Avidbank Holdings, Inc. 8-K

What Happened

• Avidbank Holdings, Inc. announced the results of its 2026 Annual Meeting of Shareholders held on May 19, 2026. As of the record date of March 27, 2026 there were 10,955,167 shares outstanding; 8,713,597 shares were present in person or by proxy, constituting a quorum.
• All ten director nominees were elected to serve until the 2027 Annual Meeting. Shareholders also ratified the appointment of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

Key Details

• Meeting date: May 19, 2026; record date: March 27, 2026; outstanding shares: 10,955,167; shares present/voting: 8,713,597.
• All 10 director nominees elected; broker non-votes of 571,308 were recorded on the director elections.
• Notable vote counts: Kristofer W. Biorn received 7,902,395 votes for and 239,894 votes withheld (the largest withheld total among nominees).
• Auditor ratification: Crowe LLP was ratified with 8,693,714 votes for and 19,883 votes against; no abstentions reported.

Why It Matters

• The election of all board nominees maintains management and board continuity through the 2027 annual meeting. The auditor ratification confirms continuity in the company’s external audit for fiscal 2026.
• The presence of broker non-votes (571,308) and a relatively high number of withheld votes for one director are factual indicators of some shareholder non-affirmation for board matters, but did not prevent the nominees’ election or the auditor’s ratification.