GEN Restaurant Group (GENK) 2026 meeting elects directors and ratifies auditor
Rhea-AI Filing Summary
GEN Restaurant Group, Inc. held its 2026 annual stockholder meeting virtually on June 23, 2026. A quorum was present, with 5,364,141 shares of Class A common stock and 27,599,810 shares of Class B common stock representing 99% of combined voting power.
Stockholders elected Class III directors Jae Chang and David H. Park to serve until the 2029 annual meeting. Chang received 276,200,709 votes for and Park received 276,383,200 votes for, with no withhold votes and 2,019,657 broker non-votes for each.
Stockholders also ratified the appointment of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 278,128,411 votes for, 248,835 against, and 51,261 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 shares present: 5,364,141 shares
Class B shares present: 27,599,810 shares
Votes for Jae Chang: 276,200,709 votes
+3 more
6 metrics
Class A shares present
5,364,141 shares
Present at 2026 annual meeting, representing part of 99% voting power
Class B shares present
27,599,810 shares
Present at 2026 annual meeting, representing part of 99% voting power
Votes for Jae Chang
276,200,709 votes
Election as Class III director at 2026 annual meeting
Votes for David H. Park
276,383,200 votes
Election as Class III director at 2026 annual meeting
Votes for auditor ratification
278,128,411 votes
Ratification of CBIZ CPAs P.C. for fiscal year ending December 31, 2026
Votes against auditor ratification
248,835 votes
Opposing ratification of CBIZ CPAs P.C. for fiscal 2026
Key Terms
Class B common stock, broker non-votes, independent registered public accounting firm, emerging growth company, +1 more
5 terms
Class B common stock financial
"and 27,599,810 shares of Class B common stock present at the Annual Meeting"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
broker non-votes financial
"Jae Chang | 276,200,709 | - | 2,019,657 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 financial
"to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
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.
quorum financial
"and which constituted a quorum for the transaction of business"
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.
FAQ
What did GENK stockholders vote on at the 2026 annual meeting?
Stockholders voted on electing two Class III directors and ratifying the independent auditor. Jae Chang and David H. Park were elected, and CBIZ CPAs P.C. was ratified for fiscal year ending December 31, 2026.
Were GENK’s director nominees elected at the 2026 annual meeting?
Yes. Class III directors Jae Chang and David H. Park were elected. Chang received 276,200,709 votes for and Park received 276,383,200 votes for, with 2,019,657 broker non-votes recorded for each nominee.
Which auditing firm did GENK stockholders ratify for fiscal 2026?
Stockholders ratified CBIZ CPAs P.C. as GEN Restaurant Group’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 278,128,411 votes for, 248,835 against, and 51,261 abstentions cast.
What was the quorum at GENK’s 2026 annual stockholder meeting?
The meeting had a strong quorum. There were 5,364,141 shares of Class A common stock and 27,599,810 shares of Class B common stock present, representing 99% of the combined voting power eligible to vote at the meeting.
How many votes did GENK’s auditor ratification proposal receive against approval?
The proposal to ratify CBIZ CPAs P.C. received relatively few opposing votes. It had 278,128,411 votes for, 248,835 votes against, and 51,261 abstentions, with no broker non-votes reported on this item.
AI-generated analysis. How Rhea-AI works. Not financial advice.
