First Citizens BancShares, Inc. (NASDAQ:FCNCA) 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.
Inc. (“BancShares”) was held on April 25, 2017. At the meeting,
BancShares’ shareholders voted on:
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the election of 13 directors for terms of one year each;
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a non-binding advisory say-on-pay proposal to approve
compensation paid or provided to BancShares named executive officers as disclosed in the proxy statement for the Annual Meeting; |
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a non-binding advisory say-on-frequency proposal on whether
BancShares should submit a say-on-pay resolution for a vote of shareholders every year, every two years, or every three years; and |
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a proposal to ratify the appointment of Dixon Hughes Goodman
LLP as BancShares independent public accountants for 2017. |
annual meeting.
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ELECTION OF DIRECTORS
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Name of Nominee
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Votes Cast “For”
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Votes “Withheld”
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Broker Nonvotes
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John M. Alexander, Jr.
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22,034,764
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1,184,163
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770,030
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Victor E. Bell III
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21,549,579
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1,669,348
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770,030
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Peter M. Bristow
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22,889,798
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329,129
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770,030
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Hope H. Bryant
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22,889,029
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329,898
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770,030
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H. Lee Durham, Jr.
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21,865,666
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1,353,261
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770,030
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Daniel L. Heavner
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23,040,179
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178,748
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770,030
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Frank B. Holding, Jr.
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23,028,062
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190,865
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770,030
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Robert R. Hoppe
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22,055,191
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1,163,736
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770,030
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Lucius S. Jones
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22,955,539
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263,388
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770,030
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Floyd L. Keels
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23,009,070
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209,857
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770,030
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Robert E. Mason IV
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22,990,441
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228,486
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770,030
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Robert T. Newcomb
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22,912,250
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306,677
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770,030
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James M. Parker
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22,911,186
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307,741
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770,030
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“SAY-ON-PAY” PROPOSAL
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Description of Matter Voted On
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Votes Cast “For”
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Votes Cast “Against”
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Abstained
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Broker Nonvotes
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Proposal to approve a non-binding, advisory resolution to
approve compensation paid or provided to named executive officers as disclosed in the 2017 Annual Meeting proxy statement |
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22,869,185
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249,674
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100,068
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770,030
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“SAY-ON-FREQUENCY” PROPOSAL
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Description of Matter Voted On
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Votes Cast For “Every Year”
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Votes Cast For “Every Two Years”
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Votes Cast for “Every Three Years”
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Abstained
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Broker Nonvotes
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Proposal to whether to submit a “say-on-pay” resolution
for a vote of shareholders every year, every two years, or every three years |
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22,295,053
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19,974
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774,992
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128,908
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770,030
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APPOINTMENT OF INDEPENDENT ACCOUNTANTS
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Description of Matter Voted On
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Votes Cast “For”
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Votes Cast “Against”
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Abstained
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Broker Nonvotes
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Proposal to ratify the appointment of independent
accountants for 2017 |
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23,831,629
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120,468
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36,860
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About First Citizens BancShares, Inc. (NASDAQ:FCNCA)
First Citizens BancShares, Inc. is a holding company. The Company invests the liquidity generated from its funding sources in interest-earning assets, including loans and leases, investment securities and overnight investments. It also invests in bank premises, hardware, software, furniture and equipment used to conduct its commercial banking business. The Company provides treasury services products, cardholder and merchant services, wealth management services and various other products and services typically offered by commercial banks. The Company conducts its banking operations through its subsidiary, First-Citizens Bank & Trust Company (FCB), a state-chartered bank. FCB offers services, including taking of deposits, cashing of checks and providing for individual and commercial cash needs; checking and savings plans; commercial, business and consumer lending; a full-service trust department; wealth management services, and other activities incidental to commercial banking. First Citizens BancShares, Inc. (NASDAQ:FCNCA) Recent Trading Information
First Citizens BancShares, Inc. (NASDAQ:FCNCA) closed its last trading session up +0.38 at 359.89 with 31,296 shares trading hands.