Verra Mobility sets annual say-on-pay vote schedule
Verra Mobility Corporation filed an amendment to its current report to disclose the Board of Directors’ decision on how often to hold stockholder advisory votes on executive compensation.
Rhea-AI Filing Summary
Verra Mobility Corporation filed an amendment to its current report to disclose the Board of Directors’ decision on how often to hold stockholder advisory votes on executive compensation. Stockholders at the 2026 annual meeting expressed a preference for holding these Say-on-Pay Votes every year.
Based on that vote and the Board’s prior recommendation, the Board determined that future non-binding advisory Say-on-Pay Votes will be held annually. This practice will continue until the next required Say-on-Frequency Vote, when stockholders will again indicate their preferred frequency.
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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 Terms
non-binding advisory votes, Say-on-Pay Votes, Say-on-Frequency Votes, proxy statement, +1 more
5 terms
non-binding advisory votes regulatory
"future non-binding advisory votes on the compensation of the Company’s named executive officers"
Say-on-Pay Votes regulatory
"future non-binding advisory Say-on-Pay Votes should be held every one year, two years or three years"
Say-on-Frequency Votes regulatory
"the frequency of holding future non-binding advisory Say-on-Pay Votes (the “Say-on-Frequency Votes”)"
proxy statement regulatory
"the Board’s recommendation ... as set forth in the Company’s proxy statement for the Annual Meeting"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 ... Emerging growth company"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Verra Mobility (VRRM) decide about say-on-pay vote frequency?
Verra Mobility’s Board decided to hold future non-binding advisory Say-on-Pay Votes annually. This decision follows the 2026 annual meeting, where stockholders who voted indicated a preference for one-year frequency on executive compensation advisory votes.
How often will Verra Mobility (VRRM) hold future Say-on-Pay Votes?
Future Say-on-Pay Votes at Verra Mobility will be held every year. The Board adopted an annual schedule after stockholders, in a non-binding Say-on-Frequency Vote at the 2026 annual meeting, showed a preference for one-year intervals.
Are Verra Mobility (VRRM) Say-on-Pay Votes binding on the company?
The Say-on-Pay Votes at Verra Mobility are non-binding advisory votes. They allow stockholders to express views on named executive officer compensation, while final compensation decisions remain with the Board and its compensation processes.
What is the Say-on-Frequency Vote mentioned by Verra Mobility (VRRM)?
The Say-on-Frequency Vote is a non-binding advisory stockholder vote on how often Say-on-Pay Votes should occur. At the 2026 annual meeting, stockholders favored an annual frequency, which the Board chose to follow.
How long will Verra Mobility (VRRM) use the annual Say-on-Pay schedule?
Verra Mobility plans to hold Say-on-Pay Votes annually until the next required Say-on-Frequency Vote. At that future vote, stockholders will again be asked to indicate their preferred frequency for these advisory compensation votes.
Why did Verra Mobility (VRRM) file an amended current report?
The company filed an amended current report to formally disclose the Board’s decision on Say-on-Pay vote frequency. This disclosure responds to Item 5.07(d) requirements following the 2026 annual meeting’s Say-on-Frequency Vote results.
AI-generated analysis. How Rhea-AI works. Not financial advice.
