Bankwell Financial Group Inc.

05/20/2026 | Press release | Distributed by Public on 05/20/2026 08:46

Proxy Results (Form 8-K)

Item 5.07 Submission of Matter to a Vote of Security Holders
On May 20, 2026, Bankwell Financial Group, Inc. (Nasdaq BWFG), (the "Company") held its Annual Meeting of Shareholders (the "Meeting"). Of the 7,973,180 shares of the Company's common stock outstanding as of the record date for the Meeting, 6,640,905 shares were present or represented by proxy at the Meeting.
The voting results from the Meeting were as follows:
1.Election of Directors for One-Year Terms (Proposal 1).
Director For Withheld
Eric J. Dale 4,625,659 (89.73%) 529,693 (10.27%)
Darryl M. Demos 5,091,665 (98.76%) 63,687 (1.24%)
Blake S. Drexler 5,047,817 (97.91%) 107,535 (2.09%)
Jeffery R. Dunne 5,139,058 (99.68%) 16,294 (0.32%)
Christopher R. Gruseke 5,099,140 (98.91%) 56,212 (1.09%)
Anahaita N. Kotval 5,136,474 (99.63%) 18,878 (0.37%)
Todd H. Lampert 4,612,058 (89.46%) 534,294 (10.54%)
Kevin D. Leitão 4,632,707 (89.86%) 522,645 (10.14%)
Carl M. Porto 4,417,808 (85.69%) 737,544 (14.31%)
Lawrence B. Seidman 5,145,674 (99.81%) 9,678 (0.19%)
There were 1,485,553 broker non-votes on the Proposal.
2.Approval on an advisory (non-binding) proposal on the Company's executive compensation (Proposal 2).
For 4,868,485 (94.43%)
Against 163,856 (3.18%)
Abstain 123,011 (2.39%)
There were 1,485,553 broker non-votes on the Proposal.
3. To consider and approve an advisory (non-binding) proposal on the frequency of submission of the vote regarding the Company's executive compensation (Proposal 3).
For 1 Year 4,515,990 (87.60%)
For 2 Year 254 (0.00%)
For 3 Year 502,038 (9.74%)
Abstain 137,070 (2.66%)
There were 1,485,553 broker non-votes on the Proposal.
4. To ratify the selection of RSM US LLP as the Company's independent registered public accountants for the fiscal year ending December 31, 2026 (Proposal 4).
For 6,565,637 (98.87%)
Against 41,187 (0.62%)
Abstain 34,081 (0.51%)
There were no broker non-votes on the Proposal.
Accordingly, all Director nominees were elected, and the independent auditors were ratified. The advisory (non-binding) proposal on the Company's executive compensation was also approved and the shareholders approved holding the shareholder advisory vote on executive compensation annually, as recommended by the Board.
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