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

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

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Item 5.07

Submission of Matters to a Vote of Security Holders
Clinton, NJ Unity Bancorp, Inc. (NASDAQ: UNTY), parent
company of Unity Bank, held its Annual Meeting of
Shareholders on April 27, 2017. A total of 9,576,426 of the
Company’s shares were present or represented by proxy at
the meeting. The Company’s shareholders took the following
actions:
Proposal 1: Election of Directors
The following four directors were nominated to serve for the
terms set forth in the Companys proxy statement. Results of the
election are as follows:
Number of Votes
Name
For
Withheld
Broker Non-vote
Wayne Courtright
6,466,100
200,361
2,909,965
David D. Dallas
6,074,062
592,399
2,909,965
Robert H. Dallas, II
6,074,062
592,399
2,909,965
Peter E. Maricondo
6,465,294
201,167
2,909,965
Proposal 2: The Ratification of the Selection of RSM US LLP, as
the Company’s Independent External Auditors for the Year Ending
December 31, 2017
The Audit Committee has appointed the firm of RSM US LLP, to act
as our independent registered public accounting firm and to audit
our consolidated financial statements for the fiscal year ending
December 31, 2017. This appointment will continue at the pleasure
of the Audit Committee and was presented to the stockholders for
ratification as a matter of good governance. Results of the
election are as follows:
Number of Votes
For
Against
Abstain
Broker Non-vote
9,499,514
60,056
16,856
Proposal 3: The Adoption of Unity Bancorp, Inc. 2017 Stock Option
Plan
The 2017 Stock Option Plan authorizes the granting of incentive
stock options (“ISOs”) and non-statutory options for a total of
350,000 shares of Common Stock to certain members of management
of the Company and the Bank. Participants in the Option Plan will
be chosen by the Board of Directors of the Company from among the
executive officers and directors of the Company, the Bank and any
other subsidiaries the Company may acquire or form. Results of
the election are as follows:
Number of Votes
For
Against
Abstain
Broker Non-vote
6,460,535
84,221
121,705
2,909,965


About UNITY BANCORP, INC. (NASDAQ:UNTY)

Unity Bancorp, Inc. is a bank holding company that serves as a holding company for Unity Bank (the Bank). The Company’s primary business is ownership and supervision of the Bank. The Company, through the Bank, conducts a traditional and community-oriented commercial banking business and offers services, such as personal and business checking accounts, time deposits, money market accounts and regular savings accounts. It engages in lending activities and offers commercial, small business administration, consumer, mortgage, home equity and personal loans. The Bank is a full-service commercial bank, that provides business and consumer financial services through its office in Clinton, New Jersey and over 14 New Jersey branches located in Clinton, Edison, Flemington, Highland Park, Linden, Middlesex, North Plainfield, Phillipsburg, Scotch Plains, Somerset, South Plainfield, Union, Washington and Whitehouse. The Bank has over one Pennsylvania branch located in Forks Township.

UNITY BANCORP, INC. (NASDAQ:UNTY) Recent Trading Information

UNITY BANCORP, INC. (NASDAQ:UNTY) closed its last trading session 00.00 at 16.80 with 6,938 shares trading hands.

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