AGM/EGMMay 28, 2026, 08:17 AM
California BanCorp Shareholders Approve Equity Plan, Elect Directors
AI Summary
California BanCorp held its 2026 Annual Meeting of Shareholders, where key proposals were approved. Shareholders elected ten directors and ratified RSM US LLP as the independent registered public accounting firm for the year ending December 31, 2026. Additionally, the California BanCorp 2026 Omnibus Equity Incentive Plan was approved. Separately, the Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock.
Key Highlights
- Shareholders approved the 2026 Omnibus Equity Incentive Plan with 19,902,405 votes for.
- Ten director nominees were elected for a one-year term.
- RSM US LLP was ratified as the independent registered public accounting firm with 26,793,325 votes for.
- The Board declared a quarterly cash dividend of $0.10 per share.
- The dividend is payable on July 15, 2026, to shareholders of record as of June 23, 2026.
Price Impact
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