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Get filing alertsVelocity Financial shareholders re-elect all directors, approve executive pay at annual meeting
Filed May 26, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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All eight directors re-elected with over 99% support; highest opposition was 1.1% against John A. Pless (261,726 votes), lowest was 0.02% against John P. Pitstick (5,568 votes).
Item 5.07 verify on EDGAR → -
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Advisory vote on 2025 executive compensation approved with 99.6% support (24.6M for, 92K against).
Item 5.07 verify on EDGAR → -
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RSM US LLP ratified as independent auditor for 2026 with 99.9% approval (25.9M for, 2,294 against).
Item 5.07 verify on EDGAR →
Summary
Velocity Financial held its annual shareholder meeting on May 21, 2026, with routine governance matters receiving strong approval across the board. All eight directors were re-elected with support exceeding 99% of votes cast, indicating broad shareholder confidence in the board's composition. The advisory vote on executive compensation passed with 99.6% approval, reflecting satisfaction with the company's pay practices for named executive officers in 2025.
The ratification of RSM US LLP as the company's independent auditor for 2026 received near-unanimous support at 99.9%. With 1.18 million broker non-votes recorded on the director and compensation matters, the total shares represented at the meeting exceeded 25.8 million. These results represent a routine annual meeting with no contested proposals or governance concerns for retail investors to monitor.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Annual shareholder meeting held May 21, 2026: all directors re-elected, executive compensation approved, auditor ratified.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
All of our Directors were re-elected and received the following votes: Number of Votes | For | Against | Abstain | Broker Non- | Votes Dorika M. Beckett 24,668,443 | 12,440 | 6,788 | 1,181,801 Michael W. Chiao 24,661,094 | 21,190 | 5,387 | 1,181,801 Christopher D. Farrar 24,651,920 | 30,883 | 4,868 | 1,181,801 Alan H. Mantel 24,560,450 | 121,835 | 5,386 | 1,181,801 John P. Pitstick 24,676,717 | 5,568 | 5,386 | 1,181,801 John A. Pless 24,420,558 | 261,726 | 5,387 | 1,181,801 Joy L. Schaefer 24,670,154 | 10,729 | 6,788 | 1,181,801 Omar M. Maasarani 24,604,346 | 77,938 | 5,387 | 1,181,801
All eight directors were re-elected with strong support. Votes for each director ranged from 24.4 million to 24.7 million, representing over 99% approval of votes cast. Director John A. Pless received the highest opposition with 261,726 votes against (approximately 1.1% of votes cast), while John P. Pitstick received the lowest opposition with only 5,568 votes against.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify