CoastalSouth Bancshares (NYSE: COSO) 2026 shareholder voting outcomes
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
CoastalSouth Bancshares, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Of 11,853,258 common shares outstanding as of the record date, 8,894,030 shares were represented, meaning 75.79% of eligible shares were present in person or by proxy, establishing a quorum.
Shareholders elected eleven directors to one-year terms ending at the 2027 annual meeting. Support varied by nominee, with votes for ranging from 5,927,906 to 7,846,482 and broker non-votes of 1,132,351 for each director. Shareholders also ratified the appointment of Elliott Davis, LLC as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 8,979,430 votes for and 4,600 against.
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: 11,853,258 shares
Shares represented: 8,894,030 shares
Meeting participation: 75.79%
+4 more
7 metrics
Shares outstanding
11,853,258 shares
Voting common stock outstanding as of the record date
Shares represented
8,894,030 shares
Represented in person or by proxy at the 2026 annual meeting
Meeting participation
75.79%
Percentage of outstanding common shares entitled to vote represented at the meeting
Top director support
7,846,482 votes for
Votes for director nominee Joseph V. Topper, Jr.
Lowest director support
5,927,906 votes for
Votes for director nominee Michael B. High
Auditor ratification for votes
8,979,430 votes for
Ratification of Elliott Davis, LLC for fiscal year ending December 31, 2026
Auditor ratification against votes
4,600 votes against
Opposing votes on ratification of Elliott Davis, LLC
Key Terms
quorum, broker non-votes, independent registered public accounting firm, Annual Meeting of Shareholders
4 terms
quorum financial
"were represented in person or by proxy at the Annual Meeting, constituting a quorum."
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
"Votes Withheld | | | Broker Non-Votes | -------------------------------------------------------------------------- James S. MacLeod"
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
"To ratify the appointment of Elliott Davis, LLC 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.
