SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC) 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.
The Corporation held its Annual Meeting April 19, 2017. At the
Annual Meeting, the shareholders voted on a non-binding
recommendation for the frequency of future non-binding
shareholder votes on the compensation of the Corporations named
executive officers (Say-On-Frequency Proposal). The results were
as follows:
| Frequency | Vote | % | ||||||
| 3 Years | 5,133,769 | 26.6 | ||||||
| 2 Years | 372,816 | 1.9 | ||||||
| 1 Year | 13,631,131 | 70.6 | ||||||
| Abstain | 167,141 | 0.9 | ||||||
| Broker Non-Votes | 6,997,158 | —– | ||||||
The Board carefully considered the results of the shareholders
advisory vote on the Say-On-Frequency Proposal. Based on the
vote, management recommended and the Board determined that
non-binding shareholder votes on the compensation of the
Corporations named executive officers should be held annually
until a Say-On-Frequency Proposal is next presented to the
shareholders, which is currently scheduled to occur no later than
the Corporations 2023 Annual Meeting.
About SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC)
Simmons First National Corporation is a financial holding company. The Company’s subsidiary bank is Simmons First National Bank (Simmons Bank), a national bank. Simmons Bank and its subsidiaries provide banking services to individuals and businesses across the market areas they serve. Simmons Bank offers consumer, real estate and commercial loans, checking, savings and time deposits. It also offers a range of products and services, including credit cards, trust services, investments, agricultural finance lending, equipment lending, insurance, consumer finance and small business administration (SBA) lending. The Company conducts its banking operations through approximately 150 branches or financial centers, located in communities throughout Arkansas, Missouri, and Kansas. Its loan portfolios were loans to businesses (commercial loans, commercial real estate loans and agricultural loans) and individuals (consumer loans, credit card loans and single-family residential real estate loans). SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC) Recent Trading Information
SIMMONS FIRST NATIONAL CORPORATION (NASDAQ:SFNC) closed its last trading session down -0.25 at 51.15 with 194,872 shares trading hands.
