WELLESLEY BANCORP, INC. (NASDAQ:WEBK) 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. |
The annual meeting of the shareholders of the Company was held on
May 24, 2017. The final results for each of the matters submitted
to a vote of shareholders at the annual meeting are as follows:
| 1. |
The following individuals were elected as directors, each for a three-year term, by the following vote: |
| Name | FOR | WITHHELD |
BROKER NON-VOTES |
| Thomas J. Fontaine | 1,138,529 | 38,225 | 901,381 |
| Nancy Marden Goodall | 1,137,734 | 39,020 | 901,381 |
| Kathryn M. Hinderhofer | 1,125,683 | 51,071 | 901,381 |
| Edwin G. Silver | 1,131,451 | 45,303 | 901,381 |
| 2. |
The shareholders voted in favor of the non-binding resolution to approve the compensation of the named executive officers by the following vote: |
| FOR | AGAINST | ABSTAIN |
| 1,060,770 | 85,137 | 30,847 |
There were 901,381 broker non-votes on the proposal.
| 3. |
The appointment of Wolf Company, P.C. as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017 was ratified by the shareholders by the following vote: |
| FOR | AGAINST | ABSTAIN |
| 2,064,201 | 4,241 | 9,693 |
There were no broker non-votes on the proposal.
| Item 8.01 | Other Events |
On May 24, 2017, the Board of Directors of the Company declared a
cash dividend on the Companys outstanding shares of stock. The
dividend of $0.05 per share will be paid on or about June 21,
2017, to stockholders of record as of the close of business on
June 7, 2017.
A copy of the press release announcing the cash dividend is
included as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Number | Description | ||
| 99.1 | Press Release dated May 24, 2017 |
About WELLESLEY BANCORP, INC. (NASDAQ:WEBK)
Wellesley Bancorp, Inc. is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans. It offers a range of deposits, which include noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as such as negotiable order of withdrawal (NOW) and money market accounts; savings accounts, and certificates of deposit. In addition, it also provides investment management services for high net worth individuals, families, businesses, private partnerships, nonprofit organizations, foundations and trusts through its subsidiary, Wellesley Investment Partners, LLC. WELLESLEY BANCORP, INC. (NASDAQ:WEBK) Recent Trading Information
WELLESLEY BANCORP, INC. (NASDAQ:WEBK) closed its last trading session down -0.15 at 27.25 with 0 shares trading hands.
