NMI Holdings (NASDAQ: NMIH) stockholders re-elect full board and approve pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
NMI Holdings, Inc. reported results from its annual stockholder meeting. On the record date, 76,156,368 common shares were outstanding, and 90.64% were present, establishing a strong quorum. Stockholders elected all nine nominated directors, each receiving over 60 million votes in favor.
Investors also approved, on an advisory basis, the company’s executive compensation, with 61,053,212 votes for and 4,928,264 against. In addition, stockholders ratified BDO USA, LLP as independent registered public accounting firm for the year ending December 31, 2026, with 68,517,000 votes for and only 536,950 against.
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
Shares outstanding on record date: 76,156,368 shares
Meeting quorum: 90.64%
Say-on-pay votes for: 61,053,212 votes
+4 more
7 metrics
Shares outstanding on record date
76,156,368 shares
Common stock outstanding and entitled to vote as of March 16, 2026
Meeting quorum
90.64%
Percentage of outstanding shares present for the annual meeting
Say-on-pay votes for
61,053,212 votes
Advisory approval of executive compensation
Say-on-pay votes against
4,928,264 votes
Advisory vote on executive compensation
Auditor ratification votes for
68,517,000 votes
Ratification of BDO USA, LLP for year ending December 31, 2026
Auditor ratification votes against
536,950 votes
Ratification of BDO USA, LLP
Director votes for (Renu Agrawal)
66,044,494 votes
Election as director at the annual meeting
Key Terms
broker non-votes, advisory vote to approve our executive compensation, independent registered public accounting firm, quorum
4 terms
broker non-votes financial
"FOR | WITHHELD | BROKER NON-VOTES Bradley M. Shuster | 61,754,474 | 4,395,149 | 2,913,966"
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 vote to approve our executive compensation financial
"The advisory vote to approve our executive compensation was approved by the following vote"
independent registered public accounting firm financial
"The ratification of the appointment of BDO USA, LLP as the Company's independent registered public accounting firm for the 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.
quorum financial
"76,156,368 shares of the Company’s common stock were outstanding and entitled to vote, of which [90.64]% were present for purposes of establishing a quorum."
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 NMI Holdings (NMIH) stockholders vote on at the 2026 annual meeting?
Stockholders voted on electing nine directors, approving executive compensation on an advisory basis, and ratifying BDO USA, LLP as the independent registered public accounting firm for the year ending December 31, 2026. All three proposals received majority support from shares present.
How strong was NMI Holdings (NMIH) stockholder turnout for the annual meeting?
Turnout was high. On the March 16, 2026 record date, 76,156,368 common shares were outstanding, and 90.64% of those shares were present at the annual meeting, providing a solid quorum for all votes on directors, executive pay, and auditor ratification.
Were NMI Holdings (NMIH) directors re-elected with strong support?
All nine director nominees were elected with substantial support, each receiving more than 60 million votes for. For example, Renu Agrawal received 66,044,494 votes for and only 105,129 withheld, while other directors also secured large favorable vote margins despite some broker non-votes.
Did NMI Holdings (NMIH) stockholders approve executive compensation?
Yes. Stockholders approved NMI Holdings’ executive compensation in an advisory say-on-pay vote, with 61,053,212 votes for, 4,928,264 against, and 168,147 abstentions. There were also 2,913,966 broker non-votes recorded, but the proposal still received clear majority support from voting shares.
Which auditor did NMI Holdings (NMIH) stockholders ratify for 2026?
Stockholders ratified BDO USA, LLP as NMI Holdings’ independent registered public accounting firm for the year ending December 31, 2026. The vote was overwhelmingly favorable, with 68,517,000 shares voting for, 536,950 against, and only 9,639 abstaining on the ratification proposal.