Old Line Bancshares, Inc. (NASDAQ:OLBK) Files An 8-K Submission of Matters to a Vote of Security Holders

Old Line Bancshares, Inc. (NASDAQ:OLBK) 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

On May 23, 2018, Old Line Bancshares, Inc. (the “Company”) held its Annual Meeting of Stockholders at which its stockholders voted on the following matters:

(1) To elect (A) three directors to serve for a three-year term ending at the annual meeting of stockholders to be held in 2021, (B) two directors to serve for a two-year term ending at the annual meeting of stockholders to be held in 2020, and two directors to serve for a one-year term ending at the annual meeting of stockholders to be held in 2019, and in each case until their successors are duly elected and qualified.
Votes Votes Broker
For Withheld Non-Votes
Term Ending 2019
Steven K. Breeden 8,746,746 89,011 2,267,563
James R. Clifford 8,750,028 85,729 2,267,563
Term Ending 2020
Stephen J. Deadrick 8,784,856 50,901 2,267,563
Joseph J. Thomas 8,737,837 97,920 2,267,563
Term Ending 2021
Eric D. Hovde 8,781,784 53,973 2,267,563
Andre’ J. Gingles 8,727,428 108,329 2,267,563
John M. Suit, II 8,651,146 184,611 2,267,563
(2) To ratify the appointment of Dixon Hughes Goodman LLP as independent public accountants to audit the Company’s financial statements for 2018.
Votes For 11.035,603
Votes Against 54,011
Abstentions 13,706
Broker Non-Votes
(3) To vote on a non-binding advisory proposal to approve the compensation of the Company’s named executive officers.
Votes For 8,614,278
Votes Against 127,348
Abstentions 94,131
Broker Non-Votes 2,267,563


About Old Line Bancshares, Inc. (NASDAQ:OLBK)

Old Line Bancshares, Inc. is the holding company of Old Line Bank (The Bank). The Bank is a chartered trust company engaged in commercial banking business, making various types of loans, investments and accepting deposits. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients. The Bank, through its division Old Line Financial Services, provides retirement planning and products, as well as investment services. Its lending activities consists of short to medium term commercial business loans, commercial real estate loans, real estate construction loans, home equity loans and consumer installment loans, both secured and unsecured. The Bank monitors its investment portfolio and it usually classifies investments in the portfolio as available for sale. It offers a range of deposit products that include demand, negotiable order of withdrawal (NOW), money market and savings accounts, as well as certificates of deposit.

An ad to help with our costs