Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 27, 2011

 

 

COLUMBIA BANKING SYSTEM, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Washington   0-20288   91-1422237

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

1301 A Street  
Tacoma, WA   98402
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (253) 305-1900

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.07. Submission of Matters to Vote of Security Holders.

Columbia Banking System, Inc.’s (the “Company”) 2011 Annual Shareholders’ Meeting was held on April 27, 2011. There were 39,475,569 shares outstanding and entitled to vote at the annual meeting; of those shares, 35,645,562 were present in person or by proxy. The following matters were voted upon at the 2011 Annual Meeting:

 

  1. The election of nine directors to serve on the Board until the 2012 Annual Meeting or until their successors have been elected and have qualified;

 

  2. Proposal Number 2, an advisory (non-binding) vote on executive compensation;

 

  3. Proposal Number 3, an advisory (non-binding) vote on frequency of future advisory votes on executive compensation; and

 

  4. Ratification of appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending 2011.

The following is a summary of the voting results for the matters voted upon by the shareholders.

 

  1. Election of Directors
         

Director’s Name

  

Votes For

  

Votes Withheld

  

Abstentions

  

Broker Non-Votes

Melanie J. Dressel

   32,283,493    31,513    324,929    3,005,627

John P. Folsom

   32,265,875    43,369    330,691    3,005,627

Frederick M. Goldberg

   32,478,732    39,393    121,810    3,005,627

Thomas M. Hulbert

   32,263,868    46,340    329,727    3,005,627

Thomas L. Matson

   32,242,148    67,805    329,982    3,005,627

Daniel C. Regis

   32,477,630    36,834    125,471    3,005,627

Donald H. Rodman

   32,259,155    55,889    324,891    3,005,627

William T. Weyerhaeuser

   32,278,134    35,689    326,112    3,005,627

James M. Will

   32,273,574    37,949    328,412    3,005,627

 

2.    Proposal Number 2, an Advisory (non-binding) Vote on Executive Compensation   
     

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

  

31,749,846

   320,029    570,060    3,005,627
3.    Proposal Number 3, an Advisory (non-binding) Vote on Frequency of Future Advisory Votes on Executive Compensation
     

1 Year

  

2 Years

  

3 Years

  

Abstentions

                 
  

27,355,501

   290,927    4,576,438    417,069         
4.    Ratification of Appointment of Independent Registered Public Accounting Firm   
     

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

  

35,202,866

   344,567    98,129                    0


Based on the Board of Directors’ recommendation in the proxy statement for the 2011 Annual Meeting and the voting results with respect to the advisory vote on the frequency of future advisory votes on executive compensation, the Company has determined to hold an advisory vote on executive compensation annually.

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  COLUMBIA BANKING SYSTEM, INC.
Date: May 2, 2011  

Gary R. Schminkey

  Gary R. Schminkey
  Executive Vice President and Chief Financial Officer