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 27, 2010
Waccamaw Bankshares, Inc.
(Exact name of registrant as specified in its charter)
| | | | |
| North Carolina | | 001-33046 | | 52-2329563 |
(State or other jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
| 110 North J.K. Powell Boulevard, Whiteville, NC | | 28472 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (910) 641-0044
Not Applicable
(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:
| ¨ | 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. |
On May 27, 2010, Waccamaw Bankshares, Inc. (the “Registrant”) held its annual meeting of shareholders. There were four proposals submitted to shareholders at the annual meeting. In the case of proposal 1, all of management’s director nominees were approved and elected to serve on the Registrant’s board of directors. All other proposals were also approved by the shareholders entitled to vote at the annual meeting. The proposals below are described in greater detail in the Registrant’s definitive proxy statement for the annual meeting filed on April 26, 2010, with the Securities and Exchange Commission.
The voting results were as follows:
Proposal 1:Proposal to elect three members of the board of directors for terms of three years.
| | | | | | |
Director | | Votes For | | Votes Withheld | | Broker Non-Votes |
| | | |
Brian D. Campbell | | 2,838,959 | | 117,348 | | 723,095 |
| | | |
Crawford Monroe Enzor III | | 2,815,180 | | 141,127 | | 723,095 |
| | | |
R. Dale Ward | | 2,809,822 | | 146,485 | | 723,095 |
Proposal 2:Proposal to amend the articles of incorporation to increase the number of authorized shares of common stock from 25,000,000 to 50,000,000.
| | | | | | |
For | | Against | | Abstain | | Broker Non-Votes |
| | | |
3,398,976 | | 190,835 | | 89,587 | | 4 |
Proposal 3:Proposal to ratify the appointment of Elliott Davis, PLLC, as the Registrant’s independent registered public accounting firm for 2010.
| | | | | | |
For | | Against | | Abstain | | Broker Non-Votes |
| | | |
3,571,350 | | 19,985 | | 88,066 | | 0 |
Proposal 4:Proposal to authorize the board of directors to adjourn the annual meeting to allow time for further solicitation of proxies.
| | | | | | |
For | | Against | | Abstain | | Broker Non-Votes |
| | | |
3,465,659 | | 122,638 | | 91,101 | | 2 |
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.
| | |
| WACCAMAW BANKSHARES, INC. |
| |
| By: | | /s/ James G. Graham |
| | James G. Graham |
| | President and Chief Executive Officer |
Dated: June 2, 2010
