Unity Bancorp Inc 8-K, filed Apr 28, 2023
Unity Bancorp Inc (UNTY)
About this 8-K
Unity Bancorp Inc filed this 8-K on April 28, 2023.
Items reported
- Item 5.07: Shareholder vote results
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders
Clinton, NJ – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, held its Annual Meeting of Shareholders on April 27, 2023. A total of 8,115,224 of the Company’s shares were present or represented by proxy at the meeting. The Company’s shareholders took the following actions:
Proposal 1: Election of Directors
The following four directors were nominated to serve for the terms set forth in the Company’s Proxy statement. Results of the election are as follows:
| | Number of Votes | ||||
Name | | For | | Withheld | | Broker Non-vote |
Wayne Courtright | | 7,822,016 | | 293,208 | | - |
David Dallas | | 7,799,507 | | 315,716 | | - |
Robert H. Dallas, II | | 7,159,255 | | 955,968 | | - |
Peter E. Maricondo | | 6,578,670 | | 1,536,554 | | - |
Proposal 3: The Approval of Unity Bancorp, Inc. 2023 Equity Compensation Plan
The 2023 Equity Compensation Plan authorizes the granting of incentive stock options ("ISOs"), non-statutory
options, restricted stock, performance units, and deferred stock for a total of 500,000 shares of Common Stock to certain members of management of the Company and the Bank. Participants in the Equity Compensation Plan will be chosen by the HR/Compensation Committee from among participating management officials of the Company, the Bank and any other subsidiaries the Company may acquire or form. Results of the election are as follows:
Number of Votes | ||||||
For | | Against | | Abstain | | Broker Non-vote |
7,682,899 | | 267,300 | | 165,024 | | - |
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.
| UNITY BANCORP, INC. | |
| (Registrant) | |
| | |
Date: April 28, 2023 | | |
| By: | /s/ George Boyan |
| | George Boyan |
| | Executive Vice President and Chief Financial Officer |