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IBOC > SEC Filings for IBOC > Form 8-K on 21-May-2014All Recent SEC Filings




Submission of Matters to a Vote of Security Holders

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

On May 19, 2014, International Bancshares Corporation (the "Company") held its 2014 Annual Meeting of Shareholders (the "Annual Meeting"), at which the Company submitted the following proposals to its shareholders for a vote:

(1) To elect nine (9) directors of the Company to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified;

(2) To ratify the appointment of McGladrey LLP as independent auditors for the fiscal year ending December 31, 2014;

(3) To consider and approve a non-binding advisory resolution to approve the compensation of the Company's named executives as described in the Compensation, Discussion and Analysis and the tabular disclosure regarding named executive officer compensation in the Proxy Statement;

The following table lists the final voting results for Proposals 1, 2 and 3 at the Annual Meeting:

                                    For        Against      Withheld     Abstentions    Non-Votes
Election of Directors

Irving Greenblum                 49,005,893                 3,727,998                   10,447,651
R. David Guerra                  41,671,963                11,061,928                   10,447,651
Douglas B. Howland               51,952,970                   780,921                   10,447,651
Imelda Navarro                   39,265,293                13,468,598                   10,447,651
Peggy J. Newman                  49,023,241                 3,710,650                   10,447,651
Dennis E. Nixon                  43,957,319                 8,776,572                   10,447,651
Larry A. Norton                  51,951,953                   781,938                   10,447,651
Leonardo Salinas                 46,025,663                 6,708,228                   10,447,651
Antonio R. Sanchez, Jr.          41,420,425                11,313,466                   10,447,651

Ratification of McGladrey LLP    60,018,895      36,982                        6,749     3,118,916

Non-binding Advisory
Resolution on Compensation       52,386,266     162,271                      185,352    10,447,651

Based on the foregoing results, each director nominee was elected by a majority vote standard, which is the voting standard required by the Company's Articles of Incorporation for uncontested director elections. Proposal 2 and 3 were approved by majority vote.

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