The Yellow Brick Road board suffered a "second strike" at its annual general meeting yesterday, when 44.9 per cent of votes were cast against adoption of the remuneration report.This is the second year in a row that YBR shareholders have voted down the remuneration report.As a result, the company was required to put a resolution that the board be spilled. That motion was defeated.In other voting, non-executive director Adrian Bouris was re-elected but only after 32.9 per cent of votes were cast against him.Shareholders had plenty of reason to register a protest vote. For the year to June, the company reported a net loss of A$37.4 million, which included an asset write-down of $33.9 million on its wealth management and lending businesses. The loss the previous year was $658,000.Lending volume was down 19 per cent and revenue fell 6.8 per cent to $183.8 million. Cash flow from operating activities fell from $2.9 million in 2017/18 to $379,000 in the year to June.Operating expenses were up 5 percent. The increase was due, in part, to redundancy expenses.During the financial year, Yellow Brick Road announced its withdrawal from the wealth market, it sold its 50 per cent interest in Smarter Money Investments and it sold its online wealth business Brightday.The only good news for the company was that it finalised a securitisation deal that it had been pursuing for some time, allowing it to fund its own loans.