SI FINANCIAL GROUP, INC. (NASDAQ:SIFI) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders.
As reported in the May Form 8-K, at the Annual Meeting, a majority of advisory votes of the shareholders of the Company were cast in favor of holding a non-binding advisory vote on executive compensation every year. Consistent with the outcome of this advisory vote, the Company's board of directors (the "Board") has determined that the Company will hold future non-binding advisory votes on executive compensation every year until the next required vote on the frequency of shareholder voting on executive compensation or until the Board determines that it is in the best interests of the Company to hold such vote with a different frequency.
About SI FINANCIAL GROUP, INC. (NASDAQ:SIFI)
SI Financial Group, Inc. is a holding company for Savings Institute Bank and Trust Company (the Bank). The Bank operates as a community-oriented financial institution offering a range of financial services to consumers and businesses in its market area, including insurance, trust and investment services. The Bank accepts deposits from the general public and uses those funds to originate one- to four-family residential mortgage loans, multi-family and commercial real estate loans, commercial business loans, and construction and consumer loans. The Bank also purchases commercial business loans, including loans fully guaranteed by the Small Business Administration (SBA) and the United States Department of Agriculture (USDA). The Bank sells certain fixed-rate one- to four-family residential conforming loans it originates in the secondary market with the servicing retained. The remainder of the Bank’s loan portfolio is originated for investment.