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EX-99.1 - EXHIBIT 99.1 - Village Bank & Trust Financial Corp.v468065_ex99-1.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): May 30, 2017

 

 

 

VILLAGE BANK AND TRUST FINANCIAL CORP.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Virginia

(State or Other Jurisdiction

of Incorporation)

0-50765

(Commission File Number)

16-1694602

(IRS Employer

Identification No.)

 

13319 Midlothian Turnpike

Midlothian, Virginia

(Address of Principal Executive Offices)

 

23113

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (804) 897-3900

 

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:

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

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

 

Village Bank and Trust Financial Corp. (the “Company”) held its 2017 Annual Meeting of Shareholders on May 30, 2017 at Brandermill Country Club, 3700 Brandermill Parkway, Midlothian, Virginia (the “Annual Meeting”).  A quorum of shares was present or represented by proxy at the Annual Meeting. At the Annual Meeting, the shareholders of the Company elected three directors to serve for three-year terms; approved in an advisory vote the Company’s executive compensation; and ratified the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for 2017. The voting results for each proposal were as follows:

 

Proposal 1

 

To elect three directors for a term of three years each:

 

      Broker
  For Withheld Non-Vote
Raymond T. Avery, III     1,017,557             47,848          196,472
William G. Foster     1,014,526             50,879          196,472
Charles E. Walton     1,000,529             64,876          196,472

 

Proposal 2

 

To approve, in an advisory (non-binding) vote, the executive compensation disclosed in the Proxy Statement:

 

      Broker
For Against Abstain Non-Vote
       948,546             25,298            91,561        196,472

   

Proposal 3

 

To ratify the appointment of BDO USA, LLP, as the Company’s independent registered public accounting firm for 2017:

 

For Against Abstain
    1,192,649               8,129            61,099

 

 

 

 

 

Item 8.01 Other Events.

 

On May 30, 2017, members of management of the Company made a presentation at the Annual Meeting. A copy of the presentation is attached to this report as Exhibit 99.1 and is being furnished to the Securities and Exchange Commission and shall not be deemed “filed” for any purpose.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)       Exhibits.

 

The following exhibit is filed herewith:

 

Exhibit No.   Description of Exhibit  
       
99.1   Presentation of the Company delivered at the 2017 Annual Meeting of Shareholders  
       

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  VILLAGE BANK AND TRUST FINANCIAL CORP.  
  (Registrant)  
       
       
       
Date: May 30, 2017 By: /s/ C. Harril Whitehurst, Jr.  
    C. Harril Whitehurst, Jr.  
    Executive Vice President and CFO