Shareholders back directors at Fifth District Bancorp (NASDAQ: FDSB)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Fifth District Bancorp, Inc. held its Annual Meeting of Stockholders on May 18, 2026. Stockholders voted on the election of directors and one additional proposal.
Director Amie L. Lyons received 2,960,076 votes for and 53,103 withheld, with 1,041,836 broker non-votes. Director David C. Nolan received 2,481,863 votes for and 531,316 withheld, with 1,041,836 broker non-votes.
Another proposal received 3,974,362 votes for, 58,122 against, 22,531 abstentions, and no broker non-votes, indicating strong stockholder support.
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
Annual Meeting date: May 18, 2026
Votes for Amie L. Lyons: 2,960,076 votes
Votes withheld for Amie L. Lyons: 53,103 votes
+5 more
8 metrics
Annual Meeting date
May 18, 2026
Date of Annual Meeting of Stockholders
Votes for Amie L. Lyons
2,960,076 votes
Director election at 2026 Annual Meeting
Votes withheld for Amie L. Lyons
53,103 votes
Director election at 2026 Annual Meeting
Votes for David C. Nolan
2,481,863 votes
Director election at 2026 Annual Meeting
Votes withheld for David C. Nolan
531,316 votes
Director election at 2026 Annual Meeting
Broker non-votes (directors)
1,041,836 votes
Broker non-votes for each director election
Votes for proposal
3,974,362 votes
Non-director proposal at 2026 Annual Meeting
Votes against proposal
58,122 votes
Non-director proposal at 2026 Annual Meeting
Key Terms
Annual Meeting of Stockholders, Broker Non-Votes, Emerging growth company, Common stock
4 terms
Annual Meeting of Stockholders financial
"On May 18, 2026, Fifth District Bancorp, Inc. held its Annual Meeting of Stockholders."
Broker Non-Votes financial
"For Amie L. Lyons there were 2,960,076 for, 53,103 withhold, and 1,041,836 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 appears in the securities registration and status section."
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.
Common stock financial
"Securities registered pursuant to Section 12(b) of the Act include Common stock, par value 0.01 per share."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Fifth District Bancorp (FDSB) announce in this Form 8-K?
Fifth District Bancorp reported final voting results from its May 18, 2026 Annual Meeting of Stockholders. The filing details director elections and another proposal, including vote counts for, against, withheld, abstentions, and broker non-votes.
What were the vote totals on the non-director proposal at FDSB’s meeting?
One proposal received 3,974,362 votes for, 58,122 against, and 22,531 abstentions, with 0 broker non-votes. These results indicate broad shareholder support for the proposal presented at the Annual Meeting.
When was Fifth District Bancorp’s (FDSB) 2026 Annual Meeting held?
The company held its Annual Meeting of Stockholders on May 18, 2026. At this meeting, shareholders voted on the election of directors and at least one additional proposal, with detailed vote counts disclosed in the Form 8-K.