StockWatch
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Savings Institutions
AGM/EGMMay 19, 2026, 04:17 PM

Eastern Bankshares Shareholders Elect Directors, Approve Executive Comp

AI Summary

Eastern Bankshares, Inc. held its 2026 annual meeting of shareholders on May 18, 2026. During the meeting, shareholders considered and approved three proposals. These included the election of six directors for a one-year term, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the company's independent registered public accounting firm for the 2026 fiscal year. All proposals passed with strong shareholder support.

Key Highlights

  • Shareholders elected six directors for a one-year term expiring in 2027.
  • Advisory vote on executive compensation was approved with 172,945,389 votes for.
  • Ernst & Young LLP was ratified as the independent auditor for 2026 with 191,474,469 votes for.
  • Director nominee Leon A. Palandjian received 172,404,490 votes for.
  • Director nominee Cathleen A. Schmidt received 172,755,127 votes for.