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Advisory votes on executive compensation, meaning non-binding shareholder ballots that let investors signal approval or disapproval of how top managers are paid, sat at the center of a governance disagreement at Bogota Financial Corp.
At the company's May 14, 2026 annual meeting in Teaneck, New Jersey, stockholders expressed a preference for holding those reviews every three years.
The board, in a filing signed July 29, 2026, decided to hold them every year instead.
What the vote said, and what the board did A say-on-pay frequency vote gives shareholders a choice: tell the company how often it should seek their input on executive pay.
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