Business Context and Reporting Period
This Form 8-K filing by Landmark Bancorp, Inc. (Delaware) reports on the Annual Meeting of Stockholders held on May 18, 2016, in Manhattan, Kansas. The report details the voting results for three proposals submitted to security holders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report regarding corporate governance events rather than a financial statement.
Material Changes and Voting Results
Of the 3,580,826 shares eligible to vote, 3,188,415 shares were represented (approximately 89.0% of outstanding shares). The final voting results were as follows:
- Election of Class III Directors: Patrick L. Alexander, Jim W. Lewis, and Michael E. Scheopner were elected to serve three-year terms expiring in 2019. All three candidates received over 2 million votes in favor.
- Executive Compensation Advisory Vote: The proposal received 1,772,770 votes for and 297,787 votes against.
- Ratification of Auditors: The appointment of Crowe Chizek LLP as the independent registered public accounting firm for the year ending December 31, 2016, was ratified with 3,121,909 votes for and 35,950 votes against.
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 specific terms and compensation packages for the newly elected Class III directors (Alexander, Lewis, Scheopner).
- Review the full proxy statement to understand the context of the "Say-on-Pay" advisory vote results.
- Confirm the scope of services and fees associated with the ratification of Crowe Chizek LLP as the independent auditor.