Item 5.07 Submission of Matters to a Vote of Security Holders
On May 19, 2025, Seacoast Banking Corporation of Florida (the "Company") held its 2025 Annual Meeting of Shareholders. Of the 85,614,460 shares of common stock of the Company outstanding as of the record date for the Annual Meeting, 71,494,229 shares were present at the meeting in person or by proxy. The final results of each of the proposals voted on by the Company's shareholders are described below:
Proposal One - Elect Directors: To elect four Class II directors. The vote for each director is as set forth below.
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| Number of Shares |
| Nominee | Votes For | Votes Withheld | Broker Non-Votes |
| Dennis J. Arczynski | 61,538,263 | 3,903,098 | 6,052,868 |
| Eduardo J. Arriola | 54,365,479 | 11,075,882 | 6,052,868 |
| Maryann Goebel | 45,745,231 | 19,696,130 | 6,052,868 |
| Robert J. Lipstein | 64,036,818 | 1,404,543 | 6,052,868 |
The four nominees were each elected to the board by a plurality of the votes cast, as required by the Company's bylaws.
Proposal Two - Amend the Company's Amended and Restated Articles of Incorporation to Increase Authorized Common Stock: To approve the proposed amendment to the Company's Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company's common stock from 120,000,000 to 200,000,000 shares.
| | | | | | | | |
| Votes For | Votes Against | Abstentions |
| 68,162,797 | 3,160,323 | 171,109 |
The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved. A copy of the amendment to the Company’s Amended and Restated Articles of Incorporation is filed as Exhibit 3.1 to this report on Form 8-K and incorporated herein by reference.
Proposal Three - Amend the Company's Amended 2021 Incentive Plan to Increase Authorized Shares: To approve the proposed amendment to the Amended 2021 Incentive Plan to increase the number of shares authorized to be issued under the plan.
| | | | | | | | | | | |
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 59,584,516 | 5,637,478 | 219,367 | 6,052,868 |
The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved.
Proposal Four - Advisory (Non-binding) Vote to Approve Compensation of Named Executive Officers: To hold an advisory vote to approve, on a non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Company’s proxy statement.
| | | | | | | | | | | |
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 39,805,760 | 25,425,438 | 210,163 | 6,052,868 |
The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved.
Proposal Five - Advisory (Non-binding) Vote to Approve Frequency of Holding Future Advisory Votes for Compensation of Named Executive Officers: To hold an advisory vote to approve the frequency of holding future advisory votes for compensation of the Company’s named executive officers every year, every two years, or every three years.
| | | | | | | | | | | |
| One Year | Two Years | Three Years | Abstentions |
| 62,113,286 | 147,153 | 3,017,571 | 165,351 |
The option of every “One Year” received the highest number of votes cast. The shareholders approved the recommendation of the Board that frequency of holding future advisory votes on executive compensation for named executive officers be held every “One Year”.
Accordingly, the next shareholder advisory (non-binding) vote on executive compensation of named executive officers will be held at the Company’s 2026 Annual Meeting of Shareholders. The Company will continue to hold annual advisory votes until the next required shareholder advisory (non-binding) vote regarding the frequency interval is held in six years at the Company’s 2031 Annual Meeting of Shareholders.
Proposal Six - Ratification of Appointment of Independent Auditor: To ratify the appointment of Crowe LLP as independent auditors for the Company for the fiscal year ending December 31, 2025.
| | | | | | | | |
| Votes For | Votes Against | Abstentions |
| 70,266,032 | 1,185,843 | 42,354 |
The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved.