PARKE BANCORP, INC. 8-K

What Happened

• Parke Bancorp, Inc. (PKBK) filed an 8-K on April 24, 2026 reporting results from its annual meeting held April 21, 2026. Shareholders voted on director elections, ratification of the independent auditor, an advisory (non‑binding) vote on executive compensation, and the frequency of future advisory votes on compensation.
• Directors Vito S. Pantilione and Elizabeth A. Milavsky were elected with 6,879,495 and 6,888,346 votes in favor, respectively (with 1,861,507 broker non‑votes reported for each director). Dr. Edward Infantolino received 4,962,672 votes in favor and 1,992,985 withheld votes (plus 1,861,507 broker non‑votes). The ratification of S.R. Snodgrass, P.C. as independent auditor was approved 8,775,913 For, 17,708 Against, 23,542 Abstain. The advisory say-on-pay was approved For 6,335,958; Against 409,021; Abstain 210,678 (1,861,507 broker non‑votes). Shareholders voted on the frequency of future advisory votes: One year 3,953,415 (56.90%), Two years 433,474 (6.24%), Three years 2,366,650 (34.06%), Abstain 194,612 (2.80%).

Key Details

• Annual meeting date: April 21, 2026; 8-K filed April 24, 2026.
• Director votes: Vito S. Pantilione — For 6,879,495; Withheld 76,162; Broker non‑votes 1,861,507.
• Auditor ratification: S.R. Snodgrass, P.C. — For 8,775,913; Against 17,708; Abstain 23,542.
• Advisory vote on executive compensation: For 6,335,958; Against 409,021; Abstain 210,678. Vote on frequency: One year won a majority at 56.90%.

Why It Matters

• The filing confirms the board's slate of directors (including two strong affirmative vote tallies) and continued engagement with shareholders on compensation matters through an approved annual advisory vote.
• Ratification of the independent auditor provides continuity for the company’s upcoming fiscal-year audit.
• Investors should note the vote counts and the presence of broker non‑votes on certain proposals, and that the advisory say‑on‑pay outcome is non‑binding but signals shareholder preferences on compensation frequency.