Nicolet Bankshares (NIC) investors approve directors, auditor and say-on-pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Nicolet Bankshares, Inc. held its Annual Meeting of shareholders on May 18, 2026. Shareholders elected all 12 director nominees, each receiving more votes "For" than "Withheld," with Glen E. Tellock receiving 14,910,311 votes for and 194,103 withheld.
Shareholders also ratified the selection of Forvis Mazars, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 16,862,884 votes for, 31,390 against and 35,540 abstentions. On a non-binding advisory basis, shareholders approved the compensation of Nicolet’s named executive officers, with 10,078,861 votes for, 4,938,131 against, 87,770 abstentions and 1,825,052 broker non-votes.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Glen E. Tellock: 14,910,311 votes
Votes for auditor ratification: 16,862,884 votes
Votes against auditor ratification: 31,390 votes
+3 more
6 metrics
Votes for Glen E. Tellock
14,910,311 votes
Director election at 2026 Annual Meeting
Votes for auditor ratification
16,862,884 votes
Forvis Mazars, LLP ratified for fiscal year ending December 31, 2026
Votes against auditor ratification
31,390 votes
Forvis Mazars, LLP selection
Say-on-pay votes for
10,078,861 votes
Non-binding approval of named executive officer compensation
Say-on-pay votes against
4,938,131 votes
Non-binding approval of named executive officer compensation
Say-on-pay broker non-votes
1,825,052 votes
Advisory vote on executive compensation
Key Terms
broker non-votes, independent registered public accounting firm, non-binding basis, named executive officers
4 terms
broker non-votes financial
"Name | For | Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"Forvis Mazars, LLP as Nicolet’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
non-binding basis financial
"Approval, on a non-binding basis, of the compensation paid"
named executive officers financial
"compensation paid to Nicolet’s named executive officers"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
