Monro, Inc. Reports Annual Meeting Results; Declares $0.28 Dividend

What Happened

• Monro, Inc. (MNRO) filed an 8-K on August 13, 2026 reporting results from its Annual Meeting and a board-declared quarterly dividend. Approximately 27,722,871 shares (88.72% of outstanding common stock) were represented at the meeting. Eight directors were elected to one-year terms (until the 2027 annual meeting): Peter D. Fitzsimmons, Lindsay N. Hyde, Leah C. Johnson, Stephen C. McCluski, Robert E. Mellor, Thomas B. Okray, Peter J. Solomon and Hope B. Woodhouse.
• Shareholders also voted on executive compensation (advisory) and ratified PricewaterhouseCoopers LLP as the company’s independent auditor for fiscal 2027. Separately, on August 11, 2026 the Board declared a quarterly cash dividend of $0.28 per share, payable September 8, 2026 to shareholders of record as of August 25, 2026.

Key Details

• Shares represented: 27,722,871 (88.72% of outstanding common stock) at the Annual Meeting.
• Directors elected: All eight nominees elected; votes for individual nominees ranged (e.g., Peter D. Fitzsimmons: 20,267,962 votes for / 5,314,690 withheld; Robert E. Mellor: 15,238,939 votes for / 10,343,713 withheld). Broker non-votes for director elections: 2,140,219.
• Advisory vote on pay: 18,483,090 votes FOR the named executive officers’ compensation; 1,829,602 AGAINST; 5,269,960 ABSTENTIONS (broker non-votes: 2,140,219).
• Dividend declared: $0.28 per share, declared August 11, 2026; payable September 8, 2026; record date August 25, 2026.
• Auditor ratified: PricewaterhouseCoopers LLP reappointed (votes for: 21,678,339; against: 900,051; abstentions: 5,144,481).

Why It Matters

• Board election results confirm Monro’s leadership for the coming year and show varying levels of shareholder support for individual directors (as reflected in withheld votes and broker non-votes).
• The favorable advisory vote on executive pay signals shareholder assent to compensation practices, while the auditor ratification maintains audit continuity.
• The $0.28 quarterly dividend is a direct cash return to shareholders with a clear payment and record date timeline; income-focused investors will note the declared amount and schedule.