NBT BANCORP INC. (NASDAQ:NBTB) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
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Amendment to Articles of Incorporation or Bylaws; Changes
in Fiscal Year. |
Bancorp Inc. (the Company) approved an amendment and restatement
of the Companys existing Amended and Restated Bylaws (the Amended
and Restated Bylaws). The Amended and Restated Bylaws change the
voting standard for the election of directors from a plurality to
a majority voting standard in uncontested elections (the Majority
Voting Standard). Under the new Majority Voting Standard, in
uncontested elections a nominee for director shall be elected to
the Board if the votes cast for such nominees election exceed the
votes cast against such nominees election. Directors will
continue to be elected by plurality vote in contested elections.
The Amended and Restated Bylaws also set forth a procedure for
the Board to receive and consider resignations for a nominee who
is already serving as a director and not elected to the Majority
Voting Standard.
The Majority Voting Standard will first apply with respect to the
Companys 2017 annual meeting of stockholders.
summary only and is qualified in its entirety by the full text of
the Amended and Restated Bylaws, a copy of which is filed as
Exhibit 3.1 to this Current Report on Form 8-K and incorporated
herein by reference.
| Item 9.01 |
Financial Statements and Exhibits.
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| (a) |
Not applicable.
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| (b) |
Not applicable.
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| (c) |
Not applicable.
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| (d) |
Exhibits.
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Exhibit No.
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Description
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3.1
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Amended and Restated By-Laws of NBT Bancorp Inc.
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About NBT BANCORP INC. (NASDAQ:NBTB)
NBT Bancorp Inc. is a financial holding company. The Company conducts its business through NBT Bank, National Association (the Bank) and other subsidiaries, which provide commercial banking and financial services to customers in its market area, including central and upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont and Portland, Maine area. The Bank It offers deposit products, such as demand deposit accounts, negotiable order of withdrawal accounts, money market deposit accounts and certificate of deposit accounts. It offers loan products, such as consumer loans, home equity loans, mortgages and commercial loans. The Bank offers other products and services, such as trust and investment services, and financial planning and life insurance services through its branch network. The Company also provides retirement plan administration and insurance agency services. NBT BANCORP INC. (NASDAQ:NBTB) Recent Trading Information
NBT BANCORP INC. (NASDAQ:NBTB) closed its last trading session down -0.86 at 41.40 with 201,441 shares trading hands.