NOBILITY HOMES INC 8-K

What Happened

• Nobility Homes, Inc. announced on March 6, 2026 that its Board amended the Nobility Homes, Inc. 2011 Stock Incentive Plan, extending the plan termination date from June 1, 2026 to June 1, 2031.
• At the company’s March 6, 2026 annual meeting, four director nominees were elected: Terry E. Trexler; Thomas W. Trexler; Arthur L. Havener, Jr.; and Robert P. Saltsman. Vote totals showed overwhelmingly affirmative support for each nominee.
• Shareholders also cast advisory votes on executive compensation: they voted that advisory votes on executive pay should occur every three years, and they approved the company’s 2025 executive compensation in a non‑binding advisory vote.

Key Details

• Stock plan extension: termination date changed from June 1, 2026 to June 1, 2031 (Second Amendment to 2011 Plan filed).
• Director election vote counts (for / against / withheld):
  • Terry E. Trexler: 2,876,490 / 0 / 5,625
  • Thomas W. Trexler: 2,876,065 / 0 / 6,050
  • Arthur L. Havener, Jr.: 2,874,442 / 0 / 7,673
  • Robert P. Saltsman: 2,865,944 / 0 / 16,171
• Say‑on‑pay frequency vote: 1 year = 114,994; 2 years = 0; 3 years = 2,766,714; Abstain = 407 — board will hold advisory votes on executive compensation every three years.
• Advisory approval of 2025 executive compensation: For 2,880,876; Against 344; Abstain 895.

Why It Matters

• Extending the 2011 Stock Incentive Plan through 2031 preserves the company’s ability to grant equity awards to executives, directors and employees; such awards are a common tool for compensation and retention and can affect share count and dilution depending on future grants.
• The re‑election of all four directors with strong affirmative votes signals continuity of current leadership and governance.
• Shareholders’ choice of triennial (every three years) advisory votes on pay means the company will face less frequent public advisory review of executive compensation, consistent with the board’s stated plan to follow the vote outcome.