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KORU Medical (NASDAQ: KRMD) backs directors, equity plan and auditor

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

Rhea-AI Filing Summary

KORU Medical Systems, Inc. reported the results of its 2026 annual shareholder meeting. Shareholders elected all seven director nominees and cast votes on 36,678,784 shares. They approved an amendment to the 2024 Omnibus Equity Incentive Plan to increase available shares and gave advisory approval to executive compensation.

Shareholders also advised holding future say-on-pay votes every one year and ratified Cherry Bekaert LLP as independent registered public accountants for the 2026 fiscal year. Overall, all management proposals received strong support.

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.
Total shares voted 36,678,784 shares 2026 Annual Meeting of Shareholders
Equity plan amendment votes for 25,018,973 shares Proposal 2, 2024 Omnibus Equity Incentive Plan amendment
Say-on-pay votes for 25,723,379 shares Proposal 3, advisory approval of executive compensation
Say-on-pay 1-year frequency support 24,865,692 shares Proposal 4, preferred frequency of future votes
Auditor ratification votes for 36,500,510 shares Proposal 5, Cherry Bekaert LLP for 2026 fiscal year
broker non-vote financial
"Broker Non-Vote Number of Shares | 10,820,650"
2024 Omnibus Equity Incentive Plan financial
"approved the amendment to the 2024 Omnibus Equity Incentive Plan to increase the available number of shares"
advisory basis financial
"The Company’s shareholders, on an advisory basis, approved the compensation of the Company’s executive officers."
independent registered public accountants financial
"ratified the appointment of Cherry Bekaert LLP as the company’s independent registered public accountants for the 2026 fiscal year."
Independent registered public accountants are external auditing firms licensed to examine a public company’s financial records and issue an objective opinion on whether the financial statements are accurate and follow accounting rules. They matter to investors because their independent check is like a neutral referee confirming the score in a game — it reduces the risk of errors or misleading information and helps investors trust the financial reports used to make decisions.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 19, 2026

 

KORU Medical Systems, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware 0-12305 13-3044880
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

 

100 Corporate Drive, Mahwah, NJ 07430
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code   (845) 469-2042

 

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 (see General Instruction A.2. below):

 

[_]  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, $0.01 par value KRMD The Nasdaq Stock Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in 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.

 

Set forth below are the voting results from the 2026 Annual Meeting of Shareholders held on May 19, 2026:

 

Total shares voted: 36,678,784

 

Proposal 1: Election of Directors

 

The nominees for director set forth under “Nominees” below were elected to the Company’s board of directors.

 

  Number of Shares
Nominees For Against Abstain Broker Non-Vote
R. John Fletcher 25,202,422 647,041 8,671 10,820,650
Robert A. Cascella 25,635,760 213,703 8,671 10,820,650
Donna French 25,801,738 41,675 14,721 10,820,650
Joseph M. Manko, Jr. 25,794,709 54,754 8,671 10,820,650
Shahriar (Shar) Matin 25,800,075 41,322 16,737 10,820,650
Linda Tharby 25,446,988 402,677 8,469 10,820,650
Edward Wholihan 25,804,371 44,791 8,972 10,820,650

 

Proposal 2: Approval of an amendment to the 2024 Omnibus Equity Incentive Plan to increase the available number of shares.

 

The Company’s shareholders approved the amendment to the 2024 Omnibus Equity Incentive Plan to increase the available number of shares.

 

  For Against Abstain Broker Non-Vote
Number of Shares 25,018,973 826,145 13,016 10,820,650

 

Proposal 3: Advisory approval of the compensation of the Company’s executive officers.

 

The Company’s shareholders, on an advisory basis, approved the compensation of the Company’s executive officers.

 

  For Against Abstain Broker Non-Vote
Number of Shares 25,723,379 91,649 43,106 10,820,650

 

Proposal 4: Advisory approval of the frequency of future votes on executive compensation.

 

The Company’s shareholders, on an advisory basis, approved the frequency of future votes on executive compensation to be every one year.

 

  1 Year 2 Years 3 Years Abstain Broker Non-Vote
Number of Shares 24,865,692 61,741 916,055 14,646 10,820,650

 

Proposal 5: Ratification of the appointment of independent registered accountants for the 2026 fiscal year.

 

The Company’s shareholders ratified the appointment of Cherry Bekaert LLP as the company’s independent registered public accountants for the 2026 fiscal year.

 

  For Against Abstain
Number of Shares 36,500,510 19,629 158,645

 

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SIGNATURES

 

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

 

  KORU Medical Systems, Inc.
(Registrant)
     
Date:  May 19, 2026 By: /s/ Linda Tharby
  Linda Tharby
Chief Executive Officer

 

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FAQ

What did KORU Medical (KRMD) shareholders vote on at the 2026 annual meeting?

Shareholders voted on director elections, an increase to the 2024 Omnibus Equity Incentive Plan share pool, advisory approval of executive compensation and its frequency, and ratification of Cherry Bekaert LLP as independent registered public accountants for the 2026 fiscal year.

Were all director nominees elected at KORU Medical (KRMD) in 2026?

Yes, all seven director nominees were elected. Each received over 25.2 million votes in favor, with relatively low votes against and small abstentions, alongside 10,820,650 broker non-votes recorded for each director nominee on the ballot.

Did KORU Medical (KRMD) shareholders approve the 2024 Omnibus Equity Incentive Plan amendment?

Yes, shareholders approved the amendment to increase available shares under the 2024 Omnibus Equity Incentive Plan, with 25,018,973 votes for, 826,145 against, 13,016 abstentions, and 10,820,650 broker non-votes recorded on this proposal.

How did KORU Medical (KRMD) shareholders vote on executive compensation in 2026?

On an advisory basis, shareholders approved executive compensation, with 25,723,379 votes for, 91,649 against, 43,106 abstentions, and 10,820,650 broker non-votes. This non-binding vote indicates broad shareholder support for the company’s compensation practices that year.

What frequency of say-on-pay votes did KORU Medical (KRMD) shareholders prefer?

Shareholders advised holding say-on-pay votes every one year, with 24,865,692 votes for one year, 61,741 for two years, 916,055 for three years, 14,646 abstentions, and 10,820,650 broker non-votes, indicating a clear preference for annual advisory votes.

Which audit firm did KORU Medical (KRMD) shareholders ratify for 2026?

Shareholders ratified Cherry Bekaert LLP as independent registered public accountants for the 2026 fiscal year, with 36,500,510 votes in favor, 19,629 against, and 158,645 abstentions, reflecting strong support for continuing the existing audit relationship.

Filing Exhibits & Attachments

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