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 2, 2017
ACNB Corporation
(Exact name of Registrant as specified in its charter)
Pennsylvania | | 1-35015 | | 23-2233457 |
(State or other
jurisdiction of
incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
16 Lincoln Square, Gettysburg, PA | | 17325 |
(Address of principal executive offices) | | (Zip Code) |
717.334.3161
(Registrant’s telephone number, including area code)
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
CURRENT REPORT ON FORM 8-K
ITEM 5.07 Submission of Matters to a Vote of Security Holders
On May 2, 2017, ACNB Corporation (the “Company”) held its 2017 Annual Meeting of Shareholders (the “Annual Meeting”). A total of 6,064,138 shares of the Company’s common stock were entitled to vote as of March 13, 2017, the record date for the Annual Meeting. There were 4,524,682 shares present in person or by proxy at the Annual Meeting, at which the shareholders were asked to vote on nine (9) proposals. Set forth below are the matters acted upon by the shareholders at the Annual Meeting, and the final voting results of each such proposal.
Proposal No. 1 — To Fix the Number of Directors
The shareholders voted to fix the number of the Company’s Directors at sixteen (16). The results of the vote were as follows:
For | | Against | | Abstain | | Broker Non-Votes | |
4,314,319 | | 144,837 | | 65,526 | | -0- | |
Proposal No. 2 — To Fix the Number of Class 1 Directors
The shareholders voted to fix the number of Class 1 Directors at six (6). The results of the vote were as follows:
For | | Against | | Abstain | | Broker Non-Votes | |
4,335,268 | | 123,907 | | 65,507 | | -0- | |
Proposal No. 3 — To Fix the Number of Class 2 Directors
The shareholders voted to fix the number of Class 2 Directors at six (6). The results of the vote were as follows:
For | | Against | | Abstain | | Broker Non-Votes | |
4,336,405 | | 121,572 | | 66,705 | | -0- | |
Proposal No. 4 — To Fix the Number of Class 3 Directors
The shareholders voted to fix the number of Class 3 Directors at four (4). The results of the vote were as follows:
For | | Against | | Abstain | | Broker Non-Votes | |
4,318,221 | | 138,992 | | 67,469 | | -0- | |
2
Proposal No. 5 — To Elect Class 3 Directors
The shareholders voted to elect four (4) Class 3 Directors to serve for terms of three (3) years and until their successors are elected and qualified. The results of the vote were as follows:
Name | | For | | Withheld | | Broker
Non-Votes | |
| | | | | | | |
Frank Elsner, III | | 2,726,550 | | 279,069 | | 1,519,063 | |
| | | | | | | |
James P. Helt | | 2,740,905 | | 264,714 | | 1,519,063 | |
| | | | | | | |
Scott L. Kelley | | 2,704,979 | | 300,640 | | 1,519,063 | |
| | | | | | | |
Daniel W. Potts | | 2,742,639 | | 262,980 | | 1,519,063 | |
Proposal No. 6 — To Elect a Class 2 Director
The shareholders voted to elect one (1) Class 2 Director to serve for a term of one (1) year and until his successor is elected and qualified. The results of the vote were as follows:
Name | | For | | Withheld | | Broker
Non-Votes | |
Thomas A. Ritter | | 2,681,035 | | 324,584 | | 1,519,063 | |
Proposal No. 7 — To Conduct a Non-Binding Vote on Executive Compensation
The shareholders voted to approve, on a non-binding basis, the compensation paid to the Company’s Named Executive Officers. The results of the vote were as follows:
For | | Against | | Abstain | | Broker
Non-Votes | |
2,301,377 | | 580,509 | | 123,733 | | 1,519,063 | |
Proposal No. 8 — To Conduct a Non-Binding Vote on the Frequency of Non-Binding Shareholder Votes on Executive Compensation
The shareholders voted to recommend, in a non-binding vote, a non-binding shareholder vote to approve the compensation of the Company’s Named Executive Officers should occur every one (1) year. The results of the vote were as follows:
3
1 Year | | 2 Years | | 3 Years | | Abstain | | Broker
Non-Votes | |
2,295,088 | | 161,326 | | 425,861 | | 123,344 | | 1,519,063 | |
Proposal No. 9 — To Ratify the Selection of the Independent Registered Public Accounting Firm
The shareholders voted to ratify the selection of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017. The results of the vote were as follows:
For | | Against | | Abstain | | Broker Non-Votes | |
4,417,641 | | 34,668 | | 72,373 | | -0- | |
ITEM 7.01 Regulation FD Disclosure
On May 2, 2017, David W. Cathell, Executive Vice President/Treasurer & Chief Financial Officer of the Registrant, and James P. Helt, President of ACNB Bank, a subsidiary of the Registrant, gave a presentation at the 2017 Annual Meeting of Shareholders. A copy of the presentation slides is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number | | Description |
| | |
99.1 | | 2017 Annual Meeting Presentation Slides. |
99.2 | | 2017 Annual Meeting Press Release dated May 4, 2017. |
4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
| ACNB CORPORATION |
| (Registrant) |
| |
| |
Dated: May 4, 2017 | /s/ Lynda L. Glass |
| Lynda L. Glass |
| Executive Vice President/ |
| Secretary & Chief Governance Officer |
5
EXHIBIT INDEX
EXHIBIT NO. | | |
| | |
99.1 | | 2017 Annual Meeting Presentation Slides. |
99.2 | | 2017 Annual Meeting Press Release dated May 4, 2017. |
6
