Chemical Financial Corporation (NASDAQ:CHFC) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
the shareholders approved the Stock Incentive Plan of 2017, which
was previously adopted by the Board of Directors subject to
shareholder approval. A description of the terms and conditions of
the plan is included in Chemicals definitive proxy statement for
the 2017 annual meeting of shareholders, filed with the Commission
on March 10, 2017, which description is incorporated herein by
reference.
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Item 5.07
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Submission of Matters to a Vote of Security Holders.
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meeting of shareholders on Wednesday, April 26, 2017. At that
meeting, the shareholders voted on six proposals, as described in
Chemical’s Proxy Statement dated March 10, 2017, and cast their
votes as described below.
for director were elected by the following votes:
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Votes Cast
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Election of Directors
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For
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Withheld
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Broker Non-Votes
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Uncast
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James R. Fitterling
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56,606,000
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520,449
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6,977,959
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Ronald A. Klein
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55,360,310
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1,766,139
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6,977,959
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Richard M. Lievense
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53,190,331
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3,936,118
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6,977,959
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Barbara J. Mahone
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56,380,048
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746,401
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6,977,959
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John E. Pelizzari
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56,333,312
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793,137
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6,977,959
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David T. Provost
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52,868,948
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4,257,501
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6,977,959
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David B. Ramaker
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56,263,598
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862,851
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6,977,959
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Larry D. Stauffer
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56,575,554
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550,895
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6,977,959
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Jeffery L. Tate
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56,653,502
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472,947
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6,977,959
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Gary Torgow
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53,630,548
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3,495,901
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6,977,959
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Arthur A. Weiss
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56,476,535
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649,914
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6,977,959
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Franklin C. Wheatlake
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56,289,520
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836,929
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6,977,959
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Incorporation to increase the number of authorized shares of our
common stock from 100,000,000 shares to 135,000,000 shares. This
proposal was approved.
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Votes Cast
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For
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Against
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Abstain
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Broker Non-Votes
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62,735,230
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1,247,295
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121,883
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2017. This proposal was approved.
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Votes Cast
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For
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Against
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Abstain
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Broker Non-Votes
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53,927,612
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2,982,433
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216,404
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6,977,959
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Chemical’s independent registered public accounting firm for the
year ending December 31, 2017. This proposal was approved.
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Votes Cast
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For
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Against
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Abstain
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Broker Non-Votes
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63,240,890
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704,657
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158,861
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Chemical’s executive compensation. This proposal was approved.
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Votes Cast
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For
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Against
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Abstain
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Broker Non-Votes
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54,886,968
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1,711,128
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528,353
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6,977,959
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frequency of the advisory approval of executive compensation. “One
year” was approved.
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Votes Cast
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1 Year
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2 Years
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3 Years
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Abstentions
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Broker Non-Votes
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Uncast
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46,019,372
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385,478
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10,400,980
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318,781
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6,977,959
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1,838
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determined to include a non-binding advisory proposal to approve
Chemical’s executive compensation in its proxy materials on an
annual basis until the next required vote on the frequency of the
advisory approval of executive compensation.
About Chemical Financial Corporation (NASDAQ:CHFC)
Chemical Financial Corporation is a financial holding company. The Company operates in the commercial banking segment. The Company, through its subsidiary bank, Chemical Bank, offers banking and fiduciary products and services. Its products and services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, access to insurance and investment products, corporate and personal wealth management services, and other banking services. It operates through an organizational structure of over four regional banking units. The Chemical Bank serves the markets through over 185 banking offices located in over 50 counties across Michigan’s Lower Peninsula. In addition to its banking offices, Chemical Bank operates over three loan production offices and over 200 automated teller machines. Chemical Financial Corporation (NASDAQ:CHFC) Recent Trading Information
Chemical Financial Corporation (NASDAQ:CHFC) closed its last trading session up +0.26 at 48.23 with 342,186 shares trading hands.