Shareholders at CTS (NYSE: CTS) annual meeting approve directors, pay and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
CTS Corporation reported the results of its Annual Meeting of Shareholders held on May 14, 2026. Shareholders elected all eight director nominees, each receiving over 24.6 million votes in favor with relatively few votes against or abstentions and broker non-votes recorded.
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 25,021,506 votes for, 655,182 against, 16,750 abstentions, and 825,870 broker non-votes. In addition, they ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026, by 25,989,929 votes for, 522,284 against, and 7,095 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
Votes for Donna M. Costello: 25,587,200 votes
Votes for executive compensation: 25,021,506 votes
Votes against executive compensation: 655,182 votes
+3 more
6 metrics
Votes for Donna M. Costello
25,587,200 votes
Election as director at 2026 annual meeting
Votes for executive compensation
25,021,506 votes
Non-binding advisory approval of named executive officers’ pay
Votes against executive compensation
655,182 votes
Non-binding advisory vote on pay
Broker non-votes on say-on-pay
825,870 votes
Executive compensation advisory proposal
Votes for auditor ratification
25,989,929 votes
Grant Thornton LLP ratified for year ending December 31, 2026
Votes against auditor ratification
522,284 votes
Grant Thornton LLP appointment
Key Terms
broker non-votes, non-binding advisory basis, named executive officers, independent registered public accounting firm, +1 more
5 terms
broker non-votes financial
"NUMBER OF 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.
non-binding advisory basis financial
"Approval, on a non-binding advisory basis, of the compensation"
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.
named executive officers financial
"compensation of our named executive officers as described in the Proxy Statement"
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
"Grant Thornton, LLP 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.
FAQ
How many broker non-votes were recorded on CTS (CTS) proposals requiring them?
Broker non-votes were reported on director elections and the advisory say-on-pay proposal. For the say-on-pay item, there were 825,870 broker non-votes, with the same broker non-vote figure appearing for each of the eight director nominees listed.