STOCK TITAN

Riverview Bancorp say-on-pay passes with 61% support

Riverview Bancorp shareholders approved an advisory say-on-pay and a 2026 stock purchase plan, and the company amended bylaws to cut each board to nine members.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Riverview Bancorp, Inc. (RVSB) reports results of its August 27, 2026 annual meeting. Of 20,160,613 common shares outstanding and entitled to vote, 13,933,637 were represented in person or by proxy, establishing a quorum. Shareholders elected directors Bess R. Wills, Larry A. Hoff, Jon L. Girod and Kourosh N. Zamanizadeh for stated terms expiring in 2029 and 2027, respectively.

Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers and approved the adoption of the 2026 stock purchase plan. The boards of the Company and Riverview Bank also amended their bylaws to decrease the size of each board from 10 to 9 members, reflecting the retirement of Director Carlson. Updated materials presented at the annual meeting and the amended and restated bylaws were filed as exhibits.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
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 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Shares outstanding and entitled to vote 20,160,613 shares Common stock outstanding and entitled to vote at the August 27, 2026 annual meeting
Shares represented at meeting 13,933,637 shares Shares present in person or by proxy at the August 27, 2026 annual meeting (quorum)
Say-on-pay votes for 8,512,601 votes (61.10%) Advisory vote to approve executive compensation at the 2026 annual meeting
Say-on-pay votes against 4,800,546 votes (34.45%) Advisory vote to approve executive compensation at the 2026 annual meeting
Votes for 2026 stock purchase plan 13,721,326 votes (98.49%) Proposal to approve adoption of the 2026 stock purchase plan
Votes against 2026 stock purchase plan 195,836 votes (1.40%) Proposal to approve adoption of the 2026 stock purchase plan
Board size change From 10 to 9 members Amendment of company and bank bylaws on August 27, 2026
broker non-votes regulatory
"FOR, WITHHELD and BROKER NON-VOTES are reported for director elections"
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 (non-binding) vote regulatory
"Proposal 2. An advisory (non-binding) vote to approve our executive compensation"
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure.* The Company prepared updated materials"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Amended and Restated Bylaws regulatory
"Exhibit 3.2 Amended and Restated Bylaws of Riverview Bancorp, Inc."
A company’s amended and restated bylaws are its internal rulebook rewritten to include all changes in one updated document, replacing the old bylaws. For investors, this matters because the bylaws set how the board, shareholders and officers make decisions, hold votes and handle disputes; a new consolidated version can change voting rights, control mechanisms or procedures that affect corporate governance and the value or risk of an investment.

FAQ

What matters did Riverview Bancorp (RVSB) shareholders vote on at the August 27, 2026 annual meeting?

Shareholders voted on electing four directors, an advisory (non-binding) approval of executive compensation, and approval of the 2026 stock purchase plan. All proposals listed were approved based on the reported vote counts.

How many Riverview Bancorp (RVSB) shares were eligible to vote and represented at the 2026 annual meeting?

There were 20,160,613 shares of common stock outstanding and entitled to vote. At the meeting, 13,933,637 shares were represented in person or by proxy, which the company states was sufficient to constitute a quorum.

Were Riverview Bancorp (RVSB) directors re-elected or newly elected at the 2026 annual meeting?

Shareholders elected Bess R. Wills and Larry A. Hoff to three-year terms expiring at the 2029 annual meeting, and Jon L. Girod and Kourosh N. Zamanizadeh to one-year terms expiring at the 2027 annual meeting. The terms of five other directors continued unchanged.

Did Riverview Bancorp (RVSB) shareholders approve executive compensation in 2026?

Yes. The advisory (non-binding) vote on executive compensation received 8,512,601 votes for (61.10% of shares present), 4,800,546 against (34.45%), and 620,490 abstentions (4.45%), with no broker non-votes reported. The compensation of named executive officers was approved.

What was the outcome of Riverview Bancorp’s (RVSB) 2026 stock purchase plan proposal?

The 2026 stock purchase plan was approved, receiving 13,721,326 votes for (98.49% of shares present), 195,836 against (1.40%), and 16,475 abstentions (0.11%), with no broker non-votes. The filing states that shareholders approved the adoption of the plan.

Did Riverview Bancorp (RVSB) change the size of its board of directors in 2026?

Yes. On August 27, 2026, the boards of the Company and Riverview Bank voted to decrease the size of each board from 10 to 9 members, in connection with the previously reported retirement of Director Carlson.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
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): August 27, 2026
 
RIVERVIEW BANCORP, INC.
(Exact name of registrant as specified in its charter)
 
Washington
000-22957
91-1838969
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
900 Washington Street, Suite 900, Vancouver, Washington
98660
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code:  (360) 693-6650
 
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 (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section12(b) of the Act
 
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on
which registered
Common Stock, par value of $0.01 per share
 
RVSB
 
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. 
 
