ALKAMI TECHNOLOGY INC (ALKT)
Sector: Information Technology
2026 Annual Meeting Analysis
ALKAMI TECHNOLOGY INC · Meeting: May 19, 2026
Directors FOR
3
Directors AGAINST
0
Say on Pay
FOR
Auditor
AGAINST
Director Elections
Election of Directors
Kane has served since October 2019, meets all independence and attendance requirements, brings strong financial and audit expertise, and ALKT's 3-year TSR of +31.1% outperforms the disclosed peer group median by +91.1pp, well above the 65pp trigger threshold for strong-positive TSR companies — no TSR trigger fires.
Shootman is the CEO and an executive director; the TSR trigger does not fire given ALKT's +91.1pp outperformance versus the peer group median, and as CEO his relevant skills and experience are clearly demonstrated — no policy-based flags apply.
Smith has served since September 2011, meets independence and attendance requirements, has relevant venture and technology board experience, and the same peer-group TSR outperformance of +91.1pp means no TSR trigger fires despite his long tenure overseeing the full performance period.
All three Class II nominees pass the policy screens: ALKT's 3-year total shareholder return of +31.1% beats the disclosed compensation peer group median by +91.1 percentage points, far exceeding the 65pp threshold required to trigger a vote against directors for a company with strong-positive absolute returns. No attendance, overboarding, independence, or familial-relationship flags were identified for any nominee.
Say on Pay
✓ FORCEO
Alex Shootman
Total Comp
$7,492,018
Prior Support
89.0%%
CEO Alex Shootman received total compensation of approximately $7.5 million in 2025, a level consistent with benchmark expectations for a CEO at a $1.8 billion technology company. The pay program is well-structured: variable pay (annual cash bonus plus stock awards) constitutes approximately 93% of total compensation, far exceeding the 50-60% minimum required under policy, and the annual bonus was earned above target at 125.3% based on objective, pre-set revenue and Adjusted EBITDA goals that the company substantially achieved. The prior Say on Pay vote received 89% support, a strong shareholder endorsement, and the company's 3-year stock return of +31.1% outperforms the disclosed peer group — confirming that above-target incentive pay is aligned with shareholder experience.
Auditor Ratification
✗ AGAINSTAuditor
Ernst & Young LLP
Tenure
9 yrs
Audit Fees
$2,663,785
Non-Audit Fees
$657,200
Ernst & Young's non-audit fees in 2025 totaled $657,200 (comprising $150,000 in tax fees and $507,200 in other fees for capital market advisory services and a research tool), which equals approximately 24.7% of audit fees on its own but when combined represents total non-audit spend of $657,200 against audit fees of $2,663,785 — a ratio of roughly 24.7%, which is below 50%. However, re-examining: non-audit fees = Tax Fees ($150,000) + All Other Fees ($507,200) = $657,200; audit fees = $2,663,785; ratio = $657,200 / $2,663,785 = 24.7%. This is below the 50% threshold, so the non-audit ratio trigger does NOT fire. Auditor tenure is approximately 9 years (since 2017), well below the 25-year threshold. No material restatements are disclosed. EY is a Big 4 firm appropriate for a $1.8B market cap company. All policy screens pass — vote FOR.
Overall Assessment
The 2026 Alkami Technology annual meeting features three standard proposals: director elections, auditor ratification, and Say on Pay. All three receive FOR determinations — the director slate passes TSR and governance screens due to strong peer-relative outperformance, Ernst & Young's non-audit fee ratio is well within acceptable limits and tenure is only nine years, and the executive compensation program is heavily performance-linked with strong prior shareholder support.
Compensation Peer Group
21 companies disclosed in 2026 proxy filing