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Sound Financial Bancorp, Inc. (NASDAQ:SFBC), a $128.57 million market cap financial institution trading at a P/E ratio of 25.6x, announced the outcomes of its annual shareholder meeting held on May 27, 2025. According to InvestingPro analysis, the company has maintained dividend payments for 13 consecutive years, currently yielding 1.51%. The meeting’s agenda included three key proposals, all of which were approved by the company’s shareholders.
The first proposal involved the election of directors. Shareholders voted in favor of Tyler K. Myers, Robert F. Carney, and James E. Sweeney to serve on the company’s board until 2028. The voting results were as follows: Myers received 1,748,746 votes for and 23,726 withheld, Carney had 1,599,417 votes for and 173,055 withheld, and Sweeney garnered 1,593,641 votes for with 178,831 withheld. There were 420,546 broker non-votes for each candidate. The company remains profitable with annual revenue of $36.56 million, though InvestingPro data indicates the stock is currently trading slightly above its Fair Value.
In the second proposal, an advisory (non-binding) vote on executive compensation was held. The shareholders approved the executive compensation with 1,716,449 votes for, 38,803 against, and 17,220 abstentions, alongside 420,546 broker non-votes.
The third and final proposal was the ratification of Moss Adams, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal passed with 2,180,772 votes for, 6,748 against, and 5,498 abstentions.
This SEC filing provides investors with the latest shareholder decisions regarding the governance and oversight of Sound Financial Bancorp, Inc. It reflects the shareholders’ support for the current board of directors and the company’s executive compensation practices, as well as their continued trust in Moss Adams, LLP as the independent auditor for the upcoming fiscal year. InvestingPro subscribers can access additional insights, including 12+ more exclusive tips and comprehensive financial health scores for Sound Financial Bancorp.
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