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Get filing alertsKatapult shareholders elect director, ratify auditor at annual meeting with 80.5% quorum
Filed May 5, 2026 · Period ending April 30, 2026 · ~1 min read
Key Changes
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medium
Derek Medlin elected Class II Director with 94.3% support (2.6M for, 157K withheld) to serve until 2029 annual meeting.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
medium
Say-on-pay passed with 89.2% approval (2.5M for, 215K against, 86K abstentions); 10.8% opposition is moderately elevated.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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Grant Thornton ratified as 2026 auditor with 96.2% approval (3.4M for, 133K against, 11K abstentions).
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
low
Annual meeting achieved 80.5% quorum with 3.5M shares represented out of 4.4M outstanding.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
Summary
Katapult held its 2026 annual meeting on April 30 with routine governance outcomes. Shareholders elected Derek Medlin as Class II Director with strong 94.3% support to serve a three-year term through 2029. The auditor ratification and say-on-pay votes both passed comfortably, though the 10.8% opposition to executive compensation is moderately elevated compared to typical say-on-pay results and may prompt the board to review compensation design.
The 80.5% quorum (3.5 million of 4.4 million shares represented) is typical for a small-cap annual meeting and sufficient to conduct all business. All proposals were uncontested and passed. This is a routine governance filing with no material operational or strategic changes disclosed.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Katapult held its 2026 annual meeting with 80.51% quorum; shareholders elected director Derek Medlin, ratified Grant Thornton as auditor, and approved executive compensation.
Added in current filing · verify on EDGAR →
2,464,158 | 215,402 | 86,164 | 778,865
The non-binding advisory vote on executive compensation passed with 2,464,158 votes for, 215,402 against, and 86,164 abstentions (89.2% approval of votes cast, 56.0% of shares outstanding). While the proposal passed, the 10.8% opposition level is moderately elevated compared to typical say-on-pay votes and may warrant board attention to compensation design.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
As of the close of business on March 16, 2026, the record date for the Annual Meeting, there were 4,402,543 shares outstanding of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) entitled to vote. A total of 3,544,589 shares of Common Stock, representing approximately 80.51% of the outstanding shares of Common Stock entitled to vote, were present in person or by proxy, constituting a quorum.
The annual meeting achieved a quorum with 3,544,589 shares represented out of 4,402,543 shares outstanding (80.51% turnout). This level of participation is typical for a small-cap company annual meeting and sufficient to conduct all business.
Added in current filing · verify on EDGAR →
3,400,543 | 133,379 | 10,667 | 778,865
Shareholders ratified Grant Thornton LLP as the independent auditor for fiscal 2026 with 3,400,543 votes for, 133,379 against, and 10,667 abstentions (96.2% approval of votes cast, 77.2% of shares outstanding). This is a routine, healthy approval level for auditor ratification.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify