RBB Bancorp 8-K

What Happened

• RBB Bancorp announced the results of its May 21, 2026 Annual Meeting of Shareholders. Shareholders elected nine directors to the Board, approved the compensation of the company’s named executive officers on a non‑binding (advisory) basis, and ratified Crowe LLP as the independent registered public accounting firm for the 2026 fiscal year.
• On the record date (March 24, 2026) there were 17,074,159 shares outstanding; 11,882,478 shares participated in the meeting (about 69.6% turnout).

Key Details

• Board elections: All nine nominees were elected, including Robert M. Franko, Christina Kao, Dr. James W. Kao, Johnny Lee, Joyce Wong Lee, David R. Morris, Geraldine Pannu, Scott Polakoff, and Frank Wong. Example vote counts: Robert M. Franko — 10,155,280 FOR; Scott Polakoff — 9,294,784 FOR with 895,658 withheld.
• Say-on-pay (advisory): Approved with 9,961,044 FOR, 227,006 AGAINST, 2,392 ABSTAIN, and 1,692,036 broker non‑votes.
• Auditor ratification: Crowe LLP ratified as independent auditor for fiscal 2026 with 11,881,286 FOR, 179 AGAINST, and 1,013 ABSTAIN.
• Broker non‑votes: 1,692,036 broker non‑votes were recorded on the contested matters.

Why It Matters

• Board continuity and composition: Election of the nine nominees determines who will oversee company strategy and risk for the coming year—important for governance and long‑term strategy.
• Advisory approval of executive pay signals shareholder sentiment on compensation; although non‑binding, it informs the Board and compensation committee.
• Auditor ratification ensures continuity of the external audit relationship for fiscal 2026, relevant to financial reporting quality and investor confidence.