BIMINI CAPITAL MANAGEMENT, INC. 8-K

What Happened Bimini Capital Management, Inc. filed an 8-K on June 9, 2026 reporting results from its annual meeting of stockholders held that day. As of the record date (April 16, 2026) there were 10,034,668 shares outstanding and entitled to vote. Stockholders elected Robert E. Cauley as a Class II director (term to 2029), ratified BDO USA, P.C. as the company’s independent registered public accounting firm for the year ending December 31, 2026, approved the First Amendment to the Company’s Rights Agreement, and approved (non-binding) the company’s 2025 executive compensation.

Key Details

• Record date / shares outstanding: April 16, 2026 — 10,034,668 shares.
• Proposal 1 (Director election): Robert E. Cauley elected — For: 4,126,106; Against: 1,030,609; Abstain: 7,589; Broker non-votes: 2,266,224.
• Proposal 2 (Auditor ratification): BDO USA, P.C. ratified — For: 7,408,328; Against: 14,646; Abstain: 7,554.
• Proposal 3 (First Amendment to Rights Agreement): Approved — For: 4,139,041; Against: 1,016,742; Abstain: 8,521; Broker non-votes: 2,266,224.
• Proposal 4 (Advisory vote on 2025 exec compensation): Approved (non-binding) — For: 4,120,960; Against: 1,035,071; Abstain: 8,273; Broker non-votes: 2,266,224.

Why It Matters These governance votes affect board composition, oversight, and shareholder-approved governance documents. The election of Robert Cauley fills a Class II board seat through the 2029 annual meeting. Ratifying BDO USA, P.C. confirms the firm that will audit the company’s 2026 financials. Approval of the Rights Agreement amendment and the advisory approval of 2025 executive pay indicate shareholder support for the proposed governance changes and compensation approach; the compensation vote is advisory (non-binding) but signals investor sentiment.