INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 17, 2019, Ms. Peggy J. Newman provided notice to the Company that she had decided to retire and no longer seek or accept re-election to the Companys Board once her term expired on May 20, 2019.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 20, 2019, International Bancshares Corporation (the Company) held its 2019 Annual Meeting of Shareholders (the Annual Meeting), at which the Company submitted the following proposals to its shareholders for a vote:
(1) To elect eight (8) directors to serve until the next Annual Meeting of Shareholders and until their successors shall have been duly elected and qualified;(1)
(2) To ratify the appointment of RSM US LLP as independent auditors for the fiscal year ending December 31, 2019;
(3) To consider and approve a non-binding advisory resolution to approve the compensation of the Companys named executive officers as described in the Compensation Discussion and Analysis and the tabular disclosures in the Proxy Statement; and
(4) To consider an advisory vote regarding the frequency of the advisory approval of the Companys executive compensation.
The following table lists the final voting results for Proposals 1, 2, 3, and 4 at the Annual Meeting:
(1) On May 17, 2019, Ms. Peggy J. Newman provided notice to the Company that she had decided to retire and no longer seek or accept re-election to the Companys Board once her term expired on May 20, 2019. Therefore, only seven directors were elected at the Annual Meeting as shown above.