TBBK

SEC Filing Summary: The Bancorp, Inc. (8-K)

Business Context and Reporting Period

This Form 8-K reports on the Annual Meeting of Stockholders held on May 10, 2010. The filing details the outcomes of shareholder votes regarding the election of directors, executive compensation, and the appointment of independent auditors.

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

The following matters were submitted to a vote of security holders:

• Election of Directors: All nominees were elected for one-year terms. Broker non-votes totaled 4,357,510. Notable voting results included:

• Executive Compensation: The non-binding resolution to approve the 2009 compensation program was approved.
  • Votes For: 23,280,152
  • Votes Against: 288,471
  • Abstentions: 25,535
  • Broker Non-Votes: 2,486
• Independent Auditors: The selection of Grant Thornton LLP for the fiscal year ending December 31, 2010, was approved.
  • Votes For: 23,506,122
  • Votes Against: 66,177
  • Abstentions: 24,344
  • 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.

Key Facts for Investor Verification

• Verify the significant number of votes withheld for directors William H. Lamb, James J. McEntee III, and Linda Schaeffer compared to other nominees.
• Confirm the total number of broker non-votes (4,357,510) regarding the director election.
• Note the appointment of Grant Thornton LLP as the new independent public accountants.
• Review the 2009 executive compensation program details, as the shareholder vote was non-binding.