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Get filing alertsParke Bancorp holds routine annual meeting, shareholders elect directors and approve pay
Filed April 24, 2026 · Period ending April 21, 2026 · ~1 min read
Key Changes
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Three directors elected to three-year terms: Vito Pantilione, Dr. Edward Infantolino, and Elizabeth Milavsky all won their seats with majority support.
Item 5.07 verify on EDGAR → -
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Shareholders approved executive compensation with 94% support and chose annual frequency for future say-on-pay votes (57% preferred one-year over three-year option).
Item 5.07 verify on EDGAR → -
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S.R. Snodgrass, P.C. ratified as independent auditor for 2026 with over 99% approval.
Item 5.07 verify on EDGAR →
Summary
Parke Bancorp held its annual shareholder meeting on April 21, 2026, with all proposals passing as expected. The meeting covered standard governance matters including director elections, auditor ratification, and executive compensation votes. All three director nominees were elected, though Dr. Infantolino received notably more withheld votes (29% of votes cast) compared to the other two directors.
For retail investors, this filing signals business as usual with no governance surprises or contested votes. The strong 94% approval of executive compensation suggests shareholders are satisfied with management's pay structure. The preference for annual say-on-pay votes (versus every three years) means shareholders will have more frequent opportunities to weigh in on executive compensation going forward. Watch for the company's proxy statement next year to see if the board formally adopts the annual say-on-pay frequency that shareholders preferred, and whether any changes are made to director nominations given the mixed support levels.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Annual shareholder meeting held April 21, 2026: three directors elected, auditor ratified, executive compensation approved, annual say-on-pay frequency chosen.
Show 4 minor / wording changes
Added in current filing · verify on EDGAR →
Vito S. Pantilione
6,879,495 | 76,162 | 1,861,507
Dr. Edward Infantolino
4,962,672 | 1,992,985 | 1,861,507
Elizabeth A. Milavsky
6,888,346 | 67,310 | 1,861,507
Three directors were elected to three-year terms at the annual meeting. Vito S. Pantilione received 6,879,495 votes for with 76,162 withheld, Dr. Edward Infantolino received 4,962,672 for with 1,992,985 withheld, and Elizabeth A. Milavsky received 6,888,346 for with 67,310 withheld. All three nominees were elected.
Added in current filing · verify on EDGAR →
Ratification of appointment of S.R. Snodgrass, P.C. as independent auditor for the fiscal year ending December 31, 2026.
For | Against | Abstain | Broker | Non-Votes | 8,775,913 | 17,708 | 23,542 | -
Shareholders ratified the appointment of S.R. Snodgrass, P.C. as the independent auditor for fiscal year 2026. The proposal passed with 8,775,913 votes for, 17,708 against, and 23,542 abstentions.
Added in current filing · verify on EDGAR →
The approval of the advisory (non-binding) proposal regarding our executive compensation.
For | Against | Abstain | Broker | Non-Votes | 6,335,958 | 409,021 | 210,678 | 1,861,507
Shareholders approved the advisory (non-binding) proposal on executive compensation with 6,335,958 votes for, 409,021 against, and 210,678 abstentions. This represents approximately 94% approval among votes cast for or against.
Added in current filing · verify on EDGAR →
ONE YEAR | 3,953,415 | 56.90% | TWO YEARS | 433,474 | 6.24% | THREE YEARS | 2,366,650 | 34.06%
Shareholders voted on the frequency of future advisory votes on executive compensation. The one-year option received 56.90% of votes cast (3,953,415 votes), two years received 6.24% (433,474 votes), and three years received 34.06% (2,366,650 votes). The company will likely adopt annual say-on-pay votes based on this result.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 2, 2026 · How we verify