SI FINANCIAL GROUP, INC. (NASDAQ:SIFI) 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 special meeting of the shareholders of SI Financial Group, Inc. (“SI Financial”) was held on April 2, 2019.
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1. |
To consider and vote upon a proposal to approve the Agreement and Plan of Merger, dated as of December 11, 2018, by and between Berkshire Hills Bancorp, Inc. and SI Financial and the transactions contemplated thereby, including the merger: |
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FOR |
AGAINST |
ABSTAIN |
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8,649,188 |
291,242 |
43,977 |
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There were no broker non-votes on the proposal. |
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2. |
To consider and vote upon an advisory, non-binding proposal to approve compensation payable to the named executive officers of SI Financial in connection with the merger: |
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FOR |
AGAINST |
ABSTAIN |
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5,947,165 |
2,827,583 |
209,659 |
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There were no broker non-votes on the proposal. |
On April 2, 2019, SI Financial issued a press release announcing the results of its special meeting of stockholders held on April 2, 2019. A copy of SI Financial’s press release dated April 2, 2019 is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.
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Item 9.01 |
Financial Statements and Other Exhibits |
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(d) |
Exhibits |
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Number |
Description |
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Press Release dated April 2, 2019 |
SI Financial Group, Inc. Exhibit
EX-99.1 2 pressrelease_mergerstkhldr.htm EXHIBIT 99.1 Exhibit FOR IMMEDIATE RELEASESI FINANCIAL GROUP,…
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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.