Verra Mobility (NASDAQ: VRRM) shareholders back directors, pay and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Verra Mobility Corporation reported voting results from its 2026 annual meeting of stockholders held on May 19, 2026. Stockholders elected three Class II directors to terms lasting until the 2029 annual meeting, including Patrick J. Byrne, David M. Roberts, and John H. Rexford.
Stockholders approved, on a non-binding basis, the compensation of the company’s named executive officers and chose to hold future say-on-pay votes every year. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. The record date for the meeting was March 24, 2026, with 151,906,484 Class A shares entitled to vote.
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 entitled to vote: 151,906,484 shares
Say-on-pay approval: 137,211,722 votes for
Frequency 1-year votes: 136,797,763 votes
+3 more
6 metrics
Shares entitled to vote
151,906,484 shares
Class A common stock outstanding as of March 24, 2026 record date
Say-on-pay approval
137,211,722 votes for
Non-binding executive compensation vote at 2026 annual meeting
Frequency 1-year votes
136,797,763 votes
Support for annual say-on-pay vote frequency
Auditor ratification votes for
144,877,651 votes
Ratification of Deloitte & Touche LLP for fiscal year 2026
Votes for Patrick J. Byrne
125,238,836 votes
Election as Class II director at 2026 annual meeting
Votes for David M. Roberts
136,040,667 votes
Election as Class II director at 2026 annual meeting
Key Terms
non-binding basis, say-on-pay, broker non-votes, independent registered public accounting firm, +1 more
5 terms
non-binding basis regulatory
"stockholders approved, on a non-binding basis, the compensation of the Company’s named executive officers"
say-on-pay regulatory
"Approval of Frequency of Future Say-on-Pay Votes. The Company’s stockholders approved, on a non-binding basis, an annual say-on-pay vote"
A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.
broker non-votes regulatory
"Votes For | | Votes Against | | Abstentions | | Broker Non-Votes 137,211,722 | | 2,759,518 | | 393,789 | | 4,653,513"
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 selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
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.
record date regulatory
"As of March 24, 2026, the record date for the Annual Meeting, there were 151,906,484 shares"
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
What did Verra Mobility (VRRM) stockholders decide at the 2026 annual meeting?
Stockholders elected three Class II directors, approved executive compensation on a non-binding basis, chose an annual say-on-pay vote, and ratified Deloitte & Touche LLP as independent registered public accounting firm for the 2026 fiscal year.
Which directors were elected at Verra Mobility’s 2026 annual stockholder meeting?
Stockholders elected Patrick J. Byrne, David M. Roberts, and John H. Rexford as Class II directors. Each will serve until the company’s 2029 annual meeting of stockholders, or until a successor is duly elected and qualified.
Did Verra Mobility (VRRM) stockholders approve executive compensation in 2026?
Yes. On a non-binding advisory basis, stockholders approved the compensation of Verra Mobility’s named executive officers, with 137,211,722 votes for, 2,759,518 against, 393,789 abstentions, and 4,653,513 broker non-votes recorded.
How often will Verra Mobility hold future say-on-pay votes after the 2026 meeting?
Stockholders supported an annual advisory say-on-pay vote. The one-year frequency option received 136,797,763 votes, compared with 204,369 for two years, 3,182,006 for three years, and 180,891 abstentions.
Which audit firm did Verra Mobility stockholders ratify for the 2026 fiscal year?
Stockholders ratified Deloitte & Touche LLP as Verra Mobility’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 144,877,651 votes for, 88,040 against, and 52,851 abstentions.