8-K 1 f8-k.htm 8-K mrbk_Current_Folio_8K

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

May 23, 2019

Date of Report (Date of earliest event reported)

Picture 1

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Pennsylvania

 

000‑55983

 

83‑1561918

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Ident. No.)

 

 

 

 

 

9 Old Lincoln Highway, Malvern, Pennsylvania

 

19355

(Address of principal executive offices)

 

(Zip Code)

 

(484) 568‑5000

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b‑2 of the Securities Exchange Act of 1934 (17 CFR §240.12b‑2).

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. ☐

 

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, $1 par value

 

MRBK

 

The NASDAQ Stock Market

 

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On May 21,  2019, Meridian Corporation (the “Corporation”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) stating that NASDAQ has determined that the Corporation is  not in  compliance with NASDAQ Listing Rule 5250(c)(1) due to the Corporation’s failure to timely file its Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarter ended March 31, 2019 with the Securities and Exchange Commission (the “SEC”).

 

The NASDAQ letter notes that the Corporation is required to submit a  plan to regain compliance with the NASDAQ’s filing requirements for continued listing within 60 calendar days of the date of the NASDAQ notification letter. Upon acceptance of the Corporation’s compliance plan, NASDAQ is  permitted to  grant an extension of  up to  180 days from the Form 10-Q’s filing date for the Corporation to  regain compliance with NASDAQ’s filing requirements for continued listing. The NASDAQ notice has no immediate effect on the listing or trading of the Corporation’s common stock on the NASDAQ Capital Market.

 

The Corporation anticipates that it will file its Form10-Q with the SEC on or about May 24, 2019 and thereby regain compliance with the NASDAQ continued listing requirements eliminating the need for the Corporation to submit a  formal plan to regain compliance.

 

Item 5.07.            Submission of Matters to a Vote of Security Holders.

The Corporation held its Annual Meeting of Shareholders on May 23, 2019 for the purpose of considering and acting upon the below proposals. 

1.

A proposal to elect three (3) directors as “Class B” directors of the Board, to serve a three-year term expiring in 2022.

The shareholders of the Corporation elected the following Class B directors to each serve a three-year term expiring in 2022 by the following vote:

 

 

 

Director Name

Votes For

Votes Withheld

Robert T. Holland

4,657,983

266,200

Denise Lindsay

4,648,315

275,868

George C. Collier

4,176,517

747,666

 

The following additional directors continued in office after the Annual Meeting:  Christopher J. Annas, Robert M. Casciato, Edward J. Hollin, Anthony M. Imbesi, Kenneth H. Slack.

 

2.

A proposal to ratify the appointment of KPMG LLP as the Corporation’s independent registered public accounting firm for the year ending December 31, 2019.

The shareholders of the Corporation ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2019 by the following vote:

 

 

 

 

Votes For  

Votes Against

Votes Abstained

5,276,252

68,034

27,006

             

 

Item 9.01.            Financial Statements and Exhibits.

(d)    Exhibits.  The following exhibit is furnished herewith:

99.1 Press Release, issued May 23, 2019 by Meridian Corporation

 

EXHIBIT INDEX

 

 

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press Release, issued May 23, 2019 by Meridian Corporation

2

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

MERIDIAN CORPORATION
(Registrant)

 

 

 

Dated:  May 23, 2019

 

 

 

 

 

 

By:

/s/  Denise Lindsay

 

 

 

 

Denise Lindsay

 

 

 

Executive Vice President and Chief Financial Officer