Southern First Bancshares, Inc. (NASDAQ:SFST) 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.
On May 16, 2017, of the 6,480,164 shares of common stock
outstanding and entitled to vote at the 2017 Annual Shareholders
Meeting, 5,989,801 shares were present in person or by proxy,
representing 92.4% of votes received, and the following matters
were voted upon and approved by our shareholders at the 2017
Annual Meeting:
| 1. | the election of four members to our board of directors; | ||
| 2. |
the non-binding resolution on our executive compensation policies and procedures; and |
||
| 3. |
the ratification of the appointment of Elliott Davis Decosimo, LLC as our independent public accountant. |
||
The following is a summary of the voting results for each matter
presented to the shareholders:
Election of Directors
| Votes | Votes | Broker Non- | ||||
| Directors Name | For | Withheld | Votes | |||
| Andrew B. Cajka | 4,591,835 | 214,893 | 1,183,073 | |||
| Anne S. Ellefson | 4,648,007 | 158,721 | 1,183,073 | |||
| Fred Gilmer, Jr. | 4,653,054 | 153,674 | 1,183,073 | |||
| Tecumseh Hooper, Jr. | 4,653,540 | 153,188 | 1,183,073 |
Executive Compensation Policies and
Procedures
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes | |||
| 4,548,598 | 74,238 | 183,892 | 1,183,073 |
Ratification of the Appointment of Elliott Davis
Decosimo, LLC
| Votes For | Votes Against | Votes Abstained | ||
| 5,950,327 | 23,208 | 16,266 |
ITEM 7.01 Regulation FD Disclosure
Southern First Bancshares, Inc. (the Company) is hereby
furnishing a slide presentation posted on the Company’s website
in connection with the 2017 Annual Shareholders’ Meeting on May
16, 2017. The presentation is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
The information in Item 7.01 and Exhibit 99.1 of Item 9.01 is
being furnished, not filed. Accordingly, the information in this
Item 7.01 and Exhibit 99.1 of Item 9.01 will not be incorporated
by reference into any registration statement filed by the Company
under the Securities Act of 1933 unless specifically identified
therein as being incorporated therein by reference. The
furnishing of the information in this report is not intended to,
and does not, constitute a determination or admission by the
Company that (i) the information in this report is material or
complete or (ii) investors should consider this information
before making an investment decision with respect to any security
of the Company or any of its affiliates.
The information in Item 7.01 and Exhibit 99.1 of Item 9.01
contains projections and forward-looking statements regarding
events or the future financial performance of the Company. These
forward-looking statements involve certain risks and
uncertainties, including a variety of factors (including a
downturn in the economy, greater than expected non-interest
expenses, excessive loan losses and other factors) that may cause
the Companys actual results to differ materially from the
anticipated results expressed in these forward-looking
statements. Therefore, we can give no assurance that the results
contemplated in the forward-looking statements will be realized.
Investors are cautioned not to place undue reliance on these
forward-looking statements and are advised to review the risk
factors that may affect the Companys operating results in
documents filed by the Company with the Securities and Exchange
Commission, including the Annual report on Form 10-K and other
required filings. The Company assumes no duty to update the
forward-looking statements made in this presentation.
ITEM 9.01 Financial Statements and Exhibits
(c)Exhibits: The following exhibits are filed as part of this
report:
|
Exhibit Number |
Description | ||
| 99.1 |
Slide presentation posted on the Company’s website in connection with the 2017 Annual Shareholders’ meeting held on May 16, 2017. |
About Southern First Bancshares, Inc. (NASDAQ:SFST)
Southern First Bancshares, Inc. is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial, consumer and mortgage loans to the public. In addition to deposit and loan services, the Company offers other bank services, such as Internet banking, cash management services, safe deposit boxes, direct deposit and automatic drafts for various accounts. The Bank offers a range of lending services, including real estate, commercial, and equity-line consumer loans to individuals and small- to medium-sized businesses, and professional firms. Southern First Bancshares, Inc. (NASDAQ:SFST) Recent Trading Information
Southern First Bancshares, Inc. (NASDAQ:SFST) closed its last trading session down -0.35 at 34.35 with 21,810 shares trading hands.