Summit Financial Group, Inc. (NASDAQ:SMMF) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
|
(a) |
Summit Financial Group, Inc. (the “Company”) held its Annual Meeting of Shareholders on May 16, 2018 in Moorefield, West Virginia for the purpose of considering and voting upon the following: |
i.To elect two (2) directors to serve until the Annual Meeting in 2020 and to elect three (3) directors to serve until the Annual Meeting in 2021;
ii.To ratify the selection of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2018; and
iii.To transact such other business as may properly come before the Meeting.
|
(b) |
The total number of shares of the Company’s common stock issued, outstanding and entitled to vote at the Annual Meeting was 12,468,013 shares of which 10,362,353 shares representing 83.11% were present at the meeting either in person or by proxy. The holders of common stock of the Company voted on two proposals. No other business was brought before the meeting. |
The results of the voting on the two proposals were as follows:
|
(i) |
Proposal 1 – To elect one (2) directors to serve until the Annual Meeting in 2020 and three (3) directors to serve until the Annual Meeting in 2021. |
The following directors were elected to serve until the Annual Meeting in 2020:
|
VOTES FOR |
VOTES WITHHELD |
ABSTENTIONS |
BROKER NON-VOTES |
|
|
Thomas J. Hawse III |
8,086,717 |
524,302 |
– |
1,765,381 |
|
Gerald W. Huffman |
8,195,799 |
414,052 |
– |
1,765,381 |
The following directors were elected to serve until the Annual Meeting in 2021:
|
VOTES FOR |
VOTES WITHHELD |
ABSTENTIONS |
BROKER NON-VOTES |
|
|
James M. Cookman |
8,162,685 |
433,119 |
– |
1,765,381 |
|
Gary L. Hinkle |
8,199,033 |
410,818 |
– |
1,765,381 |
|
H. Charles Maddy, III |
8,307,150 |
303,869 |
– |
1,765,381 |
|
(ii) |
Proposal 2 – To ratify the selection of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2018: |
|
VOTES FOR |
VOTES AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
|
10,192,720 |
149,958 |
19,675 |
– |
About Summit Financial Group, Inc. (NASDAQ:SMMF)
Summit Financial Group, Inc. (Summit) is a financial holding company. The Company provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Shenandoah Valley, and Northern region of Virginia. The Company provides these services through its community bank subsidiary, Summit Community Bank (Summit Community or the Bank). The Company operates through two segments: community banking, and insurance & financial services. The community banking segment consists of its full service banks, which offer customers traditional banking products and services through various delivery channels. The insurance & financial services segment includes three insurance agency offices that sell insurance products. The Company also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia, which provides insurance brokerage services to individuals and businesses.
