

6,483,579

On Proposal 4, the approval, on a non-binding, advisory basis, the frequency (every year, every two years or every three years) of future advisory votes on the compensation of the Company's named executive officers (the “say-on-frequency”), the Company's shareholders cast their votes as follows:

1 Year

 

2 Years

 

3 Years

 

Withheld/Abstain

 

Broker Non-Vote

593,405

 

571,828

 

15,316,241

 

109,314

 

6,483,579

On Proposal 5, the approval of a reverse share split, the Company's shareholders cast their votes as follows:

For

 

Against

 

Withheld/Abstain

20,377,197

 

1,154,911

 

1,542,259

 


On Proposal 6, the approval of an amendment to the Company's Memorandum and Articles of Association to grant its board of directors the power to deal with any fractional shares resulting from a consolidation or division of the Company's share capital (the “Fractional Share Amendment”), the Company's shareholders cast their votes as follows:

For

 

Against

 

Withheld/Abstain

 

Broker Non-Vote

16,210,876

 

343,731

 

36,181

 

6,483,579

On Proposal 7, the approval of an amendment to the Company's Memorandum and Articles of Association to reflect the reverse share split in accordance with the reverse share split ratio selected by the board of directors (the “RSS Amendment”), the Company's shareholders cast their votes as follows:

For

 

Against

 

Withheld/Abstain

21,811,250

 

1,060,757

 

202,360

No other matters were submitted to or voted on by the Company's shareholders at the Annual Meeting.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.

Description

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

CAMBIUM NETWORKS CORPORATION

 

 

 

 

Date:

June 26, 2026

By:

 /s/ Sally Rau

 

 

Name:

Title:

 Sally Rau
 Chief Legal Officer

 


FAQ

What did Cambium Networks (CMBMF) shareholders approve at the 2026 annual meeting?

Shareholders approved all seven proposals at the 2026 annual meeting. This included electing five directors, ratifying BDO USA, P.C. as auditor, approving say-on-pay and say-on-frequency, and authorizing a reverse share split with related amendments to the Memorandum and Articles of Association.

How many Cambium Networks (CMBMF) shares were represented at the annual meeting?

Shareholders representing 23,074,367 ordinary shares were present or represented. These shares accounted for approximately 79.48% of the 29,032,896 Cambium Networks ordinary shares outstanding as of the May 15, 2026 record date, satisfying quorum requirements for conducting business.

What reverse share split actions did Cambium Networks (CMBMF) shareholders approve?

Shareholders approved a reverse share split and related charter amendments. They authorized the reverse split itself, granted the board power to deal with fractional shares from any consolidation or division, and approved an amendment to reflect the final reverse split ratio chosen by the board.

How did Cambium Networks (CMBMF) shareholders vote on executive compensation?

Shareholders approved executive compensation on an advisory basis. The say-on-pay proposal received 16,123,519 votes for, 438,677 against, and 28,592 withheld or abstaining, with 6,483,579 broker non-votes, indicating overall support for the company’s named executive officer pay program.

What say-on-frequency preference did Cambium Networks (CMBMF) shareholders express?

Shareholders favored a three-year say-on-pay frequency. The triennial option received 15,316,241 votes, compared with 593,405 for one year and 571,828 for two years, plus 109,314 withheld or abstaining and 6,483,579 broker non-votes in the frequency vote.

Which auditor did Cambium Networks (CMBMF) shareholders ratify for 2026?

Shareholders ratified BDO USA, P.C. as the 2026 independent auditor. The ratification received 22,368,200 votes for, 663,364 against, and 42,803 abstaining, appointing BDO USA, P.C. as Cambium Networks’ independent registered public accounting firm for the year ending December 31, 2026.

Filing Exhibits & Attachments

1 document