UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 30, 2011

First Reliance Bancshares, Inc.

(Exact Name of Registrant as Specified in Its Charter)

South Carolina

(State or Other Jurisdiction of Incorporation)

000-49757
 
80-0030931
(Commission File Number)
 
(IRS Employer Identification No.)

2170 W. Palmetto Street
   
Florence, South Carolina
 
29501
(Address of Principal Executive Offices)
 
(Zip Code)

(843) 656-5000

(Registrant’s Telephone Number, Including Area Code)

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.

The annual meeting of shareholders of the Company was held on June 30, 2011 (the “Annual Meeting”).  Proxies for the Annual Meeting were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended.  The matters listed below were submitted to a vote of the Company’s shareholders and the final voting results were as follows:

The following nominees were elected as Class A Directors for a three-year term expiring in 2014:

Name
For
Withheld
Abstentions
Broker
Non-Votes
J. Munford Scott, Jr.
2,219,555
29,040
--
--
F.R. Saunders, Jr.
2,215,372
33,223
--
--
Leonard A. Hoogenboom
2,168,255
80,340
--
--

The following nominee was elected as a Class B Director for a one-year term expiring in 2012:

Name
For
Withheld
Abstentions
Broker
Non-Votes
James R. Lingle, Jr.
2,219,555
29,040
--
--

Votes on the proposal to approve a non-binding resolution regarding the overall executive compensation, policies, and procedures employed by the Company, as described in the Executive Compensation section of the Company’s Proxy Statement for the Annual Meeting, were as follows:

For
Against
Abstentions
Broker
Non-Votes
2,085,415
133,585
29,595
--
 
 
 

 

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 thereunto duly authorized.

 
FIRST RELIANCE BANCSHARES, INC.
   
Dated:   July 7, 2011
 
 
By:
/s/ Jeffrey A. Paolucci
 
   
  Jeffrey A. Paolucci
   
  Chief Financial Officer