FRANKLIN FINANCIAL NETWORK, INC. (NYSE:FSB) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders. |
At the 2017 annual meeting of shareholders of Franklin Financial
Network, Inc. (the Company) held on May25, 2017 (the 2017 Annual
Meeting), the Companys shareholders voted on four proposals. A
brief description of and tabulation of votes for each proposal
are set forth below.
Proposal 1. The Companys shareholders elected
the following directors for a term of one year. There were
2,966,749 broker non-votes with respect to the proposal.
|
Director Nominees |
NumberofSharesVoted For | NumberofShares Withheld | ||||||
|
Jimmy E. Allen |
7,801,794 | 445,820 | ||||||
|
James W. Cross, IV |
7,533,128 | 714,486 | ||||||
|
Richard E. Herrington |
7,742,946 | 504,668 | ||||||
|
Paul M. Pratt, Jr. |
7,746,238 | 501,376 | ||||||
|
Pamela J. Stephens |
7,800,238 | 447,376 | ||||||
|
Melody J. Sullivan |
7,800,700 | 446,914 | ||||||
|
Gregory E. Waldron |
7,807,287 | 440,327 | ||||||
|
Benjamin P. Wynd |
7,530,125 | 717,489 |
Proposal 2. The Companys shareholders approved
an amendment to our Charter, as amended, to increase the
authorized shares of our common stock, no par value, from
20,000,000 to 30,000,000. There were no broker non-votes with
respect to the proposal.
|
Votes For |
VotesAgainst |
VotesAbstained |
||
|
10,489,363 |
565,178 | 159,822 |
Proposal 3. The Companys shareholders approved
the Franklin Financial Network, Inc. 2017 Omnibus Equity
Incentive Plan. There were 2,966,749 broker non-votes with
respect to the proposal.
|
Votes For |
VotesAgainst |
VotesAbstained |
||
|
4,327,779 |
3,860,229 | 59,606 |
2
Proposal 4. The Companys shareholders ratified
the selection of Crowe Horwath LLP as the Companys independent
auditor for 2017. There were no broker non-votes with respect to
the proposal.
|
Votes For |
VotesAgainst |
VotesAbstained |
||
|
10,984,357 |
226,523 | 3,483 |
3
About FRANKLIN FINANCIAL NETWORK, INC. (NYSE:FSB)
Franklin Financial Network, Inc. is a financial holding company. Through its bank subsidiary, Franklin Synergy Bank (the Bank), a commercial bank, the Company provides a range of banking and related financial services. The Company focuses on the provision of services to small businesses, corporate entities, local governments and individuals. It operates through approximately 10 branches in Williamson and Rutherford counties within the Nashville metropolitan area. The Company’s loan portfolio consists of real estate loans, including construction and land development loans, commercial loans and residential loans; commercial and industrial, and consumer and other loans. The Company’s investment securities portfolio consists of both securities classified as available-for-sale and securities classified as held-to-maturity. The Company’s primary sources of funds include deposits. FRANKLIN FINANCIAL NETWORK, INC. (NYSE:FSB) Recent Trading Information
FRANKLIN FINANCIAL NETWORK, INC. (NYSE:FSB) closed its last trading session down -0.10 at 39.70 with 19,164 shares trading hands.
