BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC) 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
The Annual Meeting of Stockholders of Broadway Financial
Corporation (the Company) was held on June21, 2017. Only
stockholders of record as of the close of business on May4, 2017,
the record date for the Annual Meeting, were entitled to vote at
the Annual Meeting. As of the record date, 18,694,823 shares of
the Companys voting stock were outstanding and entitled to vote
at the Annual Meeting. The tabulation of the stockholder votes on
each proposal brought before the Annual Meeting is as follows:
(1)To elect three directors to serve until the Annual Meeting to
be held in the year 2020 or until their successors are elected
and have been qualified.
The stockholders re-elected Virgil Roberts, A. Odell Maddox and
Daniel A. Medina to serve as directors for three-year terms. The
number of votes cast with respect to each of these persons was as
follows:
|
|
|
For |
|
Withheld |
|
|
Virgil Roberts |
12,917,666 |
25,996 |
|||
|
A. Odell Maddox |
12,861,861 |
81,801 |
|||
|
Daniel A. Medina |
12,916,909 |
26,753 |
Broker non-votes with respect to this proposal were 837,741.
(2)To ratify the appointment of Moss Adams LLP as the Companys
independent registered public accounting firm for the year ending
December31, 2017.
The stockholders ratified the appointment of Moss Adams LLP as
the Companys independent registered public accounting firm for
2017, with 13,493,706 shares voting for, 12,764 shares voting
against and 274,933 shares abstaining.
No broker non-votes were received with respect to this proposal.
(3)To cast an advisory (non-binding) vote on the Companys
executive compensation.
The stockholders approved the Companys executive compensation,
with 12,607,479 shares voting for, 51,785 shares voting against
and 284,398 shares abstaining.
Broker non-votes with respect to this proposal were 837,741.
About BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC)
Broadway Financial Corporation is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. (the Bank). The Bank is a community-oriented savings institution. The Bank’s business consists of deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential properties with over five or more units (multi-family); commercial real estate, and residential properties with one-to four-units (single family). Its loan portfolio consists of mortgage loans, which are secured by single family residential properties; multi-family properties, and commercial real estate, including churches. Its deposits consist of passbook savings accounts, checking accounts, negotiable order of withdrawal (NOW) accounts, money market accounts and fixed-term certificates of deposit.
