TrustCo Bank Corp NY (NASDAQ:TRST) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
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Submission of Matters to a Vote of Security Holders
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| 1. |
TrustCo Bank Corp NY held its regular annual shareholder
meeting on May 18, 2017. Anthony J. Marinello, M.D., Ph.D. and William D. Powers were elected as directors for three-year terms expiring at TrustCos 2020 Annual Meeting. The Nonbinding Advisory Resolution on the Compensation of TrustCos Named Executive Officers (Say on Pay), received the support of 93.6% of the shares voted (71.0% of shares outstanding). The Nonbinding Advisory Resolution on the Frequency of an Advisory Vote on the Compensation of TrustCos Named Executive Officers received the support of 72.96% of shares voted and 55.4% of shares outstanding for one year. The appointment of Crowe Horwath LLP as TrustCos independent auditors for 2017 was ratified by shareholders. The table below provides the vote count with respect to each director, the Say on Pay resolution, the frequency of the Say on Pay vote and the independent auditor ratification. The total number of shares eligible to vote as of the record date was 95,917,192 shares, and a majority of the outstanding shares was 47,958,597 shares. |
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For
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Withhold
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For as a
percentage of
total shares
voted
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Broker Non-
Vote
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Anthony J. Marinello, M.D., Ph.D.
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68,867,050
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3,922,911
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94.6
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%
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11,302,476
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William D. Powers
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68,876,067
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3,913,894
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94.6
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%
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11,302,476
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For
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Against
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Abstain
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For as a
percentage of
total shares
voted
|
Broker Non-
Vote
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Approval of a Nonbinding Advisory Resolution on the
Compensation of TrustCos Named Executive Officers |
68,108,570
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3,865,058
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816,333
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93.6
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%
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11,302,476
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|
1 Year
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2 Years
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3 Years
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Abstain
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1 Year as a
percentage
of total
shares
voted
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||||||||||||||||
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Nonbinding Advisory Resolution on the Frequency of an
Advisory Vote on the Compensation of TrustCos Named Executive Officers |
53,112,539
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732,395
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18,069,504
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875,523
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73.0
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%
|
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For
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Against
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Abstain
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For as a
percentage of
total shares
voted
|
|||||||||||||
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Ratification of Crowe Horwath LLP
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82,071,392
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1,525,760
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495,285
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97.6
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%
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About TrustCo Bank Corp NY (NASDAQ:TRST)
Trustco Bank Corp NY is a savings and loan holding company. The Company’s principal subsidiary is Trustco Bank (the Bank). The Company operates through the community banking segment. The Bank is a federal savings bank engaged in providing general banking services to individuals, partnerships and corporations. The Bank’s business consists of accepting deposits and making loans and investments. The Bank provides both personal and business banking services. The Bank operates approximately 160 automatic teller machines (ATMs) and approximately 150 banking offices. Its loan portfolio includes commercial loans, real estate-construction loans, real estate-mortgage loans, home equity lines of credit and installment loans. It offers a range of deposits, such as demand deposits, savings, time deposits, interest bearing checking accounts and money market deposits. Its subsidiary, ORE Subsidiary Corp., is formed to hold and manage foreclosed properties acquired by the Bank. TrustCo Bank Corp NY (NASDAQ:TRST) Recent Trading Information
TrustCo Bank Corp NY (NASDAQ:TRST) closed its last trading session 00.00 at 7.55 with 151,618 shares trading hands.
