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 24, 2012 |
CIB Marine Bancshares, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Wisconsin | 000-24149 | 37-1203599 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 1930 West Bluemound Road, Suite D, Waukesha, Wisconsin | 53186 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 262-695-6010 |
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.
CIB Marine Bancshares, Inc. (the “Company”) held its annual meeting of shareholders on May 24, 2012 (the “Annual Meeting”). A total of 9,466,673 shares, or 52.22% of eligible voting shares were voted. At the meeting, shareholders voted to elect all three of the nominees proposed by the Company to serve on CIB Marine’s Board of Directors, and ratified the appointment of Crowe Horwath LLP, as CIB Marine’s independent registered public accounting firm for the fiscal year ended December 31, 2012. The voting results were as follows:
Proposal 1: Election of Directors
| Director Elected | Votes For | Votes Withheld | Broker Non-Vote | |||||||||
| Mark A. Elste | 7,097,726 | 388,848 | 1,980,099 | |||||||||
| Charles D. Mires | 7,099,726 | 386,848 | 1,980,099 | |||||||||
| Ronald E. Rhoads | 7,101,121 | 385,453 | 1,980,099 | |||||||||
Proposal 2: Ratification of Independent Registered Public Accounting Firm
| Votes For | Votes Against | Abstain | Broker Non-Vote | |||||||
| 9,088,651 | 249,529 | 208,493 | — | |||||||
Item 8.01 Other Events.
On May 24, 2012, CIB Marine Bancshares, Inc. filed a Form 15 with the Securities and Exchange Commission to deregister the Company’s common stock under Section 12(g)(4) of the Securities Exchange Act of 1934, as amended by the Jumpstart Our Business Startups Act (as amended, the “Exchange Act”). The Company expects the deregistration to be effective 90 days after the filing of the Form 15.
On May 25, 2012, the Company issued a shareholder letter announcing the voting results of its annual meeting of shareholders held on May 24, 2012, and the filing of a Form 15 with the SEC. A copy of the shareholder letter is attached as Exhibit 99.1 and incorporated herein by reference.
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.
| CIB Marine Bancshares, Inc. | ||||
| May 25, 2012 | By: | Charles J. Ponicki | ||
| Name: Charles J. Ponicki | ||||
| Title: President & CEO | ||||
Exhibit Index
| Exhibit No. | Description | |
99.1 | Shareholder letter dated May 25, 2012. |
