Exhibit 99.1
REVOCABLE PROXY
NEW CENTURY BANCORP, INC.
700 West Cumberland Street
Dunn, North Carolina 28334
APPOINTMENT OF PROXY
SOLICITED BY BOARD OF DIRECTORS
The undersigned hereby appoints J. Gary Ciccone, Sharon L. Raynor, and C.L. Tart, Jr. (the “Proxies”), or any of them, as attorneys and proxies, with full power of substitution, to vote all shares of the common stock of New Century Bancorp, Inc. (the “Corporation”) held of record by the undersigned on April 4, 2014, at the Annual Meeting of Shareholders of the Corporation to be held at New Century Bank, 700 West Cumberland Street, Dunn, North Carolina, at 9:00 a.m., local time, on May 27, 2014, and at any adjournments thereof. The undersigned hereby directs that the shares represented by this Appointment of Proxy be voted as follows on the proposals listed below:
1. | AGREEMENT AND PLAN OF MERGER AND REORGANIZATION. Proposal to approve the Agreement and Plan of Merger and Reorganization dated September 30, 2013, by and among the Corporation, New Century Bank, Select Bancorp, Inc. and Select Bank & Trust Company pursuant to which Select Bancorp, Inc. will merge with and into the Corporation and the Corporation will issue shares of its common stock pursuant to the terms thereof. |
¨ FOR | ¨ AGAINST | ¨ ABSTAIN |
2. | ADJOURNMENT OF ANNUAL MEETING.Proposal to adjourn the annual meeting to a later date or dates, if necessary or appropriate, including to solicit additional proxies to approve the Agreement and Plan of Merger and Reorganization. |
¨ FOR | ¨ AGAINST | ¨ ABSTAIN |
3. | ELECTION OF DIRECTORS. Proposal to elect five members of the Board of Directors for terms of three years. |
¨ | FOR all nominees listed below | ¨ | WITHHOLD AUTHORITY | |
(except as indicated otherwise below). | to vote for all nominees listed below |
Nominees:
Gerald W. Hayes
William L. Hedgepeth II
Tracy L. Johnson
Carlie C. McLamb, Jr.
Anthony E. Rand
Instruction: To withhold authority to vote for one or more nominees, write that nominee’s name on the line below.
________________________________________________________________________________
4. | RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS. Proposal to ratify the appointment of Dixon Hughes Goodman LLP as the Corporation’s independent registered public accounting firm for 2014. |
¨ FOR | ¨ AGAINST | ¨ ABSTAIN |
5. | OTHER BUSINESS. On such other matters as may properly come before the annual meeting or any adjournment or postponement thereof, the Proxies are authorized to vote the shares represented by this Appointment of Proxy in accordance with their best judgment. |
THE SHARES REPRESENTED BY THIS APPOINTMENT OF PROXY WILL BE VOTED BY THE PROXIES IN ACCORDANCE WITH THE SPECIFIC INSTRUCTIONS set forth herein. IN THE ABSENCE OF INSTRUCTIONS, THE PROXIES WILL VOTE SUCH SHARES “FOR” PROPOSALS 1, 2, and 4 and “FOR” THE ELECTION OF EACH OF THE NOMINEES LISTED IN PROPOSAL 3. IF, AT OR BEFORE THE TIME OF THE MEETING, ANY OF THE NOMINEES LISTED IN PROPOSAL 3 FOR ANY REASON HAVE BECOME UNAVAILABLE FOR ELECTION OR UNABLE TO SERVE AS DIRECTORS, THE PROXIES HAVE THE DISCRETION TO VOTE FOR A SUBSTITUTE NOMINEE OR NOMINEES. THIS APPOINTMENT OF PROXY MAY BE REVOKED AT ANY TIME BEFORE IT IS EXERCISED BY FILING WITH THE SECRETARY OF THE CORPORATION AN INSTRUMENT REVOKING IT OR A DULY EXECUTED APPOINTMENT OF PROXY BEARING A LATER DATE, OR BY ATTENDING THE ANNUAL MEETING AND REQUESTING THE RIGHT TO VOTE IN PERSON.
Date: | , 2014 | ||
(SEAL) | |||
(Signature) | |||
(SEAL) | |||
(Signature, if shares held jointly) | |||
Instruction: Please sign aboveexactly as your name appears on this appointment of proxy. Joint owners of shares shouldboth sign. Fiduciaries or other persons signing in a representative capacity should indicate the capacity in which they are signing. |
IMPORTANT: TO ENSURE THAT A QUORUM IS PRESENT, PLEASE SEND IN YOUR APPOINTMENT OF PROXY WHETHER OR NOT YOU PLAN TO ATTEND THE ANNUAL MEETING. EVEN IF YOU SEND IN YOUR APPOINTMENT OF PROXY YOU WILL BE ABLE TO VOTE IN PERSON AT THE MEETING IF YOU SO DESIRE.
PLEASE MARK, SIGN, DATE AND PROMPTLY RETURN THIS PROXY CARD
IN THE ENCLOSED ENVELOPE.