QCR HOLDINGS INC 8-K
Research Summary
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QCR Holdings Inc. Reports Annual Meeting Results, Declares $0.10 Dividend
What Happened
- QCR Holdings, Inc. (QCRH) filed an 8-K disclosing results of its Annual Meeting held May 21, 2026 and announcing a cash dividend. As of the meeting record date, 16,743,302 shares were outstanding and 14,654,430 shares (87.52%) were represented in person or by proxy.
- The company declared a $0.10 per-share cash dividend on May 20, 2026, payable July 3, 2026 to stockholders of record on June 18, 2026. A press release dated May 26, 2026 on the meeting results and dividend was furnished as Exhibit 99.1.
Key Details
- Director elections (Class III) — votes for each nominee:
- James M. Field: For 12,107,359; Withheld 167,164; Broker non-votes 2,379,907
- John F. Griesemer: For 12,029,894; Withheld 244,629; Broker non-votes 2,379,907
- Elizabeth S. Jacobs: For 12,067,090; Withheld 207,433; Broker non-votes 2,379,907
- Marie Z. Ziegler: For 11,711,940; Withheld 562,583; Broker non-votes 2,379,907
- Advisory "say-on-pay" vote: For 11,770,480; Against 472,605; Abstain 31,438; Broker non-votes 2,379,907 (non-binding).
- Auditor ratification: RSM US LLP ratified as independent registered public accounting firm — For 14,451,766; Against 166,762; Abstain 35,902.
Why It Matters
- Dividend: The $0.10 per-share cash dividend provides a direct cash return to shareholders and has a set payable and record date investors can act on.
- Governance: The board slate was largely approved by voting shareholders, and the advisory approval of executive compensation passed, indicating shareholder support for current governance and pay practices (note the say-on-pay is non-binding).
- Auditor ratification: Re-appointment of RSM US LLP maintains the company’s current external audit relationship for fiscal 2026.
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