Origin Bancorp (NYSE: OBK) investors approve board, pay plans and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Origin Bancorp, Inc. reported the results of its annual stockholder meeting held in Choudrant, Louisiana. Of 30,981,298 common shares eligible to vote, 26,322,719 were represented in person or by proxy, an attendance level of approximately 84.96%.
Stockholders elected ten directors to serve until the 2026 annual meeting, with each nominee receiving over 21.4 million "For" votes. They approved the Amended and Restated Omnibus Incentive Plan and supported the non-binding advisory vote on executive compensation.
Investors also indicated a preference for holding the advisory vote on executive pay every one year, and the company plans to include it annually until the next required frequency vote in 2032. Stockholders ratified the appointment of Forvis Mazars, LLP, as independent registered public accounting firm for the fiscal year ending December 31, 2026.
Positive
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Negative
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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 eligible to vote: 30,981,298 shares
Shares represented: 26,322,719 shares
Participation rate: 84.96%
+4 more
7 metrics
Shares eligible to vote
30,981,298 shares
Common stock eligible to vote at 2026 annual meeting
Shares represented
26,322,719 shares
Shares present in person or by proxy at meeting
Participation rate
84.96%
Percentage of outstanding shares represented at meeting
Omnibus Incentive Plan approval
22,721,240 For / 184,694 Against
Vote on Amended and Restated Omnibus Incentive Plan
Say-On-Pay approval
22,327,908 For / 570,287 Against
Advisory vote on NEO compensation
Say-On-Pay frequency 1 year
21,422,449 votes
Votes favoring annual advisory vote frequency
Auditor ratification For votes
26,236,483 votes
Ratification of Forvis Mazars, LLP for fiscal 2026
Key Terms
Broker Non-Vote, Omnibus Incentive Plan, non-binding advisory basis, named executive officers, +1 more
5 terms
Broker Non-Vote financial
"Election of Directors: | For | Against | Abstain | Broker Non-Vote"
Omnibus Incentive Plan financial
"Approve the Amended and Restated Origin Bancorp, Inc. Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
non-binding advisory basis financial
"Approve, on a non-binding advisory basis, the compensation of our 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.
named executive officers financial
"the compensation of our named executive officers (“NEOs”)"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
independent registered public accounting firm financial
"the Company's independent registered public accounting firm for the fiscal 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.
FAQ
Were all Origin Bancorp (OBK) director nominees elected at the 2026 annual meeting?
Yes, all ten director nominees were elected to serve until the 2026 annual meeting. Each nominee, including James D’Agostino Jr., Drake Mills, and others, received more than 21.4 million "For" votes, comfortably exceeding votes cast "Against" or marked as "Abstain".
How often will Origin Bancorp (OBK) hold Say-On-Pay votes after the 2026 meeting?
Stockholders expressed a clear preference for annual Say-On-Pay votes. The one-year frequency received 21,422,449 votes, compared with 52,322 for two years and 1,426,650 for three years. The company plans to hold the next advisory vote on NEO compensation at the 2027 annual meeting.