QNB Corp. (OTCMKTS:QNBC) 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 |
On May 23, 2017, QNB Corp. (the Company) held its 2017 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 11, 2017.
As of the record date for the Annual Meeting, holders of a total
of 3,415,600 shares of the Companys 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 II Directors to serve a term of
three years and until their successors are elected:
|
Votes |
Votes |
Broker |
||||
|
Name |
For |
Withheld |
Non-Votes |
|||
|
Kenneth F. Brown, Jr. |
2,111,375 |
23,402 |
613,632 |
|||
|
Anna Mae Papso |
2,111,906 |
22,871 |
613,632 |
|||
|
W. Randall Stauffer |
2,120,231 |
14,546 |
613,632 |
|||
Proposal No. 2:To ratify the appointment of Baker Tilly Virchow
Krause, LLP as QNBs independent registered public accounting firm
for 2017:
|
Votes |
Votes |
||||
|
For |
Against |
Abstain |
|||
|
2,727,636 |
20,573 |
||||
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. QNB Corp. (OTCMKTS:QNBC) Recent Trading Information
QNB Corp. (OTCMKTS:QNBC) closed its last trading session 00.00 at 42.00 with shares trading hands.
