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)
April 21, 2020
PARKE BANCORP, INC.
(Exact name of Registrant as specified in its Charter)
| New Jersey | 0-51338 | 65-1241859 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 601 Delsea Drive, Washington Township, New Jersey | 08080 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (856) 256-2500
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 |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
| ☐ | Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act |
| Securities | registered pursuant to Section 12(b) of the Act: |
| Title of Each Class |
Trading Symbol(s) |
Name of Each Exchange on Which Registered | ||
| Common Stock, Par Value $0.10 per share | PKBK | The Nasdaq Stock Market, LLC |
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 ☐
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. ☐
PARKE BANCORP, INC.
INFORMATION TO BE INCLUDED IN THE REPORT
Section 5 – Corporate Governance and Management
Item 5.07 Submission of Matters to a Vote of Security Holders.
On April 21, 2020, the Company held its annual meeting of shareholders at which the following items were voted on.
| (1) | Election of Directors for three-year terms |
| Nominee | For | Withheld | Broker Non-Votes |
|||||||||
| Celestino R. Pennoni |
7,636,551 | 281,446 | 1,906,523 | |||||||||
| Vito S. Pantilione |
7,673,815 | 244,182 | 1,906,523 | |||||||||
| Dr. Edward Infantolino |
6,712,836 | 1,205,161 | 1,906,523 | |||||||||
| Elizabeth A. Milavsky |
7,516,485 | 401,512 | 1,906,523 | |||||||||
There were no abstentions in the election of directors.
| (2) | Approval of the Parke Bancorp, Inc. 2020 Equity Incentive Plan. |
| For | Against | Abstain | Broker Non-Votes | |||
| 7,633,534 |
140,712 | 143,751 | 1,906,523 |
| (3) | Ratification of appointment of RSM US LLP as independent auditors for the fiscal year ending December 31, 2020. |
| For | Against | Abstain | Broker Non-Votes | |||
| 9,729,980 |
86,726 | 7,814 |
| (4) | The approval of the advisory (non-binding) proposal regarding our executive compensation. |
| For | Against | Abstain | Broker Non-Votes | |||
| 7,218,942 |
297,351 | 401,704 | 1,906,523 |
| (5) | That an advisory vote on executive compensation shall occur every one, two or three years. |
| Number of Votes |
Percentage of Votes Cast |
|||||||
| ONE YEAR |
3,393,753 | 44.95 | % | |||||
| TWO YEARS |
519,264 | 6.88 | % | |||||
| THREE YEARS |
3,637,146 | 48.17 | % | |||||
| ABSTAIN |
367,834 | 4.65 | % | |||||
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.
| PARKE BANCORP, INC. | ||||||
| Date: April 22, 2020 | By: | /s/ John F. Hawkins | ||||
| John F. Hawkins Senior Vice President and Chief Financial Officer (Duly Authorized Representative) | ||||||