Riverview Bancorp (RVSB) Proxy Filing summary

Executive summary

• Annual meeting scheduled for August 28, 2024, to be held virtually; participation requires a control number from proxy materials.

• Two main proposals: election of two directors for three-year terms and an advisory vote on executive compensation.

• Board and management will report on operations and be available for stockholder questions.

• Record date for voting is July 2, 2024; 21,111,041 shares outstanding and entitled to vote.

Voting matters and shareholder proposals

• Proposal 1: Election of Stacey A. Graham and B. Nicole Sherman as directors for three-year terms.

• Proposal 2: Advisory (non-binding) vote to approve named executive officer compensation.

• Board recommends voting FOR both proposals.

• Shareholders may submit proposals or director nominations for future meetings, subject to advance notice requirements.

Board of directors and corporate governance

• Board consists of eight members, divided into three classes; diverse in gender and background.

• Four new directors added in the past four years; average tenure is 6.6 years.

• Board committees include Executive, Audit, Nominating and Governance, Personnel/Compensation, Senior Loan, and Technology.

• Seven of nine current directors are independent; leadership structure separates Chairman and CEO roles.

• Revised Code of Conduct and Whistleblower Policy adopted May 22, 2024.