Red Cat Holdings, Inc. (RCAT) announced the results of its 2026 Annual Meeting of Stockholders held on June 18, 2026. While shareholders elected all five director nominees and ratified the appointment of the company's auditor, they did not approve the non-binding advisory proposal on executive compensation.

Key Details

  • Executive Compensation Vote: The non-binding advisory vote to approve the compensation of Named Executive Officers failed, with 21,304,013 votes against and 15,194,017 votes for.
  • Director Elections: All five nominated directors were elected to the board to serve until the 2027 annual meeting.
  • Auditor Ratification: The appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified with 70,445,245 votes for.
  • Company Response: The Compensation Committee will consider this advisory vote in future compensation decisions to better align executive pay with shareholder interests.