Corporate ActionJun 9, 2026, 04:22 PM
Stifel Financial Shareholders Approve 294M Total Authorized Shares
AI Summary
Stifel Financial Corp. shareholders approved significant corporate actions at their Annual Meeting on June 9, 2026. Key approvals included an increase in the total number of authorized shares from 197,000,000 to 294,000,000, and common stock from 194,000,000 to 291,000,000. Additionally, amendments to the 2001 Incentive Stock Plan were approved, increasing its capacity by 9,000,000 shares. Shareholders also elected twelve directors, provided advisory approval for executive compensation, and ratified KPMG LLP as the independent auditor for 2026.
Key Highlights
- Shareholders approved increasing total authorized shares from 197,000,000 to 294,000,000.
- Common stock authorized increased from 194,000,000 to 291,000,000 shares.
- Approved amendment to the 2001 Incentive Stock Plan, increasing capacity by 9,000,000 shares.
- Twelve directors were elected to the Board of Directors.
- Executive compensation was approved on an advisory basis with 123,866,225 votes For.
- KPMG LLP was ratified as the independent registered public accounting firm for 2026.
- 153,794,394 shares of common stock were outstanding and entitled to vote on the record date.
- 142,320,057 shares were represented at the Annual Meeting, constituting a quorum.
Price Impact
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