Ameris Bancorp (NASDAQ:ABCB) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders.
On May 15, 2018, Ameris Bancorp (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”) in Moultrie, Georgia. At the Annual Meeting, there were present in person or by proxy 34,665,239 shares of the Company’s common stock, representing 90.46% of the total outstanding eligible votes. At the Annual Meeting, the Company’s shareholders (1)elected three members to the Board of Directors of the Company, (2)ratified the appointment of Crowe Horwath LLP as the Company’s independent registered public accounting firm for 2018, (3) approved the compensation of the Company’s named executive officers on an advisory basis and (4) approved the recommendation of the Company’s Board of Directors that future advisory votes on the compensation of the Company’s named executive officers be held annually, as a result of which the Company will continue to hold such advisory votes on executive compensation each year until the next advisory vote is held regarding the frequency of such vote. Each of the foregoing proposals was set forth and described in the Notice of Annual Meeting and Proxy Statement of the Company dated April 2, 2018. The voting results for each proposal are as follows:
|
1. |
Election of the following director nominees by a majority vote to serve as Class III directors until the annual meeting to be held in 2021: |
|
Nominee |
For |
Withheld |
Broker Non-Votes |
|
R. Dale Ezzell |
30,657,639 |
571,415 |
3,436,185 |
|
Leo J. Hill |
30,425,836 |
803,218 |
3,436,185 |
|
Jimmy D. Veal |
30,567,416 |
661,638 |
3,436,185 |
|
2. |
Ratification of the appointment of Crowe Horwath LLP, as the Company’s independent registered public accounting firm for the fiscal year ended December31, 2018 by a vote of 34,625,349 for, 16,265 against, 23,625 abstaining and 0 broker non-votes. |
|
3. |
Advisory approval of the compensation of the Company’s named executive officers by a vote of 29,914,215 for, 1,141,555 against, 173,284 abstaining and 3,436,185 broker non-votes. |
|
4. |
Advisory vote on the frequency of the advisory vote on the compensation of the Company’s named executive officers, with votes of 1,906,157 for three years, 43,881 for two years, 29,112,403 for one year and 166,613 abstaining. |
About Ameris Bancorp (NASDAQ:ABCB)
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
