HIGHLANDS BANKSHARES, INC. (OTCMKTS:HLND) Files An 8-K Submission of Matters to a Vote of Security Holders

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HIGHLANDS BANKSHARES, INC. (OTCMKTS:HLND) 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.

Highlands Bankshares, Inc. (the “Company”) held its Annual
Meeting of Shareholders on May 16, 2017 (the “Annual Meeting”).
At the Annual Meeting, the shareholders of the Company elected
seven directors to serve for one-year terms, ratified the
Company’s appointment of Brown, Edwards Company, LLP as the
Company’s independent auditors for 2017 and approved the
non-binding resolution to endorse the Company’s executive
compensation program. The voting results for each proposal are as
follows:
1.
To elect seven directors to serve for terms of one year
each expiring at the 2018 annual meeting of shareholders:
For
Withheld
Broker Non-Vote
E. Craig Kendrick
4,554,675
14,936
722,348
Jon C. Lundberg
4,534,140
35,472
722,348
James D. Moore, Jr.
4,498,250
71,362
722,348
Charles P. Olinger
4,549,694
19,917
722,348
Edward M. Rosinus
4,174,555
395,057
722,348
Timothy K. Schools
4,493,158
76,454
722,348
H. Ramsey White, Jr.
4,238,076
331,535
722,348
2.
To ratify the appointment of Brown, Edwards Company, LLP as
the Company’s independent registered public accounting
firm for the year ending December 31, 2017.
For
Against
Abstain
5,262,526
15,530
13,904
3. Advisory approval of the Company’s executive compensation
(“Say on Pay”).
For
Against
Abstain
Broker Non-Vote
4,034,461
175,103
360,048
722,348


About HIGHLANDS BANKSHARES, INC. (OTCMKTS:HLND)

Highlands Bankshares, Inc. is a bank holding company. The Company conducts its business operations through its bank subsidiary, Highlands Union Bank (the Bank). The Bank operates a commercial banking business, which offers general retail and commercial banking services to individuals, businesses and local government unit customers. The Bank’s products and services include accepting deposits in the form of checking accounts, money market deposit accounts, interest-bearing demand deposit accounts, savings accounts and time deposits; making residential one- to four-family loans, owner occupied and non-owner occupied commercial real estate loans, second mortgages and equity lines, consumer loans, commercial and industrial loans, credit cards and agricultural loans; offering letters of credit; providing other consumer financial services, such as automatic funds transfer, collections, safe deposit, travelers checks and savings bond sales, and providing other miscellaneous services.

HIGHLANDS BANKSHARES, INC. (OTCMKTS:HLND) Recent Trading Information

HIGHLANDS BANKSHARES, INC. (OTCMKTS:HLND) closed its last trading session 00.00 at 7.35 with 1,026 shares trading hands.

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