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 16, 2016

 

INTERNATIONAL BANCSHARES CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

(Registrant’s telephone number, including area code)  (956) 722-7611

 

None

(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 (see General Instruction A.2.below);

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 250.13e-4 (c))

 

 

 

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

 

On May 16, 2016, International Bancshares Corporation (the “Company”) held its 2016 Annual Meeting of Shareholders (the “Annual Meeting”), at which the Company submitted the following proposals to its shareholders for a vote:

 

(1)         To elect eleven (11) 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 RSM US LLP, formerly known as McGladrey LLP, as independent auditors for the fiscal year ending December 31, 2016; and

 

(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:

 

										Broker
		For		Against		Withheld		Abstentions		Non-Votes
Election of Directors
Javier De Anda		52,069,716				234,039				9,472,701
Irving Greenblum		48,171,666				4,132,089				9,472,701
R. David Guerra		49,573,708				2,730,047				9,472,701
Douglas B. Howland		51,644,034				659,721				9,472,701
Imelda Navarro		47,164,607				5,139,148				9,472,701
Peggy J. Newman		50,326,538				1,977,217				9,472,701
Dennis E. Nixon		49,136,126				3,167,629				9,472,701
Larry A. Norton		51,643,015				660,740				9,472,701
Roberto R. Resendez		52,061,320				242,435				9,472,701
Leonardo Salinas		50,335,328				1,968,427				9,472,701
Antonio R. Sanchez, Jr.		45,972,073				6,331,682				9,472,701
Ratification of RSM US LLP		58,914,660		241,475				2,137		2,680,988
Non-binding Advisory Resolution on Compensation		51,883,911		393,055				25,968		9,472,701

 

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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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.

 

 

	INTERNATIONAL BANCSHARES CORPORATION
	(Registrant)
	By:	/s/ Dennis E. Nixon
		Dennis E. Nixon, President and
		Chairman of the Board

 

 

Date:  May 18, 2016

 

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