Security Federal Corp 8-K, filed May 12, 2023
Security Federal Corp (SFDL)
8-K
2023-05-12
For: 2023-05-11
View Original
Added on
April 11, 2026
About this 8-K
Security Federal Corp filed this 8-K on May 12, 2023, reporting on events of May 11, 2023.
Items reported
- Item 5.07: Shareholder vote results
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number (including area code): (
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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.
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
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Item 5.07 Submission of Matters to a Vote of Security Holders
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(a)
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The Annual Meeting of Security Federal Corporation (“Company”) was held on May 11, 2023 in a virtual format.
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(b)
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There were a total of 3.253,210 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 2,452,524 shares of common stock were represented in person or by proxy, therefore a quorum was present. The following proposals were submitted by the Board of Directors to a vote of shareholders:
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Proposal 1. Election of Directors.
The following individuals were elected as directors:
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FOR
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WITHHELD
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BROKER
NON-VOTES
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No. of votes
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No. of votes
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No. of votes
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Robert E. Alexander
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2,309,363
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143,161
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369,912
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William Clyburn
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2,311,788
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140,736
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369,912
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Frank M. Thomas, Jr.
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2,318,221
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134,303
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369,912
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Jessica T. Cummins
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2,285,406
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167,118
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369,912
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Based on the votes set forth above, Messrs. Alexander, Clyburn, Thomas and Ms. Jessica T. Cummins were duly elected to each serve as directors of the Company
for a three year term expiring at the annual meeting of shareholders in 2026, each to serve until their respective successors have been duly elected and qualified.
The terms of Directors Timothy W. Simmons, Harry O. Weeks, Jr., Roy G. Lindburg, Thomas L. Moore, J. Chris Verenes, Richard T. Harmon and Frampton W. Toole,
III, continued.
Proposal 2. Advisory approval of the
compensation of the Company’s named executive officers. This proposal received the following votes:
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For
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Percentage
of
shares
present
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Against
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Percentage
of
shares
present
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Abstain
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Percentage
of
shares
present
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Broker Non-
Votes
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2,307,944
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94.10%
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134,273
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5.48%
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10,307
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0.42%
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369,912
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Based on the votes set forth above, the compensation of the Company’s named executive officers was approved by shareholders.
Proposal 3. Advisory approval of the
compensation of the Company’s named executive officers. This proposal received the following votes:
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One
Year
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Percentage
of
shares
present
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Two
Years
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Percentage
of
shares
present
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Three
Years
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Percentage
of
shares
present
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Abstain
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Percentage
of
shares
present
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Broker Non-
Votes
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1,586,729
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64.67%
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158,803
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6.48%
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577,457
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23.55%
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130,143
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5.30%
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369,912
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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.
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SECURITY FEDERAL CORPORATION
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Date: May 12, 2023
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By:
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/s/J. Chris Verenes |
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J. Chris Verenes
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Chief Executive Officer
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