CITIZENS FIRST CORPORATION (NASDAQ:CZFC) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM 5.07 SubmissionOf Matters To A Vote Of Security Holders.
The annual meeting of shareholders of the Company was held on May
17, 2017.The following directors were elected to three year
terms, ending in 2020, with the vote totals as shown:
|
Broker |
|||
|
Votes for |
Votes withheld |
Non-votes |
|
|
Barry D. Bray |
1,250,972 | 234,421 | 350,145 |
|
Sarah Glenn Grise |
1,249,972 | 235,421 | 350,145 |
|
Amy Milliken |
1,236,337 | 249,056 | 350,145 |
The terms of office of the following directors of the Company
continued after the Annual Meeting:
|
Name |
Term Expires In |
|
Jim Henderson |
2018 |
|
James R. Hilliard |
2018 |
|
M. Todd Kanipe |
2018 |
|
Kevin Vance |
2018 |
|
Kent Furlong |
2019 |
|
Steve Marcum |
2019 |
|
Jack Sheidler |
2019 |
|
John Taylor |
2019 |
The following vote totals were received on the ratification of
Crowe Horwath, LLP as the Companys independent registered public
accounting firm for the fiscal year ending December 31, 2017:
|
Votes For |
1,823,452 |
|
Votes Against |
3,316 |
|
Votes Abstained |
8,770 |
|
Broker Non-votes |
0 |
The following vote totals were received on the advisory vote on
executive compensation:
|
Votes For |
1,198,027 |
|
Votes Against |
197,449 |
|
Votes Abstained |
89,917 |
|
Broker Non-votes |
350,145 |
The following vote totals were received on the shareholder
proposal on elimination of classified or staggered board:
|
Votes For |
1,041,240 |
|
Votes Against |
433,115 |
|
Votes Abstained |
11,038 |
|
Broker Non-votes |
350,145 |
The following vote totals were received on the shareholder
proposal recommending the board of directors immediately
implement the steps necessary to achieve a sale, merger or
other disposition of the corporation:
|
Votes For |
776,849 |
|
Votes Against |
695,903 |
|
Votes Abstained |
12,641 |
|
Broker Non-votes |
350,145 |
Item 7.01 Regulation FD Disclosure.
On May 15, 2017, the Board of Directors of the Company
authorized the redemption of all 229 outstanding shares of the
Cumulative Convertible Preferred Stock as of June 30, 2017 (the
Redemption Date) at the redemption price of $31,992 per share
(the Stated Amount of the preferred stock), plus accrued and
unpaid dividends (the Redemption Price), including pro rata
dividend according to the number of days elapsed prior to the
redemption date over an assumed year of 365 days. Dividends
will cease to accrue on the preferred stock as of the following
redemption date. The Redemption Price was determined in
accordance with the Companys Second Amended and Restated
Article of Incorporation. Holders of the preferred stock will
receive a notice and instructions for surrendering their
certificates for shares of preferred stock to the Company.
About CITIZENS FIRST CORPORATION (NASDAQ:CZFC)
Citizens First Corporation is the bank holding company for Citizens First Bank, Inc. (the Bank). The Bank conducts full-service community banking operations from approximately 10 locations in the Kentucky counties of Barren, Hart, Simpson and Warren. The Bank is primarily engaged in the business of accepting demand, savings and time deposits insured by the Federal Deposit Insurance Corporation (FDIC) and providing commercial, consumer and mortgage loans to the general public. The Bank also provides debit cards, credit cards, safekeeping and safe deposit boxes, automated clearing house (ACH) and other direct deposit services, savings bond redemptions, cashier’s checks, travelers’ checks and letters of credit. The Bank offers a range of loans, including commercial and residential real estate mortgage loans, construction loans, commercial loans and consumer loans to individuals and small to mid-size businesses. CITIZENS FIRST CORPORATION (NASDAQ:CZFC) Recent Trading Information
CITIZENS FIRST CORPORATION (NASDAQ:CZFC) closed its last trading session up +0.21 at 21.50 with 2,707 shares trading hands.
