Bancorp, Inc. Reports Annual Meeting Vote Results

What Happened
The Bancorp, Inc. (TBBK) filed an 8-K reporting the final results of its annual meeting held May 27, 2026. All ten director nominees were elected to one-year terms expiring at the 2027 annual meeting. Stockholders also approved, on an advisory (non-binding) basis, the company’s executive compensation (say-on-pay) and ratified Crowe LLP as the Company’s independent registered public accounting firm for fiscal 2026.

Key Details

• Directors elected (one-year terms to 2027): all ten nominees received majority support; votes for nominees ranged roughly from 33.6M to 35.7M; consistent broker non-votes: 2,455,867. Example tallies: Dwayne L. Allen — 35,648,223 for; Matthew N. Cohn — 34,773,482 for with 1,019,713 against; Cheryl D. Creuzot — 33,643,246 for with 1,328,874 against and 842,600 abstentions.
• Say-on-pay (Proposal 2): Approved on an advisory basis — 34,569,859 for; 1,220,698 against; 24,163 abstentions; 2,455,867 broker non-votes.
• Auditor ratification (Proposal 3): Crowe LLP ratified — 38,117,666 for; 121,595 against; 31,326 abstentions; 0 broker non-votes.

Why It Matters

• Board continuity: Re-election of all ten directors maintains current governance and strategy continuity, which can affect oversight of operations and strategic decisions.
• Executive compensation: Advisory approval of pay signals majority shareholder support for compensation practices, though the vote is non-binding.
• Auditor continuity: Ratification of Crowe LLP preserves the Company’s external audit relationship for fiscal 2026, relevant to financial reporting and investor confidence.