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MCBI > SEC Filings for MCBI > Form 8-K on 17-Dec-2013All Recent SEC Filings

Show all filings for METROCORP BANCSHARES, INC.



Submission of Matters to a Vote of Security Holders

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

On December 16, 2013, MetroCorp Bancshares, Inc. (the "Company") held a special meeting of shareholders (the "Special Meeting") with respect to certain proposals relating to the Agreement and Plan of Merger with East West Bancorp, Inc., a Delaware corporation ("East West"), pursuant to which the Company will be merged with and into East West, with East West surviving the merger (the "Merger"). A total of 12,957,964 shares of the Company's common stock were present or represented by proxy at the Special Meeting, representing approximately 69.3% of all the votes entitled to be cast at the Special Meeting. Each of the proposals listed below is more fully described in the Company's proxy statement dated as of November 8, 2013 and filed with the Securities and Exchange Commission. The matters submitted for a vote and the related results are as follows:

Proposal 1 - Adoption of the Agreement and Plan of Merger, dated as of September 18, 2013, by and between East West and the Company (the "Merger Proposal").

                                  Votes                   Broker
                    Votes For    Against   Abstentions   Non-Votes
                    12,939,521    2,059        -          16,384

Proposal 2 - Approval, on an advisory (non-binding) basis, of specified compensation that may become payable to the named executive officers of the Company in connection with the Merger.

                                  Votes                   Broker
                    Votes For    Against   Abstentions   Non-Votes
                    12,760,365   176,547       -          21,052

Proposal 3 - Approval of one or more adjournments of the Special Meeting, if necessary or appropriate, including adjournments to permit further solicitation of proxies in favor of the Merger Proposal.

                                  Votes                   Broker
                    Votes For    Against   Abstentions   Non-Votes
                    12,270,051   671,318       211        16,384

Pursuant to the foregoing votes, Proposals 1, 2 and 3 were approved.

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