News Column

PORTER BANCORP, INC. FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

May 29, 2014



Item 5.07 Submission of Matters to a Vote of Securities Holders

On May 28, 2014, Porter Bancorp, Inc. held its 2014 annual meeting of shareholders. At the meeting, shareholders elected seven directors, approved a non-binding advisory vote on the compensation of the Company's executives, approved an amendment to increase the number of shares authorized for issuance under the 2006 Non-Employee Director Incentive Stock Plan from 400,000 shares to 700,000 shares, and approved an amendment to increase the number of shares authorized for issuance under the 2006 Stock Incentive Plan from 1,263,050 shares to 1,563,050.

The votes cast on the four agenda items are set forth below:

1. Election of Directors.

Director For Withheld Broker non-votes



W. Glenn Hogan 9,519,147 1,094,028 0 Michael T. Levy 9,733,750 879,425 0 William G. Porter 9,703,409 909,766 0 N. Marc Satterthwaite 9,733,502 879,673 0 John T. Taylor 9,728,788 884,387 0 Mark F. Wheeler 9,733,702 879,473 0 W. Kirk Wycoff 9,733,620 879,556 0

2. Proposal to approve, in a non-binding advisory vote, the compensation of the company's executives.

For Against Abstain Broker non-votes 9,636,280 931,235 45,660 0



3. Approval of Amendment to 2006 Non-Employee Director Incentive Stock Plan

For Against Abstain Broker non-votes 9,520,710 1,041,297 51,168 0



4. Approval of Amendment to 2006 Stock Incentive Plan

For Against Abstain Broker non-votes 9,553,599 1,020,182 39,395 0



No other proposals were voted upon at the annual meeting.

On May 28, 2014, Porter Bancorp issued a press release announcing the results of four items submitted to a vote of its shareholders at the Company's 2014 annual meeting held earlier that day. A copy of the press release is attached hereto as Exhibit 99.1.

2



--------------------------------------------------------------------------------

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Description of Exhibit 99.1 Press release issued May 28, 2014. 3



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters