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

ME Staff 8-k

7 years ago

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