Columbia Financial, Inc. 8-K

What Happened

• Columbia Financial, Inc. announced results of its June 25, 2026 annual meeting. Shareholders approved the Plan of Conversion and Reorganization and the Agreement and Plan of Merger (filed Jan 31, 2026) that will effect the conversion and merger.
• Key vote tallies: the Columbia Conversion Proposal passed with 97,596,046 FOR, 168,100 AGAINST, and 18,738 ABSTAIN (2,801,726 broker non-votes). The Columbia Merger Proposal passed with 97,556,753 FOR, 206,041 AGAINST, and 20,090 ABSTAIN (2,801,726 broker non-votes).
• Other matters approved included informational provisions for Columbia Financial, Inc.’s articles (super‑majority and 10% voting limit), election of directors, ratification of KPMG LLP as auditor, and advisory (non‑binding) approval of executive compensation. The Board will hold an annual advisory vote on executive compensation based on the frequency vote results.

Key Details

• Annual meeting date: June 25, 2026.
• Conversion vote: 97,596,046 FOR; 168,100 AGAINST; 18,738 ABSTAIN; 2,801,726 broker non-votes.
• Merger vote: 97,556,753 FOR; 206,041 AGAINST; 20,090 ABSTAIN; 2,801,726 broker non-votes.
• Auditor ratified: KPMG LLP approved with 100,166,729 FOR, 302,780 AGAINST, 115,101 ABSTAIN (no broker non-votes).
• Say-on-pay advisory: 96,704,947 FOR; Board will conduct annual advisory votes on executive compensation.

Why It Matters

• Shareholder approval of the Plan of Conversion and the Merger Proposal clears key shareholder vote requirements, allowing the planned conversion and merger transaction to move forward under the terms previously disclosed. These are material corporate actions that will change the company’s organizational structure and ownership.
• Ratification of KPMG as the independent auditor and approval of director elections complete governance items needed for continued operations and regulatory compliance. The annual say‑on‑pay decision signals ongoing shareholder support for the company’s executive compensation approach.