Form 8-K - Current report
May 29 2024 - 4:01PM
Edgar (US Regulatory)
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0001070296
0001070296
2024-05-22
2024-05-22
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
May 22, 2024
First Capital, Inc.
(Exact
Name of Registrant as Specified in its Charter)
Indiana |
|
0-25023 |
|
35-2056949 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
220 Federal Drive N.W., Corydon, Indiana 47112
(Address of Principal Executive Offices) (Zip
Code)
(812)
738-2198
(Registrant’s Telephone Number, Including
Area Code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common
Stock, par value $0.01 per share |
|
FCAP |
|
The
NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ¨
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 22, 2024, the Board of Directors (the “Board”) of
First Capital, Inc. (the “Company”) accepted the resignation of Michael L. Shireman from the Board. Mr. Shireman’s term
as a director was set to end at the 2025 annual meeting of the shareholders. Mr. Shireman did not advise the Company of any disagreement
with the Company on any matter relating to its operations, polcies or practices. The Company thanks Mr. Shireman for his commitment and
service to the Company.
The Board appointed John Shireman to the Company’s Board to fill
the vacancy created by Mr. Shireman’s departure.
Mr. John Shireman is a Regional VP of Operations for Ascendance Truck
Centers, an International Truck Dealership with 37 locations throughout the Midwest. He is 51 years old. John has worked closely
with key executives at International Truck for over three decades and has served on International’s Product and Systems Advisory
Boards. He has owned and operated an International Truck dealership with over 130 employees. He works closely with commercial
customers in the Southern Indiana community and enjoys coaching and mentoring his local employee base. He holds a Bachelor of Business
and Communications from Bellarmine University. His operational, ownership, and managerial background will provide the Board with unique
insights as trucking is an excellent barometer of economic health.
There are no arrangements or understandings between Mr. John Shireman
and any other person pursuant to which he was selected as a director and there are no related party transactions between the Company and
Mr. John Shireman that would require disclosure under Item 404(a) of Regulation S-K.
Mr. John Shireman will receive the standard compensation, a portion
of which will be pro-rated to reflect the actual time he will serve on the Company’s Board this year, paid by the Company to its
directors.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Shareholders
on May 22, 2024. Matters voted upon were: (1) election of four directors of one class of the Board to serve for three years
and until the election and qualification of their successors; (2) ratification of the appointment of Crowe LLP as the independent
registered public accounting firm of the Company for the fiscal year ending December 31, 2024; and (3) approval of a non-binding
advisory vote on executive compensation. Voting results are, when applicable, reported by rounding fractional share voting up or down
to the nearest round number. The final number of votes cast for or against, as well as the number of abstentions and broker non-votes,
with respect to each matter are set forth below:
|
1. |
Election of four members of one class of the Company’s Board to serve for three years and until the election and qualification of their successors: |
Director Nominee |
|
For |
|
Against |
|
Abstentions |
|
Broker Non-Votes |
Kathyrn W. Ernstberger |
|
1,237,201 |
|
132,324 |
|
3,714 |
|
1,070,621 |
William I. Orwick, Sr. |
|
1,237,124 |
|
117,873 |
|
18,243 |
|
1,070,621 |
Jill S. Saegesser |
|
1,276,483 |
|
91,229 |
|
5,527 |
|
1,070,621 |
Carolyn E. Wallace |
|
1,246,721 |
|
91,485 |
|
35,033 |
|
1,070,621 |
|
2. |
Ratification of the appointment of Crowe LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024. |
For |
|
Against |
|
Abstentions |
|
Broker Non-Votes |
2,350,768 |
|
58,578 |
|
34,515 |
|
N/A |
|
3. |
A non-binding advisory vote on the resolution to approve executive compensation. |
For |
|
Against |
|
Abstentions |
|
Broker Non-Votes |
1,226,019 |
|
68,638 |
|
78,583 |
|
1,070,621 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
FIRST CAPITAL, INC. |
|
|
|
Date: May 29, 2024 |
By: |
/s/ Joshua P. Stevens |
|
|
Name: |
Joshua P. Stevens |
|
|
Title: |
Chief Financial Officer |
v3.24.1.1.u2
Cover
|
May 22, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
May 22, 2024
|
Entity File Number |
0-25023
|
Entity Registrant Name |
First Capital, Inc.
|
Entity Central Index Key |
0001070296
|
Entity Tax Identification Number |
35-2056949
|
Entity Incorporation, State or Country Code |
IN
|
Entity Address, Address Line One |
220 Federal Drive N.W.,
|
Entity Address, City or Town |
Corydon
|
Entity Address, State or Province |
IN
|
Entity Address, Postal Zip Code |
47112
|
City Area Code |
812
|
Local Phone Number |
738-2198
|
Written Communications |
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|
Title of 12(b) Security |
Common
Stock, par value $0.01 per share
|
Trading Symbol |
FCAP
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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