Banner Corporation (NASDAQ:BANR) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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Banner Corporation (NASDAQ:BANR) 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 Banner Corporation (the Company) was
held on April 25, 2017 (Annual Meeting).
(b)
There were a total of 33,105,150 shares of the Companys
common stock outstanding and entitled to vote at the Annual
Meeting. At the Annual Meeting, 30,347,205 shares of common
stock were represented in person or by proxy, therefore, a
quorum was present. The following proposals were submitted
by the Companys Board of Directors to a vote of
shareholders:
Proposal 1. Election of Directors. The following individuals were
elected as directors for three year terms:
FOR
Against
WITHHELD
Broker Non-Votes
Number
of votes
Percentage
of
shares
present
Number
of votes
Percentage
of
shares
present
Number
of votes
Percentage of
shares
present
Number
of votes
Mark J. Grescovich
28,578,153
99.20
221,270
0.77
9,881
0.03
1,537,901
David A. Klaue
28,681,310
99.55
120,504
0.42
7,490
0.03
1,537,901
Merline Saintil
28,651,610
99.45
149,353
0.52
8,341
0.03
1,537,901
Based on the votes set forth above, Messrs. Grescovich and Klaue
and Ms. Saintil were duly elected to serve as directors of the
Company for a three year term expiring at the annual meeting of
shareholders in 2020, and until their respective successors have
been duly elected and qualified.
The terms of Directors Gordon E. Budke, Roberto R. Herencia, John
R. Layman, David I. Matson, Michael M. Smith, Robert D. Adams,
Connie R. Collingsworth, Brent A. Orrico and Gary Sirmon
continued.
Proposal 2. An advisory (non-binding) vote to approve our
executive compensation. This proposal received the following
votes:
For
Against
Abstain
Broker Non-Votes
27,124,962
1,578,569
105,773
1,537,901
Based on the votes set forth above, the compensation of the
Companys named executive officers was approved by shareholders.
Proposal 3. Ratification of the Audit Committees selection of
Moss Adams LLP as the Companys independent auditors for the year
ending December 31, 2017. This proposal received the following
votes:
For
Against
Abstain
Broker Non-Votes
29,973,325
299,617
74,263
Based on the votes set forth above, the appointment of Moss Adams
LLP as the Companys independent auditors to serve for the year
ended December 31, 2017 was duly ratified by the shareholders.
(c) None.
(d) Not applicable.
Item 9.01 Financial Statements and Exhibits
(d)
Exhibits
The following exhibits are being filed herewith and this list
shall constitute the exhibit index:
99.1 Press Release of Banner Corporation dated April 26, 2017


About Banner Corporation (NASDAQ:BANR)

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas. Islanders Bank is a community bank that offers banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks’ primary business is that of traditional banking institutions, accepting deposits and originating loans in locations, including Washington, Oregon, California, Utah and Idaho. Banner Bank is engaged in mortgage banking operations, through the origination and sale of one to four-family residential loans. The Company’s lending activities are conducted through Banner Bank and Community Financial Corporation.

Banner Corporation (NASDAQ:BANR) Recent Trading Information

Banner Corporation (NASDAQ:BANR) closed its last trading session up +0.88 at 57.62 with 147,842 shares trading hands.