SECURITY FEDERAL CORPORATION (OTCMKTS:SFDL) 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
|
(a)
|
The Annual Meeting of Security Federal Corporation
(“Company”) was held on April 20, 2017. |
|
(b)
|
There were a total of 2,945,474 shares of the Company’s
common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 2,126,101 shares of common stock were represented in person or by proxy, therefore a quorum was present. The following proposals were submitted by the Board of Directors to a vote of shareholders: |
individuals were elected as directors:
|
FOR
|
WITHHELD
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BROKER
NON-VOTES
|
||||||||||
|
No. of votes
|
No. of votes
|
No. of votes
|
||||||||||
|
Robert E. Alexander
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2,112,406
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13,695
|
—
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|||||||||
|
William Clyburn
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2,111,051
|
15,050
|
—
|
|||||||||
|
Frank M. Thomas, Jr.
|
2,071,873
|
54,228
|
—
|
and Thomas were duly elected to serve as directors of the Company
for a three year term expiring at the annual meeting of
shareholders in 2020, each to serve until their respective
successors have been duly elected and qualified.
Roy G. Lindburg, Gasper L. Toole, III, Thomas L. Moore, J. Chris
Verenes and Richard T. Harmon continued.
Company’s named executive officers. This proposal received the
following votes:
|
For
|
Percentage
of
shares
present
|
Against
|
Percentage
of
shares
present
|
Abstain
|
Percentage
of
shares
present
|
Broker Non-
Vote
|
||||||
|
2,090,101
|
98.31%
|
14,200
|
0.67%
|
21,800
|
1.02%
|
—
|
Company’s named executive officers was approved by shareholders.
future advisory votes on executive compensation should be held
every one, two or three years.
|
One
Year
|
Percentage
|
Two
Years
|
Percentage
|
Three
Years
|
Percentage
|
Abstain
|
Percentage
|
|||||||
|
1,980,670
|
93.16%
|
90,612
|
4.26%
|
53,469
|
2.52%
|
1,350
|
0.06%
|
About SECURITY FEDERAL CORPORATION (OTCMKTS:SFDL)
Security Federal Corporation is a bank holding company for Security Federal Bank (the Bank). Through its subsidiary, the Company offers financial services. The Bank is a South Carolina chartered commercial bank with approximately 10 branch offices in Aiken, Richland and Lexington counties, South Carolina and Columbia County and Georgia. The principal business of the Bank is accepting deposits from the public and originating commercial real estate loans, commercial business loans, consumer loans, as well as mortgage loans to buy or refinance one- to four-family residential real estate. It also originates construction loans on single-family residences, multi-family dwellings and projects, and commercial real estate, as well as loans for the acquisition, development and construction of residential subdivisions and commercial projects. It operates Security Federal Trust and Investments, as a division of the Bank that offers trust, financial planning and financial management services. SECURITY FEDERAL CORPORATION (OTCMKTS:SFDL) Recent Trading Information
SECURITY FEDERAL CORPORATION (OTCMKTS:SFDL) closed its last trading session 00.00 at 27.75 with 100 shares trading hands.
