NATIONAL COMMERCE CORPORATION (NASDAQ:NCOM) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.Submission of Matters to a Vote of Security Holders.
On May 22, 2018, National Commerce Corporation (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”). Summarized below are descriptions of the matters voted on at the Annual Meeting and the final results of such voting:
Proposal 1 – Election of Directors. The stockholders elected each of the director nominees to serve as directors until the Company’s 2019 annual meeting of stockholders and until their successors have been elected and qualified. Each of the director nominees, other than Brian C. Hamilton, was a current director of the Company who was re-elected. The voting for each of the directors at the Annual Meeting was as follows:
|
Name |
Votes For |
Withhold Authority |
Broker Non-Votes |
|
Joel S. Arogeti |
10,599,931 |
12,490 |
3,312,693 |
|
Bobby A. Bradley |
10,583,821 |
28,600 |
3,312,693 |
|
Thomas H. Coley |
10,584,380 |
28,041 |
3,312,693 |
|
Mark L. Drew |
10,584,068 |
28,353 |
3,312,693 |
|
Brian C. Hamilton |
10,584,627 |
27,794 |
3,312,693 |
|
R. Holman Head |
10,584,068 |
28,353 |
3,312,693 |
|
John H. Holcomb, III |
10,542,255 |
70,166 |
3,312,693 |
|
William E. Matthews, V |
10,435,874 |
176,547 |
3,312,693 |
|
C. Phillip McWane |
10,584,068 |
28,353 |
3,312,693 |
|
Richard Murray, IV |
10,600,003 |
12,418 |
3,312,693 |
|
G. Ruffner Page, Jr. |
10,563,111 |
49,310 |
3,312,693 |
|
Stephen A. Sevigny |
10,584,068 |
28,353 |
3,312,693 |
|
W. Stancil Starnes |
10,427,122 |
185,299 |
3,312,693 |
|
Temple W. Tutwiler, III |
10,563,107 |
49,314 |
3,312,693 |
|
Russell H. Vandevelde, IV |
10,584,068 |
28,353 |
3,312,693 |
Proposal 2 – Ratification of Appointment of Independent Registered Public Accountants. The stockholders ratified the appointment of Porter Keadle Moore, LLC as the Company’s independent registered public accountants for the year ending December 31, 2018. The result of the vote taken at the Annual Meeting was as follows:
|
Votes For |
Votes Against |
Abstentions |
|
13,915,619 |
7,594 |
1,901 |
About NATIONAL COMMERCE CORPORATION (NASDAQ:NCOM)
National Commerce Corporation (NCC) is a financial holding company. The Company is engaged in the business of banking through its banking subsidiary, National Bank of Commerce (the Bank). The Company, through the Bank, provides a range of financial services to businesses, business owners and professionals. The Bank’s loan portfolio includes construction, land development and other land loans; loans secured by farmland; loans secured by one- to four-family residential properties; loans secured by multifamily residential properties; loans secured by nonfarm nonresidential properties; loans secured by real estate; commercial and industrial loans; consumer loans, and other loans. The Bank’s investment securities available-for-sale include the United States treasury securities, securities issued by states and political subdivisions, residential mortgage pass-through securities and investment in mutual funds and other equity securities. The Bank’s primary sources of funds are deposits.