CF Bankshares (NASDAQ:CFBK) held its 2026 annual stockholders meeting in a virtual format on May 27, with shareholders approving all three proposals presented for a vote, according to the meeting transcript.
Robert E. Hoeweler, chairman of the board of CF Bankshares, chaired the meeting and said the agenda was limited to the formal proposals described in the company’s proxy materials. Hoeweler also introduced President and Chief Executive Officer Tim O’Dell and Executive Vice President and Chief Financial Officer Kevin Beerman, and said all directors of CFBank and CF Bankshares were participating in the virtual meeting.
Shareholders Elect Two Directors
According to the preliminary voting report presented at the meeting, both Hoeweler and Ringwald were elected as directors of the company for three-year terms expiring in 2029.
Executive Compensation Advisory Vote Approved
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers as disclosed in the proxy statement for the 2026 annual meeting. The resolution covered the compensation tables, notes and narrative disclosures included under the heading “Compensation of Executive Officers” in the proxy statement.
The preliminary vote count indicated that at least a majority of votes cast were in favor of the advisory resolution.
Auditor Appointment Ratified
The third proposal was the ratification of Plante Moran, PLLC as CF Bankshares’ independent registered public accounting firm for the fiscal year ending Dec. 31, 2026. Hoeweler said the company’s audit committee, with approval from the board of directors, had appointed Plante Moran for 2026, subject to shareholder ratification.
A preliminary count indicated that at least a majority of votes cast supported the ratification of Plante Moran’s appointment. Hoeweler said a representative of Plante Moran participated in the virtual meeting and was available to respond to appropriate questions relating to the auditor.
Quorum and Voting Details
The meeting materials were mailed on or about April 23, 2026, to stockholders of record as of April 2, 2026. The company said 6,422,917 shares of voting common stock were eligible to vote at the annual meeting, with 4,584,467 shares represented in person or by proxy. Based on that count, a quorum was present.
Hoeweler said no stockholder proposals had been properly filed before the meeting under the company’s bylaws, limiting the business of the meeting to matters discussed in the proxy statement. The polls opened at 10:02 a.m. and closed at 10:06 a.m.
Final voting results will be certified in a report of the Inspector of Elections and filed with the company. CF Bankshares said the final results will also be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission within four business days following the meeting.
Hoeweler also noted that, in conjunction with the annual meeting, the company posted slides with information regarding historical growth rates and key strategic initiatives on its investor website at cf.bank and filed the slides with the SEC on Form 8-K. The meeting was then adjourned.
About CF Bankshares (NASDAQ:CFBK)
CF Bankshares, Inc is a bank holding company headquartered in Wichita, Kansas. Through its primary subsidiary, Community First Bank, Wichita, N.A., the company provides a broad range of financial services to individuals, businesses and agricultural clients. CF Bankshares emphasizes community-oriented banking, combining local market knowledge with a personalized approach to customer relationships.
The company’s offerings include traditional deposit accounts such as checking, savings and money market products, along with a variety of commercial and consumer lending solutions.
