CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The 2019 Annual Meeting of Stockholders of Carolina Financial Corporation (the Company) was held on April 24, 2019 at 5:00 p.m., at the Marina Inn at Grande Dunes, 8121 Amalfi Place, Myrtle Beach, South Carolina (the Annual Meeting). One of the Companys former Class I directors Michael P. Leddy did not stand for re-election at the Annual Meeting based on the age limitation for directors set forth in the Companys bylaws. Accordingly, Mr. Leddy retired from the Board of Directors effective as of the adjournment of the Annual Meeting.
Item 5.07 Submission of Matters to a Vote of Security Holders.
Of the 22,312,362 shares of common stock outstanding, at the Annual Meeting there were present, in person or by proxy, 19,929,889 shares, representing approximately 89.32% of the total outstanding eligible votes. At the Annual Meeting, the stockholders of the Company voted to:
About CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO)
Carolina Financial Corporation is a bank holding company. The Company operates through CresCom Bank, a South Carolina state-chartered bank (the Bank). The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company’s community banking segment provides traditional banking services offered through CresCom Bank. The mortgage banking segment provides wholesale mortgage loan origination and servicing offered through Crescent Mortgage Company. The other segment provides managerial and operational support to the other business segments through Carolina Services and Carolina Financial. CresCom Bank provides a range of commercial and retail banking financial services to meet the financial needs of its customers through its branch network in South Carolina and North Carolina. It provides commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, and consumer loans.