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 21, 2012

 

INTERNATIONAL BANCSHARES CORPORATION

(Exact name of registrant as specified in its charter)

 

Texas

 

000-09439

 

74-2157138

(State or other jurisdiction
of incorporation or organization)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

1200 San Bernardo, Laredo, Texas

 

78040-1359

(Address of principal executive offices)

 

(ZIP Code)

 

(Registrant’s telephone number, including area code)  (956) 722-7611

 

None

(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);

 

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

 

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

 

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

 

o            Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 250.13e-4 (c))

 

 

 



 

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

 

On May 21, 2012, International Bancshares Corporation (the “Company”) held its 2012 Annual Meeting of Shareholders (the “Annual Meeting”) to vote on the following proposals:

 

(1)         To elect eleven (11) directors of the Company to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified;

 

(2)         To ratify the appointment of McGladrey & Pullen, LLP as independent auditors for the fiscal year ending December 31, 2012;

 

(3)         To consider and approve a non-binding advisory resolution to approve the compensation of the Company’s named executives as described in the Compensation, Discussion and Analysis and the tabular disclosure regarding named executive officer compensation in the Company’s Proxy Statement;

 

(4)         To consider and vote on a proposal to approve the 2012 International Bancshares Corporation Stock Option Plan adopted by the Board of Directors on April 5, 2012; and

 

(5)         To consider and vote on a shareholder proposal regarding the implementation of a majority vote standard in uncontested director elections.

 

The following table lists the final voting results for the Annual Meeting:

 

 

 

 

 

 

 

 

 

 

 

Broker

 

 

 

For

 

Against

 

Withheld

 

Abstentions

 

Non-Votes

 

Election of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Irving Greenblum

 

47,469,915

 

 

 

1,046,632

 

 

 

11,666,286

 

R. David Guerra

 

34,478,848

 

 

 

14,037,699

 

 

 

11,666,286

 

Daniel B. Hastings, Jr.

 

47,739,737

 

 

 

776,810

 

 

 

11,666,286

 

Douglas B. Howland

 

47,862,228

 

 

 

654,319

 

 

 

11,666,286

 

Imelda Navarro

 

33,006,688

 

 

 

15,509,859

 

 

 

11,666,286

 

Sioma Neiman

 

26,738,477

 

 

 

21,778,070

 

 

 

11,666,286

 

Peggy J. Newman

 

47,671,736

 

 

 

844,811

 

 

 

11,666,286

 

Dennis E. Nixon

 

34,938,141

 

 

 

13,578,406

 

 

 

11,666,286

 

Larry A. Norton

 

47,862,147

 

 

 

654,400

 

 

 

11,666,286

 

Leonardo Salinas

 

45,038,261

 

 

 

3,478,286

 

 

 

11,666,286

 

Antonio R. Sanchez, Jr.

 

33,971,844

 

 

 

14,544,703

 

 

 

11,666,286

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratification of McGladrey & Pullen, LLP

 

58,221,570

 

476,761

 

 

 

1,484,502

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-binding Advisory Resolution on Compensation

 

47,476,564

 

435,270

 

 

 

604,713

 

11,666,286

 

 

 

 

 

 

 

 

 

 

 

 

 

Approval of the 2012 International Bancshares Corporation Stock Option Plan

 

37,759,222

 

10,714,040

 

 

 

43,285

 

11,666,286

 

 

 

 

 

 

 

 

 

 

 

 

 

Approval of Shareholder Proposal

 

43,617,352

 

4,889,819

 

 

 

9,376

 

11,666,286

 

 

2



 

Based on the foregoing results, each director nominee was elected by a plurality vote, which is the voting standard required by the Company’s Articles of Incorporation.  In addition, each of the other proposals was approved by a majority vote.

 

 

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.

 

 

INTERNATIONAL BANCSHARES CORPORATION
  (Registrant)

 

 

 

 

 

 

 

By:

/s/ Dennis E. Nixon

 

 

 

Dennis E. Nixon, President and
Chairman of the Board

 

Date:  May 23, 2012

 

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