Asia FX moves little with focus on US-China trade, dollar steadies ahead of CPI
Landmark Bancorp , Inc. (NASDAQ:LARK), a $170 million market cap regional bank that has delivered impressive returns of 65% over the past year, announced the results of its Annual Meeting of Stockholders, which took place on May 21, 2025. The meeting, held in Manhattan, Kansas, saw approximately 80.8% of the outstanding shares represented, either in person or by proxy. According to InvestingPro, the company maintains a GOOD financial health score, with strong momentum in both revenue growth and stock performance.
During the meeting, four Class III directors were elected to the company’s board to serve three-year terms expiring at the 2028 annual meeting. Abigail M. Wendel (EPA:MWDP) received 2,741,283 votes for, 120,341 against, and 68,310 abstentions, with 1,738,054 broker non-votes. Patrick L. Alexander received 1,598,232 votes for, 1,310,174 against, 21,528 abstentions, and 1,738,054 broker non-votes. Jim W. Lewis (JO:LEWJ) received 2,879,909 votes for, 34,702 against, 15,323 abstentions, and 1,738,054 broker non-votes. Tom A. Page received 2,722,110 votes for, 91,507 against, 116,317 abstentions, and 1,738,054 broker non-votes.
The compensation of named executive officers, as described in the proxy statement filed on April 17, 2025, was approved on a non-binding, advisory basis, with 2,607,709 votes for, 278,333 against, 43,892 abstentions, and 1,738,054 broker non-votes.
Stockholders also voted on the frequency of future say-on-pay proposals. The option of "Every 1 Year" received 1,558,234 votes, "Every 2 Years" received 42,823 votes, and "Every 3 Years" received 1,288,774 votes, with 40,103 abstentions and 1,738,054 broker non-votes. Based on these results, the company will hold a non-binding, advisory stockholder vote on executive compensation annually until the 2031 annual meeting.
Lastly, the appointment of Crowe LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025, was ratified with 4,582,868 votes for, 76,357 against, 8,763 abstentions, and no broker non-votes.
The information provided in this article is based on a press release statement. For deeper insights into Landmark Bancorp’s financial health, valuation metrics, and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which include expert analysis and actionable intelligence for over 1,400 US stocks.
In other recent news, Landmark Bancorp Inc. reported a strong financial performance for the first quarter of 2025. The company saw a 69% year-over-year increase in net income, reaching $4.7 million, and a similar rise in diluted earnings per share, which hit $0.81. These results were driven by increased net interest income and reduced non-interest expenses, with operational efficiencies leading to a $1.1 million cut in the latter. Landmark Bancorp maintained a solid capital position with a total risk-based capital ratio of 13.6% and a net interest margin of 3.76%, up by 25 basis points. Additionally, the company’s total gross loans grew nearly $1.1 billion, reflecting an annualized increase of 8.7%. The firm announced a quarterly dividend of $0.21 per share, marking its 95th consecutive quarterly cash dividend. Landmark Bancorp remains focused on strengthening customer relationships and expanding its lending and fee-based businesses, with revenue forecasts for fiscal years 2025 and 2026 set at $59.33 million and $60.52 million, respectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.