Hingham Institution for Savings (HIFS) AGM 2024 summary

Opening remarks and agenda

• Welcomed attendees to the 198th annual meeting, held both in person and online, with all board members present.

• Introduced key participants, including the inspector of elections, auditors, and legal counsel.

• Outlined the meeting structure: formal business, performance review, strategy, and Q&A.

• Meeting included review of financial results, operating highlights, and a Q&A session.

Shareholder proposals

• Four proposals were considered: election of directors, election of a clerk, advisory vote on executive compensation, and ratification of the independent auditor.

Overview of voting outcomes

• Quorum established with 1,839,034 shares present out of 2,174,000.

• All five director nominees elected with over 82% approval.

• Clerk elected with almost 98% approval.

• Executive compensation approved by over 76% of shares.

• Auditor ratified with over 98% approval.