UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
July
15, 2020
(Date
of Report - Date of earliest event reported on)
Community
Bancorp.
(Exact
name of Registrant as Specified in its Charter)
Vermont
|
000-16435
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03-0284070
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(State
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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4811 US
Route 5, Derby, Vermont
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05829
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
Telephone Number: (802) 334-7915
Not Applicable
(Former
name, 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 (17CFR 203.425)
[ ]
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))
Securities
registered pursuant to Section 12(b) of the Act: NONE
Title
of Each Class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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(Not
Applicable)
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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 ( )
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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.
( )
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Item 8.01. Other Events
On July
15, 2020, the Board of Directors of Community Bancorp. (the
“Company”)
(OTCQX: CMTV), the parent company of Community National Bank,
established October 6, 2020 as the date of the Company’s 2020
annual meeting of shareholders (the “2020 Annual Meeting”). The
Company’s annual meeting of shareholders is traditionally
held in May, but was postponed this year due to the COVID-19
outbreak and the Vermont Governor’s stay-at-home order. Also
on July 15 the Board decided to hold the 2020 Annual Meeting
electronically, in a virtual meeting format.
Pursuant
to Securities Exchange Act Rule
14a-5(f), this Report is being filed to inform the shareholders of
the rescheduled meeting date and to provide information regarding
the adjusted deadlines for submission of shareholder proposals
intended to be included in the Company’s proxy statement for
the 2020 Annual Meeting under Securities Exchange Act Rule 14a-8,
and shareholder proposals submitted outside the Rule 14a-8
process.
Because the 2020 Annual Meeting will be held more than thirty (30)
days after the anniversary date of the Company’s 2019 annual
meeting of shareholders, in accordance with Rule 14a-8, the
deadline for receipt of shareholder proposals intended to be
included in the Company’s proxy statement for the 2020 Annual
Meeting has been extended to July 30, 2020, which the Company
believes to be a reasonable time prior to mailing the proxy
materials for the 2020 Annual Meeting. Any such proposals must
comply with the requirements of Rule 14a-8 and the interpretations
of the Rule, and may be omitted from the 2020 proxy statement if
not in compliance with applicable requirements.
Additionally,
the Company
has extended the deadline contained in Section 2.13 of the
Company’s Bylaws for submitting advance notice of the
nomination of a candidate for election to the Board and any
non-Rule 14a-8 shareholder proposal to July 27, 2020. Any such
notice must be received by July 27 2020 and otherwise comply with
the applicable advance notice provisions set forth in Section 2.13
of the Company’s Bylaws in order to be considered at the 2020
Annual Meeting. A copy of the
Company’s Bylaws is filed with the Securities and Exchange
Commission as Exhibit 3(iii) to the Company’s Current Report
on Form 8-K filed on March 14, 2013. Shareholders are urged to read
the complete text of the Bylaws.
Any shareholder proposals, whether submitted pursuant to Section
2.13 of the Company’s Bylaws or pursuant to Exchange Act Rule
14a-8, must be timely directed to: Corporate Secretary, Community
Bancorp., 4811 US Route 5, Newport, VT 05855.
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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.
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COMMUNITY
BANCORP.
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DATED:
July 15, 2020
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/s/
Kathryn M. Austin
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Kathryn
M. Austin, President &
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Chief
Executive Officer
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