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SVBI > SEC Filings for SVBI > Form 8-K on 30-Apr-2014All Recent SEC Filings

Show all filings for SEVERN BANCORP INC

Form 8-K for SEVERN BANCORP INC


30-Apr-2014

Submission of Matters to a Vote of Security Holders


ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Severn Bancorp, Inc. ("Bancorp") held its Annual Meeting of Shareholders on April 29, 2014, at which time it (a) elected one (1) individual to serve a two-year term as director, (b) elected three (3) individuals to serve a three-year term as directors, (c) ratified the appointment of BDO USA, LLP as Bancorp's independent auditor for the fiscal year ending December 31, 2014, (d) approved a non-binding, advisory proposal on executive compensation, referred to as "say-on-pay," and (e) provided a non-binding vote on whether the say-on-pay vote should occur once every year, every two years or every three years, referred to as "say-on-frequency".

The name of the director who was elected at the Annual Meeting of Shareholders for a two year term is as follows:

Nominee Votes For Votes Withheld Broker Non-Votes Michael H. Cook. 5,141,056 111,703 2,809,065

The names of the directors who were elected at the Annual Meeting of Shareholders for a three year term are as follows:

Nominee Votes For Votes Withheld Broker Non-Votes David S. Jones 5,073,186 179,573 2,809,065 John A. Lamon 5,138,152 114,607 2,809,065 Konrad M. Wayson 5,138,152 114,607 2,809,065

The names of the directors whose terms of office continued after the Annual Meeting of Shareholders are as follows:

Alan J. Hyatt
James H. Johnson, Jr.
Raymond S. Crosby
Eric M. Keitz
Albert W. Shields
Mary Kathleen Sulick

The shareholders of Bancorp ratified the appointment BDO USA, LLP as Bancorp's
independent auditor for the fiscal year ending December 31, 2014 as follows:

                            Votes For     Votes Against    Votes Abstain
        Appointment of      8,011,493         31,941           18,390
        BDO, LLP as
        independent
        auditor


The shareholders of Bancorp approved Bancorp's executive compensation as disclosed in Bancorp's proxy statement as follows:

Votes For Votes Against Votes Abstain Broker Non-Votes Approval of 5,049,296 125,069 78,394 2,809,065 Executive
Compensation

The shareholders of Bancorp voted on the frequency of the say-on-pay vote as follows:

1 Year 2 Years 3 Years Votes Abstain Broker Non-Votes 370,995 483,555 4,312,398 85,811 2,809,065

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