Allegiance Bancshares, Inc. (NASDAQ:ABTX) Files An 8-K Submission of Matters to a Vote of Security Holders

Allegiance Bancshares, Inc. (NASDAQ:ABTX) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders

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On September 14, 2018, Allegiance Bancshares, Inc. ("Allegiance”) held a Special Meeting of shareholders to consider and act upon the proposals listed below:

Proposal No. 1 – To adopt the agreement and plan of reorganization, dated April 30, 2018, by and between Allegiance and Post Oak Bancshares, Inc. ("Post Oak") and approve the merger of Post Oak with and into Allegiance (the “Allegiance Merger Proposal”).

Proposal No. 2 – To approve the issuance of shares of Allegiance common stock to Post Oak shareholders in connection with the merger (the “Allegiance Stock Issuance Proposal”).

Proposal No. 3 – To approve an amendment to Allegiance's Amended and Restated Certificate of Formation to increase the amount of authorized capital stock of Allegiance, consisting of: (A) one class of 80,000,000 shares of common stock with a par value of $1.00 per share, and (B) one class of 1,000,000 shares of preferred stock with a par value of $1.00 per share (the “Allegiance Charter Amendment Proposal”).

Proposal No. 4 – To approve the adjournment of the Allegiance special meeting, if necessary or appropriate, to solicit additional proxies in favor of the Allegiance Merger Proposal and the Allegiance Stock Issuance Proposal (the “Allegiance Adjournment Proposal”).

Proposal No. 1: Allegiance Merger Proposal

The Allegiance Merger Proposal was approved with shareholders casting votes as follows:

Votes For

Votes Against

Votes Abstain

Broker Non-Votes

10,267,552

9,274

16,737

1,638,225

Proposal No. 2 – Allegiance Stock Issuance Proposal

The Allegiance Stock Issuance Proposal was approved with shareholders casting votes as follows:

Votes For

Votes Against

Votes Abstain

Broker Non-Votes

10,250,386

9,274

33,903

1,638,225

Proposal No. 3 – Allegiance Charter Amendment Proposal

The Allegiance Charter Amendment Proposal was approved with shareholders casting votes as follows:

Votes For

Votes Against

Votes Abstain

Broker Non-Votes

10,639,673

1,289,013

3,102

Proposal No. 4 – Allegiance Adjournment Proposal

The Allegiance Adjournment Proposal was approved with shareholders casting votes as follows:

Votes For

Votes Against

Votes Abstain

Broker Non-Votes

8,833,401

1,423,759

36,403

1,638,225


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.

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