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MERCHANTS BANCSHARES INC FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

May 19, 2014



Submission of Matters to a Vote by Security Holders.

At the Annual Meeting of Shareholders (the "Annual Meeting") of Merchants Bancshares, Inc. (the "Company") held on May 15, 2014, Michael R. Tuttle, Michael G. Furlong and Lorilee A. Lawton were elected to serve until the 2017 Annual Meeting of Shareholders. In addition, at the Annual Meeting, the shareholders (a) approved a non-binding resolution to approve the compensation of the Company's named executive officers and (b) ratified the appointment of Crowe Horwath LLP as the Company's independent registered public accounting firm for 2014.

At the Annual Meeting, the Company's shareholders voted as follows:

Proposal 1. To elect three directors, each whom will serve for a three-year term: Nominee Votes For Votes Withheld Broker Non-Vote Michael R. Tuttle 3,888,025 186,219 1,394,776 Michael G. Furlong 3,898,299 175,945 1,394,776 Lorilee A. Lawton 3,965,623 108,621 1,394,776



Proposal 2. To consider a non-binding resolution to approve the compensation of the Company's named executive officers:

Votes For Votes Against Abstentions Broker Non-Votes 3,873,381 156,577 44,661 1,394,400



Proposal 3. To ratify Crowe Horwath LLP as the Company's independent registered public accounting firm for 2014:

Votes For Votes Against Abstentions Broker Non-Votes

5,435,271 5,224 28,146 378


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Source: Edgar Glimpses


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