UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

May 14, 2024 

(Date of Report - Date of earliest event reported on)

 

cmtv_8kimg1.jpg

 

Community Bancorp.

(Exact name of Registrant as Specified in its Charter)

 

Vermont

 

000-16435

 

03-0284070

(State of Incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

4811 US Route 5, Derby, Vermont

 

05829

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant's Telephone Number: (802) 334-7915

 

Not Applicable

(Former name, 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 (17CFR 203.425)

☐   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: NONE

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities act of 1933 (§232.405 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 Security Holders

 

The following matters were submitted to a vote of security holders, at the Annual Meeting of Shareholders of Community Bancorp. on May 14, 2024:

 

Proposal 1. To elect five directors to the class whose term will expire at the 2027 annual meeting of shareholders.

 

Proposal 2. To ratify the selection of the independent registered public accounting firm of Berry Dunn as the Company’s external auditor for the fiscal year ending December 31, 2024.

 

As of March 20, 2024, the record date for the Annual Meeting, there were 5,514,431 shares of the Company’s $2.50 par value common stock outstanding, and each share was entitled to one vote on all matters submitted to the shareholders for vote at the meeting.

 

The vote results are as follows:

 

 

 

 

 

 

 

 

 

AUTHORITY

 

 

 

 

 

 

 

 

 

 

 

 

WITHHELD/

 

 

BROKER

 

MATTER

 

FOR

 

 

AGAINST

 

 

ABSTAIN

 

 

NON-VOTE

 

Proposal 1. Election of Incumbent Directors:

 

 

 

 

 

 

 

 

 

 

 

 

Kathryn M. Austin

 

 

2,422,320

 

 

 

N/A

 

 

 

292,310

 

 

 

719,565

 

Bruce L. Baker

 

 

2,189,193

 

 

 

N/A

 

 

 

525,437

 

 

 

719,565

 

David M. Bouffard

 

 

2,295,457

 

 

 

N/A

 

 

 

419,173

 

 

 

719,565

 

Christopher L. Caldwell

Aminta

 

 

2,209,770

 

 

 

N/A

 

 

 

504,860

 

 

 

719,565

 

Aminta K. Conant

 

 

2,300,852

 

 

 

N/A

 

 

 

413,778

 

 

 

719,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proposal 2. Selection of External Auditors:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   BerryDunn

 

 

3,394,980

 

 

 

18,358

 

 

 

20,857

 

 

 

0

 

 

In accordance with section 3.02 of the Company’s Bylaws, each of the directors was elected, having received the affirmative vote of at least a majority of the shares represented at the meeting and entitled to vote.  Proposal 2 was approved, with more votes cast "FOR" than "AGAINST".  

 

 

2

 

 

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.

 

 

COMMUNITY BANCORP.

 

 

 

 

DATED: May 15, 2024

/s/ Kathryn M. Austin

 

 

Kathryn M. Austin, President &

 

 

Chief Executive Officer

 

 

 

3

 

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May 14, 2024
Cover [Abstract]  
Entity Registrant Name Community Bancorp./VT
Entity Central Index Key 0000718413
Document Type 8-K
Amendment Flag false
Entity Emerging Growth Company false
Document Period End Date May 14, 2024
Entity File Number 000-16435
Entity Incorporation State Country Code VT
Entity Tax Identification Number 03-0284070
Entity Address Address Line 1 4811 US Route 5
Entity Address City Or Town Derby
Entity Address State Or Province VT
Entity Address Postal Zip Code 05829
City Area Code 802
Local Phone Number 334-7915
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Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
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