8-K

Velocity Financial, Inc.

May 28, 2025

/s/ Roland T. Kelly

Roland T. Kelly

Chief Legal Officer, General Counsel and Corporate Secretary

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 23, 2025

Velocity Financial, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-39183

46-0659719

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)


2945 Townsgate Road, Suite 110
Westlake Village, California				91361
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (818) 532-3700

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common stock, par value $0.01 per share

VEL

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07

Submission of Matters to a Vote of Security Holders.

We held our Annual Meeting of Shareholders on May 23, 2025 to allow our stockholders to vote on the matters disclosed in our Proxy Statement. The final voting results for the matters submitted to a vote of stockholders were as follows:

Proposal I: Election of Directors.

All of our Directors were re-elected and received the following votes:


	Number of Votes
	For		Against		Abstain		Broker Non-Votes
Dorika M. Beckett		23,327,805		124,701		6,568		1,044,375
Michael W. Chiao		23,299,964		46,219		112,891		1,044,375
Christopher D. Farrar		23,442,076		14,179		2,819		1,044,375
Alan H. Mantel		23,203,338		142,820		112,916		1,044,375
John P. Pitstick		23,344,960		1,223		112,891		1,044,375
John A. Pless		22,933,970		522,311		2,793		1,044,375
Joy L. Schaefer		23,327,805		124,71		6,568		1,044,375
Omar Maasarani		23,442,741		13,539		2,794		1,044,375

Proposal II: The approval of our named executive officers’ compensation on an advisory basis, including the following resolution:

Resolved, that the compensation paid to the Named Executive Officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the related narrative disclosure is approved.

Our shareholders voted as noted below and approved the resolution and our 2024 executive compensation.


	Number of Votes
For		23,185,417
Against		160,640
Abstain		113,017
Broker Non-Votes		1,044,375

Proposal III. The ratification of RSM US LLP as our independent auditor for 2025.

Our shareholders ratified RSM US LLP as our independent auditor for 2025 with the following votes:


	Number of Votes
For		24,390,052
Against		110,638
Abstain		2,759

Proposal IV: Approve the Increase to the Share Reserve Under our 2020 Omnibus Incentive Plan

Our shareholders voted as noted below and approved the increase to the share reserve under our 2020 Omnibus Incentive Plan.


	Number of Votes
For		23,283,863
Against		172,352
Abstain		2,859
Broker Non-Votes		1,044,375

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits


104		Cover Page Interactive File (embedded with the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SEC Form 8-K filed by Velocity Financial Inc.