CVB Financial (NASDAQ: CVBF) shareholders approve directors, 2025 pay and KPMG
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
CVB Financial Corp. held its 2026 Annual Meeting of Shareholders on May 20, 2026. Shareholders elected ten directors, each to serve a one-year term ending at the 2027 annual meeting or until a successor is elected and qualified. Director nominees received between 94,760,819 and 96,124,336 votes for, with broker non-votes of 15,839,830 on each election.
Shareholders approved, on a non-binding advisory basis, the compensation of the company’s named executive officers for 2025, with 92,116,229 votes for and 6,455,002 against. They also ratified the Audit Committee’s appointment of KPMG LLP as independent registered public accounting firm for 2026, with 114,187,433 votes for and 403,538 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
Highest director votes for: 96,124,336 votes
Lowest director votes for: 94,760,819 votes
Broker non-votes on director elections: 15,839,830
+4 more
7 metrics
Highest director votes for
96,124,336 votes
Votes for Julianne Biagini-Komas, Proposal 1
Lowest director votes for
94,760,819 votes
Votes for Hal W. Oswalt, Proposal 1
Broker non-votes on director elections
15,839,830
Each Proposal 1 director item
Say-On-Pay votes for
92,116,229 votes
2025 executive compensation advisory vote, Proposal 2
Say-On-Pay votes against
6,455,002 votes
2025 executive compensation advisory vote, Proposal 2
Auditor ratification votes for
114,187,433 votes
KPMG LLP ratification for 2026, Proposal 3
Auditor ratification votes against
403,538 votes
KPMG LLP ratification for 2026, Proposal 3
Key Terms
Say-On-Pay, broker non-votes, independent registered public accounting firm, Annual Meeting of Shareholders
4 terms
Say-On-Pay financial
"A Non-binding Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers for 2025 (“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.
broker non-votes financial
"Votes For | Votes Against | Votes Abstained | 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.
independent registered public accounting firm financial
"Appointment of the Company’s Independent Registered Public Accounting Firm for 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.
FAQ
How did CVB Financial Corp. (CVBF) vote on director elections in 2026?
Ten directors were elected for one-year terms ending at the 2027 annual meeting. Each nominee received over 94 million votes for, with broker non-votes of 15,839,830 reported on each director election, reflecting strong shareholder backing of the existing board slate.
Was CVB Financial Corp.’s 2025 executive compensation (Say-On-Pay) approved?
Yes, the advisory Say-On-Pay proposal for 2025 compensation was approved with 92,116,229 votes for and 6,455,002 against. There were 284,693 abstentions and 15,839,830 broker non-votes, showing shareholder support for the company’s executive pay practices.