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): May 10, 2016
HOMETOWN BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
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Virginia |
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333-158525 |
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26-4549960 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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202 S. Jefferson Street Roanoke, Virginia |
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24011 | ||
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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: (540) 345-6000 | ||||
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Not Applicable | ||||
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(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:
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 5.07. |
Submission of Matters to a Vote of Security Holders. |
At the annual meeting of shareholders of the Company held on May 10, 2016 (the “Annual Meeting”), the matters listed below were submitted to a vote of the Company’s shareholders. Set forth below are the final voting results on each such matter.
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1. |
Election of Directors. Two persons were nominated by the Board of Directors for election as directors of the Company, serving until the 2019 annual meeting. Each nominee was elected and the final results of the votes cast for, votes withheld and broker non-votes were as follows: |
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Votes |
Broker |
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Name of Nominee |
Votes For |
Withheld |
Non-Votes |
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To serve until the 2019 Annual Meeting: |
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Susan K. Still |
1,735,496 | 42,015 | 470,179 | |||||||||
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James M. Turner, Jr. |
1,735,496 | 42,015 | 470,179 | |||||||||
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2. |
To approve the following advisory (non-binding) proposal: |
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RESOLVED, that the compensation paid to the Company’s named executive officers, as disclosed in this proxy statement pursuant to the rules and regulations of the SEC, including the summary compensation tables and narrative discussion is hereby APPROVED. |
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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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1,647,592 |
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65,064 |
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64,855 |
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470,179 |
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3. |
Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2016. |
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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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2,223,490 |
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8,085 |
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16,115 |
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0 |
Item 8.01 Other Events
On May 10, 2016, HomeTown Bankshares Corporation declared a 4% stock dividend on its Common Stock, payable July 11, 2016 to shareholders of record on June 9, 2016.
HomeTown Bank director David D. Willis, a founding director of the Bank, resigned from the Bank’s Board of Directors for health reasons, effective May 10, 2016.
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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HOMETOWN BANKSHARES CORPORATION | |||||
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Date: May 10, 2016 |
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By: |
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/s/ Charles W. Maness, Jr. | ||
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Charles W. Maness, Jr., | ||||
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Executive Vice President and Chief Financial Officer | ||||