CTO Realty Growth (NYSE: CTO) investors approve directors, pay and equity plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
CTO Realty Growth, Inc. held its 2026 Annual Meeting of Stockholders on June 17, 2026. Stockholders elected six directors — John P. Albright, George R. Brokaw, Christopher J. Drew, Laura M. Franklin, R. Blakeslee Gable and Christopher W. Haga — to serve until the 2027 annual meeting.
They also ratified Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 25,089,398 votes for, 516,220 against and 203,876 abstentions. In addition, stockholders approved, on a non-binding advisory basis, the Say-on-Pay compensation vote and approved the Sixth Amended and Restated 2010 Equity Incentive Plan, replacing the prior Fifth plan.
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
Albright director votes for: 19,004,020 votes
Brokaw director votes for: 17,368,313 votes
Auditor ratification votes for: 25,089,398 votes
+3 more
6 metrics
Albright director votes for
19,004,020 votes
Election of John P. Albright as director
Brokaw director votes for
17,368,313 votes
Election of George R. Brokaw as director
Auditor ratification votes for
25,089,398 votes
Ratification of Grant Thornton LLP for fiscal 2026
Say-on-Pay votes for
18,569,289 votes
Non-binding advisory vote on executive compensation
Equity plan approval votes for
18,200,389 votes
Approval of Sixth Amended and Restated 2010 Equity Incentive Plan
Broker non-votes on proposals
6,648,270 votes
Non-routine items including directors, Say-on-Pay, equity plan
Key Terms
Say-on-Pay Vote, broker non-votes, independent registered public accounting firm, Sixth Amended and Restated 2010 Equity Incentive Plan, +1 more
5 terms
Say-on-Pay Vote financial
"approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers (the “Say-on-Pay Vote”)"
A say-on-pay vote is a shareholder advisory vote on a company’s executive compensation package, usually held at the annual meeting to approve or voice disapproval of how top managers are paid. Think of it as a feedback button for owners: while the vote is often nonbinding, a strong negative outcome warns of governance problems, can force pay-policy changes, damage board credibility and ultimately influence long-term shareholder returns.
broker non-votes financial
"FOR | AGAINST | ABSTAIN | BROKER NON-VOTES 18,569,289 | 427,622 | 164,314 | 6,648,270"
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
"ratified the appointment of Grant Thornton LLP 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.
Sixth Amended and Restated 2010 Equity Incentive Plan financial
"approved the CTO Realty Growth, Inc. Sixth Amended and Restated 2010 Equity Incentive Plan, replacing the Company’s Fifth Amended and Restated 2010 Equity Incentive Plan"
non-binding advisory basis financial
"approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
FAQ
What did CTO (CTO) stockholders approve at the 2026 Annual Meeting?
Stockholders approved all proposals, including electing six directors, ratifying Grant Thornton LLP as auditor for 2026, a non-binding Say-on-Pay vote on executive compensation, and the Sixth Amended and Restated 2010 Equity Incentive Plan replacing the prior Fifth plan.
Was CTO (CTO) auditor Grant Thornton LLP ratified for fiscal 2026?
Yes, stockholders ratified Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 25,089,398 votes for, 516,220 against, and 203,876 abstentions, indicating broad support for the company’s chosen auditor.
What happened with CTO (CTO) 2010 Equity Incentive Plan at the 2026 meeting?
Shareholders approved the CTO Realty Growth, Inc. Sixth Amended and Restated 2010 Equity Incentive Plan, replacing the Fifth Amended and Restated 2010 Equity Incentive Plan. The plan received 18,200,389 votes for, 848,986 against, 111,850 abstentions, and 6,648,270 broker non-votes.
How many broker non-votes occurred on CTO (CTO) non-routine items?
For the director elections, Say-on-Pay vote, and equity incentive plan proposal, there were 6,648,270 broker non-votes on each item. Broker non-votes arise when brokers lack discretionary authority to vote on certain proposals without client instructions.