WEST BANCORPORATION INC 8-K

What Happened

• West Bancorporation, Inc. (WTBA) filed an 8-K on April 24, 2026 reporting the results of its Annual Meeting held April 23, 2026 (record date: February 13, 2026). There were 16,940,785 shares outstanding and 14,049,876 shares (≈82.9%) were represented, creating a quorum.
• Eight directors were elected to one-year terms. The company also held a non-binding advisory vote on 2025 executive compensation and voted to ratify RSM US LLP as its independent registered public accounting firm for 2026.

Key Details

• Shares outstanding (record date): 16,940,785; shares represented at meeting: 14,049,876 (≈82.9%).
• Directors elected (votes For / Withheld / Broker Non-Votes):
  • Lisa J. Elming: 10,623,848 / 379,431 / 3,046,597
  • Steven K. Gaer: 10,651,685 / 351,594 / 3,046,597
  • Douglas R. Gulling: 10,918,882 / 84,397 / 3,046,597
  • Sean P. McMurray: 10,650,623 / 352,656 / 3,046,597
  • David D. Nelson: 10,919,163 / 84,116 / 3,046,597
  • Rosemary Parson: 10,923,229 / 80,050 / 3,046,597
  • John K. Sorensen: 10,925,257 / 78,022 / 3,046,597
  • Therese M. Vaughan: 10,898,547 / 104,732 / 3,046,597
• Advisory vote on 2025 executive compensation: For 10,573,274; Against 418,364; Abstain 11,641; Broker non-votes 3,046,597.
• Ratification of independent auditor (RSM US LLP): For 13,719,188; Against 324,557; Abstain 6,131.
• The 8-K was signed by Jane M. Funk, Executive VP, Treasurer and CFO, on April 24, 2026.

Why It Matters

• Board continuity: All eight director nominees were elected, which signals continuity in the company’s governance and strategy for the coming year.
• Executive pay and governance: The non-binding “say-on-pay” received majority support, indicating shareholders generally approved executive compensation disclosed for 2025 (though the vote is advisory, not binding).
• Audit stability: Shareholders ratified RSM US LLP as the company’s auditor for 2026, confirming the external auditor relationship necessary for financial reporting and audits.