PROVIDENT FINANCIAL HOLDINGS, INC. (NASDAQ:PROV) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
|
(a) |
The Corporation held its Annual Meeting of Shareholders on Tuesday, November 27, 2018 in Riverside, California. |
|
(b) |
There were present at the meeting in person or by proxy the holders of 6,685,550 shares of the Corporation's common stock, representing 89.10 percent of the total votes eligible to be cast, constituting a majority and a quorum of the outstanding shares entitled to vote. The results of the vote for the four items presented at the meeting were as follows: |
|
1. |
Election of Directors: |
Shareholders elected the following nominees to the Board of Directors for a three-year term ending 2021 by the following vote:
|
For |
Withheld |
Broker Non-Vote |
||||
|
Nominee |
Number of Votes |
Percentage |
Number of Votes |
Percentage |
Number of Votes |
Percentage |
|
Judy A. Carpenter |
4,848,490 |
91.00 |
479,771 |
9.00 |
1,357,289 |
N/A |
|
William E. Thomas |
4,772,841 |
89.58 |
555,420 |
10.42 |
1,357,289 |
N/A |
The following directors, who were not up for re-election at the Annual Meeting of Shareholders, will continue to serve as directors: Joseph P. Barr, Bruce W. Bennett, Debbi H. Guthrie, Craig G. Blunden and Roy H. Tylor.
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2. |
Advisory Approval of Executive Compensation: |
Shareholders approved the advisory resolution for executive compensation by the following vote:
|
Number of Votes |
Percentage |
|
|
For |
3,336,139 |
62.61 |
|
Against |
1,834,929 |
34.44 |
|
Abstain |
157,193 |
2.95 |
|
Broker Non-Vote |
1,357,289 |
N/A |
|
3. |
Ratification of Appointment of Independent Auditor: |
Shareholders ratified the appointment of Deloitte & Touche LLP as the Corporation's independent auditor for the fiscal year ending June 30, 2019 by the following vote:
|
Number of Votes |
Percentage |
|
|
For |
6,683,563 |
99.97 |
|
Against |
|
0.00 |
|
Abstain |
1,959 |
0.03 |
About PROVIDENT FINANCIAL HOLDINGS, INC. (NASDAQ:PROV)
Provident Financial Holdings, Inc. is the holding company of Provident Savings Bank, F.S.B. (the Bank). The Bank is a federally chartered stock savings bank. The Company operates through two segments: Provident Bank and Provident Bank Mortgage (PBM). The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family loans, multi-family loans, commercial real estate loans, construction loans, commercial business loans, consumer loans and other mortgage loans. PBM operations primarily consist of the origination, purchase and sale of mortgage loans secured by single-family residences. The Bank is a financial services company committed to serving consumers and small to mid-sized businesses in the Inland Empire region of Southern California. The Bank offers business checking accounts, other business banking services and services loans for others.
