Reservoir Media (NASDAQ:RSVR) stockholders elected three Class II directors, ratified the appointment of Deloitte & Touche LLP as the company’s auditor and approved executive compensation on an advisory basis at the company’s 2026 annual meeting.
At the virtual meeting, Chairman Ezra Field said the company had a quorum, with 63.1 million shares represented in person or by proxy, equal to approximately 95.94% of the 65.8 million shares entitled to vote.
Investors also voted to ratify Deloitte & Touche LLP as Reservoir’s independent registered public accounting firm for the fiscal year ending March 31, 2027. In addition, stockholders approved, on an advisory basis, the compensation of the company’s named executive officers. For the advisory vote on the frequency of future executive-compensation votes, the one-year option received the most votes, signaling stockholder support for annual say-on-pay votes.
Field said final voting results would be reported in a Form 8-K filing with the Securities and Exchange Commission within four business days of the meeting.
Fiscal 2026 Performance and Investments
Chief Executive Officer Golnar Khosrowshahi said fiscal 2026 was marked by “standout financial strength and resilience,” citing 11% revenue growth, including 6% organic growth, and 12% adjusted EBITDA growth.
The company invested approximately $120 million during the year in catalogs, advances and strategic partnerships, Khosrowshahi said. Those investments were intended to diversify Reservoir’s portfolio while expanding its relationships with established creators and investing in emerging talent.
Among the year’s notable transactions was the acquisition of the Miles Davis catalog. Reservoir has worked with the artist’s estate on a global centennial campaign marking what would have been Davis’ 100th birthday. The campaign has included new releases, performances, exhibitions, educational programs, media placements, social-media activity and brand collaborations, according to Khosrowshahi.
International Expansion
Khosrowshahi highlighted the company’s efforts in international music markets. In the Middle East and North Africa region, Reservoir’s PopArabia expanded its creative-services catalog and distribution capabilities through the acquisition of Viral Wave and additional regional investments.
Reservoir also established Pop India, its seventh global office, to pursue opportunities in India’s music market. Following the end of fiscal 2026, the company announced Latin-music partnerships with independent label Nacional Records and TU Publishing.
The company also reported growth in synchronization revenue across music publishing and recorded music. Khosrowshahi said Reservoir secured four Super Bowl synchronization placements, as well as placements in major film and television productions and advertising campaigns for global brands.
Review of Unsolicited Acquisition Proposals
In March 2026, Reservoir’s board received two non-binding, unsolicited proposals to acquire the company. The board formed a special committee of independent directors to evaluate the proposals and determine whether further action, including potential definitive agreements, is warranted.
The special committee has retained independent advisers, Khosrowshahi said. She added that there can be no assurance a definitive agreement will result from either proposal and that Reservoir does not intend to comment further unless it determines additional disclosure is appropriate.
Khosrowshahi said the company remains focused on executing its operating plan and is confident in its fiscal 2027 guidance.
About Reservoir Media (NASDAQ:RSVR)
Reservoir Media Inc is a global independent music rights management company that acquires, administers and monetizes music publishing and master recording assets. Its business model centers on building a diverse portfolio of copyrights and recordings across genres, then generating revenue through licensing, royalty collection and direct-to-fan initiatives. Reservoir’s catalog includes works by established and emerging songwriters and artists, spanning pop, rock, country, R&B and other contemporary styles.
The company operates two primary segments: music publishing and recorded music.
