Quest Resource (NASDAQ: QRHC) OKs director slate and plan share boosts
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Quest Resource Holding Corporation reported the results of its 2026 Annual Meeting of Stockholders. Shareholders elected Class II directors Stephen A. Nolan and Audrey P. Dunning to terms running until the 2029 annual meeting.
Stockholders approved a non-binding advisory vote on 2025 executive compensation and ratified Semple, Marchal and Cooper, LLP as independent registered public accountant for the year ending December 31, 2026. They also approved amendments to the 2024 Incentive Compensation Plan to add 600,000 shares and to the 2024 Employee Stock Purchase Plan to add 150,000 shares.
There were 21,073,513 shares of common stock outstanding and eligible to vote as of May 21, 2026, the record date.
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: 21,073,513 shares
Votes for Nolan: 12,595,022 votes for
Votes for Dunning: 9,359,312 votes for
+4 more
7 metrics
Shares eligible to vote
21,073,513 shares
Common stock outstanding and eligible as of May 21, 2026 record date
Votes for Nolan
12,595,022 votes for
Election of director Stephen A. Nolan, Proposal 1
Votes for Dunning
9,359,312 votes for
Election of director Audrey P. Dunning, Proposal 1
Say-on-pay support
12,534,794 votes for
Non-binding advisory vote on 2025 executive compensation
Incentive Plan share increase
600,000 shares
Additional shares under 2024 Incentive Compensation Plan
ESPP share increase
150,000 shares
Additional shares under 2024 Employee Stock Purchase Plan
Auditor ratification for votes
17,702,085 votes for
Ratification of Semple, Marchal, and Cooper, LLP for 2026
Key Terms
non-binding advisory vote, independent registered public accountant, 2024 Incentive Compensation Plan, 2024 Employee Stock Purchase Plan, +1 more
5 terms
non-binding advisory vote financial
"a non-binding advisory vote to approve the compensation paid to the Company’s named executive officers"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
independent registered public accountant financial
"the appointment of Semple, Marchal and Cooper, LLP as the Company’s independent registered public accountant"
2024 Incentive Compensation Plan financial
"an amendment to the Company’s 2024 Incentive Compensation Plan to increase the number of shares available"
2024 Employee Stock Purchase Plan financial
"an amendment to the Company’s 2024 Employee Stock Purchase Plan to increase the number of shares authorized"
broker non-votes financial
"as well as the number of abstentions, as to each such matter, including ... 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
Who was elected to Quest Resource (QRHC) board at the 2026 meeting?
Stockholders elected Stephen A. Nolan and Audrey P. Dunning as Class II directors to serve three-year terms until the 2029 annual meeting. Nolan received 12,595,022 votes for, while Dunning received 9,359,312 votes for, with broker non-votes recorded on each nominee.
What change was made to Quest Resource (QRHC) 2024 Employee Stock Purchase Plan?
Shareholders approved an amendment to the 2024 Employee Stock Purchase Plan, authorizing an additional 150,000 shares under the plan. The vote totaled 9,924,446 for, 2,734,779 against, and 1,120 abstentions, with 5,852,899 broker non-votes, facilitating broader employee participation in share purchases.