SOUTHERN MISSOURI BANCORP, INC. (NASDAQ:SMBC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07Submission of Matters to a Vote of Security Holders
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On Proposal 1, each of Messrs. Steffens, Bagby, Tooley, and Hensley were elected for a three-year term to expire in 2021.The vote required to approve Proposals 2, 3, and 5 was the affirmative vote of a majority of the votes cast.Accordingly, Proposals 2 and 5 were approved, while for Proposal 3, "ONE YEAR" was selected as the frequency of future executive compensation ("say on pay") votes.The vote required to approve Proposal 4 was the affirmative vote of a majority of the shares outstanding and entitled to vote on the matter. Accordingly, Proposal 4 was approved.
About SOUTHERN MISSOURI BANCORP, INC. (NASDAQ:SMBC)
Southern Missouri Bancorp, Inc. is the holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of attracting retail deposits from the public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), and brokered deposits. The Bank offers a range of deposit instruments, such as demand deposit accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts, saving accounts, certificates of deposit and retirement savings plans. The Bank’s lending activities consist of origination of loans secured by mortgages on one- to four-family and multifamily residential real estate, commercial and agricultural real estate, construction loans on residential and commercial properties, commercial and agricultural business loans and consumer loans. As of June 30, 2016, the Company had total assets of $1.4 billion and total deposits of $1.1 billion.