Investar Holding Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2016 Annual Meeting of Shareholders held on May 18, 2016. The filing details the outcomes of two proposals submitted to security holders: the election of directors and the ratification of the independent registered public accountants.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Proposal 1: Election of Directors
All nominees were elected to serve an additional one-year term. Notably, nominee Robert L. Freeman passed away prior to the meeting. The voting results for the remaining directors are as follows:
| Nominee | For | Withhold | Broker Non-Votes |
|---|---|---|---|
| James M. Baker | 4,844,447 | 40,269 | 874,338 |
| Thomas C. Besselman, Sr. | 4,844,570 | 40,146 | 874,338 |
| James H. Boyce, III | 4,834,303 | 50,413 | 874,338 |
| Robert M. Boyce, Sr. | 4,833,611 | 51,105 | 874,338 |
| John J. D'Angelo | 4,862,874 | 21,842 | 874,338 |
| William H. Hidalgo, Sr. | 4,854,928 | 29,788 | 874,338 |
| Gordon H. Joffrion, III | 4,628,644 | 256,072 | 874,338 |
| David J. Lukinovich | 4,856,832 | 27,884 | 874,338 |
| Suzanne O. Middleton | 4,845,540 | 39,176 | 874,338 |
| Andrew C. Nelson, M.D. | 4,642,242 | 242,474 | 874,338 |
| Carl R. Schneider, Jr. | 4,842,437 | 42,279 | 874,338 |
| Frank L. Walker | 4,836,232 | 48,484 | 874,338 |
Proposal 2: Ratification of Auditors
Shareholders approved the appointment of Postlethwaite & Netterville APAC as the independent registered public accountants for 2016.
| Vote Type | Count |
|---|---|
| For | 5,672,463 |
| Against | 24,175 |
| Abstain | 62,416 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Robert L. Freeman, a director nominee, passed away prior to the annual meeting.
- All remaining director nominees were successfully re-elected for one-year terms.
- Postlethwaite & Netterville APAC was ratified as the company's auditor for 2016.
- Broker non-votes were significant for the director election (874,338 votes), though they do not affect the outcome of uncontested elections.