CAPITAL BANK FINANCIAL CORP. (NASDAQ:CBF) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
(2)The proposal to approve, by advisory (non-binding) vote, certain compensation that may be paid or become payable to Capital Bank Financial's named executive officers in connection with the merger (the "Merger-Related Compensation Proposal"); and
(3)The proposal for adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to adopt the Merger Agreement the ("Adjournment Proposal").
The final voting results for each proposal are described below. For more information on each of these proposals, see Capital Bank Financial's definitive proxy statement filed with the U.S. Securities and Exchange Commission on July 31, 2017.
|
1. |
Merger Agreement Proposal: |
|
Votes Cast For |
Votes Cast Against |
||||
|
Number |
% of Votes Outstanding |
Number |
% of Votes Outstanding |
Abstain |
Broker Non-Votes |
|
28,906,767 |
81.53% |
738,282 |
2.08% |
285,105 |
|
2. |
Merger-Related Compensation Proposal: |
|
Votes Cast For |
Votes Cast Against |
||||
|
Number |
% of Votes Cast |
Number |
% of Votes Cast |
Abstain |
Broker Non-Votes |
|
16,580,789 |
55.40% |
13,059,562 |
43.63% |
289,798 |
|
Votes Cast For |
Votes Cast Against |
||||
|
Number |
% of Votes Cast |
Number |
% of Votes Cast |
Abstain |
Broker Non-Votes |
|
26,996,134 |
90.20% |
2,644,496 |
8.84% |
289,523 |
With respect to the Adjournment Proposal, although sufficient votes would have been received for the proposal to be approved, no motion to adjourn was made because the adjournment of the Special Meeting was determined not to be necessary or appropriate.
About CAPITAL BANK FINANCIAL CORP. (NASDAQ:CBF)
Capital Bank Financial Corp. (CBF) is a bank holding company whose business is conducted primarily through Capital Bank Corporation (the Bank). The Company operates in the financial services operations segment. The Company operates over 150 full service banking offices located in Florida, North Carolina, South Carolina, Tennessee and Virginia. Through its branches, the Company offers a range of commercial and consumer loans and deposits, as well as ancillary financial services. The Company’s commercial loan products include owner occupied and non-owner occupied commercial real estate; construction; working capital loans and lines of credit; demand, and time loans, and equipment, inventory and accounts receivable financing. Consumer loan products it offers include home equity loans and lines of credit; residential first lien mortgages; second lien mortgages; new and used auto loans; new and used boat loans; overdraft protection, and unsecured personal credit lines.
