Shareholders at Cumberland (NASDAQ: CPIX) back board, auditor and pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Cumberland Pharmaceuticals Inc. reported the results of its annual shareholder meeting held in Nashville, Tennessee on April 21, 2026. Shareholders elected Class I directors Kenneth J. Krogulski and Caroline R. Young, each receiving over 98% of votes cast, with Krogulski supported by 9,561,336 votes and Young by 9,479,023 votes.
Shareholders also ratified the appointment of Carr, Riggs & Ingram, LLC as independent registered public accounting firm for the year ending December 31, 2026, with 12,714,116 votes in favor. An advisory vote approved the compensation of named executive officers, and another advisory vote indicated a strong preference to hold this say‑on‑pay vote every three years, supported by 7,844,848 votes.
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
Votes for Krogulski: 9,561,336 votes
Votes for Young: 9,479,023 votes
Auditor ratification support: 12,714,116 votes
+3 more
6 metrics
Votes for Krogulski
9,561,336 votes
Election of Class I director; 99.52% in favor
Votes for Young
9,479,023 votes
Election of Class I director; 98.66% in favor
Auditor ratification support
12,714,116 votes
Votes for Carr, Riggs & Ingram, LLC as 2026 auditor; 99.82% in favor
Say-on-pay approval votes
9,350,671 votes
Advisory approval of named executive officers’ compensation
Say-on-pay frequency: 3 years
7,844,848 votes
Advisory vote favoring say-on-pay every three years
Say-on-pay frequency: 1 year
1,733,309 votes
Advisory vote favoring annual say-on-pay
Key Terms
advisory vote, named executive officers, independent registered public accounting firm, frequency of the advisory vote
4 terms
advisory vote financial
"to provide shareholders an opportunity to participate in an advisory vote on executive compensation"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
named executive officers financial
"Provide advisory approval of the compensation of the Company's 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.
independent registered public accounting firm financial
"the appointment of Carr, Riggs & Ingram, LLC as our independent registered public accounting firm for the 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.
frequency of the advisory vote financial
"Provide advisory approval of the frequency of the advisory vote on the compensation of the Company’s named executive officers."
FAQ
How strongly were Cumberland Pharmaceuticals (CPIX) directors supported in the 2026 vote?
Kenneth J. Krogulski received 9,561,336 votes for and 46,137 withheld, or 99.52% in favor. Caroline R. Young received 9,479,023 votes for and 128,450 withheld, or 98.66% in favor, indicating broad shareholder support for both directors.