Karat Packaging (KRT) posts 2026 director, auditor and Say on Pay votes
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Karat Packaging Inc. reported the results of its 2026 Annual Meeting of Stockholders held on June 16, 2026. Stockholders elected five directors—Alan Yu, Jian Guo, Paul Y. Chen, Eric Chen, and Eve Yen—to serve until the next annual meeting or until their successors are elected and qualified. Support for each nominee was strong, with votes for ranging from 16,173,766 to 16,693,717, along with 940,158 broker non-votes on each director proposal.
Stockholders also ratified the appointment of BDO USA, P.C. as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 17,635,447 votes for, 16,281 against, and 12,965 abstentions. In addition, stockholders gave advisory approval to the company’s executive compensation, with 16,599,823 votes for, 103,149 against, 21,563 abstentions, and 940,158 broker non-votes.
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
Votes for Alan Yu: 16,693,717 votes
Votes for Jian Guo: 16,216,901 votes
Votes for Paul Y. Chen: 16,680,201 votes
+5 more
8 metrics
Votes for Alan Yu
16,693,717 votes
Director election, 2026 Annual Meeting
Votes for Jian Guo
16,216,901 votes
Director election, 2026 Annual Meeting
Votes for Paul Y. Chen
16,680,201 votes
Director election, 2026 Annual Meeting
Votes for Eric Chen
16,679,959 votes
Director election, 2026 Annual Meeting
Votes for Eve Yen
16,173,766 votes
Director election, 2026 Annual Meeting
Votes for auditor ratification
17,635,447 votes
Ratification of BDO USA, P.C. for 2026
Votes for Say on Pay
16,599,823 votes
Advisory approval of executive compensation
Broker non-votes on key items
940,158 votes
Director and Say on Pay proposals
Key Terms
broker non-votes, independent certified public accountants, Advisory approval, Say on Pay, +1 more
5 terms
broker non-votes financial
"Broker Non-Votes Alan Yu 16,693,717 30,818 940,158"
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 certified public accountants financial
"Ratification of the appointment of BDO USA, P.C. as the Company’s independent certified public accountants"
Advisory approval financial
"Advisory approval of the Company's executive compensation ("Say on Pay")."
Say on Pay financial
"Advisory approval of the Company's executive compensation ("Say on Pay")."
Say on pay is a shareholder vote—typically nonbinding—on a company’s executive compensation package, allowing investors to approve or reject how top managers are paid. Think of it as a public performance review: widespread disapproval can signal poor governance, prompt changes to pay practices, attract activist investors, and influence investor confidence and share value. It matters because it gives owners a direct way to influence compensation that affects company incentives and long-term performance.
Emerging growth company regulatory
"Emerging growth company"
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 Karat Packaging Inc. (KRT) stockholders approve at the 2026 annual meeting?
Stockholders elected five directors, ratified BDO USA, P.C. as auditor for 2026, and approved executive compensation on an advisory basis. Each proposal received strong support based on the reported vote totals.
How did Karat Packaging (KRT) stockholders vote on director elections in 2026?
All five director nominees were elected, with votes for each ranging from 16,173,766 to 16,693,717. Each nominee also had 940,158 broker non-votes recorded on the director election proposal.
Was BDO USA, P.C. ratified as Karat Packaging’s independent auditor for 2026?
Yes, stockholders ratified BDO USA, P.C. as independent certified public accountants for the year ending December 31, 2026, with 17,635,447 votes for, 16,281 against, and 12,965 abstentions, and no broker non-votes.
How many broker non-votes were recorded at Karat Packaging’s 2026 annual meeting?
The company reported 940,158 broker non-votes on the director elections and the Say on Pay proposal. There were no broker non-votes on the auditor ratification proposal, which is typically considered a routine matter.