Laird Superfood (NYSE: LSF) shareholders approve directors, KPMG and stock plan changes
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Laird Superfood, Inc. held its 2026 annual shareholder meeting, with 38,535,589 common and Series A preferred shares represented, about 92% of the 41,816,672 shares entitled to vote, establishing a quorum.
Shareholders elected all eight director nominees for one-year terms, ratified KPMG LLP as auditor for 2026, and approved the non-binding advisory vote on executive compensation. They also approved expanding and extending the 2020 Stock Incentive Plan. On the advisory vote on how often to hold future say-on-pay votes, a plurality supported a one-year frequency, and the board chose to hold these votes annually until the next required frequency vote.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Shares represented: 38,535,589 shares
Shares entitled to vote: 41,816,672 shares
Meeting participation: approximately 92%
+4 more
7 metrics
Shares represented
38,535,589 shares
Common and Series A preferred, as-converted, at 2026 annual meeting
Shares entitled to vote
41,816,672 shares
Common and converted Series A preferred entitled to vote at meeting
Meeting participation
approximately 92%
Percentage of entitled shares represented to form quorum
Auditor ratification votes for KPMG
38,367,752 for / 126,910 against / 40,927 abstain
Fiscal year ending December 31, 2026
Say-on-pay votes
32,494,193 for / 380,179 against / 2,494 abstain
Advisory approval of named executive officer compensation
Stock plan amendment votes
32,063,278 for / 810,235 against / 3,353 abstain
2020 Stock Incentive Plan share increase and term extension
Frequency 1-year votes
32,741,498 votes
Preference for annual advisory vote on executive compensation
Key Terms
Annual Meeting of Stockholders, Series A Preferred Stock, independent registered public accounting firm, non-binding advisory basis, +2 more
6 terms
Annual Meeting of Stockholders regulatory
"On June 25, 2026, Laird Superfood, Inc. ... held its 2026 Annual Meeting of Stockholders"
Series A Preferred Stock financial
"common stock and Series A Preferred Stock, on an as-converted basis, represented in person or by proxy"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
independent registered public accounting firm regulatory
"Ratification of the appointment of KPMG 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.
non-binding advisory basis regulatory
"Approval of, on a non-binding advisory basis, the compensation of the Company's named executive officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
2020 Stock Incentive Plan financial
"Approval of an amendment to the 2020 Stock Incentive Plan to increase the number of shares authorized"
broker non-votes regulatory
"For | Against | Abstain | 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.
FAQ
Were all Laird Superfood (LSF) director nominees elected at the 2026 meeting?
Yes. All eight nominees, including Michael Cohen, Greg Graves, Laird Hamilton, Grant LaMontagne, Maile Naylor, Kayla Dean Obia, Kristin Patrick, and Jason Vieth, received sufficient votes for election to the board for one-year terms extending until the 2027 annual meeting.
How often will Laird Superfood (LSF) hold say-on-pay votes after the 2026 meeting?
Shareholders expressed a preference for an annual vote, with 32,741,498 votes for one year versus smaller totals for two or three years. Based on this plurality, the board decided to hold advisory votes on executive compensation every year until the next required frequency vote.