UNITED STATES OF AMERICA
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 10, 2019 (May 9, 2019)
CHEMUNG FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
| New York | | 0-13888 | | 16-1237038 |
| (State or other jurisdiction | | (Commission File Number) | | (IRS Employer |
| of incorporation) | | | | Identification No.) |
One Chemung Canal Plaza, Elmira, NY 14901
(Address of principal executive offices) (Zip Code)
(607) 737-3711
(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:
[ ] 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 240.16e-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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ ]
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. [ ]
Securities registered pursuant to Section 12(b) of the Exchange Act:
| Common stock, par value $0.01 per share | | CHMG | | Nasdaq Global Select Market |
| (Title of each class) | | (Trading symbol) | | (Name of exchange on which registered |
| Item 5.07 | Submission of Matters to a Vote of Security Holders |
At the Annual Meeting of Shareholders of Chemung Financial Corporation (“the Corporation”), held on May 9, 2019, shareholders voted on three proposals. The Corporation’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 29, 2019 describes each proposal in detail. Each of the three proposals and vote counts are included below.
Proposal 1:Election of Directors.
| a. | The election of five directors for a term of three years expiring in 2022. |
Nominees | Votes For | Votes Withheld | Broker Non-Votes |
| Ronald M. Bentley | 3,234,930 | 178,309 | 818,384 |
| David M. Buicko | 3,327,201 | 86,037 | 818,384 |
| Robert H. Dalrymple | 3,274,938 | 138,300 | 818,384 |
| Jeffrey B. Streeter | 3,329,489 | 83,749 | 818,384 |
| Richard W. Swan | 3,272,834 | 140,404 | 818,384 |
Nominees Bentley, Buicko, Dalrymple, Streeter and Swan were elected.
| b. | The election of one director for a term of one year expiring in 2020. |
Nominees | Votes For | Votes Withheld | Broker Non-Votes |
| Larry H. Becker | 3,310,995 | 102,244 | 818,384 |
Nominee Becker was elected.
Proposal 2:To approve, on a non-binding, advisory basis, the compensation of the Named Executive Officers of the Corporation and the Bank (“Say-On-Pay”).
| Say-on-Pay |
| Votes For | Votes Against | Votes Abstained | Broker Non-Votes |
| 3,219,280 | 151,145 | 42,814 | 818,384 |
The Corporation’s and Bank’s Named Executive Officers’ compensation was approved.
Proposal 3:Ratification of the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2019.
| | Votes For | Votes Against | Votes Abstained |
| | 4,196,668 | 20,281 | 14,673 |
The appointment of Crowe LLP was ratified.
| Item 7.01 | Regulation FD Disclosure |
On May 9, 2019, Chemung Financial Corporation held its Annual Meeting of shareholders. Anders M. Tomson, President and Chief Executive Officer, made a presentation at the Annual Meeting, which included slides containing financial and other information. A copy of the presentation is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit No.
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.
| | CHEMUNG FINANCIAL CORPORATION |
| | | |
| | | |
| May 10, 2019 | By: | /s/ Karl F. Krebs |
| | | Karl F. Krebs |
| | | Chief Financial Officer and Treasurer |
