South Plains Financial Reports 2026 Annual Meeting Results

What Happened
South Plains Financial, Inc. (SPFI) filed an 8-K reporting the results of its virtual 2026 Annual Meeting held May 11, 2026 (record date March 19, 2026). Of 16,342,095 shares outstanding, 14,766,189 were represented, constituting a quorum. Shareholders elected two Class I directors, ratified Forvis Mazars, LLP as the independent auditor for 2026, and approved, on a non-binding advisory basis, executive compensation (say-on-pay).

Key Details

• Shares outstanding and quorum: 16,342,095 shares entitled to vote; 14,766,189 shares represented at the meeting.
• Director elections (terms through 2029):
  • Richard D. Campbell — For: 6,289,536; Against: 5,218,817; Abstain: 92,114; Broker non-votes: 3,165,722.
  • LaDana R. Washburn — For: 7,556,780; Against: 3,951,573; Abstain: 92,114; Broker non-votes: 3,165,722.
• Auditor ratification: Forvis Mazars, LLP ratified — For: 14,673,121; Against: 2,986; Abstain: 90,082.
• Say-on-pay (non-binding advisory): For: 10,752,825; Against: 757,446; Abstain: 90,196; Broker non-votes: 3,165,722.

Why It Matters
These results confirm board continuity with two Class I directors elected through the 2029 annual meeting and formalize the company’s auditor for 2026, which are material governance items for shareholders. The non-binding approval of executive compensation indicates majority shareholder support for the company’s pay practices, while the vote counts and broker non-votes show the level of shareholder engagement on key governance matters.