QCR Holdings, Inc. (NASDAQ:QCRH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers.
As previously disclosed in the Companys proxy statement, Ronald
G. Peterson, a Class III director since 1993, is ineligible to
hold office due to exceeding the Companys age eligibility
requirement (a person who has reached the age of 72 is not
eligible for election to the board), and accordingly, the board
did not nominate him for election at this years meeting,
therefore his term expired on May 12, 2017. Additionally, James
J. Brownson, age 71, has resigned from the board at the 2017
annual meeting. Mr. Brownson, a Class I director since 1997 would
be ineligible to be nominated for election in 2018 due to
exceeding our age eligibility requirement. Following the annual
meeting, the Company took action to reduce the size of the board
from thirteen to eleven.
Item 5.07. Submission of Matters to a Vote of Security
Holders.
On May 12, 2017, the Company held its annual meeting of
stockholders in Moline, Illinois. Of the 13,156,358 shares of
common stock issued and outstanding as of the record date for the
meeting, 11,270,472 shares were represented at the meeting in
person or by proxy, constituting approximately 86% of the
outstanding shares.
Three proposals were presented to the stockholders, and the final
results of voting on each of the matters submitted to a vote
during the annual meeting are as follows:
| 1. |
For the election of three (3) Class III directors of the Company |
| NOMINEE | FOR | WITHHELD | BROKER N.V. | |||||||||
| Michael L. Peterson | 8,750,159 | 122,028 | 2,398,285 | |||||||||
| George T. Ralph III | 8,750,245 | 121,942 | 2,398,285 | |||||||||
| Marie Z. Ziegler | 8,751,779 | 120,408 | 2,398,285 | |||||||||
| 2. |
To approve, in a non-binding, advisory vote, the compensation of certain executive officers |
| FOR | AGAINST | ABSTAIN | BROKER N.V. | |||||||||
| 8,638,461 | 220,134 | 13,592 | 2,398,285 | |||||||||
| 3. |
To ratify the appointment of RSM US LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017 |
| FOR | AGAINST | ABSTAIN | BROKER N.V. | |||||||||
| 11,153,129 | 108,941 | 8,402 | -0- | |||||||||
Item 7.01. Regulation FD Disclosure.
On May 12, 2017, the Company reviewed a presentation at its
annual meeting, a copy of which is attached hereto as Exhibit99.1
and is incorporated herein by reference. The presentation is
being furnished, not filed, under Item 7.01 of this Form 8-K.
This presentation is available to view at the Companys website,
www.qcrh.com.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
|
Exhibit Number 99.1 |
Description Annual Meeting Presentation |
About QCR Holdings, Inc. (NASDAQ:QCRH)
QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls and Rockford communities, through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company, and Rockford Bank and Trust Company, which provide commercial and consumer banking and trust and asset management services. It is also engaged in direct financing lease contracts through m2 Lease Funds, LLC (m2), a subsidiary of QCBT. It invests limited amounts of its capital in financial institutions and mutual funds. CRBT provides residential real estate mortgage lending services through its consumer banking division. The Company’s principal business consists of attracting deposits and investing those deposits in loans/leases and securities. The Company and its subsidiaries provide a range of commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals and government agencies. QCR Holdings, Inc. (NASDAQ:QCRH) Recent Trading Information
QCR Holdings, Inc. (NASDAQ:QCRH) closed its last trading session up +0.65 at 43.35 with 32,173 shares trading hands.