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CSBQ > SEC Filings for CSBQ > Form 8-K on 1-May-2013All Recent SEC Filings

Show all filings for CORNERSTONE BANCSHARES INC | Request a Trial to NEW EDGAR Online Pro



Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders.

The 2013 annual meeting of the shareholders (the "meeting") of Cornerstone Bancshares, Inc. (the "Company") was held on April 25, 2013. The final voting results for each of the proposals submitted for vote by the shareholders are set forth below.

Proposal 1 - Election of directors for a term of one year each, as follows:

                                 Votes For         Votes Against       Abstentions      Broker Non-Votes
B. Kenneth Driver               3,214,750.5402        71,987.5495       15,198.4373        1,713,192.0000
Karl Fillauer                   3,229,125.7986        64,582.0130        8,228.7154        1,713,192.0000
David G. Fussell                3,153,080.5402       129,543.1918       19,312.7950        1,713,192.0000
Nathaniel F. Hughes             3,224,630.1989        69,077.6127        8,228.7154        1,713,192.0000
Lawrence D. Levine              3,163,301.6198       130,406.1918        8,228.7154        1,713,192.0000
Frank S. McDonald               3,215,645.7256        76,062.0860       10,228.7154        1,713,192.0000
Doyce G. Payne, M.D.            3,206,733.6460        78,004.4437       17,198.4373        1,713,192.0000
Wesley M. Welborn               3,117,759.4483       164,864.2837       19,312.7950        1,713,192.0000
Billy O. Wiggins                3,224,181.6120        58,442.1200       19,312.7950        1,713,192.0000
Marsha Yessick                  2,979,875.5228       225,430.7775       96,630.2267        1,713,192.0000

Proposal 2 - Advisory vote on the Company's Executive Compensation for its named executive officers ("say-on pay").

Votes For Votes Against Abstentions Broker Non-Votes 3,010,359.3128 202,616.4479 88,960.7663 1,713,192.0000

Proposal 3 - Advisory vote on the frequency of future advisory say-on-pay votes.

One Year Two Year Three Year Abstentions Broker Non-Votes 1,238,435.6140 211,158.0792 1,770,792.3959 81,550.4379 1,713,192.0000

In light of the above voting results and consistent with its recommendation to shareholders on this item, the Board of Directors of the Company has determined that the Company will hold future advisory votes on executive compensation every third year.

Proposal 4 - Ratification of appointment of Hazlett, Lewis & Bieter, PLLC to serve as independent registered public accountants of the Company for 2013.

Votes For Votes Against Abstentions Broker Non-Votes 4,897,858.0433 18,465.0000 98,805.4837 0.0000


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