UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
Form 8-K
Current Report
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Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 25, 2012
Date of Report (Date of earliest event reported)
1st Financial Services Corporation
(Exact Name of Registrant as Specified in Charter)
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North Carolina
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000-53264
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26-0207901
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(State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer
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of Incorporation)
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Identification No.)
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101 Jack Street, Hendersonville, North Carolina
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28792
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code (828) 697-3100
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:
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 240.13e-4(c))
INDEX
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| Item 5.07 | Submission of Matters to a Vote of Security Holders | 3 | ||
| Signatures | 4 |
2
Item 5.07 Submission of Matters to a Vote of Security Holders
On June 25, 2012, the Corporation held its Annual Meeting of Stockholders. Of the 5,190,283 shares of common stock outstanding as of the record date for the meeting, 3,345,882 shares were present at the meeting in person or by proxy. The results of the meeting are as follows:
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1)
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Election of one director for a term of three years:
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Number of Shares
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Nominee
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Votes For
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Votes Withheld
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Broker Non-Votes
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Vincent K. Rees
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1,741,711
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248,543
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1,355,628
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The nominee for election as director received the greatest number of votes and was elected director.
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2)
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Proposal for advisory vote on executive compensation - To approve a non-binding, advisory resolution to approve the compensation of the Corporation’s named executive officers:
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| Number of Shares | ||||||
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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1,596,587
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350,700
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42,967
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1,355,628
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The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved.
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3)
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Proposal to ratify the appointment of independent accountants - To ratify the appointment of Elliott Davis PLLC as the Corporation’s independent accountants for the fiscal year ending December 31, 2012:
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| Number of Shares | ||||||
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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3,292,021
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33,855
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20,006
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0
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The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved.
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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.
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1ST FINANCIAL SERVICES CORPORATION
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Dated: June 28, 2012
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By:
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/s/ Holly L. Schreiber | |
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Holly L. Schreiber
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Executive Vice President &
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| Chief Financial Officer | |||
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