STEELE BANCORP INC 8-K

What Happened

• STEELE BANCORP Inc. (filed 8-K on 2026-05-12) reported results of its shareholder votes held at the annual meeting. Shareholders elected four directors for three-year terms expiring in 2029 (Timothy J. Apple, Richard J. Drzewiecki, Bradley E. Moyer, and J. Todd Troxell). The advisory vote to approve named executive officer compensation (say-on-pay) passed, and shareholders selected a one-year frequency for future advisory votes on executive compensation. Shareholders also ratified YHB CPAs and Consultants as the company’s independent registered public accounting firm for 2026. A slide presentation was furnished as Exhibit 99.1.

Key Details

• Directors elected (votes FOR / WITHHELD / BROKER NON-VOTE):
  • Timothy J. Apple: 1,489,522 / 81,604 / 235,121
  • Richard J. Drzewiecki: 1,477,289 / 93,837 / 235,121
  • Bradley E. Moyer: 1,476,412 / 94,714 / 235,121
  • J. Todd Troxell: 1,453,786 / 117,340 / 235,121
• Say-on-pay (advisory approval of named executive officer compensation): For 1,441,453; Against 67,602; Abstain 62,071; Broker Non-Vote 235,121.
• Say-on-frequency (how often to hold advisory votes on pay): 1 Year 859,024; 2 Years 68,143; 3 Years 588,336; Abstain 55,623; Broker Non-Vote 235,121.
• Auditor ratification for 2026: For 1,723,241; Against 20,403; Abstain 62,603.

Why It Matters

• Governance: Election of all four director nominees maintains board continuity through 2029, which can affect strategic oversight and risk management.
• Executive pay oversight: Approval of say-on-pay and a one-year frequency means investors will have an annual advisory vote on executive compensation, reflecting ongoing shareholder input on pay practices.
• Financial oversight: Ratification of YHB CPAs and Consultants as auditor establishes the firm responsible for auditing the company’s 2026 financial statements.
• For investors: These are governance and oversight developments—no new financial results or management changes were reported in this filing.