INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) 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.
On May15, 2017,International Bancshares Corporation (the Company)
held its 2017 Annual Meeting of Shareholders (the Annual
Meeting), at which the Company submitted the following proposals
to its shareholders for a vote:
(1) To elect nine (9)directors of the Company to serve until the
next Annual Meeting of Shareholders and until their successors
are duly elected and qualified;
(2) To ratify the appointment of RSM US LLP as independent
auditors for the fiscal year ending December31, 2017;
(3) To consider and approve a non-binding advisory resolution to
approve the compensation of the Companys named executives as
described in the Compensation, Discussion and Analysis and the
tabular disclosure regarding named executive officer compensation
in the Proxy Statement; and
(4) To consider and reapprove the performance goals included in
the 2013 Management Incentive Plan, in accordance with the
periodic reapproval requirements of Internal Revenue Code
Section162(m).
The following table lists the final voting results for Proposals
1, 2, 3 and 4 at the Annual Meeting:
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|
|
|
|
|
|
|
Broker |
|
|
|
|
For |
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Against |
|
Withheld |
|
Abstentions |
|
Non-Votes |
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Election of Directors |
|||||||||||
|
Javier De Anda |
53,267,048 |
214,150 |
10,390,987 |
||||||||
|
Irving Greenblum |
49,453,309 |
4,027,889 |
10,390,987 |
||||||||
|
Douglas B. Howland |
53,195,847 |
285,351 |
10,390,987 |
||||||||
|
Peggy J. Newman |
51,294,455 |
2,186,743 |
10,390,987 |
||||||||
|
Dennis E. Nixon |
52,262,153 |
1,219,045 |
10,390,987 |
||||||||
|
Larry A. Norton |
53,195,493 |
285,705 |
10,390,987 |
||||||||
|
Roberto R. Resendez |
53,405,175 |
76,023 |
10,390,987 |
||||||||
|
Leonardo Salinas |
51,272,232 |
2,208,966 |
10,390,987 |
||||||||
|
Antonio R. Sanchez,Jr. |
53,295,559 |
185,639 |
10,390,987 |
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|
Ratification of RSM US LLP |
59,984,056 |
251,803 |
25,339 |
3,695,983 |
|||||||
|
Non-binding Advisory Resolution on Compensation |
53,120,827 |
327,440 |
32,384 |
10,390,989 |
|||||||
|
Reapprove the Performance Goals of the 2013 MIP |
52,976,592 |
479,343 |
34,258 |
10,390,987 |
Based on the foregoing results, each director nominee was elected
by a majority vote standard, which is the voting standard
required by the Companys Articles of Incorporation for
uncontested director elections. Proposal 2, 3 and 4 were approved
by majority vote.
About INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC)
International Bancshares Corporation is a financial holding company. The Company, through its subsidiaries, is engaged in the business of banking, including the acceptance of checking and savings deposits, and the making of commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The primary markets of the Company are South, Central, and Southeast Texas and the state of Oklahoma. The Bank’s subsidiaries focus on providing commercial banking services to small and medium sized businesses located in their trade areas. The Company’s bank subsidiaries include International Bank of Commerce (IBC); Commerce Bank; International Bank of Commerce, Zapata, and International Bank of Commerce, Brownsville. The Company’s non-banking subsidiaries include IBC Life Insurance Company (IBC Life); IBC Trading Company; IBC Subsidiary Corporation; IBC Charitable and Community Development Corporation; IBC Capital Corporation, and Premier Tierra Holdings, Inc. INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) Recent Trading Information
INTERNATIONAL BANCSHARES CORPORATION (NASDAQ:IBOC) closed its last trading session up +0.35 at 33.95 with 289,570 shares trading hands.
