SEC Filing Summary: Central Valley Community Bancorp (8-K)
Business Context and Reporting Period
This Form 8-K, dated May 18, 2022, reports the results of the Annual Meeting of Shareholders held by Central Valley Community Bancorp on that date. The registrant is incorporated in California and trades under the symbol CVCY on the NASDAQ. The filing specifically addresses Item 5.07 regarding the submission of matters to a vote of security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to corporate governance voting results and does not contain financial performance data.
Material Changes and Voting Results
The following matters were submitted to shareholders and approved:
- Election of Directors: All 12 nominees were elected to serve until the 2023 Annual Meeting. While all were elected, significant votes were withheld for certain directors:
- Daniel J. Doyle: 3,374,542 votes withheld.
- Robert J. Flautt: 3,189,423 votes withheld.
- Gary D. Gall: 2,851,409 votes withheld.
- Other directors received between 46,360 and 720,284 votes withheld.
- Ratification of Auditors: The appointment of Crowe LLP as the independent registered public accounting firm for the 2022 fiscal year was ratified with 8,970,025 votes for, 40,841 against, and 2,071 abstentions.
- Executive Compensation: The non-binding advisory resolution approving executive compensation was approved with 7,630,637 votes for, 149,687 against, and 62,350 abstentions.
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 reasons for the high number of votes withheld for directors Daniel J. Doyle, Robert J. Flautt, and Gary D. Gall compared to other nominees.
- Confirm the total number of shares outstanding to calculate the percentage of votes withheld for each director.
- Review the full proxy statement dated April 1, 2022, for detailed biographies of the directors and the specific executive compensation plan approved.
- Check subsequent filings (10-Q or 10-K) for the financial metrics absent in this 8-K.