Shareholders back Manhattan Bridge Capital (NASDAQ: LOAN) board and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Manhattan Bridge Capital, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 18, 2026. Shareholders elected six directors, with support ranging from 4,831,640 to 4,890,307 votes in favor for each nominee and 3,339,438 broker non-votes recorded.
Shareholders also gave advisory approval to appoint Hoberman & Lesser, LLP as independent auditors for the fiscal year ending December 31, 2026, with 8,255,336 votes for, 79,715 against, and 103,252 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
Votes for highest-supported director: 4,890,307 votes
Votes for lowest-supported director: 4,831,640 votes
Broker non-votes on director elections: 3,339,438 votes
+3 more
6 metrics
Votes for highest-supported director
4,890,307 votes
For director nominee Phillip Michals at 2026 Annual Meeting
Votes for lowest-supported director
4,831,640 votes
For director nominee Eran Goldshmit at 2026 Annual Meeting
Broker non-votes on director elections
3,339,438 votes
Same broker non-vote count for each director proposal
Auditor appointment - For
8,255,336 votes
Advisory approval of Hoberman & Lesser, LLP for FY ending Dec. 31, 2026
Auditor appointment - Against
79,715 votes
Votes opposing Hoberman & Lesser, LLP appointment
Auditor appointment - Abstain
103,252 votes
Abstentions on advisory auditor appointment proposal
Key Terms
broker non-votes, advisory approval, independent auditors, Emerging growth company
4 terms
broker non-votes financial
"Broker Non-Votes | 3,339,438"
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 approval financial
"Proposal No. 2 — Advisory approval of the appointment of Hoberman & Lesser, LLP"
independent auditors financial
"appointment of Hoberman & Lesser, LLP 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.
Emerging growth company regulatory
"Emerging growth company Item 5.07."
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
Were Manhattan Bridge Capital (LOAN) director nominees elected in 2026?
Yes. All six director nominees received strong support, with votes for each ranging from 4,831,640 to 4,890,307, alongside 3,339,438 broker non-votes recorded for the election proposals.
What are broker non-votes in the Manhattan Bridge Capital (LOAN) 2026 results?
Broker non-votes are shares held by brokers that were not voted on non-routine matters. For the director elections, 3,339,438 broker non-votes were recorded for each nominee at the 2026 Annual Meeting.
When was the Manhattan Bridge Capital (LOAN) 2026 Annual Meeting held?
The 2026 Annual Meeting of Shareholders for Manhattan Bridge Capital, Inc. was held on June 18, 2026, with final voting results reported for director elections and the auditor appointment proposal.