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 17, 2010 | |||
Stewardship Financial Corporation | ||||
(Exact name of registrant as specified in its charter) | ||||
New Jersey | 0-21855 | 22-3351447 | ||
(State or other jurisdiction of | (Commission | (IRS Employer | ||
incorporation) | File Number) | Identification No.) | ||
630 Godwin Avenue, Midland Park, NJ | 07432 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant’s telephone number, including area code | (201) 444-7100 | |||
(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.
Stewardship Financial Corporation (the “Corporation”) held its Annual Meeting of Shareholders (the “Annual Meeting”) on May 17, 2010. A total of 4,704,536 shares of the Corporation’s common stock entitled to vote were present or represented by proxy at the Annual Meeting constituting a quorum for the transaction of business. The Corporation’s shareholders considered the proposals set forth in the Corporation’s Proxy Statement and took the following actions with respect thereto:
Proposal 1: Election of Directors. The shareholders considered the nominees for re-election named in the Corporation’s Proxy Statement and re-elected each of Richard W. Culp, Harold Dyer, Michael Westra and Howard R. Yeaton for three-year terms expiring in 2013. The following are the results of the voting:
Name | For | Withheld | Broker Non-Votes | |||||||||
Richard W. Culp | 3,920,199 | 10,568 | 773,768 | |||||||||
Harold Dyer | 3,216,647 | 714,120 | 773,768 | |||||||||
Michael Westra | 3,919,587 | 11,180 | 773,768 | |||||||||
Howard R. Yeaton | 3,920,199 | 10,568 | 773,768 |
Proposal 2: Non-Binding Advisory Proposal on the Compensation of Executive Officers. The shareholders considered a non-binding advisory proposal in the form of a resolution approving the overall executive compensation of the Corporation’s executive officers as described in the Corporation’s Proxy Statement and adopted such resolution. The following are the results of the voting:
Number of Votes | ||||
For | 4,624,895 | |||
Against | 70,292 | |||
Abstained | 9,347 |
Proposal 3: Approval of Incentive Plan. The shareholders considered a proposal to approve a new incentive plan titled the Stewardship Financial Corporation 2010 Stock Incentive Plan as described in and attached to the Corporation’s Proxy Statement and approved such plan. The following are the results of the voting:
Number of Votes | ||||
For | 3,835,456 | |||
Against | 79,849 | |||
Abstained | 15,462 | |||
Broker Non-Votes | 773,768 |
Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm. The shareholders considered a proposal to ratify the appointment of Crowe Horwath LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2010 and ratified such appointment. The following are the results of the voting:
Number of Votes | ||||
For | 4,685,020 | |||
Against | 10,256 | |||
Abstained | 9,259 |
Item 9.01. Financial Statements and Exhibits.
Exhibit No. | Description | |
10.1 | Stewardship Financial Corporation 2010 Stock Incentive Plan |
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.
Stewardship Financial Corporation | |||
Date: | May 19, 2010 | /s/ Claire M. Chadwick | |
Claire M. Chadwick | |||
Senior Vice President and | |||
Chief Financial Officer |
INDEX OF EXHIBITS
Exhibit No. | Description | |
10.1 | Stewardship Financial Corporation 2010 Stock Incentive Plan |