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UNTY > SEC Filings for UNTY > Form 8-K on 26-Apr-2013All Recent SEC Filings

Show all filings for UNITY BANCORP INC /NJ/ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for UNITY BANCORP INC /NJ/


26-Apr-2013

Submission of Matters to a Vote of Security Holders


Item 5.07 Submission of Matters to a Vote of Security Holders

Clinton, NJ - Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, held its Annual Meeting of Shareholders on April 25, 2013. A total of 6,420,199 of the Company's shares were present or represented by proxy at the meeting. The Company's shareholders took the following action:

Proposal #1: Election of Directors

The following three directors were nominated to serve for three-year terms expiring at the Company's Annual Meeting in 2016. Results of the election are as follows:

                              Number of Votes
     Name            For       Withheld   Broker Non-vote
Mary E. Gross     3,655,920     76,691         2,687,588
James A. Hughes   3,224,275    508,336         2,687,588
Allen Tucker      3,604,527    128,084         2,687,588

Proposal #2: Advisory Vote on Executive Pay-for-Performance Compensation

Under the American Recovery and Reinvestment Act, companies that participate in any assistance programs administered by the United States Department of the Treasury, including the Capital Purchase Program ("CPP"), are required to provide shareholders the opportunity to vote on a non-binding advisory proposal to approve the compensation of executives. The Company closed an investment with the U.S. Treasury under the CPP on December 5, 2008. Accordingly, the Company's shareholders are entitled to cast a non-binding advisory vote on the compensation of the Company's executive officers. Results of the election are as follows:

Number of Votes
For Against Abstain Broker Non-vote 3,573,232 121,841 37,538 2,687,588

Proposal #3: The Ratification of the Selection of McGladrey LLP, as the Company's Independent External Auditors for the Year Ending December 31, 2013

The Audit Committee has appointed the firm of McGladrey LLP, to act as our independent registered public accounting firm and to audit our consolidated financial statements for the fiscal year ending December 31, 2013. This appointment will continue at the pleasure of the Audit Committee and is presented to the stockholders for ratification as a matter of good governance. Results of the election are as follows:

Number of Votes
For Against Abstain Broker Non-vote 6,317,106 95,843 7,250 -


Proposal #4: The Approval of the Unity Bancorp, Inc. 2013 Stock Bonus Plan

The 2013 Stock Bonus Plan authorizes the granting of up to 250,000 shares of the Company's Common Stock to directors, officers and employees of the Company, the Bank, and of any subsidiaries that he Company may acquire or form. Results of the election are as follows:

Number of Votes
For Against Abstain Broker Non-vote 3,475,979 222,398 34,234 2,687,588


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