Shareholders of Camden National (NASDAQ:CAC) approved all three proposals presented at the company’s 2026 Annual Meeting of Shareholders, including the election of 11 directors, an advisory vote on executive compensation and the ratification of the company’s outside auditor.
Marie McCarthy, Director and Chair of the Board of Directors, called the meeting to order and said more than 14 million shares of common stock were represented at the meeting, equal to approximately 83% of the outstanding shares entitled to vote. She said that constituted a quorum for conducting business.
Shareholders Elect Directors and Approve Proposals
The first proposal before shareholders was the election of 11 directors to serve one-year terms. The nominees elected to the board were Craig N. Denekas, Simon R. Griffiths, Rebecca Hatfield, Larry Haynes, S. Catherine Longley, Raina L. Maxwell, Marie J. McCarthy, Robert D. Merrill, James H. Page, Robin A. Sawyer and Carl J. Soderberg.
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. In addition, shareholders ratified the appointment of RSM US LLP as Camden National’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
No shareholder questions were submitted regarding the proposals, according to the meeting transcript. Preliminary voting results showed all three proposals passed. The company said final vote tallies would be included in a Form 8-K filing with the SEC within four business days.
CEO Highlights Regional Momentum
Following the formal business portion of the meeting, President and Chief Executive Officer Simon Griffiths provided a brief update on the company. Griffiths first reminded shareholders that forward-looking statements made during the meeting were subject to risks and uncertainties described in the company’s SEC filings.
Griffiths highlighted what he described as “tremendous momentum” across New England, including strength in New Hampshire. He said Camden National has a “tremendous franchise” with 72 banking centers and described it as the largest publicly traded bank headquartered in Northern New England.
He also emphasized the company’s board and its relationship with management, describing the board as “deeply engaged” and “talented” and saying there is a strong partnership with the management team.
Digital Services and Community Focus
Griffiths said Camden National’s strategy is growth-oriented and centered on customers, communities, digital capabilities and advice. He said that approach is producing progress for the company.
Among the digital services mentioned were Round Up to Save & Donate, which Griffiths described as an engagement tool for customers and the community, and Family Wallet, a youth banking platform that includes parent-controlled debit cards and a kid-friendly mobile app designed to help build healthy money habits.
Griffiths also discussed Camden National’s community activities, citing a companywide community day involving 60 organizations and more than 2,000 hours of community service. He said the event had “a really big impact” for the nonprofit organizations involved.
The CEO also noted several awards and recognitions, including recognition from the Finance Authority of Maine as a leader in serving small business and as a Lender at Work for Maine award recipient. He also cited industry-leading customer satisfaction, an employee engagement score of 4.41 out of 5 from Gallup and inclusion on Forbes’ 2026 America’s Best Banks list.
No general shareholder questions were submitted following Griffiths’ remarks. The meeting concluded after he thanked shareholders for their time and ongoing support of Camden National Corporation.
About Camden National (NASDAQ:CAC)
Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.
The company’s offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.
