ServisFirst Bancshares, Inc. (NASDAQ:SFBS) 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) |
On May 18, 2017, the Company held its Annual Meeting of Stockholders. |
| (b) |
Proxies for the Annual Meeting were solicited to Regulation 14A of the Securities Exchange Act of 1934, as amended; there was no solicitation in opposition to managements nominees for directors as listed in the Proxy Statement and all such nominees for director listed in the Proxy Statement were elected. The final results of the voting for directors are set forth below: |
Proposal 1
Election of Directors
| Nominee | For | Withhold |
Abstain |
Broker non-votes |
| Stanley M. Brock | 38,842,552 | 834,362 | – | 8,624,034 |
| Thomas A. Broughton III | 39,630,675 | 46,239 | – | 8,624,034 |
| J. Richard Cashio | 39,524,453 | 152,461 | – | 8,624,034 |
| James J. Filler | 39,628,548 | 48,366 | – | 8,624,034 |
| Michael D. Fuller | 39,536,453 | 140,461 | – | 8,624,034 |
| Hatton C.V. Smith | 39,629,699 | 47,215 | – | 8,624,034 |
Described below are the other matters voted upon at the Annual
Meeting and the final number of affirmative votes, negative votes
and abstentions.
Proposal 2
Advisory vote on executive compensation –
approved
| For | Against |
Abstain |
Broker non-votes |
| 39,051,170 | 295,809 | 329,934 | 8,624,034 |
Proposal 3
Advisory vote on frequency of Say on Pay advisory
votes
| Every Year | Every 2 Years | Every 3 Years |
Abstain |
Broker non-votes |
| 34,234,389 | 405,937 | 4,633,646 | 402,941 | 8,624,034 |
Proposal 4
Ratification of Dixon Hughes Goodman LLP as
Independent Registered Public Accounting Firm
for the year ending December 31, 2017 –
approved
| For | Against |
Abstain |
Broker non-votes |
| 48,193,035 | 87,792 | 20,121 | – |
Proposal 5
Vote on the stockholder proposal regarding the
director election majority voting standard –
rejected
| For | Against |
Abstain |
Broker non-votes |
| 9,879,543 | 29,564,264 | 233,107 | 8,624,034 |
As of the record date of the Annual Meeting, 52,809,396 shares of
common stock were issued and outstanding, with 48,300,948 shares
of common stock represented by proxies at the Annual Meeting.
| (d) |
Consistent with the Stockholders advisory vote on Proposal 3, the Board has determined the Company will hold Say on Pay advisory votes on executive compensation every year. |
About ServisFirst Bancshares, Inc. (NASDAQ:SFBS)
ServisFirst Bancshares, Inc. is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions. The Company also offers a range of products and services, including around the clock telephone banking, direct deposit, Internet banking, mobile banking, traveler’s checks, safe deposit boxes, attorney trust accounts and automatic account transfers. The Company also participates in a shared network of automated teller machines (ATMs) and a debit card system that its customers are able to use throughout Alabama and in other states. Additionally, the Company offers Visa credit cards. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Recent Trading Information
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) closed its last trading session up +0.05 at 35.15 with 194,478 shares trading hands.
