Hilltop Holdings stockholders elect board, reject executive pay in annual meeting

Published 29/07/2025, 22:40
Hilltop Holdings stockholders elect board, reject executive pay in annual meeting

Hilltop Holdings Inc . (NYSE:HTH), a $1.88 billion financial services company trading at $29.79 per share, reported results of its 2025 Annual Meeting of Stockholders, which was held virtually on July 24. According to a statement released Tuesday, stockholders voted on three proposals. InvestingPro analysis suggests the stock is currently undervalued, making these corporate governance decisions particularly significant for investors.

First, all 13 director nominees were elected to the board to serve until the 2026 annual meeting or until successors are elected and qualified. The elected directors are Rhodes R. Bobbitt, Tracy A. Bolt, J. Taylor Crandall, Hill A. Feinberg, Jeremy B. Ford, Lee Lewis (JO:LEWJ), Tom C. Nichols, W. Robert Nichols III, Kenneth D. Russell, A. Haag Sherman, Jonathan S. Sobel, Robert C. Taylor, Jr., and Carl B. Webb.

Second, stockholders did not approve, on an advisory basis, the 2024 compensation of the company’s named executive officers. The vote count for this proposal was 21,056,192 shares in favor, 28,696,186 against, and 340,959 abstaining, with 5,956,093 broker non-votes.

Third, stockholders ratified the appointment of PricewaterhouseCoopers LLP as Hilltop Holdings’ independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received 38,816,897 votes in favor, 658,803 against, and 16,573,730 abstentions.

The company also disclosed that Gerald J. Ford ceased serving as a board member on April 24 and resigned as Chairman Emeritus effective July 8. There is a dispute regarding the authority to vote 15,544,674 shares beneficially owned by Diamond A Financial, L.P. The company stated that if the votes of these disputed shares were disregarded, the outcome of the director elections and auditor ratification would remain unchanged.

This information is based on a statement included in Hilltop Holdings’ recent SEC filing.

In other recent news, Hilltop Holdings Inc. reported its second-quarter earnings for 2025, delivering a notable performance by exceeding earnings per share (EPS) expectations. The company reported an EPS of $0.57, surpassing the forecasted $0.41, marking a 39.02% surprise. However, the revenue for the quarter was slightly below projections, with Hilltop Holdings reporting $303.31 million against the expected $308.8 million. Despite this revenue shortfall, the market’s response was subdued, indicating cautious investor sentiment. These developments highlight the company’s ability to outperform earnings expectations, even as revenue figures fell short. The market’s muted reaction may reflect broader market conditions rather than company-specific issues. Analysts and investors will likely continue to monitor Hilltop Holdings’ financial performance closely in the coming quarters.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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