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: May 18, 2010
HOMETOWN BANKSHARES CORPORATION
(Exact name of registrant as specified in its charter)
Virginia | 333-158525 | 26-4549960 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
202 S. Jefferson Street Roanoke, Virginia | 24011 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (540) 345-6000
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. |
At the annual meeting of shareholders of HomeTown Bankshares Corporation (the “Company”) held on May 18, 2010 (the “Annual Meeting”), the matters listed below were submitted to a vote of the Company’s shareholders. Set forth below are the final voting results on each such matter.
1. | Election of Directors. Eight persons were nominated by the Board of Directors for election as directors of the Company, serving varying terms as indicated below. Each nominee was elected and the final results of the votes cast for, votes withheld and broker non-votes were as follows: |
Name of Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||
To serve until the 2011 Annual Meeting: | ||||||
George B. Cartledge, Jr. | 1,867,225 | 5,850 | 45,360 | |||
Warner Dalhouse | 1,856,425 | 16,650 | 45,360 | |||
Victor F. Foti | 1,866,425 | 6,650 | 45,360 | |||
To serve until the 2012 Annual Meeting: | ||||||
Daniel D. Hamrick | 1,867,225 | 5,850 | 45,360 | |||
Edward G. Murphy | 1,864,625 | 8,450 | 45,360 | |||
William R. Rakes | 1,867,025 | 6,050 | 45,360 | |||
To serve until the 2013 Annual Meeting: | ||||||
Susan K. Still | 1,867,225 | 5,850 | 45,360 | |||
James M. Turner, Jr. | 1,865,825 | 7,250 | 45,360 |
2. | To approve the following advisory (non-binding) proposal: |
RESOLVED, that the shareholders approve the compensation of executive officers as disclosed in this proxy statement pursuant to the rules of the Securities and Exchange Commission.
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
1,720,971 | 74,402 | 77,702 | 45,360 |
3. | Ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company’s independent auditors for 2010. |
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
1,846,821 | 6,352 | 19,902 | 45,360 |
Item 8.01. | Other Events. |
HomeTown Bankshares Corporation’s Board of Directors approved a 10 percent stock dividend payable on July 19, 2010 to shareholders of record on June 18, 2010. The details of the stock dividend are included in the Company’s Press Release dated May 18, 2010 filed as Exhibit 99 to this Form 8-K and incorporated by reference herein.
Item 9.01. | Financial Statements and Exhibits. |
(c) | Exhibits |
Exhibit | Description | |
99 | Press Release |
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.
HOMETOWN BANKSHARES CORPORATION | ||||||
Date: May 18, 2010 | By: | /S/ CHARLES W. MANESS, JR. | ||||
Charles W. Maness, Jr., | ||||||
Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit | Description | |
99 | Press Release |