Corporate GovernanceMay 22, 2026, 05:02 PM
Investar Holding shareholders approve new 1.8M share incentive plan
AI Summary
Investar Holding Corporation shareholders approved the Second Amended and Restated 2017 Long-Term Incentive Compensation Plan at the 2026 Annual Meeting. This plan authorizes the issuance of up to 1,800,000 shares of common stock to motivate performance and align interests of employees and directors with stockholders. Additionally, shareholders elected 13 directors, ratified BDO USA, P.C. as the independent auditor, and approved executive compensation on an advisory basis. They also voted for annual advisory votes on executive compensation.
Key Highlights
- Shareholders approved the Second Amended and Restated 2017 Long-Term Incentive Compensation Plan.
- The plan authorizes the issuance of up to 1,800,000 shares of common stock.
- Thirteen directors were elected to serve one-year terms.
- BDO USA, P.C. was ratified as the independent auditor for 2026 with 9,715,205 votes For.
- Named executive officer compensation was approved on an advisory basis with 7,321,191 votes For.
- Shareholders approved annual advisory votes on executive compensation with 6,964,284 votes for "Every One Year".
- 9,748,740 shares were represented at the Annual Meeting out of 13,744,225 outstanding.
Price Impact
More from ISTR