Standard Finance (SPFX) shareholders back directors, pay and charter change
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Standard Finance Holdings, Inc. reported the results of its annual shareholder meeting held on June 12, 2026. As of the April 13, 2026 record date, 2,930,698 shares of common stock and 166,000 shares of preferred stock, for a total of 3,096,698 shares, were entitled to vote.
Shareholders elected three directors — William Koppelmann, Mark Kutner, MD, and Scott Howell, MD — each receiving 2,009,915 votes for and no votes withheld. They also approved, on an advisory basis, executive compensation, with 1,949,450 votes for and 60,465 abstentions.
Investors chose a frequency of three years for future advisory votes on executive pay, with 1,250,939 votes supporting the three-year option. Shareholders further approved amending the Articles of Incorporation to remove the requirement that the Board of Directors have 11 members, with 1,723,167 votes for and 286,748 abstentions.
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
Shares entitled to vote: 3,096,698 shares
Common shares entitled to vote: 2,930,698 shares
Preferred shares entitled to vote: 166,000 shares
+5 more
8 metrics
Shares entitled to vote
3,096,698 shares
Total voting power as of April 13, 2026 record date
Common shares entitled to vote
2,930,698 shares
Common stock outstanding as of April 13, 2026
Preferred shares entitled to vote
166,000 shares
Preferred stock entitled to vote as of April 13, 2026
Votes for each director nominee
2,009,915 votes
Support for Koppelmann, Kutner, and Howell in director elections
Votes for executive compensation
1,949,450 votes
Advisory approval of named executive officer pay
Abstentions on executive compensation
60,465 votes
Abstaining votes on advisory pay resolution
Votes for three-year pay vote frequency
1,250,939 votes
Support for three-year say-on-pay schedule
Votes for charter amendment
1,723,167 votes
Support to remove 11-member Board requirement
Key Terms
Emerging growth company, advisory basis, broker non-votes, Articles of Incorporation, +1 more
5 terms
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
advisory basis financial
"Shareholders approved, on an advisory basis, the Company’s compensation"
broker non-votes regulatory
"There were no abstentions or 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.
Articles of Incorporation regulatory
"Authorization to amend the Articles of Incorporation to remove a provision"
A formal legal document filed with a government authority that creates a corporation and sets its basic rules — for example the company name, business purpose, how many ownership shares can exist, and who can receive legal notices. It matters to investors because it defines ownership structure, voting rights, and limits on liability, shaping who controls the company and how future shares or dividends can affect an investor’s stake; think of it as the company’s birth certificate and rulebook.
record date financial
"As of the Record Date of April 13, 2026, there were 2,930,698 shares"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
Who was elected to Standard Finance’s Board of Directors in 2026?
William Koppelmann, Mark Kutner, MD, and Scott Howell, MD were elected to three‑year terms expiring at the 2029 annual meeting, each receiving 2,009,915 votes for and no votes withheld in the director election proposal.