8-K 1 v440581_8k.htm 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): May 19, 2016

 

ASB BANCORP, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

North Carolina

(State or other jurisdiction of

incorporation or organization)

 

001-35279

(Commission

File Number)

 

45-2463413

(IRS Employer

Identification No.)

 

11 Church Street, Asheville, North Carolina 28801

(Address of principal executive offices) (Zip Code)

 

(828) 254-7411

(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))

 

 

 

  

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

 

(a) The annual meeting of shareholders of ASB Bancorp, Inc. (the “Company”) was held on May 19, 2016. As of the March 30, 2016 record date, there were 3,985,475 shares of common stock outstanding, all of which were entitled to vote. There were 3,720,935 shares present in person or by proxy.

 

(b) The final vote results for each of the matters submitted to a vote of shareholders at the annual meeting were as follows:

 

1.The shareholders elected the following individuals as directors of the Company, each to serve for a three-year term or until their respective successors have been elected and qualified, by the following vote:

 

   

 

FOR

 

 

WITHHELD

 

BROKER

NON-VOTES

Suzanne S. DeFerie   2,784,357   191,822   744,756
Leslie D. Green   2,788,009   188,170   744,756

Lawrence B. Seidman

Wyatt S. Stevens

     

2,764,220

2,797,055

 

211,959

179,124

 

744,756

744,756

 

The shareholders elected the following individual as director of the Company, to serve for a two-year term or until his respective successor has been elected and qualified, by the following vote:

 

   

 

FOR

 

 

WITHHELD

 

BROKER

NON-VOTES

Kenneth J. Wrench   2,794,149   182,030   744,756

 

 

2.The shareholders ratified the selection of Dixon Hughes Goodman LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2016 by the following vote:

 

 

FOR

 

 

AGAINST

 

 

ABSTAIN

 

BROKER

NON-VOTES

3,596,547   62,036           62,352   Not applicable

 

3.The shareholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers by the following vote:

 

 

FOR

 

 

AGAINST

 

 

ABSTAIN

 

BROKER

NON-VOTES

2,674,843          211,978   89,358   744,756

 

(c) Not applicable.

 

(d) Not applicable.

 

 

 

 

Item 8.01Other Events.

 

Beginning May 20, 2016, the Company will make available and distribute to analysts and prospective investors the slide presentation made at the Company’s annual meeting on May 19, 2016. The presentation materials include information regarding the Company’s operating and growth strategies and financial performance. The presentation materials will also be posted to the Company’s website on May 20, 2016. The presentation materials are attached hereto as Exhibit 99.1.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits  
     
  Number Description
     
  99.1 Presentation Materials

 

 

 

 

SIGNATURE

 

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 thereunto duly authorized.

 

    ASB BANCORP, INC.  
         
         
         
Date: May 20, 2016   By: /s/ Suzanne S. DeFerie  
      Suzanne S. DeFerie  
      President and Chief Executive Officer