Forum Markets Inc Reports 2026 Annual Meeting Vote Results

What Happened

• Forum Markets, Incorporated (FRMM) filed an 8-K reporting the results of its 2026 Annual Meeting held on August 19, 2026. Shareholders representing 9,228,510 shares (68.50% of voting stock as of the June 24, 2026 record date) were present in person or by proxy, establishing a quorum.
• Three Class II directors were elected to two‑year terms: McAndrew Rudisill, Ryan Smith, and Jason New. An advisory (non‑binding) vote on executive compensation (“say‑on‑pay”) was approved, and shareholders ratified M&K CPAS, PLLC as the company’s independent auditors for fiscal 2026.

Key Details

• Quorum: 9,228,510 shares present (68.50% of voting shares, record date June 24, 2026).
• Director election vote totals:
  • McAndrew Rudisill: For 4,704,477; Withheld 1,585,734; Broker non‑votes 2,938,299.
  • Ryan Smith: For 5,454,924; Withheld 835,287; Broker non‑votes 2,938,299.
  • Jason New: For 6,200,982; Withheld 89,229; Broker non‑votes 2,938,299.
• Say‑on‑pay (advisory): For 3,838,696; Against 2,436,628; Abstain 14,887; Broker non‑votes 2,938,299.
• Auditor ratification: M&K CPAS, PLLC ratified as independent auditors — For 9,060,830; Against 144,888; Abstain 22,792.

Why It Matters

• The election results determine the company’s board makeup and governance for the next two years; all three nominees were elected.
• The advisory approval of executive compensation passed, but the non‑binding vote shows a notable number of shares opposed (2.44M against) and significant broker non‑votes, which investors may watch as an indicator of shareholder sentiment.
• Ratification of M&K CPAS, PLLC confirms the company’s auditor for fiscal 2026, which affects the firm’s financial reporting oversight.