Form 8-K

 

 

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, 2014

 

 

New Peoples Bankshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

VIRGINIA   000-33411   31-1804543

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

67 Commerce Drive

Honaker, Virginia 24260

(Address of principal offices, including zip code)

(276) 873-7000

(Registrant’s telephone number, including area code)

n/a

(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):

 

  ¨ 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))

 

 

 

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

New Peoples Bankshares, Inc. (the “Company”) held its 2014 Annual Shareholders’ Meeting (the “Annual Meeting”) on May 20, 2014. A total of 21,872,293 shares of the Company’s Common Stock were entitled to vote as of March 31, 2014, the record date for the Annual Meeting. There were 11,873,915 shares present at the Annual Meeting in person or by proxy, and the shareholders voted on three proposals.

 

Proposal 1: Election of Directors

The shareholders elected three directors to serve three year terms expiring in 2017. The three directors elected to serve the three year terms were John D. Cox, Charles H. Gent, Jr., and Eugene S. Hearl. The results of the vote were as follows:

 

Nominees

    Votes FOR      Votes Withheld      Broker Non-Votes  

John D. Cox

      11,558,193         92,074         223,648   

Charles H. Gent, Jr.

      11,552,005         98,262         223,648   

Eugene S. Hearl

      11,484,857         165,410         223,648   

 

Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation

The shareholders approved a non-binding advisory vote to approve the compensation of the Company’s named executive officers. The results of the vote follow:

 

Votes FOR

  

Votes AGAINST

  

Votes ABSTAIN

  

Broker Non-Votes

11,307,654   204,157   138,456   223,648

 

Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm

The shareholders voted to ratify the Company’s Audit Committee of the Board of Directors’ appointment of Elliott Davis, LLC to serve as its independent registered public accounting firm for the year ending December 31, 2014. The results of the vote follow:

 

Votes FOR

  

Votes AGAINST

  

Votes ABSTAIN

11,797,922   31,183   44,810

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.

 

    New Peoples Bankshares, Inc.
Date: May 21, 2014    

/S/ C. Todd Asbury

    C. Todd Asbury
    Executive Vice President and Chief Financial Officer and Secretary