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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of earliest event reported) |
May 8, 2013
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QUAINT OAK BANCORP, INC.
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(Exact name of registrant as specified in its charter)
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| Pennsylvania | 000-52694 |
35-2293957
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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| 501 Knowles Avenue, Southampton, Pennsylvania |
18966
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| (Address of principal executive offices) |
(Zip Code)
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| Registrant's telephone number, including area code |
(215) 364-4059
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Not Applicable
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(Former name or former address, if changed since last report)
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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):
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[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Item 5.07
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Submission of Matters to a Vote of Security Holders.
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(a) An Annual Meeting of Shareholders (the “Annual Meeting”) of Quaint Oak Bancorp, Inc. (the “Company”) was held on May 8, 2013.
(b) There were 970,721 shares of common stock of the Company eligible to be voted at the Annual Meeting and 851,235 shares were represented in person or by proxy at the Annual Meeting, which constituted a quorum to conduct business at the meeting.
The items voted upon at the Annual Meeting and the vote for each proposal were as follows:
1. Election of directors for a three year term expiring in 2016:
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FOR
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WITHHELD
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BROKER NON-VOTES
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John J. Augustine, CPA
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551,782
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700
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298,753
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Kenneth R. Gant, MBA
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551,782
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700
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298,753
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Robert T. Strong
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539,782
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12,700
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298,753
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2. To adopt the Quaint Oak Bancorp, Inc. 2013 Stock Incentive Plan:
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FOR
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AGAINST
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ABSTAIN
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BROKER NON-VOTES
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422,560
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128,897
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1,025
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298,753
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3. Non-binding resolution to approve the compensation of our named executive officers:
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FOR
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AGAINST
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ABSTAIN
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BROKER NON-VOTES
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449,255
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98,849
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4,378
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298,753
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4. Advisory vote on the frequency of the non-binding resolution to approve the compensation of our named executive officers:
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THREE YEARS
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TWO YEARS
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ONE YEAR
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ABSTAIN
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BROKER NON-VOTES
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399,373
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22,330
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120,705
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10,074
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298,753 |
5. To ratify the appointment of ParenteBeard LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2013:
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FOR
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AGAINST
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ABSTAIN
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854,548
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5,367
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320
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Each of the Company’s nominees were elected as directors, the proposal to approve the Company’s 2013 Stock Incentive Plan was approved, the proposal to adopt a non-binding resolution to approve the compensation of our named executive officers was adopted, three years received the greatest number of votes cast on the advisory vote on the frequency of the non-binding resolution to approve the compensation of our named executive officers, and the proposal to ratify the appointment of ParenteBeard LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2013 was adopted by the shareholders of the Company at the Annual Meeting.
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(c) Not applicable.
(d) At the Annual Meeting, the Company’s shareholders recommended, on an advisory basis, that the Company’s future advisory votes on executive compensation should be held every three years. Consistent with the shareholder recommendation, the board of directors of the Company determined that it will hold an advisory vote on executive compensation every three years.
ITEM 9.01 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable.
(c) Not applicable.
(d) Exhibits
The following exhibit is filed herewith.
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Number
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Description
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| 10.1 |
Quaint Oak Bancorp, Inc. 2013 Stock Incentive Plan (1)
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______________________
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(1)
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Incorporated by reference to Appendix A to the definitive proxy statement, dated April 8, 2013 filed by Quaint Oak Bancorp, Inc. with the SEC on April 8, 2013 (SEC File No. 000-52694).
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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 thereunto duly authorized.
| QUAINT OAK BANCORP, INC. | ||
| Date: May 8, 2013 | By: | /s/Robert T. Strong |
| Robert T. Strong | ||
| President and Chief Executive Officer | ||