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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, 2021

PROVIDENT BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland

001-39090

84-4132422

(State or Other Jurisdiction

(Commission File No.)

(I.R.S. Employer

of Incorporation)

Identification No.)

5 Market Street, Amesbury, Massachusetts

01913

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (978) 834-8555

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 (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 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common stock

PVBC

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

o

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. o


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Item 5.07 Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Shareholders of the Company held on May 20, 2021, the Company’s shareholders voted on the following matters:

 

1.The election of the following three individuals to serve on the Company’s Board of Directors for the terms indicated and until their successors have been duly elected:

NAME

FOR

WITHHELD

BROKER NON-VOTES

Frank G. Cousins, Jr.

(three-year term)

12,026,547

1,466,079

2,403,679

Joseph B. Reilly

(three-year term)

12,226,970

1,265,656

2,403,679

Arthur Sullivan

(three-year term)

11,006,160

2,486,466

2,403,679

2.The ratification of the appointment of Crowe LLP as independent registered public accounting firm of the Company for the year ending December 31, 2021:

FOR

AGAINST

ABSTAIN

15,812,390

68,111

15,804

3.The approval of an advisory, non-binding resolution with respect to executive compensation:

FOR

AGAINST

ABSTAIN

BROKER NON-VOTES

7,550,093

5,694,791

247,742

2,403,679

4.The approval of an advisory proposal with respect to the frequency that stockholders will vote on executive compensation:

ONE-YEAR

TWO-YEAR

THREE-YEAR

ABSTAIN

BROKER

NON-VOTES

12,321,716

100,128

1,004,741

66,041

2,403,679

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Description

104The cover page from this current report on Form 8-K, formatted in Inline XBRL


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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.

PROVIDENT BANCORP, INC.

DATE: May 24, 2021

By:

/s/ David P. Mansfield

David P. Mansfield

President and Chief Executive Officer