FIRST FINANCIAL BANKSHARES, INC. (NASDAQ:FFIN) 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
| (a) |
On April25, 2017, the annual meeting of shareholders of the Company was held in Abilene, Texas. |
| (b) |
The following is a summary of the matters voted on at the annual meeting: |
| (1) |
The following directors were elected at the annual meeting to hold office until the 2018 annual meeting of shareholders, and the respective number of votes cast for and withheld are as follows: |
|
Director |
Votes For | Votes Withheld | ||||||
|
April Anthony |
46,616,564 | 89,422 | ||||||
|
Steven L. Beal |
46,627,776 | 78,210 | ||||||
|
Tucker S. Bridwell |
46,528,597 | 177,389 | ||||||
|
David Copeland |
46,618,279 | 87,707 | ||||||
|
F. Scott Dueser |
46,602,086 | 103,900 | ||||||
|
Murray Edwards |
46,635,360 | 70,626 | ||||||
|
Ron Giddiens |
46,636,854 | 69,132 | ||||||
|
Tim Lancaster |
46,613,337 | 92,649 | ||||||
|
Kade L. Matthews |
46,610,285 | 95,701 | ||||||
|
Ross Smith |
46,631,803 | 74,183 | ||||||
|
Johnny E. Trotter |
46,532,016 | 173,970 |
There were 11,792,818 broker non-votes.
| (2) |
The shareholders voted to ratify the appointment of Ernst Young LLP to serve as the Companys independent registered public accounting firm for the year ending December31, 2017 by a vote of 57,391,939 for, 1,056,029 against and 50,836 abstained. There were no broker non-votes. |
| (3) | The shareholders approved the following resolution: |
RESOLVED, that the shareholders of First Financial Bankshares,
Inc. hereby approve on an advisory basis, the compensation paid
to the Companys named executive officers, as disclosed to Item
402 of Regulation S-K to the Companys Proxy Statement for the
2017 Annual Meeting of Shareholders, including the Compensation
Discussion and Analysis compensation tables and narrative
discussion, by a vote of 45,358,585 for, 797,133 against and
550,268 abstained. There were 11,792,818 broker non-votes.
| (4) | The shareholders voted on the following resolution: |
RESOLVED, that the option of once every year, two years or three
years that receives the highest number of votes cast for this
resolution will be determined to be the preferred frequency with
which the Company is to hold an advisory vote of the shareholders
on the compensation paid to the Companys named executive
officers, as disclosed to Item 402 of Regulation S-K, including
the Compensation Discussion and Analysis compensation tables and
narrative discussion, with the following voting results:
29,896,812 every year, 436,219 every two years, 15,376,881 every
three years, and 996,074 abstained. There were 11,792,818 broker
non-votes.
Consistent with the Board of Directors recommendation set forth
in the Companys definitive proxy statement for the 2017 annual
meeting of shareholders and in light of the above voting results,
the Board of Directors determined to hold an annual shareholder
advisory vote to approve the compensation of the Companys named
executive officers, commencing with its 2018 annual meeting of
shareholders, and continuing thereafter until such time that the
frequency vote is next presented to shareholders or until the
Board of Directors determines that a different frequency is in
the best interest of the Company and its shareholders.
ITEM 7.01 REGULATION FD DISCLOSURE
Attached as exhibit 99.1 to this Form 8-K is the press release
dated April25, 2017 announcing the results of the Annual Meeting
of Shareholders of the Company.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits |
|
ExhibitNo. |
Exhibit |
|
| 99.1 | Press Release dated April25, 2017 |
About FIRST FINANCIAL BANKSHARES, INC. (NASDAQ:FFIN)
First Financial Bankshares, Inc. is a financial holding company. Through its subsidiaries, the Company conducts commercial banking business. It provides commercial banking services, which include accepting and holding checking, savings and time deposits, making loans, automated teller machines, drive-in and night deposit services, safe deposit facilities, remote deposit capture, Internet banking, mobile banking, payroll cards, transmitting funds and other customary commercial banking services. It also conducts trust activities through First Financial Trust & Asset Management Company, National Association, its trust company. Through its trust company, it offers personal trust services, which include the administration of estates, testamentary trusts, revocable and irrevocable trusts and agency accounts. In addition, it provides securities brokerage services through a third-party in its Abilene, San Angelo, Cleburne, Stephenville, Eastland and Weatherford banking regions. FIRST FINANCIAL BANKSHARES, INC. (NASDAQ:FFIN) Recent Trading Information
FIRST FINANCIAL BANKSHARES, INC. (NASDAQ:FFIN) closed its last trading session down -0.35 at 41.45 with 317,050 shares trading hands.
