SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 5.07submission of matters to a vote of security holders
The Company’s annual meeting of shareholders was held on May 26, 2021, at which time shareholders voted in favor of item 1, election of directors, item 2, ratification of appointment of independent accountants, item 3, ratification of indemnification agreements with directors and certain executive officers, and item 4, advisory vote on executive compensation. Proxies were solicited by the Company’s management pursuant to Regulation 14 under the Securities Exchange Act of 1934.
A total of 12,236,733 shares were represented and voting at the meeting, constituting 79.40% of the 15,410,763 issued and outstanding shares entitled to vote at the meeting. There was no solicitation in opposition to Management’s nominees for directorship as listed in the proxy statement, and all of such nominees were elected pursuant to the vote of shareholders. The vote on the election of the six nominees to serve as Class I directors for two-year terms was as follows:
Percent Votes Cast “For”
Percent Votes Withheld
Albert L. Berra
Julie G. Castle
Vonn R. Christenson
Laurence S. Dutto
Kevin J. McPhaill
Gordon T. Woods
There were 2,879,016 broker non-votes received with respect to this item.
The terms of the following directors continued after the shareholders’ meeting: Robb Evans, James C. Holly, Lynda B. Scearcy, Morris A. Tharp, and Susan M. Abundis.
The appointment of Eide Bailly LLC as the Company’s independent registered public accounting firm for 2021 was ratified, with the number of shares cast as follows:
The number voting “for” constituted 99.79% of the total number of shares represented and voting at the meeting with respect to proposal 2. There were no broker non-votes with respect to this item.
The indemnification agreements with directors and certain executive officers were ratified, with the number of shares cast as follows:
The number voting “for” constituted 91.90% of the total number of shares represented and voting at the meeting with respect to proposal 3. There were 2,879,016 broker non-votes received with respect to this item.
The advisory vote on executive compensation was approved, with the number of shares cast as follows:
The number voting “for” constituted 91.40% of the total number of shares represented and voting at the meeting with respect to proposal 4. There were 2,879,016 broker non-votes received with respect to this item.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 27, 2021
Christopher G. Treece