PILGRIM BANCSHARES, INC. (OTCMKTS:PLRM) Files An 8-K Submission of Matters to a Vote of Security Holders

PILGRIM BANCSHARES, INC. (OTCMKTS:PLRM) 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.

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On May 22, 2018, Pilgrim Bancshares, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders. At the Annual Meeting, stockholders considered and voted on the following matters, with a breakdown of the votes cast set forth below.

1. The election of directors.
For Withheld Broker Non-Votes
Steven T. Golden 1,412,470 48,852 612,637
Ronald H. Goodwin 1,411,570 49,752 612,637
Mary E. Granville 1,411,870 49,452 612,637
2. The ratification of the appointment of Baker Newman & Noyes, P. A., LLC asthe Company’s independent registered public accounting firm for the year ending December 31, 2018.

For

Against

Abstain

2,007,608 57,101 9,250

On May 22, 2018, the Company utilized a slideshow at its 2018 Annual Meeting of Stockholders. This slideshow discusses the Company’s financial performance and is available on the Company’s website, www.bankpilgrim.com, under the links for “Investor Relations.”

Certain statements herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “expects,” “project,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, general economic conditions, changes in interest rates, regulatory considerations, and competition. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.


About PILGRIM BANCSHARES, INC. (OTCMKTS:PLRM)

Pilgrim Bancshares, Inc. is a bank holding company for Pilgrim Bank (the Bank). The Bank conducts its operations from its main office and an adjacent operations center in Cohasset, Massachusetts and over two additional full-service banking offices located in Cohasset and Marion, Massachusetts. The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits, together with funds generated from operations. The Bank is focused on one- to four-family owner occupied residential lending, including jumbo mortgages and owner occupied construction loans. It also offers non-owner occupied investment residential loans, commercial real estate loans, multi-family and construction loans, and commercial and industrial loans, and consumer loans. The Bank’s securities are classified as securities available-for-sale and securities held-to-maturity. Deposits are the Bank’s primary source of funds for use in lending and investment activities.

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