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 24, 2016  

 

 

SUN BANCORP, INC.
(Exact name of registrant as specified in its charter)

 

 

New Jersey 0-20957 52-1382541

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

 

350 Fellowship Road, Suite 101, Mount Laurel, New Jersey

08054
(Address of principal executive offices) (Zip Code)

 

  Registrant’s telephone number, including area code: (856) 691-7700  

 

Not Applicable
(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):

   
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

 

Results of 2016 Annual Meeting of Shareholders

 

On May 24, 2016, Sun Bancorp, Inc. (the “Company”) held its Annual Meeting of Shareholders (the “Meeting”). As of the close of business on the record date for the Meeting, there were a total of 18,783,184 shares of common stock outstanding and entitled to vote at the Meeting. At the Meeting, 15,128,458 shares of common stock were represented in person or by proxy, therefore a quorum was present. Two proposals were presented and voted on. Set forth below are the final results for all proposals.

 

First Proposal – Election of Eleven Directors

 

The following eleven directors were nominated to serve for one-year terms expiring at the annual meeting of shareholders to be held in 2017, or until their successors shall have been duly elected and qualified. The eleven directors received the requisite plurality of votes cast at the Meeting, as indicated below, and were therefore elected to serve as directors of the Company. The voting results for each director nominee also represent a majority of votes cast with respect to his or her election.

 

Nominee   For   Withheld   Broker non-vote
             
Jeffrey S. Brown   10,905,038   2,666,579   1,556,841
Sidney R. Brown   13,274,171      297,446   1,556,841
Anthony R. Coscia   13,513,512        58,105   1,556,841
F. Clay Creasey, Jr.   12,989,774      581,843   1,556,841
Peter Galetto, Jr.   13,393,068      178,549   1,556,841
Eli Kramer   12,091,640   1,479,977   1,556,841
William J. Marino   12,079,963   1,491,654   1,556,841
Thomas M. O’Brien   13,431,618      139,999   1,556,841
Wilbur L. Ross, Jr.   11,515,456   2,056,161   1,556,841
Keith Stock   13,535,182        36,435   1,556,841
Grace C. Torres   13,448,037      123,580   1,556,841

 

Second Proposal – Ratification of the Appointment of Deloitte & Touche LLP as the Independent Registered Public Accounting Firm of the Company for the Fiscal Year Ending December 31, 2016

 

The ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2016 was approved by the requisite majority of the votes cast by shareholders present at the Meeting, in person or by proxy, as indicated below.

 

For: 15,109,426

Against: 15,584

Abstained: 3,448

Broker non-vote: 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.

 

 

     

SUN BANCORP, INC.

 

       
       
Date: May 25, 2016 By: /s/ Patricia M. Schaubeck
      Patricia M. Schaubeck
      Executive Vice President and General Counsel
      (Duly Authorized Officer)