SUSSEX BANCORP (NASDAQ:SBBX) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
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Submission of Matters to a Vote of Security Holders. |
Sussex Bancorp (the Company) held its 2017 Annual Meeting of
Shareholders (the Annual Meeting) on April26, 2017. There were
4,780,655 shares of common stock eligible to be voted at the
Annual Meeting and 3,854,778.50 shares of common stock were
presented in person or represented by proxy at the Annual
Meeting, which constituted a quorum to conduct business.
As further detailed in the Companys Definitive Proxy Statement on
Schedule 14A (the Proxy Statement), which was filed with the
Securities and Exchange Commission on March 23, 2017, there were
three proposals submitted to the Companys shareholders at the
Annual Meeting. The shareholders elected all of the nominees
listed in Proposal 1 and approved Proposals 2 and 3. The final
results of voting on each of the proposals are as follows:
Proposal 1: Election of Directors
| Nominee | Votes For | Votes Withheld | Broker Non-Vote | |||
| Patrick E. Brady | 2,519,133.26 | 104,911.44 | 1,230,733.80 | |||
| Edward J. Leppert | 2,519,064.13 | 104,980.57 | 1,230,733.80 | |||
| Michael X. McBride | 2,522,854.57 | 101,190.13 | 1,230,733.80 |
Proposal 2: Ratification of the Appointment of BDO USA, LLPas
the CompanysIndependent Registered Public Accounting
Firm for the Fiscal Year Ending December 31, 2017
| Votes For | Votes Against | Abstain | Broker Non-Vote | |||
| 3,818,961.85 | 34,143.07 | 1,673.58 |
Proposal 3: Non-Binding Advisory Resolution on the
Compensation of the Companys Named Executive Officers
| Votes For | Votes Against | Abstain | Broker Non-Vote | |||
| 2,413,952.53 | 196,137.74 | 13,953.43 | 1,230,734.80 |
About SUSSEX BANCORP (NASDAQ:SBBX)
Sussex Bancorp is a bank holding company for Sussex Bank (the Bank). The Company’s primary business is the ownership and supervision of the Bank. The Company has two business segments: banking and financial services, and insurance services. The Company, through the Bank, conducts a traditional commercial banking business, and offer services, including personal and business checking accounts and time deposits, money market accounts and savings accounts. The Company, through the Bank’s subsidiary, Tri-State, operates a full service general insurance agency, offering both commercial and personal lines of insurance. The Company’s service area primarily consists of Sussex, Morris and Bergen Counties in New Jersey, and Orange and Queens Counties, New York. The Company’s loan portfolio includes commercial and industrial consumer loans, construction loans, commercial real estate loans, residential real estate loans, and consumer and other loans. SUSSEX BANCORP (NASDAQ:SBBX) Recent Trading Information
SUSSEX BANCORP (NASDAQ:SBBX) closed its last trading session up +0.35 at 25.80 with 15,128 shares trading hands.
