TriCo Bancshares (NASDAQ:TCBK) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its 2017 annual meeting of shareholders on May23, 2017. A total of 19,763,903 shares of common stock were represented at the meeting in person or by proxy, which was approximately 86% of all shares of common stock outstanding and entitled to vote. In a non-binding advisory vote on the frequency of future say on pay proposals held at the meeting, 14,096,039 shares voted for one year, 155,217 shares voted for two years, 2,604,961 shares voted for three years, 180,959 shares abstained and there were 2,726,727 broker non-votes.
The Company’s board of directors has considered the outcome of this advisory vote and on August22, 2017 determined, consistent with its recommendation to shareholders in the proxy statement for the 2017 annual meeting and the vote of a majority of the Company’s outstanding shares, that the Company will conduct future votes on say on pay proposals each year until the next advisory vote on the frequency of say on pay votes. The next advisory vote on the frequency of say on pay votes is required to occur no later than the Company’s 2023 annual meeting of shareholders.
About TriCo Bancshares (NASDAQ:TCBK)
TriCo Bancshares is the bank holding company of Tri Counties Bank (the Bank). The Company operates through community banking segment. The Bank is engaged in the general commercial banking business in approximately 30 counties in Northern and Central California. The Bank operates from over 50 traditional branches and over 10 in-store branches. It conducts a commercial banking business, including accepting demand, savings and time deposits, and making commercial, real estate and consumer loans. It also offers installment note collection, issues cashier’s checks, sells travelers checks, and provides safe deposit boxes and other customary banking services. The Bank provides brokerage services at its offices by the association with Raymond James Financial Services, Inc., which is a financial services provider and broker-dealer. The Bank is focused on retail banking operations. It focuses on serving the needs of local businesses, farmers and ranchers, retired individuals and wage earners.