AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 8.01 Submission of Matters to a Vote of Security Holders
American National Bankshares Inc. (the “Company”) held a special meeting of shareholders on March 19, 2019.There were 8,739,509 shares of the Company’s common stock entitled to vote at the special meeting, of which 6,368,238 shares were represented by proxy (no shares were voted in person).At the special meeting, the Company’s shareholders approved the merger of HomeTown Bankshares Corporation (“HomeTown”) with and into the Company in accordance with the Agreement and Plan of Reorganization, dated as of October 1, 2018, between the Company and HomeTown, and a related Plan of Merger.
The Company’s independent inspector of elections reported the vote of the shareholders as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
6,311,547 |
25,586 |
31,105 |
In connection with the special meeting, the Company also solicited proxies with respect to a proposal to adjourn the special meeting, if necessary, for the purpose of soliciting additional proxies. The adjournment proposal was unnecessary in light of the approval by the Company’s shareholders of the Company’s merger proposal and was not submitted to the Company’s shareholders for approval at the special meeting.
Item 8.01 Other Events
On March 20, 2019, the Company and HomeTown issued a joint press release announcing that the shareholders of both companies approved the previously announced merger of HomeTown with and into the Company at their respective special shareholder meetings held March 19, 2019. The joint press release is attached as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01 Financial Statements and Exhibits
(d) Exhibits:
AMERICAN NATIONAL BANKSHARES INC. Exhibit
EX-99.1 2 pressrelease-shareholderap.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 American National Bankshares Inc. and HomeTown Bankshares Corporation Announce Shareholder Approvals for Proposed Merger For more information,…
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About AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB)
American National Bankshares Inc. is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. Community banking involves making loans to and generating deposits from individuals and businesses. All assets and liabilities of the Company are allocated to community banking. Investment income from securities is also allocated to the community banking segment. Loan fee income, service charges from deposit accounts and non-deposit fees, such as automated teller machine fees and insurance commissions generate additional income for community banking. Trust and investment services include estate planning, trust account administration, investment management and retail brokerage. Investment management services include purchasing equity, fixed income and mutual fund investments for customer accounts.