SOUTHERN MISSOURI BANCORP, INC. (NASDAQ:SMBC) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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SOUTHERN MISSOURI BANCORP, INC. (NASDAQ:SMBC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders

The 2017 Annual Meeting of the stockholders of Southern Missouri Bancorp, Inc. was held on October 30, 2017, in Poplar Bluff, Missouri. Stockholders representing7,517,841 shares, or 87.5%, of the common shares outstanding as of the September 8, 2017 record date were present in person or were represented at the meeting by proxy. Final voting results are shown below:

(Proposal 1)The election of the following nominees as directors of the Company, each for a three-year term:

(a) Ronnie D. Black:

BROKER

FOR

WITHHELD

NON-VOTES

5,991,725

234,041

1,292,075

(b) Rebecca M. Brooks:

BROKER

FOR

WITHHELD

NON-VOTES

5,995,824

229,942

1,292,075

(c) Dennis C. Robison:

BROKER

FOR

WITHHELD

NON-VOTES

5,978,468

247,298

1,292,075

(Proposal 2)Advisory (non-binding) vote to approve executive compensation:

BROKER

FOR

AGAINST

ABSTAIN

NON-VOTES

5,865,523

66,743

293,500

1,292,075

(Proposal 3)Approval of the Company's 2017 Omnibus Incentive Plan:

BROKER

FOR

AGAINST

ABSTAIN

NON-VOTES

5,872,896

152,633

200,237

1,292,075

(Proposal 4)The ratification of the appointment of BKD, LLP as the Company's independent auditors for the fiscal year ending June 30, 2018:

BROKER

FOR

AGAINST

ABSTAIN

NON-VOTES

7,324,867

4,831

188,143

–

On Proposal 1, Mr. Black, Ms. Brooks, and Mr. Robison were each elected for a three-year term to expire in 2020.The vote required to approve Proposals 2 and 4 was the affirmative vote of a majority of the votes cast on the proposal.Accordingly, Proposals 2 and 4 were approved.The vote required to approve Proposal 3 was the affirmative vote of a majority of the shares outstanding and entitled to vote on the matter. Accordingly, Proposal 3 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.