$OCFC·8-K

OCEANFIRST FINANCIAL CORP · May 28, 5:15 PM ET

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OCEANFIRST FINANCIAL CORP 8-K

Research Summary

AI-generated summary

Updated

OceanFirst Financial Corp. Approves 2026 Stock Incentive Plan; Directors Elected

What Happened

  • OceanFirst Financial Corp. (OCFC) filed an 8-K dated May 28, 2026 reporting results of its 2026 Annual Meeting of Stockholders. A total of 50,762,286 shares were present or represented by proxy.
  • Stockholders approved the OceanFirst Financial Corp. 2026 Stock Incentive Plan. The filing notes the material features were included in the proxy (filed April 27, 2026) and that forms of the related award agreements are filed as exhibits to this 8-K.
  • All thirteen director nominees were elected to one-year terms. The meeting also included a non-binding advisory vote on executive compensation ("say-on-pay") and ratification of Deloitte & Touche LLP as independent auditors for 2026.

Key Details

  • Total shares present/represented: 50,762,286.
  • 2026 Stock Incentive Plan vote: 41,649,786 for; 2,757,137 against; 888,986 abstain; 5,466,377 broker non‑votes.
  • Advisory (say-on-pay) vote: 42,473,812 for; 1,816,614 against; 1,005,483 abstain; 5,466,377 broker non‑votes.
  • Auditor ratification: Deloitte & Touche LLP ratified with 49,515,766 for; 205,551 against; 1,040,969 abstain.
  • Thirteen directors elected (each received majority support; individual vote totals reported in the filing), including John F. Barros, Anthony R. Coscia, Jack M. Farris, Robert C. Garrett, Kimberly M. Guadagno, Nicos Katsoulis, Joseph J. Lebel III, Christopher D. Maher, Joseph M. Murphy, Jr., Steven M. Scopellite, Grace C. Torres, Patricia L. Turner, and Dalila Wilson‑Scott.

Why It Matters

  • Approval of the 2026 Stock Incentive Plan enables OceanFirst to grant equity-based compensation (restricted stock, RSUs, stock options, performance awards) per the plan and the award agreement forms, which can affect management and employee incentives and future share dilution.
  • Re-election of the full board and ratification of the auditor provide continuity in governance and financial oversight. The advisory vote results (majority in favor) indicate shareholder support—but are non‑binding—of the company’s named executive officer compensation.
  • Investors should note the vote margins, broker non‑votes, and that plan documentation and award agreement forms are publicly filed (proxy filed April 27, 2026; award forms attached to this 8‑K) for details on vesting, performance metrics, and potential dilution.

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