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ALEXANDRIA, VA - Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced the results of its Annual Meeting held on May 22, 2025. Shareholders voted on several key issues, including the election of directors and the ratification of the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
At the Annual Meeting, a total of 10,797,474 shares were present in person or represented by proxy, which constituted a quorum. All fifteen directors nominated were elected to serve one-year terms expiring in 2026. The directors were elected with a majority of votes, with each director receiving between 7,200,493 and 7,388,375 votes for, significantly outnumbering the votes against or abstained. Additionally, there were 3,314,029 broker non-votes for each director.
Furthermore, the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the upcoming fiscal year was ratified with a substantial majority. The proposal received 10,729,761 votes for, 36,354 against, and 31,359 abstained.
The detailed voting results for each proposal have been filed with the Securities and Exchange Commission (SEC) on Form 8-K, dated May 23, 2025. The 8-K filing also included the Cover Page Interactive Data File as an exhibit, which is embedded within the Inline XBRL document.
Burke & Herbert Financial Services Corp., with its headquarters located at 100 S. Fairfax Street, Alexandria, VA, is a company with a long-standing history, operating under the National Commercial Banks industry classification.
This news is based on the most recent 8-K filing with the SEC and provides shareholders and the public with the outcomes of the latest Annual Meeting.
In other recent news, Burke & Herbert Financial Services Corp. reported its first-quarter financial results, with a net income applicable to common shares of $27.0 million, or $1.80 per diluted common share. This represents an increase from the previous quarter’s net income of $19.6 million, or $1.30 per diluted common share. The company’s board of directors declared a regular cash dividend of $0.55 per share and authorized a share repurchase program of up to $50.0 million. Additionally, Burke & Herbert appointed Patrick "Kip" Huffman as Senior Vice President and Chief Accounting Officer, bringing nearly two decades of experience to the role. This appointment is part of the company’s strategy to strengthen its executive team. The company also announced the departure of Julie R. Markwood, its Chief Accounting Officer, due to health reasons after a distinguished 37-year career. Kirtan Parikh will continue as the Interim Chief Accounting Officer. These developments reflect Burke & Herbert’s ongoing commitment to enhancing its operational excellence and financial performance.
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