HMN Financial, Inc. (NASDAQ:HMNF) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote
of Security Holders.
The Annual Meeting of Stockholders of HMN Financial, Inc. (the
Company) was held on April 25, 2017 at 10:00 a.m. (the Annual
Meeting). On March 1, 2017, the record date for the Annual
Meeting, there were 4,495,258 shares of common stock issued and
outstanding. The final results of the stockholder vote on each
proposal brought before the meeting were as follows:
|
1. |
The stockholders elected three directors, to serve until |
|
Terms expiring in 2020: |
For |
Against |
Abstain |
Broker Non-Votes |
|
Allen J. Berning |
2,522,338.693 |
379,275.348 |
15,386.144 |
964,115.000 |
|
Bernard R. Nigon |
2,709,545.361 |
192,249.594 |
15,205.230 |
964,115.000 |
|
Patricia S. Simmons |
2,529,495.239 |
368,510.032 |
18,994.914 |
964,115.000 |
|
2. |
The stockholders approved the advisory (non-binding) vote |
|
Votes for the proposal |
2,351,356.362 |
|
Votes against the proposal |
331,497.823 |
|
Votes abstaining |
234,146.000 |
|
Broker Non-Votes |
964,115.000 |
3. The stockholders approved the HMN Financial, Inc. 2017 Equity
Incentive Plan. The votes regarding
this proposal were as follows:
|
Votes for the proposal |
2,463,101.366 |
|
Votes against the proposal |
406,703.819 |
|
Votes abstaining |
47,195.000 |
|
Broker Non-Votes |
964,115.000 |
4.The stockholders ratified the appointment of CliftonLarsonAllen
LLP as the Companys independent registered public accounting firm
for 2017. The votes regarding this proposal were as follows:
|
Votes for the proposal |
3,850,988.003 |
|
Votes against the proposal |
9,924.182 |
|
Votes abstaining |
20,203.000 |
About HMN Financial, Inc. (NASDAQ:HMNF)
HMN Financial, Inc. (HMN) is a stock savings bank holding company that owns Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota, Iowa and Wisconsin. The Bank has two subsidiaries, Osterud Insurance Agency, Inc., which offers financial planning products and services, and HFSB Property Holdings, LLC, which acts as an intermediary for the Bank in holding and operating certain foreclosed properties. HMN’s business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase one- to four-family residential, commercial real estate and multi-family mortgage loans, among others. HMN invests in mortgage-backed and related securities, the United States government agency obligations and other permissible investments. HMN serves the southern Minnesota counties of Dodge, Fillmore, Freeborn, Houston, Mower, Olmsted and Winona, and portions of Steele, Goodhue and Wabasha. HMN Financial, Inc. (NASDAQ:HMNF) Recent Trading Information
HMN Financial, Inc. (NASDAQ:HMNF) closed its last trading session down -0.20 at 17.35 with 394 shares trading hands.