VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) 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.
Village Bank and Trust Financial Corp. (the Company) held its
2017 Annual Meeting of Shareholders on May 30, 2017 at
Brandermill Country Club, 3700 Brandermill Parkway, Midlothian,
Virginia (the Annual Meeting).A quorum of shares was present or
represented by proxy at the Annual Meeting. At the Annual
Meeting, the shareholders of the Company elected three directors
to serve for three-year terms; approved in an advisory vote the
Companys executive compensation; and ratified the appointment of
BDO USA, LLP as the Companys independent registered public
accounting firm for 2017. The voting results for each proposal
were as follows:
Proposal 1
To elect three directors for a term of three years each:
| Broker | |||
| For | Withheld | Non-Vote | |
| Raymond T. Avery, III | 1,017,557 | 47,848 | 196,472 |
| William G. Foster | 1,014,526 | 50,879 | 196,472 |
| Charles E. Walton | 1,000,529 | 64,876 | 196,472 |
Proposal 2
To approve, in an advisory (non-binding) vote, the executive
compensation disclosed in the Proxy Statement:
| Broker | |||
| For | Against | Abstain | Non-Vote |
| 948,546 | 25,298 | 91,561 | 196,472 |
Proposal 3
To ratify the appointment of BDO USA, LLP, as the Companys
independent registered public accounting firm for 2017:
| For | Against | Abstain |
| 1,192,649 | 8,129 | 61,099 |
Item 8.01 Other Events.
On May 30, 2017, members of management of the Company made a
presentationat the Annual Meeting. A copy of the presentation is
attached to this report as Exhibit 99.1 and is being furnished to
the Securities and Exchange Commission and shall not be deemed
filed for any purpose.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
The following exhibit is filed herewith:
| Exhibit No. | Description of Exhibit | ||
| 99.1 |
Presentation of the Company delivered at the 2017 Annual Meeting of Shareholders |
||
About VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC)
Village Bank and Trust Financial Corp. is a bank holding company. The Company has three active subsidiaries: Village Bank (the Bank), Southern Community Financial Capital Trust I and Village Financial Statutory Trust II. The Bank has one active subsidiary: Village Bank Mortgage Corporation (the mortgage company), which is a full service mortgage banking company. The Company is the holding company of and successor to the Bank. The Bank is the primary operating business of the Company. The Bank offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate and consumer loans, primarily in the Richmond, Virginia metropolitan area. The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals, and individuals. The Bank conducts business from over 10 branch banking offices. VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) Recent Trading Information
VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) closed its last trading session 00.00 at 28.50 with 0 shares trading hands.
