Independent
Tenure on this board
22.4 yrs
5 nominees · 2 ballot items.
Election of five directors; ratification of Wolf & Company P.C. as independent auditors; and transacting other properly brought business at the meeting.
Elect five nominees to the Board of Directors to serve the terms indicated (four for three-year terms and one for a one-year term).
Ratify the Audit & Risk Committee’s selection of Wolf & Company P.C. as the Company’s independent external auditors for fiscal year ending December 31, 2026.
The proposal asks shareholders to ratify the Audit & Risk Committee’s appointment of Wolf & Company P.C. as the independent auditors for the fiscal year 2026. Management is seeking shareholder approval as a conventional governance step, providing shareholders a say and potentially influencing future auditor selection if not ratified. The context: Wolf & Company P.C. was the Company’s independent registered public accounting firm for 2025 and provided both audit and limited non-audit services; fees for 2025 totaled $356,680. The Board and Audit & Risk Committee recommend ratification, noting pre-approval procedures for audit and permissible non-audit services and the Committee’s oversight of auditor independence. A vote to ratify is non-binding on the Audit & Risk Committee but signals shareholder support; a vote against would prompt the Committee to consider other auditors and could indicate shareholder concern about audit quality, fees, or independence. The recommendation rationale emphasizes continuity, the Committee’s vetting and oversight processes, and that ratification is good governance practice.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 4.2% | 426,548 | $22M |
| 2 | BANC FUNDS CO LLC | 3.7% | 375,469 | $19M |
| 3 | ALLIANCEBERNSTEIN L.P. | 3.6% | 363,860 | $19M |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.0% | 303,250 | $16M |
| 5 | BlackRock, Inc. | 2.7% | 273,358 | $14M |
| 6 | AMERICAN CENTURY COMPANIES INC | 2.3% | 229,986 | $12M |
| 7 | Pacific Ridge Capital Partners, LLC | 1.6% | 158,849 | $8M |
| 8 | STATE STREET CORP | 1.5% | 147,909 | $8M |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.4% | 144,473 | $7M |
| 10 | BlackRock, Inc. | 1.4% | 138,335 | $7M |
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.