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Get filing alertsTelos stockholders elect seven directors, approve 5.4M share equity plan expansion
Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read
Key Changes
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Stockholders approved Amendment No. 2 to the 2016 equity incentive plan, adding 5,380,000 shares for future grants with 89.4% support (49,009,338 for, 5,837,559 against). Expands the company's capacity for employee and executive equity compensation.
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All seven director nominees elected to serve until 2027 annual meeting. Support ranged to 97.0% (Fredrick D. Schaufeld, 1,639,801 withheld). Borland's elevated withhold rate may reflect stockholder concerns.
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Stockholders approved executive compensation on advisory basis with 97.0% support (53,192,697 for, 1,649,451 against, 28,207 abstentions), indicating satisfaction with pay practices.
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PricewaterhouseCoopers LLP ratified as independent auditor for fiscal 2026 with 99.8% support (62,451,887 for, 121,460 against, 16,880 abstentions). Routine approval.
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Summary
Telos held its 2026 annual stockholder meeting on May 7, with votes on standard governance matters. The most material outcome was approval of a 5.4 million share expansion to the company's 2016 equity incentive plan, passing with 89.4% support. This increases Telos's capacity to grant stock-based compensation to employees and executives going forward.
All seven director nominees were elected, though David Borland received a notably lower approval rate (80.5%) compared to his peers (all above 94%). The elevated withhold votes against Borland—10.7 million versus under 3 million for the next-lowest director—may signal stockholder concerns about his board service, though he still secured a comfortable majority.
Executive compensation received strong 97.0% approval, and the auditor ratification passed with near-unanimous 99.8% support. Overall, a routine annual meeting with no material governance controversies. The equity plan expansion is the primary takeaway for investors tracking dilution and compensation practices.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Telos held its annual stockholder meeting on May 7, 2026; filing appears incomplete with no material disclosures.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 7, 2026 Telos Corporation (the “Company”) held the annual meeting of its stockholders.
The 8-K discloses that the annual stockholder meeting occurred on May 7, 2026. The filing text appears truncated with no vote results, director elections, or other substantive disclosures provided.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify