Shareholders approve all proposals at SmartFinancial (NYSE: SMBK) 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SmartFinancial, Inc. reported results of its 2026 annual shareholder meeting held on May 21, 2026. Shareholder turnout was strong, with 13,783,833 of 17,098,473 common shares represented, equal to 80.61% of shares outstanding as of the record date.
Shareholders elected ten directors to serve until the 2027 annual meeting, including William (“Billy”) Y. Carroll Jr. and William (“Bill”) Y. Carroll Sr. They also ratified Elliott Davis, PLLC as independent registered public accounting firm for the fiscal year ending December 31, 2026. In addition, shareholders approved, on a non-binding advisory basis, the compensation paid to SmartFinancial’s named executive officers as described in the April 7, 2026 proxy statement.
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 record date: 17,098,473 shares
Shares represented at meeting: 13,783,833 shares
Auditor ratification votes for: 13,769,399 votes
+5 more
8 metrics
Shares outstanding record date
17,098,473 shares
Common stock outstanding as of the annual meeting record date
Shares represented at meeting
13,783,833 shares
Shares present in person or by proxy, 80.61% of outstanding
Auditor ratification votes for
13,769,399 votes
Votes for ratifying Elliott Davis, PLLC for fiscal year 2026
Auditor ratification votes against
4,421 votes
Votes against ratifying Elliott Davis, PLLC as auditor
Say-on-pay votes for
11,056,323 votes
Votes for non-binding approval of named executive officer compensation
Say-on-pay votes against
331,566 votes
Votes against the non-binding advisory compensation proposal
Broker non-votes on say-on-pay
2,378,708 votes
Broker non-votes recorded on the advisory compensation proposal
Highest director votes for
11,213,303 votes
Votes for director nominee Kelli D. Shomaker
Key Terms
broker non-votes, independent registered public accounting firm, non-binding advisory basis, named executive officers, +1 more
5 terms
broker non-votes financial
"VOTES FOR | VOTES WITHHELD | 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.
independent registered public accounting firm financial
"ratified the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm"
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.
non-binding advisory basis financial
"approved, on a non-binding advisory basis, the compensation paid to the Company’s 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 paid to the Company’s named executive officers as disclosed in the Company’s Definitive Proxy Statement"
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.
record date financial
"shares of common stock of the Company outstanding as of the record date for the Annual Meeting"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
Were all SmartFinancial director nominees elected at the 2026 meeting?
Yes, all ten director nominees, including Cathy G. Ackermann, Victor L. Barrett, William (“Billy”) Y. Carroll Jr., and others, were elected to serve until the 2027 annual meeting. Each nominee received more votes for than withheld, with additional broker non-votes recorded.