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 21, 2018

 

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))

 

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

 

Emerging growth company o

 

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. o

 

 

 



 

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

 

On May 21, 2018, International Bancshares Corporation (the “Company”) held its 2018 Annual Meeting of Shareholders (the “Annual Meeting”), at which the Company submitted the following proposals to its shareholders for a vote:

 

(1)         To elect eight (8) directors to serve until the next Annual Meeting of Shareholders and until their successors shall have been duly elected and qualified;

 

(2)         To ratify the appointment of RSM US LLP, as independent auditors for the fiscal year ending December 31, 2018; 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 disclosures 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

 

53,155,301

 

 

 

55,551

 

 

 

11,007,025

 

Irving Greenblum

 

48,458,521

 

 

 

4,752,331

 

 

 

11,007,025

 

Douglas B. Howland

 

52,961,852

 

 

 

249,000

 

 

 

11,007,025

 

Peggy J. Newman

 

50,922,158

 

 

 

2,288,694

 

 

 

11,007,025

 

Dennis E. Nixon

 

51,740,358

 

 

 

1,470,494

 

 

 

11,007,025

 

Larry A. Norton

 

52,961,852

 

 

 

249,000

 

 

 

11,007,025

 

Roberto R. Resendez

 

53,162,133

 

 

 

48,719

 

 

 

11,007,025

 

Antonio R. Sanchez, Jr.

 

52,944,644

 

 

 

266,208

 

 

 

11,007,025

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratification of RSM US LLP

 

58,854,436

 

335,859

 

 

 

82,437

 

5,004,489

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-binding Advisory Resolution on Compensation

 

52,823,064

 

283,986

 

 

 

103,698

 

11,007,029

 

 

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.  Proposals 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 23, 2018

 

 

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