13 nominees · 3 ballot items.
Election of 13 directors; ratification of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for 2026; and consideration of any other business that may properly come before the Annual Meeting.
To elect thirteen (13) directors to serve until the 2027 Annual Meeting and until their successors are duly elected and qualified or until earlier resignation or removal.
To ratify the appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
To transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.
This proposal is a catch‑all management proposal that asks shareholders to allow the meeting to transact any additional matters that are properly brought before the Annual Meeting or any adjournment. Management seeks this authority to provide flexibility to address procedural or unexpected substantive items that may arise after the proxy materials are finalized, and to ensure the proxy holders can exercise judgement on behalf of absent stockholders. The Board recommends a vote FOR largely because it believes granting discretionary authority is necessary to ensure that votes can be cast on behalf of uninstructed shares if legitimately presented matters arise, and because the proxy holders are expected to exercise such discretion in the best interests of the Company and its stockholders. From a governance perspective this item is routine and common in proxy statements, but it does raise the shareholder oversight consideration that unspecified matters may be voted without prior, detailed disclosure in the proxy materials. Practically, the risk is limited because stockholders can withhold authority by submitting specific instructions or vote in person, and NYSE/SEC rules constrain what brokers may do absent instructions on certain non‑routine items. Analysts evaluating this proposal should weigh the benefits of operational flexibility and orderly meeting procedure against the theoretical risk of votes being cast on material matters without full prior disclosure; engagement and active voting by holders mitigates that risk. For sophisticated investors, the most relevant monitor is whether the Board and management have historically used discretionary authority prudently and whether any significant post‑mailing actions would be accompanied by timely supplemental disclosures.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Hingham Institution for Savings | 4.70% | 308,612 | $11M |
| 2 | FJ Capital Management LLC | 4.48% | 293,788 | $10M |
| 3 | ROYCE ASSOCIATES LP | 4.25% | 278,901 | $10M |
| 4 | Gator Capital Management, LLC | 3.19% | 209,273 | $7M |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 1.88% | 123,182 | $4M |
| 6 | ENDEAVOUR CAPITAL ADVISORS INC | 1.27% | 83,256 | $3M |
| 7 | Beartown Capital Management, LLC | 1.16% | 75,794 | $3M |
| 8 | BlackRock, Inc. | 1.10% | 72,244 | $3M |
| 9 | ALLIANCEBERNSTEIN L.P. | 1.00% | 65,899 | $2M |
| 10 | EJF Capital LP | 0.86% | 56,494 | $2M |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.