SELECT BANCORP, INC. (NASDAQ:SLCT) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
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Submission of Matters to a Vote of Security Holders. |
On May 16, 2017, Select Bancorp, Inc. (the Company) held its
Annual Meeting of Shareholders (the Annual Meeting). There were
two proposals submitted to shareholders at the Annual Meeting. In
the case of Proposal 1, all of the Board of Directors nominees
were approved and elected to serve on the Companys Board of
Directors. Proposal 2 was approved by the shareholders entitled
to vote at the Annual Meeting. The proposals below are described
in greater detail in the Companys definitive proxy statement for
the Annual Meeting, as filed with the Securities and Exchange
Commission on March 31, 2017.
The voting results were as follows:
Proposal 1: Proposal to
elect four members of the Board of Directors, each for a term of
office of three years or until his successor is duly elected and
qualified.
| Directors Elected | Votes For | Votes Withheld | Broker Non-Votes | |||
| Gerald W. Hayes | 4,865,992 | 311,128 | 3,662,770 | |||
| William L. Hedgepeth II | 4,975,435 | 201,685 | 3,662,770 | |||
| Carlie C. McLamb, Jr. | 5,114,357 | 62,763 | 3,662,770 | |||
| Anthony E. Rand | 4,751,528 | 425,592 | 3,662,770 |
Proposal 2: Proposal to
ratify the appointment of Dixon Hughes Goodman LLP as the
Companys independent registered public accounting firm for
2017.
| For | Against | Abstain | Broker Non-Votes | |||
| 8,789,372 | 4,560 | 45,958 | – |
A copy of the press release announcing the voting results of the
Annual Meeting is included as Exhibit 99.1 hereto and
incorporated by reference herein.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit No. | Description | |
| 99.1 |
Press release dated May 16, 2017, regarding the voting results of the Companys Annual Meeting of Shareholders. |
This Current Report on Form 8-K (including information included
or incorporated by reference herein) may contain, among other
things, certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including,
without limitation, (i)statements regarding certain of
Registrants goals and expectations with respect to earnings,
income per share, revenue, expenses and the growth rate in such
items, as well as other measures of economic performance,
including statements relating to estimates of credit quality
trends, and (ii)statements preceded by, followed by or that
include the words may, could, should, would, believe, anticipate,
estimate, expect, intend, plan, projects, outlook or similar
expressions. These statements are based upon the current belief
and expectations of Registrants management and are subject to
significant risks and uncertainties that are subject to change
based on various factors (many of which are beyond Registrants
control).
About SELECT BANCORP, INC. (NASDAQ:SLCT)
Select Bancorp, Inc. is the bank holding company for Select Bank & Trust Company (the Bank). The Bank is a commercial bank. The Bank provides commercial and retail financial services to customers located in its market areas. The Bank offers a range of banking services, including checking and savings accounts, commercial, consumer, mortgage and personal loans, and other associated financial services. The Bank’s lending activities are oriented to the consumer/retail customer, as well as to the small-to-medium sized businesses located in central and eastern North Carolina. The Bank offers commercial, consumer and mortgage lending products. It originates construction loans for the purpose of acquisition, development and construction of both residential and commercial properties (ADC loans). The Bank’s deposits include savings, negotiable order of withdrawal (NOW) account and money market deposits, time deposits and non-interest-bearing deposits. SELECT BANCORP, INC. (NASDAQ:SLCT) Recent Trading Information
SELECT BANCORP, INC. (NASDAQ:SLCT) closed its last trading session down -0.43 at 11.82 with 4,741 shares trading hands.