Item 5.07  Submission of Matters to a Vote of Security Holders
 
  1. (a)      The Annual Meeting of the Riverview Bancorp, Inc. (the “Company”) was held on August 27, 2026 (“Annual Meeting”). 
  2. (b)      There were a total of 20,160,613 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 13,933,637 shares of common stock were represented in person or by proxy, therefore a quorum was present. The following proposal was submitted by the Board of Directors to a vote of stockholders: 
 
Proposal 1.  Election of Directors.  The following individuals were elected as directors:
                     
  FOR   WITHHELD   BROKER
NON-
VOTES
  No. of
votes
  Percentage
of
shares
present
  No. of
Votes
  Percentage
of
shares
present
  No. of
votes
Bess R. Wills 9,564,110  
68.64
    4,369,527  
31.36
 
-
Larry A. Hoff 9,303,311  
66.77
    4,630,826  
33.23
 
-
Jon L. Girod 13,846,924  
99.38
    86,713  
0.62
   
Kourosh N. Zamanizadeh
13,756,681  
98.73
    176,956  
1.27
 
-
 
Based on the votes set forth above, Ms. Wills and Mr. Hoff were duly elected to serve as directors of the Company for a three-year term expiring at the annual meeting of stockholders in 2029 and until their respective successors have been duly elected and qualified.
Based on the votes set forth above, Mr. Girod and Mr. Zamanizadeh were duly elected to serve as directors of the Company for a one-year term expiring at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified.
The terms of Directors Gerald L. Nies, Patricia W. Eby, Valerie Moreno, Stacey A. Graham and B. Nicole Sherman continued.  
(c)
None.
 
Proposal 2. An advisory (non-binding) vote to approve our executive compensation. This proposal received the following votes:
 For   Percentage
of
shares
present
   Against   Percentage
of
shares
present
   Abstain    Percentage
of
shares
present
  Broker
Non-Vote
8,512,601   61.10   4,800,546   34.45   620,490   4.45   -
Based on the votes set forth above, the compensation of the Company’s named executive officers was approved by stockholders.
 
Proposal 3. Approval of the adoption of the 2026 stock purchase plan. This proposal received the following votes:
 For    Percentage
of
shares
present
  Against    Percentage
of
shares
present
  Abstain    Percentage
of
shares
present
  Broker
Non-Vote
13,721,326   98.49   195,836   1.40   16,475   0.11   -
Based on the votes set forth above, the adoption of the 2026 stock purchase plan was approved by stockholders.
 
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
 
(a)
On August 27, 2026, the Company and Riverview Bank’s Boards of Directors voted to amend the Company’s and the Bank’s Bylaws to decrease the size of the boards from ten (10) to nine (9) members pursuant to the retirement of Director Carlson as reported on a Form 8-K dated April 24, 2026.
 
 
Item 7.01 Regulation FD Disclosure.*
 
The Company prepared updated materials that were presented at the Annual Meeting of Stockholders.  A copy of the updated materials are attached to this Form 8-K as Exhibit 99.1
 
Item 9.01. Financial Statements and Exhibits.*
 
(d)  
Exhibits
 
3.2
Amended and Restated Bylaws of Riverview Bancorp, Inc.
99.1
Riverview Bancorp, Inc. Materials Presented at the Annual Meeting of Stockholders on August 27, 2026
 
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
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.
 
  
 RIVERVIEW BANCORP, INC.
  
  
Date:  August 31, 2026/S/ David Lam                                  
 David Lam
Executive Vice President and
  Chief Financial Officer
(Principal Financial Officer)
 
 
 
 
 
 
 
 
 
 
 
 
0001041368 false --03-31 0001041368 2026-08-27 2026-08-27
Exhibit 99.1
riv8k82726exh991.pdf page 1
1

 
riv8k82726exh991.pdf page 2
1

 
riv8k82726exh991.pdf page 3
2

 
riv8k82726exh991.pdf page 4
3

 
riv8k82726exh991.pdf page 5
4

 
riv8k82726exh991.pdf page 6
5

 
riv8k82726exh991.pdf page 7
6

 
riv8k82726exh991.pdf page 8
7

 
riv8k82726exh991.pdf page 9
8

 
riv8k82726exh991.pdf page 10
9

 
riv8k82726exh991.pdf page 11
10

 
riv8k82726exh991.pdf page 12
11

 
riv8k82726exh991.pdf page 13
12

 
riv8k82726exh991.pdf page 14
13

 
riv8k82726exh991.pdf page 15
14

 
riv8k82726exh991.pdf page 16
15

 
riv8k82726exh991.pdf page 17
16

 
riv8k82726exh991.pdf page 18
17

 
riv8k82726exh991.pdf page 19
18

 
riv8k82726exh991.pdf page 20
19

 
riv8k82726exh991.pdf page 21
20

 
riv8k82726exh991.pdf page 22
21

 
riv8k82726exh991.pdf page 23
22

 
riv8k82726exh991.pdf page 24
23

 
riv8k82726exh991.pdf page 25
24

 
riv8k82726exh991.pdf page 26
25

 
riv8k82726exh991.pdf page 27
26

 
riv8k82726exh991.pdf page 28
27

 
riv8k82726exh991.pdf page 29
28

 
riv8k82726exh991.pdf page 30
29

 
riv8k82726exh991.pdf page 31
30

 
riv8k82726exh991.pdf page 32

Filing Exhibits & Attachments

5 documents