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BKSC > SEC Filings for BKSC > Form 8-K on 9-Apr-2014All Recent SEC Filings

Show all filings for BANK OF SOUTH CAROLINA CORP



Results of Operations and Financial Condition, Submission of Matters

Item 2.02 Results of Operations and Financial Condition

On April 8, 2014 the Bank of South Carolina Corporation issued a press release announcing its financial results for the quarter ended March 31, 2014. The information contained in the press release is deemed to be "filed" under the Securities Exchange Act of 1934 as Exhibit 99.1 to this report, and such press release is incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Shareholders

On April 8, 2014, there were a total of 4,461,388 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. The following matters were voted upon and approved by the shareholders at the 2014 Annual Meeting.

1. The election of eighteen members to the Board of Directors.

2. The ratification of the appointment of Elliott Davis, LLC as the independent auditor for the fiscal year December 31, 2014

The following is a summary of the voting results for each proposal presented to the shareholders:

As to proposal number one there were 2,668,789 shares represented in person or by proxy, constituting 59.82% of the outstanding shares of the Company voted as follows:

NAME                      FOR    WITHHELD

David W. Bunch         2,664,025  4,764
Graham M. Eubank, Jr.  2,663,825  4,964
Elizabeth M. Hagood    2,661,702  7,087
Fleetwood S. Hassell   2,666,179  2,610
Glen B. Haynes         2,661,279  7,510

William L. Hiott, Jr. 2,664,778 4,011
Katherine M. Huger 2,666,885 1,904
Richard W. Hutson, Jr. 2,662,025 6,764
Charles G. Lane 2,663,725 5,064
Hugh C. Lane, Jr. 2,664,779 4,010
Linda J. Bradley-McKee 2,663,186 5,603
Alan I. Nussbaum       2,658,925  9,864
Edmund Rhett, Jr.      2,662,179  6,610
Malcolm M. Rhodes      2,666,086  2,703
Douglas H. Sass        2,664,686  4,103
David R. Schools       2,660,510  8,279
Sheryl G. Sharry       2,650,034  18,755
Steve D. Swanson       2,665,186  3,603

There were 1,810 shares withheld and 1,203,403 broker non-votes as to proposal number one.

As to Proposal #2 for approval of Elliott Davis, LLC as independent auditors for the Company for the fiscal year ending December 31, 2014, 3,858,837 shares or 86.49% voted in favor, 3,325 shares voted against, and 10,030 abstained. There were no broker non-votes.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following Exhibit is filed as part of this report

Exhibit 99.1 Press release dated April 8, 2014

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