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): May 22, 2013

 

 

New Peoples Bankshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

VIRGINIA   000-33411   31-1804543

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

67 Commerce Drive

Honaker, Virginia 24260

(Address of principal offices, including zip code)

(276) 873-7000

(Registrant’s telephone number, including area code)

n/a

(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 a Vote of Security Holders

New Peoples Bankshares, Inc. (the “Company”) held its 2013 Annual Shareholders’ Meeting (the “Annual Meeting”) on May 21, 2013. A total of 21,871,063 shares of the Company’s Common Stock were entitled to vote as of March 28, 2013, the record date for the Annual Meeting. There were 11,544,567 shares present at the Annual Meeting in person or by proxy, and the shareholders voted on three proposals.

 

Proposal 1: Election of Directors

The shareholders elected four directors to serve three year terms expiring in 2016. The four directors elected to serve the three year terms were Tim W. Ball, Michael G. McGlothlin, Jonathan H. Mullins and B. Scott White. The results of the vote were as follows:

 

Nominees

        Votes FOR          Votes Withheld        Broker Non-Votes  

Tim W. Ball

    11,223,081    218,793    102,693

Michael G. McGlothlin

    11,343,159    98,715    102,693

Jonathan H. Mullins

    11,344,748    97,126    102,693

B. Scott White

    11,349,900    91,974    102,693

 

Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation

The shareholders approved a non-binding advisory vote to approve the compensation of the Company’s named executive officers. The results of the vote follow:

 

    Votes FOR       Votes AGAINST   Votes ABSTAIN   Broker Non-Votes
10,981,903   192,958   267,013   102,693

 

Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm

The shareholders voted to ratify the Company’s Audit Committee of the Board of Directors’ appointment of Elliott Davis, LLC to serve as its independent registered public accounting firm for the year ending December 31, 2013. The results of the vote follow:

 

    Votes FOR       Votes AGAINST   Votes ABSTAIN
11,450,973   57,135   36,459

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.

 

   New Peoples Bankshares, Inc.
Date: May 22, 2013   

/S/ C. Todd Asbury

   C. Todd Asbury
   Executive Vice President and Chief Financial Officer and Secretary