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| SAL > SEC Filings for SAL > Form 8-K on 29-May-2009 | All Recent SEC Filings |
29-May-2009
Other Events
A. Annual Meeting of Shareholders of Salisbury Bancorp, Inc.
The Annual Meeting of Shareholders of Salisbury Bancorp, Inc. (the "Company"), the holding company for Salisbury Bank and Trust Company (the "Bank") was held on Wednesday, May 27, 2009. Shareholders voted on the election of directors, the ratification of the appointment of independent auditors and the non-binding advisory vote on the compensation of named executive officers.
The results of the votes of shareholders regarding each proposal are set forth below:
PROPOSAL 1
ELECTION OF DIRECTORS
Each of the three nominees received in excess of a plurality of the votes
cast at the meeting and were elected to serve until their term expires or their
successors are elected and qualified.
The vote for electing nominees as directors was as follows:
Withholding
For Authority
John R. H. Blum Number of Shares: 1,313,082 37,956
--------- ----------
Percentage of
Shares Voted: 97.2% 2.8%
--------- ----------
Percentage of Shares
Entitled to Vote: 77.8% 2.3%
--------- ----------
Withholding
For Authority
Holly J. Nelson Number of Shares: 1,320,229 30,809
--------- ----------
Percentage of
Shares Voted: 97.7% 2.3%
--------- ----------
Percentage of Shares
Entitled to Vote: 78.3% 1.8%
--------- ----------
Withholding
For Authority
John F. Perotti Number of Shares: 1,318,547 32,491
--------- ----------
Percentage of
Shares Voted: 97.6% 2.4%
--------- ----------
Percentage of Shares
Entitled to Vote: 78.2% 1.9%
--------- ----------
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The appointment of Shatswell, MacLeod & Company, P.C. as independent auditors for the Company for the year ending December 31, 2009 was approved because the votes for such appointment exceeded the votes against such appointment.
The vote to ratify the appointment of Shatswell, MacLeod & Company, P.C. as independent auditors for the Company for the year ending December 31, 2009 was as follows:
For Against Abstain
Number of Shares: 1,345,599 1,815 3,624
--------- ----------- -----------
Percentage of Shares Voted: 99.6% .1% .3%
--------- ----------- -----------
Percentage of Shares
Entitled to Vote: 79.8% .1% .2%
--------- ----------- -----------
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PROPOSAL 3
NON-BINDING ADVISORY VOTE ON THE COMPENSATION
OF NAMED EXECUTIVE OFFICERS
The vote to approve the non-binding advisory vote on the compensation
of named executive officers was as follows:
For Against Abstain
Number of Shares: 1,225,675 56,220 69,143
--------- ----------- -----------
Percentage of Shares Voted: 90.7% 4.2% 5.1%
--------- ----------- -----------
Percentage of Shares
Entitled to Vote: 72.7% 3.3% 4.1%
--------- ----------- ----------
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