The First Bancshares, Inc. (NASDAQ:FBMS) 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. At
a special meeting held December 29, 2016, the shareholders of The
First Bancshares, Inc. (the Company) approved the the issuance of
3,563,380 shares of the Companys common stock for purposes of
NASDAQ Listing Rule 5635 upon the conversion of an equivalent
number of shares of Mandatorily Convertible Non-Cumulative
Non-Voting Perpetual Preferred Stock, Series E, as well as the
adjournment of the Special Meeting, if necessary or appropriate
to solicit additional proxies. As of the record date, there were
5,428,017 shares entitled to vote, of which 3,953,452 shares, or
72.84%, were voted in person or by proxy at the special meeting.
Results are set forth below:
Item 1. Conversion of Convertible Preferred
Stock
| Votes For | Votes Against | Abstained |
Non-Votes |
| 3,921,358 | 30,099 | 1,995 |
|
Item 2. Approval of an |
|||
| Votes For | Votes Against | Abstained | Non-Votes |
| 30,905,292 | 45,070 | 3,090 | |
About The First Bancshares, Inc. (NASDAQ:FBMS)
The First Bancshares, Inc. is a bank holding company for The First, A National Banking Association (the Bank) located in Hattiesburg, Mississippi. The Company and the Bank engage in a general commercial and retail banking business for small to medium-sized businesses, professional concerns and individuals. The Bank offers a portfolio of loans, including mortgage loans held for sale; commercial, financial and agricultural; real estate, such as mortgage-commercial, mortgage-residential and construction; lease financing receivable, and consumer and other loans. The Banks’ investment securities portfolio is categorized into available-for-sale and held-to-maturity. The Bank primarily invests in securities of the United States Government agencies and mortgage-backed securities; states and municipal subdivisions; corporate obligations, and mutual funds. It offers a range of deposit services, including noninterest-bearing accounts and negotiable order of withdrawal (NOW) accounts. The First Bancshares, Inc. (NASDAQ:FBMS) Recent Trading Information
The First Bancshares, Inc. (NASDAQ:FBMS) closed its last trading session up +0.10 at 27.50 with 16,473 shares trading hands.