CoBiz Financial Inc. (NASDAQ:COBZ) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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CoBiz Financial Inc. (NASDAQ:COBZ) 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.

CoBiz Financial Inc. (the “Company”) held its annual meeting of shareholders on April26, 2018, where the shareholders elected twelve directors to serve for a one-year term; approved, on a nonbinding basis, executive compensation for the fiscal year ending December 31, 2017; ratified, on a nonbinding basis, the appointment of Crowe Horwath LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018; and voted, on a nonbinding basis, for the Company to continueto hold an annual advisory vote on the compensation of the Company’s named executive officers.

The results of the votes were as follows:

1Shareholders elected the following nominees to serve as directors of the Company for a one-year term:

Nominee

For

Withheld

Abstain

Broker non-votes

Steven Bangert

36,425,345

9,258

505

3,154,871

Michael G. Hutchinson

35,524,834

904,390

5,884

3,154,871

Angela M. MacPhee

36,333,695

97,828

3,585

3,154,871

Joel R. Montbriand

36,335,000

96,523

3,585

3,154,871

Jonathan P. Pinkus

36,332,500

96,523

6,085

3,154,871

Mary K Rhinehart

36,110,486

322,537

2,085

3,154,871

Noel N Rothman

36,291,278

141,245

2,585

3,154,871

Terrance M. Scanlan

36,342,500

86,523

6,085

3,154,871

Bruce H Schroffel

36,407,034

23,289

4,785

3,154,871

Mary Beth Vitale

36,241,779

191,244

2,085

3,154,871

Marc S. Wallace

36,289,545

141,478

4,085

3,154,871

Willis T. Wiedel

36,335,000

96,523

3,585

3,154,871

2Shareholders approved, on a nonbinding basis, executive compensation for the fiscal year ending December 31, 2017:

For

35,813,220

Against

568,656

Abstain

53,232

Broker non-votes

3,154,871

3Shareholders ratified, on a nonbinding basis, Crowe Horwath LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018:

For

39,555,770

Against

12,839

Abstain

21,370

4Shareholders voted, on a nonbinding basis,a preference to hold an annual advisory vote on the compensation of our named executive officers:

1 Year

31,738,155

2 Years

1,314,737

3 Years

1,888,812

Abstain

1,493,404

Broker non-votes

3,154,871


About CoBiz Financial Inc. (NASDAQ:COBZ)

CoBiz Financial Inc. (CoBiz) is a financial holding company. The Company operates in three segments: Commercial Banking, Fee-Based Lines, and Corporate Support and Other. The Commercial Banking segment offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products. The Fee-Based Lines segment offers employee benefits brokerage and consulting, insurance brokerage and wealth management services. Its subsidiary, CoBiz Bank (the Bank), is a full-service business banking institution. In Colorado, the Bank operates under the name Colorado Business Bank and has over 10 locations, including approximately nine in the Denver metropolitan area, and others in Boulder, Colorado Springs, Fort Collins and Vail. In Arizona, the Bank operates under the name Arizona Business Bank and has over five locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County.