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 16, 2016

 

INTERNATIONAL BANCSHARES CORPORATION

(Exact name of registrant as specified in its charter)

 

Texas

 

000-09439

 

74-2157138

(State or other jurisdiction

 

(Commission File Number)

 

(I.R.S. Employer

of incorporation or organization)

 

 

 

Identification No.)

 

1200 San Bernardo, Laredo, Texas

 

78040-1359

(Address of principal executive offices)

 

(ZIP Code)

 

(Registrant’s telephone number, including area code)  (956) 722-7611

 

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 (see General Instruction A.2.below);

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 250.13e-4 (c))

 

 

 



 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

On May 16, 2016, International Bancshares Corporation (the “Company”) held its 2016 Annual Meeting of Shareholders (the “Annual Meeting”), at which the Company submitted the following proposals to its shareholders for a vote:

 

(1)         To elect eleven (11) directors of the Company to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified;

 

(2)         To ratify the appointment of RSM US LLP, formerly known as McGladrey LLP, as independent auditors for the fiscal year ending December 31, 2016; and

 

(3)         To consider and approve a non-binding advisory resolution to approve the compensation of the Company’s named executives as described in the Compensation, Discussion and Analysis and the tabular disclosure regarding named executive officer compensation in the Proxy Statement.

 

The following table lists the final voting results for Proposals 1, 2 and 3 at the Annual Meeting:

 

 

 

 

 

 

 

 

 

 

 

Broker

 

 

 

For

 

Against

 

Withheld

 

Abstentions

 

Non-Votes

 

Election of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Javier De Anda

 

52,069,716

 

 

 

234,039

 

 

 

9,472,701

 

Irving Greenblum

 

48,171,666

 

 

 

4,132,089

 

 

 

9,472,701

 

R. David Guerra

 

49,573,708

 

 

 

2,730,047

 

 

 

9,472,701

 

Douglas B. Howland

 

51,644,034

 

 

 

659,721

 

 

 

9,472,701

 

Imelda Navarro

 

47,164,607

 

 

 

5,139,148

 

 

 

9,472,701

 

Peggy J. Newman

 

50,326,538

 

 

 

1,977,217

 

 

 

9,472,701

 

Dennis E. Nixon

 

49,136,126

 

 

 

3,167,629

 

 

 

9,472,701

 

Larry A. Norton

 

51,643,015

 

 

 

660,740

 

 

 

9,472,701

 

Roberto R. Resendez

 

52,061,320

 

 

 

242,435

 

 

 

9,472,701

 

Leonardo Salinas

 

50,335,328

 

 

 

1,968,427

 

 

 

9,472,701

 

Antonio R. Sanchez, Jr.

 

45,972,073

 

 

 

6,331,682

 

 

 

9,472,701

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratification of RSM US LLP

 

58,914,660

 

241,475

 

 

 

2,137

 

2,680,988

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-binding Advisory Resolution on Compensation

 

51,883,911

 

393,055

 

 

 

25,968

 

9,472,701

 

 

Based on the foregoing results, each director nominee was elected by a majority vote standard, which is the voting standard required by the Company’s Articles of Incorporation for uncontested director elections.  Proposal 2 and 3 were approved by majority vote.

 

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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 hereunto duly authorized.

 

 

 

INTERNATIONAL BANCSHARES CORPORATION

 

(Registrant)

 

 

 

By:

/s/ Dennis E. Nixon

 

 

Dennis E. Nixon, President and

 

 

Chairman of the Board

 

 

Date:  May 18, 2016

 

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