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): June 23, 2011
Yadkin Valley Financial Corporation
(Exact name of registrant as specified in its charter)
| North Carolina | 000-52099 | 20-4495993 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
209 North Bridge Street, Elkin, North Carolina, 28621
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (336) 526-6300
Not Applicable
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
| ¨ | 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 |
On June 23, 2011, of the 16,292,628 shares outstanding and entitled to vote at our 2011 annual meeting of shareholders, 9,506,469 were present in person or by proxy, and the following matters were voted upon and approved by our shareholders at the annual meeting:
| 1. | To elect the Board of Directors: |
| For | Withheld | Broker Non-Vote |
||||||||||
| Nolan G. Brown |
8,669,845 | 836,624 | ||||||||||
| Harry M. Davis |
8,521,515 | 984,954 | ||||||||||
| Thomas J. Hall |
8,713,469 | 793,000 | ||||||||||
| James A. Harrell, Jr. |
8,891,882 | 614,587 | ||||||||||
| Larry S. Helms |
8,663,162 | 843,307 | ||||||||||
| Dan W. Hill, III |
8,707,723 | 798,746 | ||||||||||
| James L. Poindexter |
8,842,703 | 663,766 | ||||||||||
| Alison J. Smith |
8,722,603 | 783,866 | ||||||||||
| James N. Smoak |
8,225,367 | 1,281,102 | ||||||||||
| Harry C. Spell |
8,584,626 | 921,843 | ||||||||||
| Joseph H. Towell |
8,829,804 | 676,665 | ||||||||||
| C. Kenneth Wilcox |
8,646,210 | 860,259 | ||||||||||
| 2. | To approve the Private Placement of common stock under NASDAQ Rule 5635(c) so that all investors are treated equally, which closed on April 29, 2011: |
| For | Against | Abstain | Broker Non-Vote |
|||||||||
| 7,304,995 | 1,945,097 | 256,377 | ||||||||||
| 3. | To approve the non-binding vote of compensation of named executive officers: |
| For | Against | Abstain | Broker Non-Vote |
|||||||||
| 7,904,503 | 1,289,117 | 312,849 | ||||||||||
| 4. | To approve the frequency of the non-binding vote of approval of compensation for named executive officers: |
| 1 Year | 2 Years | 3 Years | Abstain | |||||||||
| 3,480,253 | 481,038 | 5,190,186 | 354,992 | |||||||||
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.
| YADKIN VALLEY FINANCIAL CORPORATION | ||
| By: | /s/ Jan H. Hollar | |
| Name: | Jan H. Hollar | |
| Title: | Chief Financial Officer | |
Dated: June 27, 2011