Camden National Corporation (NASDAQ:CAC) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Abstentions

Broker Non-Vote

ME Staff 8-k

8 years ago

Camden National Corporation (NASDAQ:CAC) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year.

On April 26, 2017, the Company filed Articles of Amendment to the
Articles of Incorporation of the Company (the Articles of
Amendment) with the Secretary of State of the State of Maine to
increase the number of authorized shares of common stock of the
Company, no par value, from 20,000,000 to 40,000,000. The
Articles of Amendment, which were effective upon filing, are
included as Exhibit 3.1 hereto and are incorporated herein by
reference.



Item 5.07	Submission of Matters to a Vote of Security Holders.

The 2017 Annual Meeting of Shareholders of Camden National
Corporation was held on April 25, 2017 at the Point Lookout
Conference Center, 67 Atlantic Highway, Northport, Maine. At the
Annual Meeting, there were present in person or by proxy
13,030,376 shares of the Companys common stock, representing
approximately 84% of the total outstanding eligible votes. The
following is a brief description of each matter voted on at the
Annual Meeting, and the number of votes cast for or against, as
well as the number of abstentions and broker non-votes, as to
each matter.

1. Election of four persons to the Board of Directors, each to
serve a three-year term and until his or her successor is elected
and qualified:



	For	Against	Abstain	Broker Non-Vote
John W. Holmes	10,222,359	133,358	59,101	2,615,559
David J. Ott	10,301,930	54,002	58,886	2,615,559
John M. Rohman	10,285,817	61,900	67,101	2,615,559
Lawrence J. Sterrs	10,291,733	63,199	59,886	2,615,559

The majority of votes cast voted to elect the four named persons
above to the Board of Directors.

2. Non-binding advisory vote on the compensation of the Companys
named executive officers (Say-on-Pay):

The majority of votes cast at the Annual Meeting voted to approve
the compensation of the Companys named executive officers.

3. Non-binding advisory vote on the frequency of future
Say-on-Pay votes:



1 Year	2 Years	3 Years	Abstentions	Broker Non-Vote
8,383,012	258,918	1,644,233	119,553	2,624,660

The majority of votes cast at the Annual Meeting voted to approve
one year as the frequency of future Say-on-Pay votes.

4. Ratification of the 2012 Equity and Incentive Plan:

The majority of votes cast at the Annual Meeting voted to ratify
the 2012 Equity and Incentive Plan.

5. Ratification of the appointment of RSM US LLP as the Companys
independent registered public accounting firm for the year ending
December 31, 2017:



For	Against	Abstentions
12,979,926	20,196	30,254

The majority of votes cast at the Annual Meeting voted to ratify
the appointment of RSM US LLP as the Companys independent
registered public accounting firm for the year ending December
31, 2017.

6. Amendment of the Articles of Incorporation of the Company to
increase the number of authorized shares of common stock from
20,000,000 to 40,000,000:



For	Against	Abstentions
11,963,981	1,048,122	18,273

The majority of the outstanding shares entitled to vote at the
Annual Meeting voted to amend the Articles of Incorporation of
the Company to increase the number of authorized shares of common
stock from 20,000,000 to 40,000,000.



Item 9.01	Financial Statements and Exhibits.

(d) The following exhibits are filed with this report:

Exhibit No. Description

3.1 Amendment to the Articles of Incorporation of Camden National
Corporation

About Camden National Corporation (NASDAQ:CAC)
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiaries is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Company offers commercial and consumer banking products and services through its subsidiary, Camden National Bank (the Bank), and brokerage and insurance services through Camden Financial Consultants (Camden Financial), a division of the Bank. The Company also offers investment management and fiduciary services through its subsidiary, Acadia Trust, N.A. (Acadia Trust), a federally-regulated, non-depository trust company headquartered in Portland, Maine. The Bank’s subsidiary, Healthcare Professional Funding Corporation (HPFC), provides specialized lending to dentists, optometrists and veterinarians across the United States. Camden National Corporation (NASDAQ:CAC) Recent Trading Information
Camden National Corporation (NASDAQ:CAC) closed its last trading session up +0.46 at 44.58 with 97,748 shares trading hands.