COLONY BANKCORP INC 8-K

What Happened
Colony Bankcorp, Inc. (CBAN) filed an 8-K on May 22, 2026 reporting the results of its Annual Meeting held May 21, 2026. As of the March 27, 2026 record date, 21,172,315 shares were outstanding; 16,138,980 shares (76.22%) were represented in person or by proxy. Eight directors were elected to serve until the 2027 annual meeting, shareholders approved an advisory “say on pay” vote, and ratified Mauldin & Jenkins, LLC as the company’s independent registered public accounting firm for 2026.

Key Details

• Shares and quorum: 21,172,315 shares outstanding as of March 27, 2026; 16,138,980 shares (76.22%) represented at the meeting.
• Directors elected: Eight directors (Scott L. Downing; T. Heath Fountain; Audrey D. Hollingsworth; Paul Joiner, III; Mark H. Massee; Meagan M. Mowry; Matthew D. Reed; Brian D. Schmitt) were elected. Individual "for" votes ranged roughly from 13.31M to 13.88M; broker non-votes totaled 2,179,441.
• Say-on-pay: Advisory approval received — For: 13,368,357; Against: 350,535; Abstain: 240,647; Broker non-votes: 2,179,441.
• Auditor ratification: Mauldin & Jenkins, LLC ratified — For: 15,991,044; Against: 143,300; Abstain: 4,636.

Why It Matters
These voting results confirm shareholder support for the company’s current board slate, executive compensation policy (advisory), and its choice of independent auditor. For investors, the outcomes indicate continuity in board leadership and audit oversight; the advisory nature of the say-on-pay vote means it guides board decisions on executive pay but is not binding. The filing was signed by CEO T. Heath Fountain on May 22, 2026.