Current Report Filing (8-k)
May 29 2018 - 3:05PM
Edgar (US Regulatory)
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 24, 2018
Southern
National Bancorp of Virginia, Inc.
(Exact name of registrant as specified in
its charter)
Virginia
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001-33037
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20-1417448
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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6830 Old Dominion Drive
McLean, Virginia 22101
(Address of Principal Executive Offices) (Zip Code)
(703) 893-7400
(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:
¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2). 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 5.07
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Submission of Matters to a Vote of Security Holders.
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On May 24, 2018, Southern
National Bancorp of Virginia, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders (the “Annual
Meeting”). Of the 24,030,653 shares of common stock of the Company outstanding as of the record date for the Annual Meeting,
20,397,052 shares were present at the meeting in person or by proxy. The final results of each of the proposals voted on by the
Company’s stockholders are described below:
Proposal One – Elect Directors
:
To re-elect: (i) two Class I directors to serve on the Board of Directors (the “Board”) until the Company’s 2019
Annual Meeting of Stockholders; (ii) three Class II directors to serve on the Board until the Company’s 2020 Annual Meeting
of Stockholders; and (iii) three Class III directors to serve on the Board until the Company’s 2021 Annual Meeting of Stockholders.
The vote for each director is as set forth below.
Nominee
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Votes For
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Votes Withheld
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Broker Non-Votes
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John F. Biagas
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16,328,779
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159,227
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3,909,046
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F.L. Garrett, III
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16,325,428
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162,578
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3,909,046
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W. Rand Cook
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15,874,587
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613,419
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3,909,046
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Eric A. Johnson
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16,344,776
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143,230
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3,909,046
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Joe A. Shearin
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16,258,881
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229,125
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3,909,046
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Georgia S. Derrico
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15,965,114
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522,892
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3,909,046
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Charles A. Kabbash
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15,515,965
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972,041
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3,909,046
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Robert Y. Clagett
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16,280,791
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207,215
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3,909,046
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The eight nominees
were each elected to the board by a plurality of the votes cast, as required by the Company’s bylaws.
Proposal Two – Ratification
of Auditors
:
To ratify the appointment of Dixon Hughes Goodman LLP as the independent registered public accounting firm
for the Company for the fiscal year ending December 31, 2018.
Votes For
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Votes Against
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Abstentions
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20,313,079
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56,396
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27,577
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The vote required to
approve this proposal was the affirmative vote of a majority of the shares of common stock present in person or represented by
proxy at the Annual Meeting and entitled to vote. Accordingly, this proposal was approved.
Proposal Three – Advisory (Non-binding)
Vote to Approve Compensation of Named Executive Officers
:
To hold an advisory vote to approve, on a non-binding basis,
the compensation of the Company’s named executive officers as disclosed in the Company’s proxy statement.
Votes For
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Votes Against
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Broker Non-Votes
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Abstentions
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11,999,261
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3,863,751
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3,909,046
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624,994
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The vote required to
approve this proposal was the affirmative vote of a majority of the shares of common stock present in person or represented by
proxy at the Annual Meeting and entitled to vote. Accordingly, this proposal was approved.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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SOUTHERN NATIONAL BANCORP OF VIRGINIA, INC.
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By:
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/s/ Joe A. Shearin
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May 29, 2018
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Joe A. Shearin
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Chief Executive Officer
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