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27-Jan-2012
Results of Operations and Financial Condition, Amendments to Articles
On January 27, 2012, Home Federal Bancorp, Inc. ("Company"), the holding company for Home Federal Bank, issued its earnings release for the quarter ended December 31, 2011. A copy of the earnings release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
(b) On January 24, 2012, the Company's Board of Directors determined to change the Company's fiscal year end from September 30 to December 31. This change will go into effect immediately and the Company will file a Form 10-QT for the period ended December 31, 2011.
The Company held its Annual Meeting of Stockholders on Tuesday, January 24, 2012, in Meridian, Idaho. The results of the vote for the four items presented at the meeting were as follows:
1. Election of Directors:
Stockholders elected the following nominees to the Board of Directors for a three-year term ending 2015 by the following vote:
For Against Broker Non-Votes
Number Number Number
of Votes Percentage of Votes Percentage of Votes Percentage
Daniel L. Stevens 13,735,571 95.7 % 612,909 4.3 % 1,140,556 N/A
Richard J. Navarro 13,636,513 95.0 711,967 5.0 1,140,556 N/A
Brad J. Little 13,686,484 95.4 661,996 4.6 1,140,556 N/A
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The following directors, who were not up for re-election at the Annual Meeting of Stockholders, will continue to serve as directors: James R. Stamey, Robert A. Tinstman, N. Charles Hedemark and Len E. Williams.
2. Advisory (Non-Binding) Vote on Executive Compensation:
Stockholders approved the executive compensation by the following vote:
Number
of Votes Percentage
For 14,012,093 97.6 %
Against 311,772 2.2
Abstain 24,615 0.2
Broker Non-Vote 1,140,556 N/A
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3. Advisory (Non-Binding) Vote on the Frequency of Future Advisory Votes on Executive Compensation:
Stockholders approved an advisory vote on executive compensation to be held annually by the following vote:
Number
of Votes Percentage
One Year 11,752,631 81.9 %
Two Years 50,958 0.4
Three Years 2,507,828 17.4
Abstain 37,063 0.3
Broker Non-Vote 1,140,556 N/A
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4. Ratification of Appointment of Independent Registered Public Accounting Firm:
Stockholders ratified the appointment of Crowe Horwath LLP as the Company's independent registered public accounting firm for the 2012 fiscal year by the following vote:
Number
of Votes Percentage
For 15,393,648 99.4 %
Against 20,672 0.1
Abstain 74,716 0.5
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The Company posted its annual meeting presentation on the Company's website, www.myhomefed.com/ir.
(d) Exhibits.
The following exhibits are being furnished herewith and this list shall constitute the exhibit index:
99.1 Press release of Home Federal Bancorp, Inc. dated January 27, 2012
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