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 24, 2015
| United Development Funding Income Fund V |
| (Exact Name of Registrant as Specified in Its Charter) |
| Maryland | 333-194162 (1933 Act) | 46-3890365 |
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number)
|
(I.R.S. Employer |
1301 Municipal
Way, Suite 100, Grapevine, Texas
76051
(Address of principal executive offices)
(Zip Code)
(214) 370-8960
(Registrant’s telephone number, including area code)
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:
| ¨ | 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. |
On June 24, 2015, United Development Funding Income Fund V (the “Registrant”) held its 2015 Annual Meeting of Shareholders. At the meeting, the Registrant’s shareholders voted on the following proposals: (i) to elect five trustees, each to hold office for a one-year term expiring at the Registrant’s Annual Meeting of Shareholders to be held in 2016 and until his successor is duly elected and qualifies; and (ii) to ratify the selection of Whitley Penn LLP as the Registrant’s independent registered public accounting firm for the year ending December 31, 2015. The two proposals are described in detail in the Registrant’s definitive proxy statement, dated April 30, 2015, as filed on Schedule 14A on April 30, 2015.
Both proposals were approved by the Registrant’s shareholders by the requisite vote necessary for approval. The votes with respect to each of the proposals are set forth below.
Proposal 1. To elect five trustees, each to hold office for a one-year term expiring at the Registrant’s Annual Meeting of Shareholders to be held in 2016 and until his successor is duly elected and qualifies:
| Nominee | Shares For | Shares Withheld | Broker Non-Votes | |||
| Hollis M. Greenlaw | 550,973.429 | 4,598.455 | 0 | |||
| William M. Kahane | 550,973.429 | 4,598.455 | 0 | |||
| Phillip K. Marshall | 550,973.429 | 4,598.455 | 0 | |||
| Eustace W. Mita | 550,973.429 | 4,598.455 | 0 | |||
| Steven J. Finkle | 550,973.429 | 4,598.455 | 0 |
Proposal 2. To ratify the selection of Whitley Penn LLP as the Registrant’s independent registered public accounting firm for the fiscal year ending December 31, 2015:
| Shares For | Shares Against | Shares Abstained | Broker Non-Votes | |||
| 539,527.091 | 2,200.000 | 13,844.793 | 0 |
SIGNATURE
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.
| United Development Funding Income Fund V | |||
| Dated: June 26, 2015 | By: | /s/ Hollis M. Greenlaw | |
| Hollis M. Greenlaw | |||
| Chief Executive Officer | |||