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Shareholders back directors and pay at Eastern Bankshares (NASDAQ: EBC)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Eastern Bankshares, Inc. reported the voting results from its 2026 annual meeting of shareholders. Investors voted on electing six directors for one-year terms, an advisory vote on executive compensation, and ratification of Ernst & Young LLP as independent registered public accounting firm for the 2026 fiscal year.

Each director nominee, including Luis A. Borgen and Cathleen A. Schmidt, received more votes for than against, with for votes ranging from 163,246,719 to 172,755,127. The advisory vote on executive compensation received 172,945,389 votes for and 8,801,346 against, with 1,244,798 abstentions and 21,797,754 broker non-votes. Ratification of Ernst & Young LLP received 191,474,469 votes for and 12,617,770 against, with 697,048 abstentions.

Positive

  • None.

Negative

  • None.
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.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Votes for highest-supported director 172,755,127 votes For election of director nominee Cathleen A. Schmidt at 2026 meeting
Votes for lowest-supported director 163,246,719 votes For election of director nominee Luis A. Borgen at 2026 meeting
Say-on-pay votes for 172,945,389 votes Advisory vote on executive compensation at 2026 annual meeting
Say-on-pay votes against 8,801,346 votes Advisory vote on executive compensation at 2026 annual meeting
Auditor ratification votes for 191,474,469 votes Ratification of Ernst & Young LLP for 2026 fiscal year
Auditor ratification votes against 12,617,770 votes Ratification of Ernst & Young LLP for 2026 fiscal year
Broker non-votes on pay 21,797,754 shares Broker non-votes for advisory vote on executive compensation
advisory vote on executive compensation financial
"to hold an advisory vote on executive compensation"
A non-binding shareholder vote allowing investors to approve or reject the pay packages and compensation policies for a company’s top executives. It matters because the outcome tells the board whether owners are satisfied with executive pay and can prompt changes in policy or leadership much like a customer survey prompts a company to adjust its product — signaled approval can support management credibility, while rejection may increase scrutiny and affect investor confidence.
independent registered public accounting firm financial
"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.
broker non-votes financial
"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.
Emerging growth company regulatory
"Emerging growth company"
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.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
false 0001810546 0001810546 2026-05-18 2026-05-18
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 18, 2026

 

 

EASTERN BANKSHARES, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Massachusetts   001-39610   84-4199750
(State or Other Jurisdiction
of Incorporation or Organization)
  (Commission
File Number)
  (I.R.S. Employer
Identification Number)

 

125 High Street,  
Boston, Massachusetts   02110
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (800) 327-8376

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange
on which registered

Common Stock   EBC   Nasdaq Global Select Market

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 5.07

Submission of Matters to a Vote of Security Holders.

On May 18, 2026, Eastern Bankshares, Inc. (the “Company”) held its 2026 annual meeting of shareholders (the “Annual Meeting”), at which the shareholders of the Company considered and acted upon three proposals: (1) to elect six directors for a one-year term expiring in 2027; (2) to hold an advisory vote on executive compensation; and (3) to ratify the appointment of Ernst & Young LLP by the Audit Committee of the Board of Directors as the Company’s independent registered public accounting firm for the Company’s 2026 fiscal year. The results of the shareholder voting are set forth below.

 

1.

Election of Directors. By the vote reported below, the shareholders elected the following six nominees to serve as directors of the Company for a one-year term to end at the Company’s 2027 annual meeting of shareholders:

 

Nominee

   Votes For      Votes Against      Abstentions      Broker Non-
Votes
 

Luis A. Borgen

     163,246,719        11,536,334        8,208,480        21,797,754  

Diane S. Hessan

     168,113,050        6,198,544        8,679,939        21,797,754  

Leon A. Palandjian

     172,404,490        2,550,139        8,036,904        21,797,754  

Robert F. Rivers

     170,118,544        4,735,391        8,137,598        21,797,754  

Cathleen A. Schmidt

     172,755,127        2,163,226        8,073,180        21,797,754  

Michael J. Sullivan

     170,827,253        4,031,607        8,132,673        21,797,754  

 

2.

Advisory Vote on Named Executive Officer Compensation. By the vote reported below, the shareholders approved, on an advisory basis, the compensation paid to the named executive officers of the Company, as set forth in the Company’s Proxy Statement:

 

Votes For

 

Votes Against

 

Abstentions

 

Broker Non-Votes

172,945,389   8,801,346   1,244,798   21,797,754

 

3.

Ratification of the Appointment of Ernst & Young LLP. By the vote reported below, the shareholders ratified the appointment of Ernst & Young LLP by the Audit Committee of the Company’s Board of Directors as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. There were no broker non-votes on this matter.

 

Votes For

 

Votes Against

 

Abstentions

191,474,469   12,617,770   697,048

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

 

Exhibit

  

Description

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

     EASTERN BANKSHARES, INC.
    By:  

/s/ R. David Rosato 

DATE: May 19, 2026       R. David Rosato
      Chief Financial Officer

FAQ

What did Eastern Bankshares (EBC) shareholders vote on at the 2026 annual meeting?

Shareholders voted on three key proposals: electing six directors for one-year terms, holding an advisory vote on executive compensation, and ratifying Ernst & Young LLP as the independent registered public accounting firm for the 2026 fiscal year.

How did Eastern Bankshares (EBC) shareholders vote on director elections in 2026?

All six director nominees, including Luis A. Borgen and Cathleen A. Schmidt, received more votes for than against. For votes ranged from 163,246,719 to 172,755,127, with separate tallies reported for votes against, abstentions, and broker non-votes for each nominee.

What were the 2026 advisory vote results on Eastern Bankshares (EBC) executive compensation?

The advisory vote on executive compensation received 172,945,389 votes for and 8,801,346 votes against. There were 1,244,798 abstentions and 21,797,754 broker non-votes, indicating the proposal had substantially more support votes than opposition based on the reported share counts.

Did Eastern Bankshares (EBC) shareholders support Ernst & Young as auditor for 2026?

Shareholders voted to ratify Ernst & Young LLP as independent registered public accounting firm with 191,474,469 votes for and 12,617,770 votes against. There were 697,048 abstentions, showing a significantly higher number of shares cast in favor than against ratification.

What is the trading symbol and listing for Eastern Bankshares common stock?

Eastern Bankshares’ common stock trades under the symbol EBC. The shares are listed on the Nasdaq Global Select Market, which is one of Nasdaq’s premier listing tiers for companies that meet specific financial and corporate governance standards.

Who signed the Eastern Bankshares 8-K reporting the 2026 meeting votes?

The report was signed on behalf of Eastern Bankshares, Inc. by R. David Rosato. He is identified in the document as the Chief Financial Officer, and the signature block confirms his role in authorizing the filing under the Securities Exchange Act of 1934.

Filing Exhibits & Attachments

3 documents