KENTUCKY BANCSHARES, INC. (OTCMKTS:KTYB) Files An 8-K Submission of Matters to a Vote of Security Holders

KENTUCKY BANCSHARES, INC. (OTCMKTS:KTYB) 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

Story continues below

The registrant’s 2017 Annual Meeting of Shareholders was held May 17, 2017.  Matters voted upon were (1) ratification of the Board’s selection of Crowe Horwath LLP as the Company’s independent registered public accounting firm for the ensuing year, (2) election of directors, (3) non-binding advisory vote on the compensation paid its named executive officers, and (4) non-binding advisory vote on the frequency with which the Company will hold a non-binding advisory vote to approve the compensation paid its named executive officers.  The final number of votes cast with respect to each matter are set out below:

1)  Ratification of the Board’s selection of Crowe Horwath LLP as the Company’s independent registered public accounting firm for the ensuing year:

          Votes For              2,140,986

          Votes Against              1,713

2)  Election of the following nominees to the Company’s Board of Directors for the ensuing year:

                                                                            Votes        Broker

                                                Votes For   Withheld   Non-votes

     Henry Hinkle                     1,403,699      97,663     705,205

     Jack W. Omohundro          1,485,379       15,983     705,205

     Robert G. Thompson         1,434,494       66,868     705,205

       3)  Non-binding advisory vote on the compensation paid its named executive officers:

     Votes For                   1,390,854

     Votes Against                 76,401

     Votes Abstained             36,053

     Broker Non-votes         705,205

        4)  Non-binding advisory vote on the frequency with which the Company will hold a non-binding advisory vote to    approve the compensation paid its named executive officers -binding advisory vote on the compensation paid its named executive officers:

     Votes For 1 Year           1,454,772

     Votes For 2 Years               18,155

     Votes For 3 Years              13,254

     Votes Abstained                15,427

     Broker Non-votes            705,205

The following directors have a term of office that will continue following the Annual Meeting:  B. Proctor Caudill, Jr., Betty J. Long, Ted McClain, Louis Prichard, Edwin S. Saunier, Woodford Van Meter and Buckner Woodford IV.

The total number of Common Shares outstanding as of March 15, 2017, the record date for the Annual Meeting of Shareholders, was 2,972,763.

2


About KENTUCKY BANCSHARES, INC. (OTCMKTS:KTYB)

Kentucky Bancshares Inc. is a bank holding company. The Company conducts its business in the Commonwealth of Kentucky through its banking subsidiary, Kentucky Bank (the Bank), and its non-bank subsidiary, KBI Insurance Company. It operates through the banking segment. The Bank is a commercial bank and trust company. The Bank is engaged in general full-service commercial and consumer banking. KBI Insurance Company is a captive insurance subsidiary. Kentucky Bank offers its customers a range of other services, including checking, savings, money market accounts, certificates of deposits, safe deposit facilities, credit cards and other consumer-oriented financial services. The Bank offers Internet banking, including bill payment, available to its customers at www.kybank.com. Through its Wealth Management Department, Kentucky Bank provides brokerage services, annuities, life and long-term care insurance, personal trust and agency services (including management agency services).

KENTUCKY BANCSHARES, INC. (OTCMKTS:KTYB) Recent Trading Information

KENTUCKY BANCSHARES, INC. (OTCMKTS:KTYB) closed its last trading session 00.00 at 38.15 with 1,000 shares trading hands.

An ad to help with our costs