Forum Markets (NASDAQ: FRMM) logs 2026 vote wins on pay and board
Rhea-AI Filing Summary
Forum Markets, Incorporated (FRMM) reported the results of its 2026 Annual Meeting of Stockholders held on August 19, 2026. Stockholders representing 9,228,510 shares, or 68.50% of common stock entitled to vote as of June 24, 2026, were present in person or by proxy, constituting a quorum.
Three Class II directors — McAndrew Rudisill, Ryan Smith and Jason New — were elected to two-year terms; Jason New received 6,200,982 votes for election. Stockholders approved the advisory (non-binding) resolution on named executive officer compensation and ratified the appointment of M&K CPAS, PLLC as independent auditors for the fiscal year ending December 31, 2026.
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8-K Event Classification
2 items: 5.07, 9.01
2 items
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, or exhibit attachments filed with this report.
Key Figures
Quorum shares: 9,228,510 shares
Quorum percentage: 68.50%
Votes for Jason New: 6,200,982
+4 more
7 metrics
Quorum shares
9,228,510 shares
Shares represented at the 2026 Annual Meeting of Stockholders
Quorum percentage
68.50%
Percentage of voting shares issued and outstanding on June 24, 2026 present at the meeting
Votes for Jason New
6,200,982
For votes for Class II director nominee Jason New
Say-on-pay For votes
3,838,696
For votes on advisory resolution on named executive officer compensation
Say-on-pay Against votes
2,436,628
Against votes on advisory resolution on named executive officer compensation
Auditor ratification For votes
9,060,830
For votes to ratify M&K CPAS, PLLC as independent auditors for 2026
Auditor ratification Against votes
144,888
Against votes on ratification of M&K CPAS, PLLC as independent auditors
Key Terms
Broker Non-Votes, advisory (non-binding) resolution, quorum, independent auditors
4 terms
Broker Non-Votes financial
"For | | Against | | Abstain | | Broker Non-Votes 3,838,696"
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 (non-binding) resolution regulatory
"A management proposal to approve an advisory (non-binding) resolution on named"
An advisory (non-binding) resolution is a shareholder vote that expresses investors’ opinion or recommendation to a company’s board but does not legally force any action. Think of it as a public poll or suggestion: it can influence management decisions, reputation, and future binding measures because persistent investor opposition often prompts change. Investors watch these votes to gauge corporate governance, potential risks, and whether management is aligned with shareholder priorities.
quorum regulatory
"representing 68.50% of the voting shares issued and outstanding ... constituting a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
independent auditors financial
"ratify the appointment of M&K CPAS, PLLC, as the Company’s independent auditors"
Independent auditors are outside, licensed accountants who examine a company’s books, records and internal controls and issue an objective opinion on whether the financial statements accurately reflect the business’s financial position. Investors treat their report like a neutral inspector’s stamp — it increases trust, makes financial results easier to compare, and alerts readers if there are errors, omissions or other problems that could affect investment decisions.
FAQ
What did FRMM announce regarding its 2026 Annual Meeting of Stockholders?
Forum Markets, Incorporated (FRMM) announced results of its 2026 Annual Meeting, where stockholders elected three Class II directors, approved an advisory vote on executive compensation, and ratified M&K CPAS, PLLC as independent auditors for the 2026 fiscal year.
Which directors of FRMM were elected at the 2026 Annual Meeting and for how long?
Stockholders elected McAndrew Rudisill, Ryan Smith, and Jason New as Class II directors. Each will serve a two-year term and continue until a successor is elected and qualified or until earlier resignation or removal.
What were the voting results on FRMM’s say-on-pay proposal at the 2026 meeting?
The advisory (non-binding) vote on named executive officer compensation received 3,838,696 votes for, 2,436,628 against, and 14,887 abstentions, with 2,938,299 broker non-votes, meaning stockholders approved the compensation program on an advisory basis.
Who did FRMM’s stockholders ratify as independent auditors for 2026 and what was the vote?
Stockholders ratified M&K CPAS, PLLC as FRMM’s independent auditors for the year ending December 31, 2026, with 9,060,830 votes for, 144,888 against, and 22,792 abstentions, indicating strong support for the audit firm’s appointment.
What is the trading symbol and exchange for Forum Markets, Incorporated common stock?
Forum Markets, Incorporated’s common stock, par value $0.0001 per share, trades under the symbol FRMM on The Nasdaq Stock Market LLC, as stated in the company’s disclosure of securities registered under Section 12(b).
AI-generated analysis. How Rhea-AI works. Not financial advice.