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Parke Bancorp (NASDAQ: PKBK) investors support board slate and key votes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Parke Bancorp, Inc. held its annual meeting of shareholders on April 21, 2026. Shareholders elected directors Vito S. Pantilione, Dr. Edward Infantolino and Elizabeth A. Milavsky, with Pantilione receiving 6,879,495 votes for and 76,162 withheld, Infantolino 4,962,672 for and 1,992,985 withheld, and Milavsky 6,888,346 for and 67,310 withheld, plus 1,861,507 broker non-votes for each nominee.

Shareholders also voted on two additional proposals, which received 8,775,913 and 6,335,958 votes for, respectively, with relatively few votes against or abstaining. In a separate vote on alternatives labeled one, two or three years, the "one year" option received 3,953,415 votes, or 56.90% of votes cast.

Positive

  • None.

Negative

  • None.
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.
Votes for Pantilione 6,879,495 votes Director election at April 21, 2026 annual meeting
Votes for Infantolino 4,962,672 votes Director election at April 21, 2026 annual meeting
Votes for Milavsky 6,888,346 votes Director election at April 21, 2026 annual meeting
Proposal A for votes 8,775,913 votes First non-director proposal at annual meeting
Proposal B for votes 6,335,958 votes Second non-director proposal at annual meeting
One-year option votes 3,953,415 votes Timing-related choice, 56.90% of votes cast
Three-year option votes 2,366,650 votes Alternative in timing-related shareholder vote
annual meeting of shareholders financial
"On April 21, 2026, the Company held its annual meeting of shareholders"
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.
Broker Non-Votes financial
"Broker Non-Votes 1,861,507"
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.
abstain financial
"Abstain 23,542"
Percentage of Votes Cast financial
"Percentage of Votes Cast ONE YEAR 3,953,415 56.90%"
Understanding 8-K Material Events →
false 0001315399 0001315399 2026-04-21 2026-04-21
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
April 21, 2026
 
PARKE BANCORP, INC.
(Exact name of Registrant as specified in its Charter)
 
 
New Jersey
  
0-51338
  
65-1241859
  
 
(State or other jurisdiction
of incorporation)
  
(Commission File
Number)
  
(IRS Employer
Identification No.)
  
 
601 Delsea Drive, Washington Township, New Jersey
08080
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code:
(856) 256-2500
  
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
☐
Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
Common Stock, Par Value $0.10 per share
PKBK
The Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐  
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐
 
 
 
 
PARKE BANCORP, INC.
 
INFORMATION TO BE INCLUDED IN THE REPORT
 
Section 5 – Corporate Governance and Management
 
Item 5.07 Submission of Matters to a Vote of Security Holders.
 
On April 21, 2026, the Company held its annual meeting of shareholders at which the following items were voted on.
 
 
(1)
Election of Directors for three-year terms
Nominee
  
For
  
Withheld
  
Broker
Non-Votes
             
Vito S. Pantilione
  
6,879,495
  
76,162
  
1,861,507
Dr. Edward Infantolino
  
4,962,672
   1,992,985  
1,861,507
Elizabeth A. Milavsky
  
6,888,346
  
67,310
  
1,861,507
            _
 
There were no abstentions in the election of directors.
 
 
(2)
Ratification of appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2026.
For
    
Against
    
Abstain
    
Broker
Non-Votes
8,775,913     17,708     23,542     -
_________
    
_______
    
________
    
_______
 
(3)
The approval of the advisory (non-binding) proposal regarding our executive compensation.
For
    
Against
    
Abstain
    
Broker
Non-Votes
6,335,958     409,021     210,678     1,861,507
_________
    
_______
    
________
    
_______
 
(4)
That an advisory vote on executive compensation shall occur every one, two or three years.
 
     
Number
of Votes
    
Percentage of
Votes Cast
ONE YEAR
     3,953,415     56.90%
TWO YEARS
     433,474     6.24%
THREE YEARS
     2,366,650     34.06%
ABSTAIN
     194,612     2.80%
 
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
PARKE BANCORP, INC.
       
 
 
Date:         April 24, 2026
By:
/s/ Jonathan D. Hill
 
Jonathan D. Hill
Senior Vice President and
    Chief Financial Officer  
    (Duly Authorized Representative)  
 
 

Source: View Original Filing on SEC EDGAR

FAQ

What did Parke Bancorp (PKBK) shareholders vote on at the 2026 annual meeting?

Shareholders voted to elect three directors and considered additional proposals with detailed for, against and abstain counts. They also cast votes among alternatives labeled one, two or three years, with results expressed as both raw vote totals and percentage of votes cast.

Were Parke Bancorp (PKBK) director nominees elected at the April 2026 meeting?

Yes, three director nominees received strong support based on votes cast. Vito S. Pantilione, Dr. Edward Infantolino and Elizabeth A. Milavsky each received millions of votes for, with relatively fewer withheld votes and 1,861,507 broker non-votes recorded for each nominee.

How many votes did the Parke Bancorp (PKBK) proposals receive in favor?

One proposal received 8,775,913 votes for, with 17,708 against and 23,542 abstentions. Another proposal received 6,335,958 votes for, 409,021 against, 210,678 abstentions and 1,861,507 broker non-votes, indicating broad shareholder participation in each matter presented.

What were the results of the Parke Bancorp (PKBK) vote on one-, two-, or three-year alternatives?

The option labeled one year received 3,953,415 votes, or 56.90% of votes cast. The two-year alternative received 433,474 votes, three years received 2,366,650 votes and 194,612 votes were recorded as abstentions, reflecting shareholders’ preferences among the stated time-frame choices.

Were there abstentions or broker non-votes at the Parke Bancorp (PKBK) 2026 meeting?

Yes, abstentions and broker non-votes were recorded on several items. For director elections there were no abstentions but 1,861,507 broker non-votes per nominee, while other proposals showed smaller numbers of abstentions alongside the for and against vote counts disclosed.

Filing Exhibits & Attachments

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