ASB BANCORP, INC. (NASDAQ:ASBB) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Security Holders. |
(a)The annual meeting of shareholders of ASB Bancorp, Inc. (the
Company) was held on May 18, 2017. As of the March 29, 2017
record date, there were 3,788,025 shares of common stock
outstanding, all of which were entitled to vote. There were
3,325,712 shares present in person or by proxy.
(b)The final vote results for each of the matters submitted to a
vote of shareholders at the annual meeting were as follows:
| 1. |
The shareholders elected the following individuals as directors of the Company, each to serve for a three-year term or until their respective successors have been elected and qualified, by the following vote: |
|
FOR |
WITHHELD |
BROKER NON-VOTES |
||||
| Stephen P. Miller, PhD | 2,256,290 | 124,620 | 944,802 | |||
| Alison J. Smith | 2,205,937 | 174,973 | 944,802 | |||
| Patricia S. Smith | 2,246,992 | 133,918 | 944,802 |
| 2. |
The shareholders ratified the selection of Dixon Hughes Goodman LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017 by the following vote: |
|
FOR |
AGAINST |
ABSTAIN |
BROKER NON-VOTES |
|||
| 3,180,731 | 61,109 | 83,872 | Not applicable |
| 3. |
The shareholders approved, on a non-binding advisory basis, the compensation of the Companys named executive officers by the following vote: |
|
FOR |
AGAINST |
ABSTAIN |
BROKER NON-VOTES |
|||
| 2,052,344 | 208,110 | 120,456 | 944,802 |
| 4. |
The shareholders re-approved the performance goals included in the ASB Bancorp, Inc. 2012 Equity Incentive Plan by the following vote: |
|
FOR |
AGAINST |
ABSTAIN |
BROKER NON-VOTES |
|||
| 2,156,946 | 154,296 | 69,668 | 944,802 |
(c)Not applicable.
(d)Not applicable.
| Item 8.01 | Other Events. |
Beginning May 19, 2017, the Company will make available and
distribute to analysts and prospective investors the slide
presentation made at the Companys annual meeting on May 18, 2017.
The presentation materials include information regarding the
Companys operating strategies and financial performance. The
presentation materials will also be posted to the Companys
website on May 19, 2017. The presentation materials are attached
hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Number | Description |
| 99.1 | Presentation Materials |
About ASB BANCORP, INC. (NASDAQ:ASBB)
ASB Bancorp, Inc. is the holding company for Asheville Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. The Bank is a chartered savings bank. It operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area. It accepts deposits from the public and uses these funds to originate loans. The Bank, through a third-party registered broker-dealer, offers its customers non-deposit investment products, including mutual funds, debt, equity and government securities, retirement accounts, insurance products, and fixed and variable annuities. Its primary market area is Asheville, North Carolina and the rest of Buncombe County where it has over eight branch offices, as well as Henderson, Madison, McDowell and Transylvania Counties where it has over five branch offices and a loan production office in Mecklenburg County. ASB BANCORP, INC. (NASDAQ:ASBB) Recent Trading Information
ASB BANCORP, INC. (NASDAQ:ASBB) closed its last trading session up +0.20 at 41.10 with 4,948 shares trading hands.
