FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operations and Financial
Condition.
On April 25, 2017, First Community Bancshares, Inc. (the Company)
announced by press release its earnings for the first quarter of
2017. A copy of the press release is attached hereto as Exhibit
99.1.
Item 5.07 Submission of Matters to a
Vote of Security Holders
On April 25, 2017, the Company held its annual shareholders
meeting. At the meeting, the Companys shareholders: (i) elected
all persons listed below under Proposal 1 to serve as director of
the Company for a term that will continue until the 2020 annual
meeting of shareholders; (ii) approved on a non-binding basis,
the compensation of the Companys named executive officers; (iii)
approved a three year frequency of the advisory vote on executive
compensation; and (iv) ratified the appointment of Dixon Hughes
Goodman LLP as the Companys independent registered public
accounting firm.
The following tables summarize voting results by the Companys
shareholders.
Proposal 1: To elect three directors to serve as members of
the Board of Directors Class of 2020.
|
Nominee |
Votes FOR |
Votes WITHHELD |
Broker Non-Votes |
|||
|
C. William Davis |
9,686,481 |
445,426 |
2,111,371 |
|||
|
Gary R. Mills |
8,998,690 |
1,133,217 |
||||
|
M. Adam Sarver |
9,321,323 |
810,584 |
Proposal 2: To approve on a non-binding basis, the
compensation of the Companys named executive officers.
|
Votes FOR |
Votes AGAINST |
Votes ABSTAIN |
|||||
|
|
|||||||
|
9,781,030 |
319,233 |
31,644 |
Proposal 3: To approve the frequency of the advisory vote on
executive compensation.
|
3 Years |
2 Years |
1 Year |
Votes ABSTAIN |
||||
|
|
|||||||
|
5,661,055 |
159,325 |
4,264,115 |
47,412 |
Proposal 4: To ratify the appointment of Dixon Hughes Goodman
LLP as the Companys independent registered public accounting
firm.
|
Votes FOR |
Votes AGAINST |
Votes ABSTAIN |
||||
|
|
||||||
|
11,942,284 |
242,849 |
58,145 |
Item8.01Other Events.
On April 25, 2017, the Company announced by press release its
quarterly cash dividend to common stockholders of sixteen cents
($0.16) per common share, payable on May 19, 2017, to
shareholders of record on May 5, 2017. A copy of the press
release is attached hereto as Exhibit 99.1.
Item9.01Financial Statements and
Exhibits.
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(d) |
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The following exhibit is included with this report: |
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Exhibit No. |
|
Exhibit Description |
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99.1 |
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Earningsand dividend press release dated April 25, 2017 |
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Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements.These forward-looking statements are based on current
expectations that involve risks, uncertainties, and
assumptions.Should one or more of these risks or uncertainties
materialize or should underlying assumptions prove incorrect,
actual results may differ materially.These risks include:changes
in business or other market conditions; the timely development,
production and acceptance of new products and services; the
challenge of managing asset/liability levels; the management of
credit risk and interest rate risk; the difficulty of keeping
expense growth at modest levels while increasing revenues; and
other risks detailed from time to time in the Companys Securities
and Exchange Commission reports, including but not limited to the
Annual Report on Form 10-K for the most recent year ended. to the
Private Securities Litigation Reform Act of 1995, the Company
does not undertake to update forward-looking statements to
reflect circumstances or events that occur after the date the
forward-looking statements are made.
About FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC)
First Community Bancshares, Inc. is a financial holding company. The Company provides commercial banking products and services through its subsidiary First Community Bank (the Bank). The Company operates in the community banking segment. The Bank operates under the trade names First Community Bank in Virginia, West Virginia, and North Carolina and People’s Community Bank, a division of the bank, in Tennessee. The community banking segment consists of commercial and consumer banking, lending activities, wealth management and insurance services. The Company provides insurance services through its full-service insurance agency subsidiary Greenpoint Insurance Group, Inc. The Bank offers wealth management and investment advice through its subsidiary First Community Wealth Management and the Bank’s Trust Division. It serves a diverse customer base of individuals and businesses across various industries, such as manufacturing, construction, retail, healthcare, military and transportation. FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC) Recent Trading Information
FIRST COMMUNITY BANCSHARES, INC. (NASDAQ:FCBC) closed its last trading session 00.00 at 26.18 with 33,886 shares trading hands.