Bank of South Carolina Corporation (NASDAQ:BKSC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Shareholders |
On April 11, 2017, there were a total of 4,962,189 shares of
Common Stock outstanding and entitled to vote at the Annual
Meeting. The following matters were voted upon and approved by
the shareholders at the 2017 Annual Meeting.
| 1. | The election of seventeen members to the Board of Directors. | |
| 2. |
The ratification of the appointment of Elliott Davis Decosimo, LLC as the independent auditor for the fiscal year December 31, 2017. |
The following is a summary of the voting results for each
proposal presented to the shareholders:
As to Proposal #1 there were 2,980,128 shares (97.62% of total
shares voted and 60.05% of total outstanding shares) were
represented in person or by proxy. The results are as follows:
| NAME | FOR | WITHHELD |
| David W. Bunch | 2,975,357 | 77,349 |
| Graham M. Eubank, Jr. | 2,974,092 | 78,614 |
| Elizabeth M. Hagood | 2,974,314 | 78,392 |
| Fleetwood S. Hassell | 2,879,277 | 173,429 |
| Glen B. Haynes | 2,979,623 | 73,083 |
| William L. Hiott, Jr. | 2,978,842 | 73,864 |
| Richard W. Hutson, Jr. | 2,975,826 | 76,880 |
| Charles G. Lane | 2,979,253 | 73,453 |
| Hugh C. Lane, Jr. | 2,980,014 | 72,692 |
| Linda J. Bradley-McKee | 2,979,426 | 73,280 |
| Alan I. Nussbaum | 2,978,742 | 73,964 |
| Karen J. Phillips | 2,978,750 | 73,956 |
| Edmund Rhett, Jr. | 2,979,243 | 73,463 |
| Malcolm M. Rhodes | 2,979,253 | 73,453 |
| Douglas H. Sass | 2,973,783 | 78,923 |
| Sheryl G. Sharry | 2,979,625 | 73,081 |
| Steve D. Swanson | 2,978,748 | 73,958 |
There were 72,578 shares withheld and 1,501,639 broker non-votes
as to proposal number one.
As to Proposal #2 for approval of Elliott Davis Decosimo, LLC as
independent auditors for the Company for the fiscal year ending
December 31, 2017, 4,542,482 shares voted in favor (99.73% of
shares voted and 91.54% of total outstanding shares), 6,957
shares voted against, and 4,906 abstained. There were no broker
non-votes.
About Bank of South Carolina Corporation (NASDAQ:BKSC)
Bank of South Carolina Corporation is a financial institution holding company. The Company offers a range of financial services through its subsidiary, The Bank of South Carolina (the Bank). The Bank is a commercial bank, which operates principally in the Charleston, Dorchester and Berkeley counties of South Carolina. The Bank offers various deposits, including non-interest bearing accounts, negotiable order of withdrawal (NOW) accounts, money market accounts, time deposits and savings accounts. Its loan offering includes commercial and industrial loans; real estate loans; loans to individuals for household, family and other personal expenditures, and all other loans, including overdrafts. In addition to one- to four-family residential mortgage loans, it offers home equity loans and lines of credit that are secured by the borrower’s primary or secondary residence. The Bank provides financial services through its approximately four banking house locations. Bank of South Carolina Corporation (NASDAQ:BKSC) Recent Trading Information
Bank of South Carolina Corporation (NASDAQ:BKSC) closed its last trading session up +0.35 at 21.00 with 1,738 shares trading hands.
