f8k_042512.htm
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):  April 23, 2012
 
First Citizens BancShares, Inc.
(Exact name of registrant as specified in its charter)

Delaware
001-16715
56-1528994
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
   
4300 Six Forks Road
Raleigh, North Carolina
27609
(Address of principal executive offices)
(Zip Code)
 
Registrant’s telephone number, including area code:   (919) 716-7000
 
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:
 
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 240.13e-4(c))
 
 
 
 
Item 5.07. Submission of Matters to a Vote of Security Holders.

The 2012 annual meeting of shareholders of First Citizens BancShares, Inc. (“BancShares”) was held on April 23, 2012.  At the meeting, the shareholders:
 
 
●
voted on the election of 14 directors for terms of one year each;
 
●
voted on a non-binding, advisory “say-on-pay” resolution to approve compensation paid or provided to BancShares’ executive officers as disclosed in the proxy statement for the annual meeting;
 
●
voted on a proposal to ratify the appointment of Dixon Hughes Goodman LLP as BancShares’ independent public accountants for 2012; and
 
●
voted on a shareholder proposal regarding cumulative voting in the election of directors.

The following tables describe the final results of the voting at the annual meeting.

Election of Directors

 
 
    Name of Nominee    
  
Votes Cast
 "For"
    
Votes
"Withheld"
    
Broker
Nonvotes
  
John M. Alexander, Jr.
     30,474,790       395,017       1,960,821  
Carmen Holding Ames
     30,801,253       68,554       1,960,821  
Victor E. Bell III
     30,493,467       376,340       1,960,821  
Hope Holding Connell
     30,747,861       121,946       1,960,821  
Hubert M. Craig III
     30,477,725       392,082       1,960,821  
H. Lee Durham, Jr.
     30,493,244       376,583       1,960,821  
Daniel L. Heavner
     30,820,923       48,884       1,960,821  
Frank B. Holding
     30,745,700       124,107       1,960,821  
Frank B. Holding, Jr.
     30,752,761       117,046       1,960,821  
Lucius S. Jones
     30,806,188       63,619       1,960,821  
Robert E. Mason IV
     30,820,946       48,861       1,960,821  
Robert T. Newcomb
     30,644,377       225,430       1,960,821  
James M. Parker
     30,732,213       137,594       1,960,821  
Ralph K. Shelton
     30,820,953       48,854       1,960,821  


“Say-on-Pay” Vote

Description of
                   Matter Voted On                   
  
Votes Cast
 "For"
    
Votes Cast
"Against"
    
Abstained
    
Broker
Nonvotes
  
Non-binding, advisory resolution to approve compensation paid or provided to executive officers as disclosed in the annual meeting proxy statement
     30,556,524       160,114       153,188       1,960,802  


Ratification of Appointment of Independent Accountants

Description of
                   Matter Voted On                   
  
Votes Cast
 "For"
    
Votes Cast
"Against"
    
Abstained
    
Broker
Nonvotes
  
Ratification of the appointment of independent accountants
     32,795,787       28,154       6,687       0  


Shareholder Proposal on Cumulative Voting in Election of Directors

Description of
                   Matter Voted On                   
  
Votes Cast
 "For"
    
Votes Cast
"Against"
    
Abstained
    
Broker
Nonvotes
  
Shareholder proposal regarding cumulative voting in the election of directors
     3,105,921       27,278,768       485,136       1,960,803  


 
 
 
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.

First Citizens BancShares, Inc.
(Registrant)


Date:April 25, 2012                                           By:     /s/ KENNETH A. BLACK 
Kenneth A. Black
Chief Financial Officer