Attached files
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| EX-99 - EXHIBIT 99.1 FOR THE FORM 8-K FOR THE EVENT ON 4.22.14 - BANNER CORP | ex99142314.htm |
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): April 22, 2014
Banner Corporation
(Exact name of registrant as specified in its charter)
| Washington | 0-26584 | 91-1691604 |
| (State or other jurisdiction | (Commission File | (I.R.S. Employer |
| of incorporation) | Number) | Identification No.) |
10 S. First Avenue
Walla Walla, Washington 99362
(Address of principal executive offices and zip code)
(509) 527-3636
(Registrant’s telephone number, including area code)
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
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(a)
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The Annual Meeting of Banner Corporation (the “Company”) was held on April 22, 2014 (“Annual Meeting”).
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(b)
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There were a total of 19,485,144 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 18,581,653 shares of common stock were represented in person or by proxy, therefore, a quorum was present. The following proposals were submitted by the Company’s Board of Directors to a vote of shareholders:
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Proposal 1. Election of Directors. The following individuals were elected as directors for three year terms:
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FOR
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WITHHELD
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Broker Non-
Votes
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|||||||
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# of votes
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Percentage of
shares
present
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# of votes
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Percentage of
shares
present
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# of votes
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|||||
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Jesse G. Foster
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14,839,206
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89%
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1,906,487
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11%
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1,835,960
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||||
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Mark J. Grescovich
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16,512,358
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99%
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233,335
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1%
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1,835,960
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||||
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D. Michael Jones
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6,511,071
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39%
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10,234,622
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61%
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1,835,960
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||||
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David A. Klaue
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16,640,246
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99%
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105,447
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1%
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1,835,960
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||||
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Brent A. Orrico
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15,999,315
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96%
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746,378
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4%
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1,835,960
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||||
Based on the votes set forth above, Messrs. Foster, Grescovich, Jones and Klaue were duly elected to serve as directors of the Company for a three year term expiring at the annual meeting of shareholders in 2017, and Mr. Orrico was duly elected to serve as a director of the Company for a two year term expiring at the annual meeting of shareholders in 2016, and until their respective successors have been duly elected and qualified.
The terms of Directors Gordon E. Budke, Constance H. Kravas, John R. Layman, Michael M. Smith, Robert D. Adams, Connie R. Collingsworth and Gary Sirmon continued.
Proposal 2. An advisory (non-binding) vote to approve our executive compensation. This proposal received the following votes:
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For
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Against
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Abstain
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Broker Non-Vote
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|||||
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15,697,183
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1,004,491
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44,019
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1,835,960
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Based on the votes set forth above, the compensation of the Company’s named executive officers was approved by shareholders.
Proposal 3. The adoption of the Banner Corporation 2014 Omnibus Incentive Plan. This proposal received the following votes:
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For
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Against
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Abstain
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Broker Non-Vote
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|||||
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16,295,450
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409,570
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40,673
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1,835,960
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Based on the votes set forth above, the adoption of the Banner Corporation 2014 Omnibus Plan was approved by shareholders.
Proposal 4. Ratification of the Audit Committee’s selection of Moss Adams LLP as the Company’s independent auditors for the year ending December 31, 2014. This proposal received the following votes:
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For
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Against
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Abstain
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Broker Non-Vote
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|||
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18,287,372
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270,861
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23,420
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-0-
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Based on the votes set forth above, the appointment of Moss Adams LLP as the Company’s independent auditors to serve for the year ended December 31, 2014 was duly ratified by the shareholders.
(c) None.
(d) Not applicable.
Item 9.01 Financial Statements and Exhibits
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(d)
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Exhibits
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The following exhibits are being filed herewith and this list shall constitute the exhibit index:
99.1 Press Release of Banner Corporation dated April 23, 2014
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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BANNER CORPORATION
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| Date: April 23, 2014 | By: /s/Lloyd W. Baker |
| Lloyd W. Baker | |
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Executive Vice President and
Chief Financial Officer
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