QNB Corp. (OTCMKTS:QNBC) Files An 8-K Submission of Matters to a Vote of Security Holders

QNB Corp. (OTCMKTS:QNBC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07

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Submission of Matters to a Vote of Security Holders

On May 22, 2018, QNB Corp. (the “Company”) held its 2018 Annual Meeting of Shareholders for which the Board of Directors solicited proxies. At the Annual Meeting, the shareholders of the Company voted on the following proposals stated in the Proxy Statement dated April 10, 2018.

As of the record date for the Annual Meeting, holders of a total of 3,453,766 shares of the Company’s Common Stock were entitled to vote on the matters considered at the Annual Meeting. The proposals voted on and a record of the vote on each matter presented to the shareholders of the Company at the Annual Meeting were as follows:

Proposal No. 1:Election of Class III Directors to serve a term of three years and until their successors are elected:

Votes

Votes

Broker

Name

For

Withheld

Non-Votes

Thomas J. Bisko

2,106,918

40,400

600,111

Dennis Helf

2,128,604

18,714

600,111

Jennifer L. Mann

1,955,399

191,919

600,111

Scott R. Stevenson

1,962,456

184,862

600,111

Proposal No. 2:To ratify the appointment of Baker Tilly Virchow Krause, LLP as QNB’s independent registered public accounting firm for 2018:

Votes

Votes

For

Against

Abstain

2,728,888

17,903


About QNB Corp. (OTCMKTS:QNBC)

QNB Corp. is a bank holding company. The Company conducts its business through its subsidiary, QNB Bank (the Bank). The Bank is engaged in the general commercial banking business and provides a range of banking services to its customers. The banking services consist of attracting deposits and using these funds in making commercial loans, residential mortgage loans, consumer loans and purchasing investment securities. Its loan portfolio includes commercial loans, such as commercial and industrial, construction, and loans secured by commercial real estate and residential real estate, and retail loans, including one- to four-family residential mortgages, home equity loans and lines, and consumer loans. The Company’s investment activities include investment securities available-for-sale and investment securities held-to-maturity. It primarily attracts deposits from within its market area by offering various deposit products, which are in the form of time, demand and savings accounts.

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