Dave Inc. (NASDAQ: DAVE) investors back board, pay plan and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Dave Inc. reported the results of its 2026 Annual Meeting of Stockholders. Of the 24,640,106 total voting power entitled to vote, 22,436,216 votes, or approximately 91.05%, were represented in person or by proxy, establishing a quorum.
Stockholders elected Dan Preston as a Class II director to serve until the 2029 annual meeting, with 17,520,094 votes for, 2,766,061 withheld, and 2,150,061 broker non-votes. They also approved, on an advisory basis, the company’s executive compensation.
Stockholders supported holding future advisory votes on executive compensation every 1 year, with 19,948,465 votes for that frequency. They also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 22,358,229 votes for the ratification.
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
Voting power represented: 22,436,216 votes
Director election support: 17,520,094 votes for
Say-on-pay approval: 19,881,104 votes for
+2 more
5 metrics
Voting power represented
22,436,216 votes
Approximately 91.05% of 24,640,106 total voting power at 2026 annual meeting
Director election support
17,520,094 votes for
Votes for Dan Preston as Class II director until 2029 annual meeting
Say-on-pay approval
19,881,104 votes for
Advisory vote to approve Dave’s executive compensation
Say-on-pay frequency
19,948,465 votes for 1 year
Choice of holding advisory vote on executive compensation every 1 year
Auditor ratification support
22,358,229 votes for
Ratification of Deloitte & Touche LLP as auditor for fiscal year ending December 31, 2026
Key Terms
broker non-votes, advisory vote, independent registered public accounting firm, emerging growth company, +1 more
5 terms
broker non-votes financial
"The number of votes cast for or against, as well as abstentions and broker non-votes, if applicable"
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.
advisory vote financial
"The Company’s stockholders approved, on an advisory basis, Dave’s 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.
independent registered public accounting firm financial
"ratified the selection of Deloitte & Touche 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.
emerging growth company regulatory
"Emerging growth company Item 5.07 Submission of Matters to a Vote of Security Holders"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Annual Meeting of Stockholders financial
"At the 2026 Annual Meeting of Stockholders of Dave Inc."
FAQ
How many votes were represented at Dave Inc.’s 2026 annual meeting?
A total of 22,436,216 votes were represented in person or by proxy, out of 24,640,106 total voting power. This represented approximately 91.05% participation, which the company noted was sufficient to constitute a quorum for conducting business.
How often will Dave Inc. hold future say-on-pay votes after this meeting?
Stockholders approved holding an advisory vote on executive compensation every 1 year. The 1-year option received 19,948,465 votes, compared with 175,469 for 2 years and 142,503 for 3 years, and the board decided to follow the annual frequency choice.
Who was elected to Dave Inc.’s board of directors at the 2026 meeting?
Dan Preston was elected as a Class II director to serve until the 2029 annual meeting of stockholders. He received 17,520,094 votes for election, with 2,766,061 votes withheld and 2,150,061 recorded as broker non-votes on this director election proposal.