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8-KFiled Sep 1, 8:00 PM ET

Riverview Bancorp Reports Board Reduction and 2026 Annual Meeting Results

$RVSB · RIVERVIEW BANCORP INC
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Research Summary

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Riverview Bancorp Reports Board Reduction and 2026 Annual Meeting Results

What Happened
Riverview Bancorp, Inc. (RVSB) filed an 8-K on September 2, 2026 reporting actions taken at its Annual Meeting of Stockholders held August 27, 2026 and a related bylaws amendment. The company and Riverview Bank’s boards amended their bylaws to reduce board size from ten to nine members following the retirement of Director Carlson (previously disclosed Apr 24, 2026). The meeting had a quorum with 13,933,637 shares represented of 20,160,613 outstanding.

Key Details

  • Board change: bylaws amended (Aug 27, 2026) to decrease board size from 10 to 9 due to Director Carlson’s retirement.
  • Director elections (votes of shares present = 13,933,637):
    • Bess R. Wills: 9,564,110 FOR (68.64%); 4,369,527 WITHHELD (31.36%). Elected to a three-year term expiring 2029.
    • Larry A. Hoff: 9,303,311 FOR (66.77%); 4,630,826 WITHHELD (33.23%). Elected to a three-year term expiring 2029.
    • Jon L. Girod: 13,846,924 FOR (99.38%); 86,713 WITHHELD (0.62%). Elected to a one-year term expiring 2027.
    • Kourosh N. Zamanizadeh: 13,756,681 FOR (98.73%); 176,956 WITHHELD (1.27%). Elected to a one-year term expiring 2027.
    • Terms of Gerald L. Nies, Patricia W. Eby, Valerie Moreno, Stacey A. Graham and B. Nicole Sherman continued.
  • Advisory vote on executive compensation (Say-on-Pay): FOR 8,512,601 (61.10%); AGAINST 4,800,546 (34.45%); ABSTAIN 620,490 (4.45%). Proposal approved.
  • Adoption of the 2026 Stock Purchase Plan: FOR 13,721,326 (98.49%); AGAINST 195,836 (1.40%); ABSTAIN 16,475 (0.11%). Plan approved.
  • Filing includes updated meeting materials as Exhibit 99.1.

Why It Matters
These outcomes confirm the company’s board composition and governance changes (including a one-seat reduction) and show investor support for the 2026 Stock Purchase Plan and the company’s executive pay in a non-binding vote. Director election vote counts highlight where support was strong (Girod, Zamanizadeh) and where votes were more contested (Wills, Hoff), information investors may consider when assessing governance and shareholder sentiment.