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

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

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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

The Board of Directors of Allegiance Bancshares, Inc. (the
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.
Item 5.07 Submission of Matters to a Vote of Security Holders
On May 19, 2017, Allegiance Bancshares, Inc. (the Company) held
its Annual Meeting of Shareholders to consider and act upon the
items listed below:
Proposal 1 – John Beckworth, Frances H. Jeter, George Martinez,
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
Proposal 2 – The shareholders approved the amendment to the
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
Proposal 3 – The shareholders ratified the appointment of Crowe
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
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. >The following is filed as an exhibit to this
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.

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