Shareholders Approve OceanFirst Merger; Key Regulatory Approvals Received

summarizeSummary

Flushing Financial shareholders approved the merger with OceanFirst, and the company received key state and federal regulatory approvals, moving the acquisition closer to completion.

check_boxKey Events

• Shareholders Approve Merger Proposal

  Flushing Financial Corporation's stockholders approved the merger agreement with OceanFirst Financial Corp. with 24,102,136 votes for, 628,640 against, and 40,182 abstentions. Each FFIC share will convert into 0.85 shares of OceanFirst common stock.

• Shareholders Approve Executive Compensation

  A non-binding, advisory proposal to approve executive compensation in connection with the mergers was also approved with 12,435,187 votes for, 12,222,100 against, and 113,671 abstentions.

• Key Regulatory Approvals Received

  The New York State Department of Financial Services and the Office of the Comptroller of the Currency have granted their requisite approvals for the proposed transaction on March 23, 2026, and April 6, 2026, respectively. The merger still requires approval from the Board of Governors of the Federal Reserve System.

auto_awesomeAnalysis

This 8-K formally announces that Flushing Financial Corporation's shareholders have overwhelmingly approved the merger agreement with OceanFirst Financial Corp. The approval, with 24.1 million votes in favor, marks a critical step towards the completion of the acquisition. Additionally, the company confirmed receipt of necessary regulatory approvals from the New York State Department of Financial Services and the Office of the Comptroller of the Currency. While the shareholder approval was previously announced via news, this filing provides the official vote counts and specific regulatory milestones, solidifying the path forward for the transaction. The merger remains subject to approval from the Board of Governors of the Federal Reserve System.