WVS Financial Corp. (NASDAQ:WVFC) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
(a) An Annual Meeting of Stockholders of WVS Financial Corp. (the “Company”) was held on October31, 2017.
(b) There were 2,008,144 shares of common stock of the Company eligible to be voted at the Annual Meeting and there were 1,640,230 shares represented in person or by proxy at the Annual Meeting, which constituted a quorum to conduct business at the meeting.
The items voted upon at the Annual Meeting and the results of the vote on each proposal were as follows:
| 1. | Election of two directors, each for a four-year term: |
| FOR | WITHHELD | BROKERNON-VOTES | |
|
Edward F. Twomey, III |
1,167,391 | 29,653 | 443,186 |
|
Joseph W. Unger |
1,168,961 | 28,083 | 443,186 |
| 2. | To ratify the appointment of S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for the year ending June30, 2018. |
|
FOR |
AGAINST |
ABSTAIN |
| 1,568,955 | 6,904 | 64,371 |
The nominees were elected as directors and the proposal to ratify S.R. Snodgrass, P.C. as the Company’s independent registered public accounting firm for fiscal 2018 was adopted by the stockholders of the Company at the Annual Meeting.
(c) Not applicable.
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About WVS Financial Corp. (NASDAQ:WVFC)
WVS Financial Corp. is a bank holding company of West View Savings Bank. West View Savings Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured stock savings bank. The principal categories of loans in the Company’s portfolio are single-family and multi-family residential real estate loans, commercial real estate loans, construction loans, consumer loans, land acquisition and development loans, and commercial loans. Its investment securities portfolio include corporate debt (including the United States dollar denominated foreign debt) and equity securities, the United States Government and the United States Government agency obligations, securities of various federal, state and municipal agencies, Federal Home Loan Banks (FHLB) stock, commercial paper, bankers’ acceptances, federal funds and interest-bearing deposits with other financial institutions. Its source of funds for use in lending and for other general business purposes comes from deposits.
