CITIZENS COMMUNITY BANCORP, INC. (NASDAQ:CZWI) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
Citizens Community Bancorp, Inc. (the “Company”) held a Special Meeting of Stockholders (the “Special Meeting”) on September 25, 2018.A total of 5,914,379 shares of common stock were eligible to vote at the Special Meeting.The matters voted on at the Special Meeting were as follows:
Proposal 1: Approval, for purposes of NASDAQ Listing Rule 5635, the Company’s issuance of shares of common stock upon the conversion of the Company’s 8.00% Series A Mandatorily Convertible Non-Cumulative Non-Voting Perpetual Preferred Stock.
The issuance of the Company’s common stock upon conversion of the Company’s 8.00% Series A Mandatorily Convertible Non-Cumulative Non-Voting Perpetual Preferred Stock was approved. The results of the vote were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
3,345,550 |
431,688 |
11,221 |
Proposal 2: Approval of the 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.
The stockholders approved the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies. The results of the vote were as follows:
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
3,364,357 |
406,380 |
17,722 |
About CITIZENS COMMUNITY BANCORP, INC. (NASDAQ:CZWI)
Citizens Community Bancorp, Inc. is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, small commercial and agricultural banking activities, through the Bank. As of September 30, 2015, it had approximately $460 million in deposits. Through all of its branch locations, in Wisconsin, Minnesota and Michigan, the Bank provides a range of commercial and consumer banking products and services to customers, including online and mobile banking options. It offers a range of loans, such as commercial loans, agricultural loans and residential mortgages. Its Investment portfolio consists of securities available for sale and securities held to maturity. Its primary sources of funds are deposits; amortization, prepayments and maturities of outstanding loans; other short-term investments, and funds provided from operations. As of September 30, 2015, its total gross outstanding loans before net deferred loan costs were approximately $448,100.
