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

Bancorp,Inc. (NASDAQ:TBBK) 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.

At the Annual Meeting, held on May 16, 2018, the FNCB Bancorp, Inc.’s (“FNCB”) shareholders voted on: (i) the election of each of the FNCB’s four (4) nominees for Class B directors; (ii) a proposal to hold an advisory vote on the compensation of FNCB’s named executive officers; (iii) a proposal to hold an advisory vote on the frequency of future advisory votes on executive compensation; and (iv) a proposal to ratify the appointment of Baker Tilly Virchow Krause, LLP as FNCB’s independent registered public accounting firm for the year ending December 31, 2018. The results of the voting were as follows:

1. Proposal No. 1: Election of Directors.

The shareholders of FNCB elected all of the Class B directors by the following vote:

Class B Nominees

For

Withheld

Broker Non-Vote

William G. Bracey

9,933,333

45,784

3,980,608

Louis A. DeNaples, Jr., M.D.

9,545,860

433,257

3,980,608

Vithalbhai D. Dhaduk, M.D.

9,813,342

165,775

3,980,608

Thomas J. Melone, CPA

9,938,864

40,253

3,980,608

2. Proposal No. 2: Advisory vote on the compensation of FNCB’s named executive officers.

The shareholders of FNCB approved, on an advisory basis, the compensation of FNCB’s named executive officers by the following vote:

For

Against

Abstain

Broker Non-Vote

9,603,273

268,907

106,937

3,980,608

3. Proposal No. 3: Advisory vote on the frequency of future advisory votes on the compensation of FNCB’s named executive officers.

The shareholders of FNCB approved, on an advisory basis, a one-year frequency for future advisory votes on the compensation of FNCB’s named executive officers by the following vote:

1 Year

2 Years

3 Years

Abstain

Broker Non-Vote

9,602,728

229,818

68,269

78,302

3,980,608

4. Proposal No. 4: Ratification of the appointment of FNCB’s independent registered public accounting firm.

The shareholders of FNCB ratified the appointment of Baker Tilly Virchow Krause, LLP as FNCB’s independent registered public accounting firm for the year ending December 31, 2018 by the following vote:

For

Against

Abstain

13,821,393

114,650

23,682


About Bancorp,Inc. (NASDAQ:TBBK)

The Bancorp, Inc. is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio and corporate overhead, and other non-allocated expenses. Through the Bank, the Company also provides deposit generating banking services.

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