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) November 28,
2017
PARAGON COMMERCIAL CORPORATION
(Exact
name of registrant as specified in its charter)
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North Carolina
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001-37802
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56-2278662
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(State
or other jurisdiction of
incorporation)
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(Commission
File
Number)
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(IRS
Employer Identification
No.)
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3535 Glenwood Avenue
Raleigh, North Carolina
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27612
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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 (919)
788-7770
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:
☐ 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))
Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
Emerging growth
company ☑
If an
emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☑
Item
5.07 Submission of Matters to a Vote of Security
Holders.
On
November 28, 2017, Paragon Commercial Corporation (the
“Company”) held its Annual Meeting of Shareholders (the
“Annual Meeting”). Two proposals were submitted to
shareholders at the Annual Meeting. In the case of Proposal 1, all
of the Board of Directors’ nominees were approved and elected
to serve on the Company’s Board of Directors. Proposal 2 was
approved by the shareholders entitled to vote at the Annual
Meeting. Proposals 1 and 2 are described in greater detail in the
Company’s definitive proxy statement for the Annual Meeting,
as filed with the Securities and Exchange Commission on October 20,
2017.
The
voting results were as follows:
Proposal 1: Proposal to
elect two members of the Board of Directors, each for a term of
office of three years or until his successor is duly elected and
qualified.
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Directors
Elected
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Votes
For
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Votes
Withheld
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Broker
Non-Votes
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Robert C.
Hatley
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2,663,540
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92,248
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--
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Howard
Jung
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2,364,517
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372,771
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--
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Proposal 2: Proposal to
ratify the appointment of Elliott Davis, PLLC as the
Company’s independent auditors for 2017.
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For
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Against
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Abstain
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Broker
Non-Votes
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2,793,290
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1,002
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19,750
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--
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2
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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PARAGON
COMMERCIAL CORPORATION
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Date:
December 4, 2017
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By:
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/s/
Steven
E. Crouse
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Steven E. Crouse |
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Executive
Vice President and Chief Financial
Officer
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3