0001437749-15-015600.txt : 20150812 0001437749-15-015600.hdr.sgml : 20150812 20150812120055 ACCESSION NUMBER: 0001437749-15-015600 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150812 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20150812 DATE AS OF CHANGE: 20150812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PALMETTO BANCSHARES INC CENTRAL INDEX KEY: 0000706874 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 742235055 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35282 FILM NUMBER: 151046107 BUSINESS ADDRESS: STREET 1: 306 EAST NORTH STREET CITY: GREENVILLE STATE: SC ZIP: 29601 BUSINESS PHONE: 864-250-6050 MAIL ADDRESS: STREET 1: 306 EAST NORTH STREET CITY: GREENVILLE STATE: SC ZIP: 29601 8-K 1 plmt20150811_8k.htm FORM 8-K plmt20150811_8k.htm

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): August 12, 2015

 

Palmetto Bancshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

South Carolina

 

0-26016

 

74-2235055

State or other jurisdiction

of incorporation

 

Commission

File Number

 

IRS Employer

I.D. number

 

     

306 East North Street, Greenville, South Carolina

 

29601

Address of principal executive offices

 

Zip Code

 

800.725.2265

Registrant’s telephone number

 

N/A

(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):

 

 

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))

 

 
 
 

 

SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

 

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

 

On August 12, 2015, Palmetto Bancshares, Inc. (the “Company”) held a special meeting of its shareholders (the “Special Meeting”). Of the 12,813,442 shares outstanding and entitled to vote at the Special Meeting, 11,561,884 were present in person or by proxy, and the following matters were voted upon and approved by our shareholders at the Special Meeting:

 

Proposal

Votes

For

Votes

Against

Votes

Abstained

1.

Approval of the Agreement and Plan of merger dated as of April 22, 2015, by and between United Community Banks, Inc.(“United”) and the Company, under which the Company will merge with and into United.

11,270,512

 290,567 805

 

Proposal

Votes

For

Votes

Against

Votes

Abstained

2.

Approval of a non-binding advisory vote to approve the compensation that certain executive officers of the Company will receive under existing agreements or arrangements with the Company in connection with the merger.

 10,898,040 624,247 39,597

 

A proposal to approve the adjournment or postponement of the Special Meeting, if necessary or appropriate, including to solicit additional proxies to approve the Merger Agreement was not voted on because the proposal to approve the Merger Agreement had passed.

 

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.

 

     

PALMETTO BANCSHARES, INC.

   

By:

 

  
 

/S/    Roy D. Jones        

Roy D. Jones

Chief Financial Officer and Treasurer

 

Date: August 12, 2015