PACIFIC MERCANTILE BANCORP (NASDAQ:PMBC) Files An 8-K Submission of Matters to a Vote of Security Holders

Votes Against

ME Staff 8-k

8 years ago

PACIFIC MERCANTILE BANCORP (NASDAQ:PMBC) 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

Pacific Mercantile Bancorp (the Company) held its annual meeting of
shareholders on May 17, 2017. The Company’s shareholders voted on
the proposals listed below, each of which was described in the
Company’s proxy statement for the meeting. On the record date for
the meeting, there were 23,172,809 shares of the Company’s common
stock entitled to vote at the meeting.

Voting Results

Proposal 1 Election of Directors

The following individuals were elected as directors to serve until
the 2018 annual meeting of shareholders and until their successors
are elected and qualified. There were no nominees other than those
listed below. The voting results were as follows:



	Votes For	Votes Withheld	Broker Non-Votes
Romir Bosu	16,923,726	1,638,865	3,486,651
Edward J. Carpenter	16,870,663	1,691,928	3,486,651
Warren T. Finley	16,922,427	1,640,164	3,486,651
John D. Flemming	16,687,984	1,874,607	3,486,651
Michael P. Hoopis	16,893,907	1,668,684	3,486,651
Denis Kalscheur	16,923,726	1,638,865	3,486,651
David J. Munio	16,923,726	1,638,865	3,486,651
John Thomas, M.D.	16,891,608	1,670,983	3,486,651
Thomas M. Vertin	16,918,899	1,643,692	3,486,651
Stephen P. Yost	16,924,726	1,637,865	3,486,651

Proposal 2 Ratification of the Appointment of Independent
Registered Public Accountants

The shareholders voted to ratify the appointment of RSM US LLP as
the Company’s independent registered public accounting firm for
the 2017 fiscal year. The results of voting were as follows:

Proposal 3 Advisory Vote on the Compensation of Our Named Executive
Officers

The shareholders voted to approve a non-binding advisory
resolution concerning the Company’s 2016 executive compensation
as described in the Company’s proxy statement for the meeting.
The results of voting were as follows:

About PACIFIC MERCANTILE BANCORP (NASDAQ:PMBC)
Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank (the Bank). The Company’s business operations are conducted by the Bank. It operates through commercial banking segment. The Bank offers its customers different loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans. Its investments primarily include securities available for sale, which consist of residential mortgage backed securities issued by the United States agencies; residential collateralized mortgage obligations issued by non agencies; asset backed security and mutual funds. Its sources of funds include deposits, and borrowings and contractual obligations. Its deposits consist of noninterest bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits. PACIFIC MERCANTILE BANCORP (NASDAQ:PMBC) Recent Trading Information
PACIFIC MERCANTILE BANCORP (NASDAQ:PMBC) closed its last trading session up +0.05 at 7.90 with 42,129 shares trading hands.