Allegiance Bancshares, Inc. (NASDAQ:ABTX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Company) previously approved, subject to shareholder approval, an
amendment (the Amendment) to the Allegiance Bancshares, Inc. 2015
Amended and Restated Stock Awards and Incentive Plan (as amended,
the Amended Plan) to increase the number of shares of Company
common stock issuable thereunder from 1,460,000 to 1,900,000.
According to the results from the Companys 2017 Annual Meeting of
Shareholders held on May 19, 2017, the Companys shareholders
approved the Amendment. A more detailed summary of the Amended
Plan appears on pages 26 – 30 of the Companys Definitive Proxy
Statement on Schedule 14A, which was filed with the Securities
and Exchange Commission (the SEC) on March 29, 2017. The
foregoing description of the Amendment is qualified in its
entirety by reference to the full text of the Amended Plan, which
is filed as Exhibit 10.1 hereto, and incorporated herein by
reference.
its Annual Meeting of Shareholders to consider and act upon the
items listed below:
David B. Moulton and Thomas A. Reiser were elected as Class II
directors to serve on the Companys Board of Directors until the
Companys 2020 Annual Meeting of Shareholders until their
respective successor or successors are duly elected and
qualified, or until their earlier resignation or removal. The
table below contains a summary of the number of votes for, votes
withheld and broker non-votes for each nominated director:
|
Nominee
|
Votes For
|
Votes Withheld
|
Broker Non-Votes
|
|
John Beckworth
|
6,054,522
|
937,995
|
2,277,610
|
|
Frances H. Jeter
|
6,237,950
|
754,567
|
2,277,610
|
|
George Martinez
|
6,891,714
|
100,803
|
2,277,610
|
|
David B. Moulton
|
6,238,050
|
754,467
|
2,277,610
|
|
Thomas A. Reiser
|
6,940,143
|
52,374
|
2,277,610
|
Companys 2015 Stock Awards and Incentive Plan to increase the
number of shares issuable thereunder from 1,460,000 to 1,900,000
by the votes set forth in the table below:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
6,822,904
|
169,515
|
2,277,610
|
Horwath LLP as the Companys independent registered public
accounting firm for the year ending December 31, 2017 by the
votes set forth in the table below:
|
Votes For
|
Votes Against
|
Abstentions
|
Broker Non-Votes
|
|
9,267,027
|
3,100
|
Current Report on Form 8-K:
|
Exhibit Number
|
Description of Exhibit
|
|
|
10.1
|
Allegiance Bancshares, Inc. 2015 Amended and Restated
Stock Awards and Incentive Plan, as amended. |
About Allegiance Bancshares, Inc. (NASDAQ:ABTX)
Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier’s checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts. Allegiance Bancshares, Inc. (NASDAQ:ABTX) Recent Trading Information
Allegiance Bancshares, Inc. (NASDAQ:ABTX) closed its last trading session up +0.03 at 38.15 with 18,370 shares trading hands.
