GCM Grosvenor (NASDAQ: GCMG) shareholders elect board, ratify Ernst & Young
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
GCM Grosvenor Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 9, 2026. Holders of Class A common stock had one vote per share and the Class C common stockholder had 1.258274552 votes per share as of the April 10, 2026 record date. In total, 46,157,150 Class A votes and 178,254,510 Class C votes were represented, accounting for about 94.42% of the combined voting power.
Stockholders elected seven directors—Michael J. Sacks, Angela Blanton, Francesca Cornelli, David A. Helfand, Jonathan R. Levin, Stephen Malkin and Samuel C. Scott III—each to serve until the 2027 annual meeting. They also ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 224,093,615 votes for, 289,113 against and 28,932 abstentions.
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
Class A votes represented: 46,157,150 votes
Class C votes represented: 178,254,510 votes
Combined voting power represented: 94.42%
+4 more
7 metrics
Class A votes represented
46,157,150 votes
Class A common stock at 2026 annual meeting
Class C votes represented
178,254,510 votes
Class C common stock at 2026 annual meeting
Combined voting power represented
94.42%
Class A and Class C as of April 10, 2026 record date
Votes for auditor ratification
224,093,615 votes
Ratification of Ernst & Young LLP for FY ending Dec. 31, 2026
Votes against auditor ratification
289,113 votes
Ratification of Ernst & Young LLP
Abstentions on auditor ratification
28,932 votes
Ratification of Ernst & Young LLP
Class C vote multiplier
1.258274552 votes/share
Voting rights for Class C common stock at 2026 meeting
Key Terms
Annual Meeting of Stockholders, Record Date, broker non-votes, independent registered public accounting firm, +1 more
5 terms
Annual Meeting of Stockholders regulatory
"On June 9, 2026, GCM Grosvenor Inc. held its 2026 Annual Meeting of Stockholders"
Record Date regulatory
"as of the close of business on April 10, 2026 (the “Record Date”)"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
broker non-votes financial
"Michael J. Sacks | 211,407,478 | 8,306,171 | 4,698,011 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 regulatory
"To ratify the appointment of Ernst & Young 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.
FAQ
What did GCM Grosvenor (GCMG) stockholders vote on at the 2026 annual meeting?
GCM Grosvenor stockholders elected seven directors to serve until the 2027 annual meeting and ratified Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, confirming the company’s existing board slate and auditor relationship.
How much voting power was represented at GCMG’s 2026 annual meeting?
The meeting had strong participation, with 46,157,150 Class A votes and 178,254,510 Class C votes represented. Together these amounts reflected approximately 94.42% of the combined voting power of GCM Grosvenor’s Class A and Class C common stock as of the April 10, 2026 record date.
Which directors were elected at GCM Grosvenor’s 2026 annual meeting?
Stockholders elected Michael J. Sacks, Angela Blanton, Francesca Cornelli, David A. Helfand, Jonathan R. Levin, Stephen Malkin and Samuel C. Scott III. Each director will serve on the GCM Grosvenor board until the 2027 annual meeting and until a successor is duly elected and qualified.
Who is GCM Grosvenor’s independent auditor for fiscal year 2026?
Stockholders ratified Ernst & Young LLP as GCM Grosvenor’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The ratification received 224,093,615 votes for, 289,113 against and 28,932 abstentions, with no broker non-votes reported on this proposal.