FRANKLIN FINANCIAL SERVICES CORPORATION (OTCMKTS:FRAF) 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.
Franklin Financial Services Corporation (the Company) held its
annual meeting of shareholders on April 25, 2017.The Board of
Directors submitted the following proposals to a vote of security
holders and the results of the voting on each proposal are
presented below.
Proposal 1 Election of four Directors to Class A for a term of
three years.
|
Director |
Votes For |
Votes Withheld |
Broker Non-Votes |
|
G. Warren Elliott |
1,541,666 |
122,756 |
930,995 |
|
Timothy G. Henry |
1,563,677 |
100,745 |
930,995 |
|
Stanley J. Kerlin |
1,536,197 |
128,224 |
930,995 |
|
Martha B. Walker |
1,522,182 |
142,239 |
930,995 |
Directors Elliott, Henry, Kerlin and Walker were elected.
Proposal 2 Advisory Vote on Compensation of Named Executive
Officers (Say-On-Pay).
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
1,477,603 |
142,619 |
44,199 |
930,995 |
Proposal 3 Advisory Vote on Frequency of Say-On-Pay Vote
(Say-On-Frequency).
|
Annual |
Every 2 Years |
Every 3 Years |
Abstentions |
Broker Non-Votes |
|
1,398,988 |
104,272 |
13,530 |
147,631 |
930,995 |
Based upon the recommendation of the Board of Directors and the
results of the shareholder vote on Proposal 3, the Company will
conduct a shareholder advisory vote on executive compensation
annually.
Proposal 4 Ratification of the selection of BDO USA, LLP, as the
independent registered public accounting firm for 2017.
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
2,532,567 |
17,361 |
45,488 |
0 |
The selection of BDO USA, LLP was ratified.
About FRANKLIN FINANCIAL SERVICES CORPORATION (OTCMKTS:FRAF)
Franklin Financial Services Corporation is a bank holding company. The Company conducts its business through its banking subsidiary, Farmers and Merchants Trust Company of Chambersburg (the Bank). The Bank is a Pennsylvania-chartered commercial bank and trust company. It operates over 20 community banking offices in Franklin, Cumberland, Fulton and Huntingdon counties in Pennsylvania. The Bank is engaged in general commercial, retail banking and trust services associated with community banks. The Bank offers a range of services, including accepting and maintaining checking, savings, and time deposit accounts, making loans and providing safe deposit facilities to businesses, individuals and governmental entities. The Company’s subsidiary, Franklin Future Fund Inc., is a non-bank investment company that makes venture capital investments within the Company’s primary market area. FRANKLIN FINANCIAL SERVICES CORPORATION (OTCMKTS:FRAF) Recent Trading Information
FRANKLIN FINANCIAL SERVICES CORPORATION (OTCMKTS:FRAF) closed its last trading session 00.00 at 30.95 with shares trading hands.