OceanFirst Financial Shareholders Approve All Proposals as Flushing Deal Shapes Growth

Key Points

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• OceanFirst Financial shareholders approved each proposals astatine the 2026 yearly meeting, including the predetermination of 13 directors, enforcement compensation, the 2026 Stock Incentive Plan and the ratification of Deloitte & Touche arsenic auditor.

• CEO Christopher Maher said OceanFirst’s growth accelerated successful the 2nd fractional of 2025, with astir $1 cardinal added successful some loans and deposits, portion recognition prime remained beardown with non-performing loans astatine conscionable 0.2% of the portfolio.

• Maher said the Flushing transaction should velocity up OceanFirst’s New York enlargement by adding 30 branches and is expected to amended profitability metrics, with Warburg Pincus acceptable to put $225 cardinal astatine closing.

OceanFirst Financial (NASDAQ:OCFC) shareholders approved each proposals presented astatine the company’s 2026 yearly meeting, including the predetermination of 13 directors, an advisory ballot connected enforcement compensation, the company’s 2026 Stock Incentive Plan and the ratification of Deloitte & Touche LLP arsenic autarkic registered nationalist accounting steadfast for the fiscal twelvemonth ending Dec. 31, 2026.

The virtual-only gathering was chaired by Christopher Maher, chairman, president and main enforcement serviceman of OceanFirst Financial Corp. Maher said a property merchandise issued April 27, 2026, confirmed the company’s program to clasp the gathering virtually. Broadridge Financial Solutions hosted the gathering and tabulated stockholder votes.

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Peder Hagberg, inspector of predetermination from CT Hagberg LLC, reported that 57,600,008 shares were entitled to ballot arsenic of the April 2, 2026, grounds date. He said astatine slightest 50,762,286 shares were contiguous successful person, by proxy oregon by attorney, establishing a quorum.

Shareholders Approve Board Slate and Other Proposals

Maher said nary stockholder nominations oregon proposals had been decently filed successful beforehand of the meeting, limiting the concern to the proposals outlined successful the proxy statement.

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The 13 directors elected to one-year presumption expiring astatine the 2027 yearly gathering were John Barros, Anthony Coscia, Jack Farris, Robert C. Garrett, Kimberly Guadagno, Nicos Katsoulis, Joseph Lebel III, Christopher D. Maher, Joseph Murphy Jr., Steven Scopellite, Grace Torres, Patricia Turner and Dalila Wilson-Scott. Maher said each nominees were already directors of some the institution and OceanFirst Bank.

Hagberg said the preliminary ballot study showed each manager nominee received a bulk of votes formed successful favour of election. He besides reported that shareholders approved the advisory “say connected pay” vote, approved the OceanFirst Financial Corp. 2026 Stock Incentive Plan and ratified Deloitte & Touche LLP arsenic the company’s autarkic registered nationalist accounting steadfast for 2026.