Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Shareholders' Meeting held by Peoples Bancorp of North Carolina, Inc. on May 7, 2026. The filing details the election of directors, the outcome of an advisory vote on executive compensation, and the ratification of the independent auditor.
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
Election of Directors
Eleven directors were elected. All candidates received zero votes against. The number of votes withheld varied by candidate, ranging from approximately 246,000 to 1,028,000. Broker non-votes were consistent at 558,540 for all director candidates.
- Ashton V. Abernethy: 3,356,505 For; 772,797 Withheld
- James S. Abernethy: 3,134,113 For; 995,189 Withheld
- Robert C. Abernethy, Sr.: 3,100,943 For; 1,028,359 Withheld
- Robert C. Abernethy, Jr.: 3,482,310 For; 646,992 Withheld
- Douglas S. Howard: 3,603,594 For; 525,708 Withheld
- John W. Lineberger, Jr.: 3,881,616 For; 247,686 Withheld
- Gary E. Matthews: 3,597,285 For; 532,017 Withheld
- Billy L. Price, Jr., MD: 3,846,765 For; 282,537 Withheld
- William Gregory Terry: 3,823,756 For; 305,546 Withheld
- Benjamin I. Zachary: 3,883,010 For; 246,292 Withheld
Executive Compensation Advisory Vote
The non-binding vote to approve the compensation of named executive officers passed with strong support.
- Votes For: 4,024,195
- Votes Against: 83,444
- Votes Abstained: 21,663
- Broker Non-votes: 558,540
Ratification of Independent Auditor
Shareholders ratified the appointment of Forvis Mazars, LLP as the independent registered public accounting firm.
- Votes For: 4,684,986
- Votes Against: 0
- Votes Abstained: 2,856
- Broker Non-votes: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes withheld for each director.
- Confirm the specific compensation details for named executive officers referenced in the advisory vote.
- Review the full proxy statement for context on the "withheld" votes for directors, particularly Robert C. Abernethy, Sr., who had the highest number of withheld votes.
- Check subsequent filings for the company's financial performance, as this 8-K contains no financial data.