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

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

Story continues below

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.

An ad to help with our costs