AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) Files An 8-K Submission of Matters to a Vote of Security Holders

AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) Files An 8-K Submission of Matters to a Vote of Security Holders

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Item 5.07. Submission of Matters to a Vote of Security Holders.

American National Bankshares Inc. (Company) held its annual
shareholders meeting on May 16, 2017. There were 8,638,744 shares
of common stock entitled to vote at the Annual Meeting, of which
6,677,181 shares were present in person or by proxy. At the
annual meeting, our shareholders (i) elected each of the persons
listed below to serve as Class III directors of the Company, (ii)
ratified the selection of an independent registered public
accounting firm, (iii) approved, on an advisory basis, executive
compensation of the Companys named executive officers as
disclosed in the proxy statement, (iv) approved, on an advisory
basis, that an advisory vote on executive compensation should be
held every year.
Our independent inspector of elections reported the vote of the
shareholders as follows:
Proposal 1: Election of Class III Directors to Serve Until the
2020 Annual Meeting
Nominees
Votes
For
Votes
Withheld
Broker
Non-Votes
Votes Uncast
Charles H. Majors
4,884,324
216,847
1,576,010
Claude B. Owen, Jr.
4,732,783
368,388
1,576,010
Dan M. Pleasant
4,908,825
192,346
1,576,010
Joel R. Shepherd
4,904,148
197,023
1,576,010
Proposal 2: Ratification of Selection of Independent Registered
Public Accounting Firm
Votes For
Votes Against
Abstentions
Broker Non-Votes
6,361,145
304,366
11,670
Proposal 3: Approval of Executive Compensation as Disclosed in
the Proxy Statement
Votes For
Votes Against
Abstentions
Broker Non-Votes
4,725,242
264,716
111,213
1,576,010
Proposal 4: Approval of Frequency of an Advisory Vote on
Executive Compensation
1 Year
2 Years
3 Years
Abstentions
Broker Non-Votes
3,748,535
113,709
1,021,909
217,018
1,576,010


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.

AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) Recent Trading Information

AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) closed its last trading session down -0.95 at 35.70 with 17,357 shares trading hands.

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