8-K
PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK)
| 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<br>Report (Date of earliest event reported): May 7, 2020 | |||
| Peoples<br>Bancorp of North Carolina, Inc. | |||
| (Exact<br>Name of Registrant as Specified in Its Charter) | |||
| North<br>Carolina | |||
| (State<br>or Other Jurisdiction of Incorporation) | |||
| 000-27205 | 56-2132396 | ||
| (Commission<br>File No.) | (IRS<br>Employer Identification No.) | ||
| 518<br>West C Street, Newton, North Carolina | 28658 | ||
| (Address<br>of Principal Executive Offices) | (Zip<br>Code) | ||
| (828)<br>464-5620 | |||
| (Registrant’s<br>Telephone Number, Including Area Code) | |||
| Check<br>the appropriate box below if the Form 8-K filing is intended to<br>simultaneously satisfy the filing obligation of the registrant<br>under any of the following provisions: | |||
| ☐ | Written<br>communications pursuant to Rule 425 under the Securities Act (17<br>CFR 230.425) | ||
| ☐ | Soliciting<br>material pursuant to Rule 14a-12 under the Exchange Act (17 CFR<br>240.14a-12) | ||
| ☐ | Pre-commencement<br>communications pursuant to Rule 14d-2(b) under the Exchange Act (17<br>CFR 240.14d-2(b)) | ||
| ☐ | Pre-commencement<br>communications pursuant to Rule 13e-4(c) under the Exchange Act (17<br>CFR 240.13e-4(c)) | ||
| Peoples<br>Bancorp of North Carolina, Inc. | |||
| --- | --- | ||
| INDEX | |||
| Page | |||
| Item<br>5.07 – Submission of Matters to a Vote of Security<br>Holders | 3 | ||
| Signatures | 4 |
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Item 5.07. Submission of Matters to a Vote of Security Holders
(a)
Annual Shareholders’ Meeting – May 7, 2020
(b)
Directors elected at the meeting are as follows: James S. Abernethy, Robert C. Abernethy, Douglas S. Howard, John W. Lineberger, Jr., Gary E. Matthews, Billy L. Price, Jr. MD, Larry E. Robinson, William Gregory Terry, Dan Ray Timmerman, Sr. and Benjamin I. Zachary
At the May 7, 2020 Annual Shareholders’ Meeting the following items were submitted to a vote of shareholders:
1)
Election of Directors:
| Votes For | Votes Against | Votes Withheld | Broker Non-votes | |
|---|---|---|---|---|
| James<br>S. Abernethy | 3,900,229 | - | 913,190 | 713,724 |
| Robert<br>C. Abernethy | 3,451,124 | - | 1,362,295 | 713,724 |
| Douglas<br>S. Howard | 3,953,738 | - | 859,681 | 713,724 |
| John<br>W. Lineberger, Jr. | 4,225,755 | - | 587,664 | 713,724 |
| Gary<br>E. Matthews | 4,227,541 | - | 585,878 | 713,724 |
| Billy<br>L. Price, Jr. MD | 4,227,391 | - | 586,028 | 713,724 |
| Larry<br>E. Robinson | 4,225,876 | - | 587,543 | 713,724 |
| William<br>Gregory Terry | 3,948,255 | - | 865,164 | 713,724 |
| Dan<br>Ray Timmerman, Sr. | 3,898,445 | - | 914,974 | 713,724 |
| Benjamin<br>I. Zachary | 4,175,076 | - | 638,343 | 713,724 |
2)
Approval of a new Peoples Bancorp of North Carolina, Inc. 2020 Omnibus Stock Ownership and Long Term Incentive Plan
Votes For – 4,107,514; Votes Against – 659,959; Votes Abstained – 45,946; Broker Non-votes – 713,724
3) Ratification of appointment of Independent Registered Public Accountants – Elliott Davis, PLLC
Votes For – 5,510,277; Votes Against – 6,124; Votes Abstained – 10,172; Broker Non-votes – 0
(c)
Not applicable
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| SIGNATURES | ||
|---|---|---|
| Pursuant<br>to the requirements of the Securities Exchange Act of 1934, the<br>registrant has duly caused this report to be signed on its behalf<br>by the undersigned hereunto duly authorized. | ||
| PEOPLES<br>BANCORP OF NORTH CAROLINA, INC. | ||
| Date:<br>May 8, 2020 | By: | /s/ A.<br>Joseph Lampron, Jr. |
| A.<br>Joseph Lampron, Jr. | ||
| Executive<br>Vice President and Chief Financial Officer |
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