8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

May 17, 2022

(Date of Report - Date of earliest event reported on)

Community Bancorp /VT

(Exact name of Registrant as Specified in its Charter)

Vermont	000-16435	03-0284070
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4811 US Route 5, Derby, Vermont	05829
(Address of Principal Executive Offices)	(Zip Code)

Registrant's Telephone Number: (802) 334-7915

Not Applicable

(Former name, 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 (17CFR 203.425)

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

The following matters were submitted to a vote of security holders, at the Annual Meeting of Shareholders of Community Bancorp. on May 17, 2022:

Proposal 1.	To elect five incumbent directors to serve until the Annual Meeting of Shareholders in 2025;
Proposal 2.	To vote on an advisory (non-binding) resolution to approve the compensation of our executive officers; and
Proposal 2.	To ratify the selection of the independent registered public accounting firm of Berry Dunn McNeil & Parker, LLC (BerryDunn) as the Corporation’s external auditors for the fiscal year ending December 31, 2022.

As of March 23, 2022, the record date for the Annual Meeting, there were 5,377,740 shares of the Company’s $2.50 par value common stock outstanding, and each share was entitled to one vote on all matters submitted to the shareholders for vote at the meeting.

The vote results are as follows:

					AUTHORITY
					WITHHELD/		BROKER
MATTER	FOR		AGAINST		ABSTAIN		NON-VOTE
Proposal 1.  Election of Incumbent Directors:
David P. Laforce		2,489,302		N/A		76,914		798,867
Stephen P. Marsh		2,150,296		N/A		415,920		798,867
Carol A. Martin		2,544,837		N/A		22,710		798,867
Jeffrey L. Moore		2,543,209		N/A		23,007		798,867
Frederic Oeschger		2,523,795		N/A		42,421		798,867
Proposal 2.  Executive Compensation		2,235,952		73,480		258,115		798,867
Proposal 2.  Selection of External Auditors:
BerryDunn		3,291,143		838		74,433		0

In accordance with section 3.02 of the Company’s Bylaws, each of the directors was elected, having received the affirmative vote of at least a majority of the shares represented at the meeting and entitled to vote.  Proposal 2 was approved, with more votes cast "FOR" than "AGAINST". Proposal 3 was approved with more votes cast “FOR” than “AGAINST”.

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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.

	COMMUNITY BANCORP.
DATED: May 17, 2022	/s/ Kathryn M. Austin
	Kathryn M. Austin, President &
	Chief Executive Officer

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XML

Cover	May 17, 2022
Cover [Abstract]
Entity Registrant Name	Community Bancorp /VT
Entity Central Index Key	0000718413
Document Type	8-K
Amendment Flag	false
Entity Emerging Growth Company	false
Document Period End Date	May 17, 2022
Entity Incorporation State Country Code	VT
Entity Tax Identification Number	03-0284070
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity File Number	000-16435
Entity Address Address Line 1	4811 US Route 5
Entity Address City Or Town	Derby
Entity Address State Or Province	VT
Entity Address Postal Zip Code	05829
City Area Code	802
Local Phone Number	334-7915