First Northwest Bancorp Shareholders Reject Supermajority Removal

First Northwest Bancorp shareholders rejected a proposal to remove supermajority provisions from the company's Amended and Restated Articles of Incorporation, as it did not receive the required 80% affirmative vote of outstanding shares. Concurrently, shareholders approved the Amended and Restated 2020 Equity Incentive Plan, which increases the shares available for issuance by 300,000 to 820,000 and raises the annual compensation limit for non-employee directors from $150,000 to $175,000. Additionally, all nine director nominees were elected, and the advisory vote on executive compensation was approved.