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 April27, 2017, where the shareholders elected
eleven directors to serve for a one-year term; approved, on a
nonbinding basis, executive compensation for the fiscal year
ending December 31, 2016; ratified, on a nonbinding basis, the
appointment of Crowe Horwath LLP as the Companys independent
registered public accounting firm for the fiscal year ending
December 31, 2017; and voted to reject a shareholder proposal to
adopt a policy to require an independent chairman.
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 |
34,968,702 |
398,329 |
1,370 |
2,712,997 |
|
Michael B. Burgamy |
35,281,507 |
81,987 |
4,907 |
2,712,997 |
|
Michael G. Hutchinson |
35,171,943 |
185,270 |
11,188 |
2,712,997 |
|
Evan Makovsky |
31,480,179 |
3,885,237 |
2,985 |
2,712,997 |
|
Richard L. Monfort |
35,307,272 |
58,144 |
2,985 |
2,712,997 |
|
Douglas L. Polson |
35,314,895 |
46,037 |
7,469 |
2,712,997 |
|
Mary K. Rhinehart |
35,297,251 |
64,296 |
6,854 |
2,712,997 |
|
Noel N. Rothman |
35,271,603 |
88,481 |
8,317 |
2,712,997 |
|
Bruce H. Schroffel |
35,323,688 |
35,534 |
9,179 |
2,712,997 |
|
Timothy J. Travis |
35,202,175 |
159,607 |
6,619 |
2,712,997 |
|
Mary Beth Vitale |
35,224,356 |
137,191 |
6,854 |
2,712,997 |
2Shareholders approved, on a nonbinding basis, executive
compensation for the fiscal year ending December 31, 2016:
|
For |
35,161,175 |
|
Against |
197,241 |
|
Abstain |
9,985 |
|
Broker non-votes |
2,712,997 |
3Shareholders ratified, on a nonbinding basis, Crowe Horwath LLP
as the Companys independent registered public accounting firm for
the fiscal year ending December 31, 2017:
|
For |
38,063,677 |
|
Against |
14,393 |
|
Abstain |
3,328 |
4Shareholders rejected a shareholder proposal to adopt a policy
to require an independent chairman:
|
For |
8,246,605 |
|
Against |
27,101,724 |
|
Abstain |
20,072 |
|
Broker non-votes |
2,712,997 |
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. CoBiz Financial Inc. (NASDAQ:COBZ) Recent Trading Information
CoBiz Financial Inc. (NASDAQ:COBZ) closed its last trading session down -0.12 at 16.55 with 78,406 shares trading hands.
