CORTLAND BANCORP (OTCMKTS:CLDB) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
| Submission of Matters to a Vote of Security Holders. |
| (a) |
On May23, 2017, Cortland Bancorp held its 2016 Annual Meeting of Shareholders (the Annual Meeting). |
| (b) |
The first issue voted upon at the Annual Meeting was the election of directors for a three year term to expire at the 2020 Annual Meeting of Shareholders. The following votes were cast: |
| Number of Votes | ||||||||||||
| For | Withheld | BrokerNon-Votes | ||||||||||
|
David C. Cole |
2,802,944 | 92,370 | 530,079 | |||||||||
|
Timothy Carney |
2,822,706 | 72,608 | 530,079 | |||||||||
|
Neil J. Kaback |
2,824,519 | 70,795 | 530,079 | |||||||||
|
Anthony R. Vross |
2,821,667 | 73,649 | 530,079 |
| (c) |
The second issue was to approve, on an advisory basis, the executive compensation of Cortlands named executive officers as described in this proxy statement. |
| Number of Votes | ||||||
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
2,750,713 |
105,047 | 39,554 | 530,079 |
| (d) |
To consider and vote upon amendment of Section2.01 of Cortlands Code of regulations. |
| Number of Votes | ||||||
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
2,790,471 |
66,593 | 38,250 | 530,079 |
| (e) |
The appointment of S.R. Snodgrass, P.C. as Cortlands independent auditor for the fiscal year ending December31, 2016 was ratified. |
| Number of Votes | ||||||
|
For |
Against |
Abstain |
Broker Non-Votes |
|||
|
3,700,249 |
6,951 | 18,193 |
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| Item7.01. | Regulation FD Disclosure |
Cortland Bancorp used the presentation materials furnished
herewith at the Annual Meeting of Shareholders on Tuesday, May23,
2017. A copy of the slide presentation is furnished as Exhibit
99.1 to this Current Report on Form 8-K. The information in this
item 7.01 of this Current Report on Form 8-K (including Exhibit
99.1 attached hereto) is being furnished and shall not be deemed
filed for purposes of the Securities Exchange Act of 1934. The
information in this Report (including Exhibit 99.1 attached
hereto) shall not be incorporated by reference into any filing or
other document to the Securities Act of 1933 or the Securities
Exchange Act of 1934 except as otherwise expressly stated in such
filing or document.
| Item9.01. | Financial Statements and Exhibits |
|
Exhibit No. |
Description |
|
| 3.2 | Code of Regulations | |
| 99.1 | Company Presentation |
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About CORTLAND BANCORP (OTCMKTS:CLDB)
Cortland Bancorp is a bank holding company. The Company’s principal activity is to own, manage and supervise The Cortland Savings and Banking Company (Cortland Banks or the Bank). The Company operates through the commercial banking segment. The Bank is a state chartered bank engaged in commercial and retail banking. The Bank’s services include checking accounts, savings accounts, time deposit accounts, commercial, mortgage and installment loans, night depository, automated teller services, safe deposit boxes and other miscellaneous services. The Bank provides brokerage and investment services through an arrangement with Investment Professionals, Inc. Under this arrangement, financial advisors offer customers a range of investment products and services, such as estate planning, annuities, life insurance, fixed income, and equity securities and equity research and recommendations. The Bank, through Investment Professionals, Inc., also offers asset management services to customers. CORTLAND BANCORP (OTCMKTS:CLDB) Recent Trading Information
CORTLAND BANCORP (OTCMKTS:CLDB) closed its last trading session 00.00 at 18.72 with 640 shares trading hands.
