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): November 14, 2019
OCONEE FEDERAL FINANCIAL CORP.
(Exact name of Registrant as specified in its charter)
Federal (State or Other Jurisdiction of Incorporation) |
001-35033 (Commission File Number) |
32-0330122 (I.R.S. Employer Identification No.) |
201 East North Second Street, Seneca, South Carolina 29678
(Address of principal executive offices)
(864) 882-2765
Registrant's telephone number, including area code
Not Applicable
(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: | |
| ☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 par value per share | OFED | The Nasdaq Stock Market, LLC. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 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. |
On November 14, 2019, Oconee Federal Financial Corp. (the “Company”) held its Annual Meeting of Stockholders. At the Annual Meeting, stockholders considered the election of directors, a non-binding resolution with respect to the Company’s executive compensation, the ratification of the independent registered public accounting firm, and a non-binding proposal with respect to the frequency that stockholders will vote on executive compensation. A breakdown of the votes cast is set forth below.
| 1. | The election of Directors. |
For |
Withheld |
Broker Non-Votes | ||||
| Harry B. Mays, Jr. | 5,136,794 | 9,748 | 349,694 | |||
| Cecil T. Sandifer, Jr. | 5,142,579 | 3,963 | 349,694 |
| 2. | The approval of an advisory, non-binding resolution with respect to the Company’s executive compensation, as described in the proxy statement. |
For |
Against |
Abstain |
|||
| 5,043,383 | 23,107 | 80,052 |
| 3. | The ratification of the appointment of Elliott Davis, LLC as independent registered public accounting firm for the Company for the fiscal year ending June 30, 2020. |
For |
Against |
Abstain |
|||
| 5,494,036 | 2,100 | 100 |
| 4. | The approval of an advisory, non-binding proposal with respect to the frequency that stockholders will vote on our executive compensation, as described in the proxy statement. |
One Year |
Two Years |
Three Years |
Abstain |
Broker Non-Votes | |||
| 5,109,635 | 9,225 | 22,451 | 5,231 | 349,694 |
| Item 9.01. | Financial Statements and Exhibits |
Not applicable.
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.
OCONEE FEDERAL FINANCIAL CORP. | |||
| Date: November 14, 2019 | By: | /s/ John W. Hobbs | |
| John W. Hobbs | |||
| Chief Financial Officer | |||
| (Duly Authorized Representative) | |||