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 23, 2020
WEST BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)
Iowa | 0-49677 | 42-1230603 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
1601 22nd Street, West Des Moines, Iowa 50266
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 515-222-2300
Not Applicable
(Former name or former address, if changed since last report)
Securities registered or to be 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, no par value | WTBA | The Nasdaq Global Select Market |
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:
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 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 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 pursuant to Section13(a) of the Exchange Act. o
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company's Annual Meeting was held on April 23, 2020. The record date for determination of shareholders entitled to vote at the Annual Meeting was February 14, 2020. There were 16,379,752 shares of common stock outstanding as of that date, with each such share being entitled to one vote. At the Annual Meeting, the holders of 13,690,200 shares, or approximately 83.6 percent of the outstanding shares, were represented in person or by proxy, which constituted a quorum for the Annual Meeting. The following proposals were voted on at the Annual Meeting:
Proposal 1 - Election of Directors
Twelve directors were elected to serve for a one year term or until their successors are elected and qualified. The voting results to elect each director were as follows:
For | Withheld | Broker Non-Votes | ||||||
Patrick J. Donovan | 9,190,786 | 73,655 | 4,425,759 | |||||
Steven K. Gaer | 9,154,597 | 109,844 | 4,425,759 | |||||
Michael J. Gerdin | 9,156,682 | 107,759 | 4,425,759 | |||||
Sean P. McMurray | 9,156,704 | 107,737 | 4,425,759 | |||||
David R. Milligan | 8,598,838 | 665,603 | 4,425,759 | |||||
George D. Milligan | 8,486,884 | 777,557 | 4,425,759 | |||||
David D. Nelson | 9,189,077 | 75,364 | 4,425,759 | |||||
James W. Noyce | 8,622,843 | 641,598 | 4,425,759 | |||||
Lou Ann Sandburg | 9,194,357 | 70,084 | 4,425,759 | |||||
Steven T. Schuler | 9,192,597 | 71,844 | 4,425,759 | |||||
Therese M. Vaughan | 9,059,134 | 205,307 | 4,425,759 | |||||
Philip Jason Worth | 9,199,532 | 64,909 | 4,425,759 | |||||
Proposal 2 - Approval, on a nonbinding basis, of the 2019 executive compensation disclosed in the Company's definitive proxy statement, which was filed on February 27, 2020.
The voting results to approve the above proposal were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||
Approval of 2019 executive compensation | 8,601,294 | 380,030 | 283,117 | 4,425,759 | |||||||
Proposal 3 - Ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2020.
The voting results to ratify the above proposal were as follows:
For | Against | Abstain | Broker Non-Votes | ||||||||
Ratification of RSM US LLP | 13,528,406 | 144,155 | 17,639 | — | |||||||
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.
West Bancorporation, Inc. | ||
April 24, 2020 | By: | /s/ Douglas R. Gulling |
Name: Douglas R. Gulling | ||
Title: Executive Vice President, Treasurer and Chief Financial Officer | ||