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 4, 2013

 

 

 

Eastern Virginia Bankshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

 

         
Virginia   000-23565   54-1866052

(State or other jurisdiction

of incorporation)

 

 

(Commission

File Number)

 

 

(IRS Employer

Identification No.)

 

 

330 Hospital Road, Tappahannock, Virginia   22560
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (804) 443-8400

 

 

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:

 

¨ 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.

 

Eastern Virginia Bankshares, Inc. (the “Company”) held its Annual Meeting of Shareholders on June 4, 2013. A quorum of shareholders was present, consisting of a total of 4,835,545 shares. Matters voted upon were (1) the election of thirteen directors to serve for terms of one year each expiring at the 2014 Annual Meeting of Shareholders, (2) approval, for purposes of NASDAQ Marketplace Rule 5635, of the issuance of up to 9,890,111 shares of common stock in connection with the previously announced private placements, including the issuance of up to 5,240,192 shares of common stock upon the conversion of shares of Non-Voting Mandatorily Convertible Non-Cumulative Preferred Stock, Series B that will be issued in the private placements, (3) approval of an amendment to the Company’s bylaws to change the range of the size of the Board of Directors from ten to fourteen directors to ten to seventeen directors which became effective as of June 4, 2013, (4) approval on an advisory (non-binding) basis of the compensation of the Company’s named executive officers, (5) ratification of the appointment of Yount, Hyde & Barbour, P.C. as independent registered public accountant of the Company for 2013, and (6) approval of the adjournment or postponement of the meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the meeting to adopt any of the Proposals.

 

The final number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes, with respect to each matter are set out below.

 

Election of Directors

 

           Broker 
Director  For   Withheld   Non-Votes 
W. Rand Cook   2,928,233    303,738    1,603,574 
F.L. Garrett, III   2,674,805    557,166    1,603,574 
W. Gerald Cox   2,929,782    302,188    1,603,574 
Michael E. Fiore, P.E.   2,924,716    307,254    1,603,574 
Ira C. Harris, Ph.D., CPA   2,925,920    306,050    1,603,574 
Eric A. Johnson   2,684,105    547,866    1,603,574 
W. Leslie Kilduff, Jr.   2,928,878    303,092    1,603,574 
William L. Lewis   2,514,958    717,013    1,603,574 
Charles R. Revere   2,926,899    305,071    1,603,574 
Joe A. Shearin   2,920,648    311,322    1,603,574 
Howard R. Straughan, Jr.   2,931,751    300,220    1,603,574 
Leslie E. Taylor, CPA   2,930,489    301,481    1,603,574 
Jay T. Thompson, III   2,915,170    316,800    1,603,574 

 

 

               Broker 
   For   Against   Abstention   Non-Votes 
For purposes of NASDAQ Marketplace Rule 5635, to approve                    
  the issuance of up to 9,890,111 shares of common stock in                    
  connection with the previously announced private placements,                    
  including the issuance of up to 5,240,192 shares of common                    
  stock upon the conversion of shares of Non-Voting Mandatorily                    
  Convertible Non-Cumulative Preferred Stock, Series B that                    
  will be issued in the private placements   2,755,528    370,987    105,454    1,603,574 

 

 
 

 

               Broker 
   For   Against   Abstention   Non-Votes 
Approval of an amendment to the Company's bylaws to                    
  change the range of the size of the Board of Directors from                    
  ten to fourteen directors to ten to seventeen directors   2,634,971    524,343    72,655    1,603,574 

 

               Broker 
   For   Against   Abstention   Non-Votes 
Advisory (Non-Binding) Approval of the Compensation                    
  of the Company's Named Executive Officers   2,728,306    383,209    120,454    1,603,574 

 

               Broker 
   For   Against   Abstention   Non-Votes 
Ratification of the Appointment of Yount, Hyde & Barbour, P.C.                    
  as the Company's Independent Registered Public Accountant   4,682,519    125,669    27,355    - 

 

               Broker 
   For   Against   Abstention   Non-Votes 
Approval of the adjournment or postponement of the meeting,                    
  if necessary or appropriate, to solicit additional proxies if there                    
  are insufficient votes at the time of the meeting to adopt any of                    
  the Proposals   3,877,855    813,249    144,439    - 

 

 
 

 

 

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.

 

 

    EASTERN VIRGINIA BANKSHARES, INC.
   
Dated: June 6, 2013 /s/ J. Adam Sothen
    By: J. Adam Sothen
Executive Vice President &
Chief Financial Officer