Form 8-K - Current report
May 20 2024 - 3:58PM
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2024-05-20
2024-05-20
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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 20, 2024
TERRITORIAL BANCORP INC.
(Exact Name of Registrant as Specified in its Charter)
Maryland |
1-34403 |
26-4674701 |
(State
or Other Jurisdiction
Incorporation) |
(Commission File No.) |
(I.R.S. Employer of
Identification No.) |
1003
Bishop Street,
Suite 500, Honolulu,
Hawaii |
|
96813 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone
number, including area code: (808) 946-1400
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form
8-K 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 |
|
TBNK |
|
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 5.07 | Submission of Matters to a Vote of Securities Holders |
The Company’s Annual
Meeting of Stockholders was held on May 16, 2024. The matters considered and voted on by the Company’s stockholders at the
Annual Meeting were as follows:
Proposal 1: The election of two directors each
to serve for a three-year term.
Nominee | |
Shares Voted For | | |
Shares Withheld | | |
Broker Non-Votes | |
Allan S. Kitagawa | |
| 5,477,962 | | |
| 354,132 | | |
0 | |
John M. Ohama | |
| 5,031,001 | | |
| 801,093 | | |
0 | |
Proposal 2: The ratification of appointment
of Moss Adams LLP as the Company’s Independent Registered Public Accounting Firm for the year ending December 31, 2024.
Shares Voted For | |
Shares Voted Against | | |
Abstentions | | |
Broker Non-Votes | |
6,585,797 | |
| 265,890 | | |
| 46,143 | | |
0 | |
Proposal 3: The approval of an advisory (non-binding)
resolution to approve the Company’s executive compensation as described in the proxy statement.
Shares Voted For | |
Shares Voted Against | | |
Abstentions | | |
Broker Non-Votes | |
4,801,554 | |
| 877,032 | | |
| 153,508 | | |
0 | |
On May 16, 2024, the
Company issued a press release announcing the results of the Annual Meeting. A copy of the press release is filed as Exhibit 99 to
this Current Report.
Item 9.01 |
Financial Statements and Exhibits |
SIGNATURES
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.
|
Territorial Bancorp Inc. |
|
|
DATE: May 20, 2024 |
By: |
/s/ Vernon Hirata |
|
|
Vernon Hirata |
|
|
Vice Chairman, Co-Chief Operating Officer and Secretary |
Exhibit 99
PRESS RELEASE
FOR IMMEDIATE RELEASE
(808) 946-1400
Territorial Bancorp Inc.
Announces Results of Annual Meeting
Honolulu, Hawaii, May 16, 2024 - Territorial
Bancorp Inc., (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial
Savings Bank, announces the results of its 2024 Annual Meeting of Stockholders held on May 16, 2024.
Two members of the Board of Directors, Allan S.
Kitagawa and John M. Ohama were each elected to serve for a three-year term. Stockholders also ratified the appointment of Moss Adams
LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024, and approved the
Company’s compensation of named executive officers on an advisory basis.
Territorial Savings Bank is a state chartered savings
bank that was originally chartered in 1921 by the Territory of Hawaii. Territorial Savings Bank conducts business from its headquarters
in Honolulu, Hawaii and has 28 branch offices in the State of Hawaii.
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