Terra Property Trust (NYSE: TPTA) directors re-elected and KPMG ratified
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Terra Property Trust, Inc. reported the results of its annual stockholder meeting held on June 18, 2026. Stockholders representing 13,095,682.771 Class B shares, or 53.80% of the 24,340,114 outstanding shares, were present, establishing a quorum.
All five director nominees were elected to serve until the 2027 annual meeting, with each receiving over 11.27 million votes in favor and no broker non-votes reported. Stockholders also ratified KPMG LLP as the independent registered public accounting firm for the 2026 fiscal year, with 11,781,421.172 votes for, 793,255.908 against, and 521,005.691 abstentions.
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 represented: 13,095,682.771 shares
Shares outstanding: 24,340,114 shares
Votes for KPMG: 11,781,421.172 votes
+3 more
6 metrics
Shares represented
13,095,682.771 shares
Class B shares represented at annual meeting; 53.80% of outstanding
Shares outstanding
24,340,114 shares
Class B common stock outstanding at meeting date
Votes for KPMG
11,781,421.172 votes
For ratification of KPMG LLP as 2026 auditor
Votes against KPMG
793,255.908 votes
Against ratification of KPMG LLP as 2026 auditor
Director votes for (range)
11,277,621.624–11,413,928.411 votes
Votes for each of five director nominees
Quorum percentage
53.80%
Portion of outstanding Class B shares represented
Key Terms
quorum, broker non-votes, independent registered public accounting firm, emerging growth company, +1 more
5 terms
quorum regulatory
"were present in person or by proxy, constituting a quorum under applicable law"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
broker non-votes regulatory
"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 regulatory
"ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year"
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.
emerging growth company regulatory
"Emerging growth company x x Item 5.07."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
definitive proxy statement regulatory
"proposals identified in the Company’s definitive proxy statement on Schedule 14A"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
