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SEC filingOFG Bancorp held its annual shareholder meeting on April 22, 2026, where all nine director nominees were elected, advisory approval of executive compensation was granted, and KPMG LLP was ratified as the independent auditor for 2026.
The April 22, 2026 annual meeting confirmed broad shareholder support for OFG Bancorp’s governance structure and oversight framework. All nine director nominees received overwhelming 'For' votes—ranging from 93.5% to 94.4% of votes cast—signaling confidence in the current board composition and succession planning. The advisory vote on executive compensation passed with 98.4% support among votes cast (excluding abstentions and broker non-votes), reinforcing alignment between management pay and performance disclosures in the Proxy Statement. Notably, the ratification of KPMG LLP as auditor achieved the highest support level (98.0% of votes cast) and uniquely had zero broker non-votes, suggesting unambiguous endorsement of the firm’s independence and audit quality. The consistent 2,514,709 broker non-votes across Proposals 1 and 2 reflect standard industry practice where brokers lack discretionary authority on routine governance matters absent specific instructions. While these outcomes are procedurally routine, they collectively affirm stability in leadership, compensation transparency, and external audit continuity—key inputs for investors assessing corporate governance risk.