MAUI LAND & PINEAPPLE CO INC 8-K

What Happened

• Maui Land & Pineapple Co., Inc. (MLP) filed an 8‑K on May 27, 2026 reporting results of its 2026 annual meeting of stockholders (record date April 2, 2026; 19,868,771 shares outstanding).
• Stockholders elected all seven director nominees to one‑year terms. Voting results by nominee were:
  • Glyn Aeppel: 13,814,017 for / 1,125,387 withheld / 3,289,500 broker non‑votes
  • Steve Case: 14,473,629 for / 465,775 withheld / 3,289,500 broker non‑votes
  • A. Catherine Ngo: 13,725,814 for / 1,213,590 withheld / 3,289,500 broker non‑votes
  • Ken Ota: 13,812,707 for / 1,126,697 withheld / 3,289,500 broker non‑votes
  • John Sabin: 14,905,935 for / 33,469 withheld / 3,289,500 broker non‑votes
  • R. Scot Sellers: 14,916,574 for / 22,830 withheld / 3,289,500 broker non‑votes
  • Anthony P. Takitani: 14,849,864 for / 89,540 withheld / 3,289,500 broker non‑votes
• Proposal 2 (advisory vote on named executive officer compensation) was approved on a non‑binding basis: 14,604,008 for / 372,648 against / 24,032 abstained / 3,289,500 broker non‑votes.
• Proposal 3 (ratification of Accuity LLP as independent registered public accounting firm for fiscal 2026) was approved: 18,261,724 for / 22,681 against / 5,783 abstained.

Key Details

• Record date and shares outstanding: April 2, 2026; 19,868,771 shares.
• Broker non‑votes: 3,289,500 on director and advisory compensation proposals.
• Advisory vote on executive compensation: approved with ~97.2% of shares voting on the proposal in favor (14,604,008 of 14, (for+against+abstain) 14,? — see filing for exact percent).
• Auditor ratification: Accuity LLP ratified with 18,261,724 shares in favor.

Why It Matters

• Board continuity: Re‑election of all seven nominees keeps the current board in place for another year, maintaining existing governance and strategic oversight.
• Shareholder feedback: The non‑binding advisory approval of executive compensation signals shareholder acceptance of pay practices this year (though advisory and not legally binding).
• Audit continuity: Ratification of Accuity LLP provides continuity for the company’s independent audit relationship for fiscal 2026, which can affect financial reporting stability.

Note: All vote totals and counts are as reported in the company’s Form 8‑K filed May 27, 2026.