EQUITY BANCSHARES, INC. (NASDAQ:EQBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April25, 2018, at the Annual Meeting of Stockholders (the “Annual Meeting”) of Equity Bancshares, Inc. (the “Company”), the stockholders of the Company approved an amendment (the “Amendment”) to the Company’s Amended and Restated 2013 Stock Incentive Plan (the “Incentive Plan”) to increase by 600,000 shares the number of shares of the Company’s ClassA common stock authorized for issuance under the Incentive Plan. The Company’s board of directors (the “Board”) had previously adopted the Amendment, subject to stockholder approval. For a more detailed description of the Incentive Plan, please refer to the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March21, 2018 (the “Proxy Statement”). The foregoing description of the Incentive Plan is not complete and is qualified in its entirety by reference to the Incentive Plan, a copy of which is included as Appendix A to the Proxy Statement and is incorporated herein by reference as Exhibit 10.1 to this Current Report on Form 8-K.
As previously announced, in connection with a restructuring of the Board, the resignations of Dan R. Bowers, Roger A. Buller, Michael R. Downing, P. John Eck and Randee R. Koger became effective immediately prior to the Annual Meeting and the number of directors that compose the Board was reduced from fourteen directors to nine directors. Each of the directors continues to serve on the board of directors of Equity Bank, the Company’s wholly owned subsidiary.
| Item 5.02 | Submission of Matters to a Vote of Security Holders. |
On April25, 2018, the Company held its Annual Meeting to consider and act upon the items listed below:
| 1. | The stockholders of the Company elected the individuals listed below to serve as ClassII members of the Company’s Board of Directors to serve until the Company’s 2021 annual meeting of stockholders by the votes set forth in the table below: |
| For | Against | Abstain | BrokerNon-Vote | |
|
Brad S. Elliott |
7,835,606 | 2,033,966 | 239,154 | 2,672,931 |
|
Gregory H. Kossover |
8,539,098 | 1,330,474 | 239,154 | 2,672,931 |
|
Harvey R. Sorensen |
8,075,905 | 1,658,988 | 373,833 | 2,672,931 |
| 2. | The stockholders of the Company ratified the appointment of Crowe Chizek LLP as the Company’s independent registered public accounting firm for the year ending December31, 2018 by the votes set forth in the table below: |
|
For |
Against |
Abstain |
|
12,768,812 |
8,272 | 4,573 |
| 3. | The stockholders of the Company approved the Amendment to the Incentive Plan by the votes set forth in the table below: |
|
For |
Against |
Abstain |
BrokerNon-Vote |
|
8,962,889 |
1,135,947 | 9,890 | 2,672,931 |
| Item 5.02 | Financial Statements and Exhibits. |
(d) Exhibits
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About EQUITY BANCSHARES, INC. (NASDAQ:EQBK)
Equity Bancshares, Inc. is a bank holding company. The Company’s principal activity is the ownership and management of its subsidiary, Equity Bank (the Bank). The Bank provides a range of financial services primarily to businesses and business owners, as well as individuals. As of November 10, 2016, the Company operated through 34 branches located in Kansas, Missouri and Arkansas. The Company’s operations involve the delivery of loan and deposit products to its customers. The Company offers commercial banking products and other services, including lending activities, deposit products, and other products and services. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements and mobile banking solutions. In addition, the Company offers commercial treasury management services, wire transfer, automated clearing house (ACH) services and cash management deposit products.
