CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO) 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 2017 Annual Meeting of Stockholders of Carolina Financial
Corporation (the Company) was held on April 26, 2017 at 5:00
p.m., at the Marina Inn at Grande Dunes, 8121 Amalfi Place,
Myrtle Beach, South Carolina (the Annual Meeting). Of the
14,438,595 shares outstanding, at the Annual Meeting there were
present, in person or by proxy, 12,469,600 shares of the Companys
common stock, representing approximately 86.36% of the total
outstanding eligible votes. The stockholders of the Company
voted: (1) to elect three Class III members to the Board of
Directors; and (2) to ratify the appointment of Elliott Davis
Decosimo, LLC as the Companys independent registered public
accounting firm for the fiscal year ended December 31, 2017.
The results of the Annual Meeting are as follows:
| 1. | To elect three Class III directors: |
| Nominee | Class | For | Withheld | Broker Non-Votes |
| Robert G. Clawson, Jr. | Class III | 9,107,507 | 139,774 | 3,222,319 |
| Gary M. Griffin | Class III | 9,147,591 | 99,690 | 3,222,319 |
| Daniel H. Isaac, Jr. | Class III | 9,122,909 | 124,372 | 3,222,319 |
The other directors that continued in office after the meeting
are as follows:
| Class I | Class II |
| Robert M. Moise | W. Scott Brandon |
| David L. Morrow | Jeffrey L. Deal |
| Jerold L. Rexroad | Michael P. Leddy |
| Claudius E. Watts, IV | Thompson E. Penney |
One of the Companys former Class III directors G. Manley Eubank
did not stand for re-election at the Annual Meeting based on the
age limitation for directors set forth in the Companys Amended
and Restated Bylaws. Accordingly, Mr. Eubank retired from the
Board of Directors effective as of the adjournment of the Annual
Meeting.
| 2. |
To ratify the appointment of Elliott Davis Decosimo, LLC as the Companys independent registered public accounting firm for the fiscal year ended December 31, 2017: |
| For | Against | Abstain |
| 12,328,555 | 13,838 | 127,207 |
Item 8.01 Other Events
On April 26, 2017, the Companys Board of Directors declared a
quarterly cash dividend of $0.04 per share payable on its common
stock. The cash dividend will be payable on July 6, 2017 to
stockholders of record as of June 15, 2017.
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. CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO) Recent Trading Information
CAROLINA FINANCIAL CORPORATION (NASDAQ:CARO) closed its last trading session down -0.03 at 30.96 with shares trading hands.
