WSFS (NASDAQ: WSFS) investors approve directors, executive pay and KPMG at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
WSFS Financial Corporation held its 2026 Annual Meeting of Stockholders on May 14, 2026. Stockholders elected three directors—Eleuthère I. du Pont, Michelle Hong, and David G. Turner—for three-year terms ending at the 2029 Annual Meeting.
Stockholders also approved, on an advisory and non-binding basis, the compensation of the company’s named executive officers. In addition, they ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
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
Director votes - Eleuthère I. du Pont: 44,060,372 For; 1,628,548 Withheld
Director votes - Michelle Hong: 45,244,499 For; 444,421 Withheld
Director votes - David G. Turner: 40,752,299 For; 4,936,621 Withheld
+4 more
7 metrics
Director votes - Eleuthère I. du Pont
44,060,372 For; 1,628,548 Withheld
Election of directors proposal at 2026 Annual Meeting
Director votes - Michelle Hong
45,244,499 For; 444,421 Withheld
Election of directors proposal at 2026 Annual Meeting
Director votes - David G. Turner
40,752,299 For; 4,936,621 Withheld
Election of directors proposal at 2026 Annual Meeting
Say-on-pay For votes
45,154,752 shares
Advisory approval of named executive officer compensation
Say-on-pay Against votes
487,208 shares
Advisory approval of named executive officer compensation
Auditor ratification For votes
47,050,616 shares
Ratification of KPMG LLP as independent registered public accounting firm
Auditor ratification Against votes
1,471,016 shares
Ratification of KPMG LLP as independent registered public accounting firm
Key Terms
advisory (non-binding) basis, independent registered public accounting firm, broker non-votes, Annual Meeting of Stockholders
4 terms
advisory (non-binding) basis financial
"approved, on an advisory (non-binding) basis, the compensation of the Registrant's named executive officers"
independent registered public accounting firm financial
"ratified the appointment of KPMG LLP as the Registrant'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.
broker non-votes financial
"For | Against | Abstain | Broker Non-Votes 45,154,752 | 487,208 | 46,953 | 2,841,562"
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.
Annual Meeting of Stockholders financial
"The 2026 Annual Meeting of Stockholders (the "Meeting") of WSFS Financial Corporation"
FAQ
What did WSFS (WSFS) stockholders approve at the 2026 annual meeting?
Stockholders approved all three proposals presented at the 2026 annual meeting. They elected three directors, supported executive compensation on an advisory basis, and ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
Who was elected to the WSFS (WSFS) board of directors in 2026?
Stockholders elected Eleuthère I. du Pont, Michelle Hong, and David G. Turner as directors. Each director received more votes “For” than “Withheld,” and they will serve three-year terms ending at the 2029 Annual Meeting of Stockholders.
Which audit firm did WSFS (WSFS) stockholders ratify for fiscal 2026?
Stockholders ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The ratification vote had 47,050,616 shares “For,” 1,471,016 “Against,” and 8,843 “Abstain,” with no broker non-votes reported.
What were the vote results for WSFS (WSFS) director Eleuthère I. du Pont?
Eleuthère I. du Pont received 44,060,372 votes “For” and 1,628,548 votes “Withheld,” with 2,841,555 broker non-votes. These results show that a substantial majority of votes cast supported his election to a three-year term on the board.
How many broker non-votes occurred on WSFS (WSFS) executive pay proposal?
The advisory executive compensation proposal recorded 2,841,562 broker non-votes. Broker non-votes arise when brokers lack discretionary authority to vote on a proposal, and those shares are not counted as “For,” “Against,” or “Abstain” on that specific item.