UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K

 

 

Current Report

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 18, 2011

 

 

PIONEER BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Virginia   0-30541   54-1278721

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

 

263 East Main Street

P.O. Box 10

Stanley, Virginia 22851

(Address of principal executive offices, including zip code)

 

 

Registrant’s telephone number, including area code: (540) 778-2294

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

 

¨ Pre commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

Pioneer Bankshares, Inc. (“Company”) held its annual shareholders’ meeting on Wednesday, May 18, 2011. At the annual meeting, shareholders elected each of the persons listed below to serve as a director of the Company for a term of three years and to continue in office until a successor has been elected or until his resignation or removal in such a manner as prescribed by the Articles of Incorporation of the Company. The independent inspectors of election reported the following totals as the final vote for each director elected:

Proposal 1: Election of Directors.

 

Nominees

   Votes
For
     Votes
Against
     Votes
Withheld
     Votes
Abstained
     Broker
Non-Votes
 

E. Powell Markowitz

     734,219         —           8,554         —           —     

Mark N. Reed

     737,556         —           5,217         —           —     

James F. Printz

     732,119         —           10,654         —           —     

Other Matters: Adoption of Resolution for Honorary Director Emeritus.

The Board of Directors of the Company also presented to the shareholders a recommendation for the adoption of a formal resolution naming retired Director Louis L. Bosley an Honorary Director Emeritus in recognition and appreciation of his previous 34 years of service with the Company. The resolution was unanimously adopted by those shareholders present at the meeting and shall be included in the permanent records of the Company.

There were no other items of business requiring a vote of security holders at this meeting.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    PIONEER BANKSHARES, INC.
  By:  

/s/ THOMAS R. ROSAZZA

         Thomas R. Rosazza
         President and Chief Executive Officer
May 20, 2011