Monitor the next quarterly earnings for any strategic shifts under the refreshed board, particularly given Gamble's Patriot Financial Partners affiliation (a bank-focused private equity firm) and Saunders' capital markets background. No immediate trading catalyst.
Price Chart
Executive Summary
Primis Financial Corp. held its 2026 annual meeting on May 21, 2026, where shareholders elected ten directors (including two new members, Scott R. Gamble and J. Brock Saunders, who replaced outgoing directors Robert Y. Clagett and Charles A. Kabbash), ratified Crowe LLP as auditor, and approved executive compensation on an advisory basis. The board changes are routine retirements with no disagreement, and the new directors bring relevant banking and capital markets experience.
Key Facts
- Directors Robert Y. Clagett and Charles A. Kabbash did not stand for re-election; their departures were not due to any disagreement with the company.
- Scott R. Gamble (Principal at Patriot Financial Partners, 38+ years banking) and J. Brock Saunders (Managing Partner at Mattock Capital, former Global Head of Equity Trading at Citigroup) were elected to the board.
- All ten director nominees were elected; the auditor ratification (Crowe LLP) passed with 20,170,536 votes for; the advisory say-on-pay vote passed with 15,714,681 votes for.
- The annual meeting had 20,196,020 shares present out of 24,772,072 outstanding (81.5% quorum).
- As of March 31, 2026, Primis reported $4.3 billion in total assets, $3.4 billion in loans held for investment, and $3.4 billion in deposits.
Financial Impact
No material financial impact from this filing; routine board refreshment and shareholder vote results.
Risk Factors
- Potential for future activist or strategic direction changes given new board members with private equity and hedge fund backgrounds.
- No financial data or guidance provided in this filing to assess operational trends.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-067031 |
| Document: tm2615814d1_ex99-1.htm | 0001104659-26-067031 |
| Document: 0001104659-26-067031-index-headers.html | 0001104659-26-067031 |
| Document: 0001104659-26-067031-index.html | 0001104659-26-067031 |
| Document: 0001104659-26-067031.txt | 0001104659-26-067031 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $15.28 $14.73 | ▲ +3.60% | ▲ +4.31% | $14.73 (+3.60%) |
Oct 22, 2026 4d ago | Press Release | $15.28 $14.73 | ▲ +3.60% | ▲ +4.31% | $14.73 (+3.60%) |
Oct 14, 2026 12d ago | Press Release | $15.44 | awaiting T+1 | — | $14.73 (−4.60%) |
Aug 31, 2026 8w ago | 8-K | $15.63 $16.00 | ▲ +2.37% | ▲ +1.92% | $14.73 (−5.76%) |
Jul 23, 2026 13w ago | Press Release | $15.34 $15.80 | ▲ +3.00% | ▲ +2.98% | $14.73 (−3.98%) |
Jul 21, 2026 14w ago | EFFECT | $16.05 $15.75 | ▼ −1.87% | ▼ −1.75% | $14.73 (−8.22%) |
Jul 10, 2026 15w ago | Press Release | $15.76 $15.67 | ▼ −0.57% | ▼ −0.93% | $14.73 (−6.54%) |
Jun 30, 2026 16w ago | 8-K | $16.37 $15.82 | ▼ −3.36% | ▼ −3.23% | $14.73 (−10.02%) |
Jun 25, 2026 17w ago | S-3 | $16.65 $16.56 | ▼ −0.54% | ▼ −2.19% | $14.73 (−11.53%) |
Jun 12, 2026 19w ago | Insider Cluster | $15.74 $15.35 | ▼ −2.48% | ▼ −4.24% | $14.73 (−6.42%) |
US Market Status
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