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): December 4, 2012

 

 

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”) convened its 2012 Annual Shareholders’ Meeting (the “Annual Meeting”) on December 4, 2012. A total of 13,824,697 shares of the Company’s Common Stock were entitled to vote as of October 25, 2012, the record date for the Annual Meeting. There were 7,665,581 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 2015. The three directors elected to serve the three year terms were Joe Carter, Harold Lynn Keene, and Fred W. Meade. The results of the vote were as follows:

 

Nominees

    Votes FOR      Votes Withheld      Broker Non-Votes  

Joe Carter

      6,885,003         675,923         104,655   

Harold Lynn Keene

      6,886,882         674,044         104,655   

Fred W. Meade

      6,881,819         679,107         104,655   

 

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
6,567,487    309,323    684,366    104,655

 

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, 2012. The results of the vote follow:

 

Votes FOR    Votes AGAINST    Votes ABSTAIN
7,060,728    28,121    576,732

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: December 7, 2012    

/S/ C. Todd Asbury

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