Velocity Financial holders back board and pay
Velocity Financial, Inc. held its Annual Meeting of Shareholders on May 21, 2026.
Rhea-AI Filing Summary
Velocity Financial, Inc. held its Annual Meeting of Shareholders on May 21, 2026. All director nominees were re-elected, each receiving about 24.4–24.7 million votes in favor and very few votes against or abstentions, alongside 1,181,801 broker non-votes per nominee.
Shareholders approved the advisory vote on 2025 executive compensation, with 24,590,950 votes for, 92,104 against, 4,617 abstentions and 1,181,801 broker non-votes. They also ratified RSM US LLP as independent auditor for 2026, supported by 25,860,650 votes for, 2,294 against and 6,528 abstentions.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
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 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Votes for say-on-pay: 24,590,950 votes
Votes against say-on-pay: 92,104 votes
Broker non-votes on say-on-pay: 1,181,801 votes
+3 more
6 metrics
Votes for say-on-pay
24,590,950 votes
Advisory approval of 2025 executive compensation
Votes against say-on-pay
92,104 votes
Advisory approval of 2025 executive compensation
Broker non-votes on say-on-pay
1,181,801 votes
Advisory approval of 2025 executive compensation
Votes to ratify auditor
25,860,650 votes
Ratification of RSM US LLP as 2026 independent auditor
Votes against auditor ratification
2,294 votes
Ratification of RSM US LLP as 2026 independent auditor
Lowest director support (for votes)
24,420,558 votes
Votes for director nominee John A. Pless
Key Terms
Broker Non-Votes, named executive officers’ compensation, independent auditor, Emerging growth company, +1 more
5 terms
Broker Non-Votes financial
"Broker Non-Votes | | | 1,181,801"
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.
named executive officers’ compensation financial
"The approval of our named executive officers’ compensation on an advisory basis"
independent auditor financial
"The ratification of RSM US LLP as our independent auditor for 2026."
An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.
Emerging growth company regulatory
"Emerging growth company We held our Annual Meeting of Shareholders"
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.
Compensation Discussion and Analysis financial
"including the Compensation Discussion and Analysis, the compensation tables and the related narrative disclosure"
A compensation discussion and analysis is a section in corporate filings that explains how and why executives and other key employees are paid, linking pay choices to company goals, performance measures and risk controls. Investors use it like a company’s playbook for pay to judge whether incentives reward long-term value or encourage short-term risk-taking; clear explanations help assess alignment between management’s interests and shareholders’ returns.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Were all Velocity Financial (VEL) director nominees re-elected in 2026?
Yes, all Velocity Financial director nominees were re-elected. Each candidate received roughly 24.4–24.7 million votes for, with only a small number of votes against or abstaining and 1,181,801 broker non-votes per nominee, indicating broad shareholder support for the existing board composition and oversight structure.
Who is Velocity Financial’s independent auditor for 2026 and how was it ratified?
RSM US LLP was ratified as Velocity Financial’s independent auditor for 2026. Shareholders cast 25,860,650 votes for ratification, with 2,294 votes against and 6,528 abstentions, reflecting a clear majority in favor of continuing the current audit firm relationship for the upcoming fiscal year.
What are broker non-votes in Velocity Financial (VEL) 2026 meeting results?
Broker non-votes occur when brokers hold shares for clients but are not instructed how to vote on specific proposals. In Velocity Financial’s 2026 meeting, there were 1,181,801 broker non-votes on director elections and the say-on-pay proposal, which still passed with strong support overall.
AI-generated analysis. How Rhea-AI works. Not financial advice.
