Lakeland Financial Corporation (NASDAQ:LKFN) 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
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Meeting”) of Lakeland Financial Corporation (the “Company”)
held on April 11, 2017, the Company’s shareholders approved the
2017 Equity Incentive Plan (the (“2017 EIP”). The 2017 EIP was
adopted by the Company’s Board of Directors on January 10, 2017,
subject to shareholder approval at the Annual Meeting, to promote
the Company’s long term financial success, to attract, retain
and reward persons who can contribute to the Company’s success,
and to further align the participants’ interest with those of
the Company’s shareholders. The 2017 EIP will be administered by
the Compensation Committee of the Board of Directors, which will
select award recipients from the eligible participants, determine
the types of awards to be granted, and determine the applicable
terms, conditions, performance criteria, restrictions and other
provisions of such awards, including any vesting or accelerated
vesting requirements or conditions applicable to an award or
awards.
equity-based incentive compensation elements to provide the
Compensation Committee with significant flexibility to
appropriately address the requirements and limitations of
recently applicable legal, regulatory and financial accounting
standards in a manner mutually consistent with the purposes of
the 2017 EIP and shareholder interests.
transactions, the maximum number of shares that may be delivered
to participants, or their beneficiaries, under the 2017 EIP is
1,000,000 shares of the Company’s common stock.
entirety by the text of the 2017 EIP, which is filed as Exhibit
4.4 to the Company’s Registration Statement on Form S-8, filed
with the SEC on April 12, 2017, and which is incorporated herein
by reference.
was held. At the meeting, the stockholders elected Blake W.
Augsburger, Robert E. Bartels, Jr., Daniel F. Evans, Jr., David
M. Findlay, Thomas A. Hiatt, Michael L. Kubacki, Emily E. Pichon,
Steven D. Ross, Brian J. Smith, Bradley J. Toothaker, Ronald D.
Truex and M. Scott Welch, each with terms expiring in 2018. The
Company’s stockholders also approved the 2017 Equity Incentive
Plan. Additionally, the Company’s shareholders ratified the
selection of Crowe Horwath LLP as the Company’s independent
registered public accounting firm for the year ended December 31,
2017, ratified the advisory vote on executive compensation and
ratified the frequency of the vote on executive compensation.
vote of security holders during the annual meeting are as
follows:
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Election of Directors:
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Broker
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||||
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For
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Against
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Abstain
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Non-votes
|
|
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Blake W. Augsburger
Robert E. Bartels, Jr.
Daniel F. Evans, Jr.
David M. Findlay
Thomas A. Hiatt
Michael L. Kubacki
Emily E. Pichon
Steven D. Ross
Brian J. Smith
Bradley J. Toothaker
Ronald D. Truex
M. Scott Welch
|
18,050,478
17,793,057
18,007,357
18,173,737
17,767,269
17,923,543
18,152,744
18,153,005
18,418,355
16,957,904
18,345,705
17,915,709
|
504,628
752,424
513,915
391,132
766,796
641,266
407,220
395,453
133,293
1,569,284
136,361
614,645
|
33,050
42,675
66,884
23,287
54,091
23,347
28,192
39,698
36,508
60,968
106,090
57,802
|
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
3,477,446
|
|
For
|
Against
|
Abstain
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Broker Non-votes
|
|
17,959,453
|
538,997
|
89,706
|
3,477,446
|
Public Accounting Firm:
|
For
|
Against
|
Abstain
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Broker Non-votes
|
|
21,573,541
|
412,852
|
79,125
|
|
For
|
Against
|
Abstain
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Broker Non-votes
|
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18,004,370
|
387,278
|
196,508
|
3,477,446
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Compensation:
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1 Year
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2 Year
|
3 Year
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Abstain
|
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15,979,636
|
38,502
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2,471,101
|
98,917
|
About Lakeland Financial Corporation (NASDAQ:LKFN)
Lakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank (the Bank), provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services. It serves a range of industries, including commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare. The Bank’s activities cover all phases of commercial banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, and wealth advisory, trust and brokerage services. The Bank has over 50 offices in over 10 counties in Northern and Central Indiana. Lakeland Financial Corporation (NASDAQ:LKFN) Recent Trading Information
Lakeland Financial Corporation (NASDAQ:LKFN) closed its last trading session 00.00 at 42.83 with 80,590 shares trading hands.
