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:  June 18, 2013
(Date of earliest event reported)

 

Oak Valley Bancorp
(Exact name of registrant as specified in its charter)

 

CA
(State or other jurisdiction
of incorporation)

001-34142
(Commission File
Number)

26-2326676
(IRS Employer
Identification Number)

 

 

 

125 N. Third Ave. Oakdale, CA
(Address of principal executive offices)

95361
(Zip Code)

 

 

 

 

(209) 848-2265
(Registrant’s telephone number, including area code)

 

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:

 

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))

 



 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

At the Annual Meeting of Stockholders held June 18, 2013, the following matters were submitted to a vote of security holders with the indicated number of votes being cast for, against or withheld, and with the indicated number of abstentions:

 

1.                                    To re-elect three members and elect one new member of the Board of Directors to serve until the expiration of their three (3) year term or until their successors are duly elected and qualified.

 

 

 

Number of Votes

 

 

 

 

 

 

 

For

 

 

Withheld

 

Non-Vote

 

James L Gilbert

 

3,546,839

 

17,386

 

2,536,885

 

 

 

 

 

 

 

 

 

Janet S Pelton

 

3,544,584

 

19,641

 

2,536,885

 

 

 

 

 

 

 

 

 

Roger M Schrimp

 

3,544,234

 

19,991

 

2,536,885

 

 

 

 

 

 

 

 

 

Danny L Titus

 

3,544,468

 

19,757

 

2,536,885

 

 

2.                                    To ratify the appointment of Moss Adams, LLP as the Company’s registered public accounting firm, to perform audit services for the year 2013.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

6,084,168

 

25

 

16,917

 

0

 

 

 

3.                                    To adopt a non-binding advisory resolution approving the compensation of the Company’s senior executive officers.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,470,174

 

49,952

 

44,099

 

2,536,885

 

 

 

4.                                    To adopt a non-binding advisory vote on the frequency of the advisory vote on the compensation of our named executive officers.

 

1 Year

 

2 Years

 

3 Years

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

 

 

1,091,234

 

7,888

 

2,380,251

 

84,852

 

2,536,885

 

 



 

5.                                    To amend the Company’s Bylaws to change the date of the annual meeting of shareholders.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

6,013,334

 

29,208

 

58,568

 

0

 

 

 

6a.                             To amend the Company’s Bylaws to include corporate conversion as an action for which the meeting notice must state general nature of proposal.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,502,646

 

6,641

 

54,938

 

2,536,885

 

 

 

6b.                            To amend the Company’s Bylaws to provide for electronic delivery of notice of shareholder meetings.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,482,346

 

57,198

 

24,681

 

2,536,885

 

 

 

6c.                             To amend the Company’s Bylaws to enhance the notice procedure for director nomination and submission of other proposals by shareholders at annual meetings.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

2,730,222

 

819,687

 

14,316

 

2,536,885

 

 

 

6d.                           To amend the Company’s Bylaws to enhance the notice procedure for director nomination and submission of other proposals by shareholders at special meetings.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

2,723,892

 

828,622

 

11,711

 

2,536,885

 

 



 

6e.                             To amend the Company’s Bylaws to enhance the qualifications for director nominees and the procedures for presentation of business at annual shareholder meetings.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,537,756

 

16,565

 

9,904

 

2,536,885

 

 

 

7.                                    To amend the Company’s Bylaws to increase the fixed number of directors on the Board of Directors and delete a moot provision regarding the authorized number of directors.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,424,196

 

57,619

 

82,410

 

2,536,885

 

 

 

8.                                    To amend the Company’s Bylaws to update provisions regarding the election and term of office of directors.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,494,119

 

15,299

 

54,807

 

2,536,885

 

 

 

9.                                    To amend the Company’s Bylaws to update provisions regarding notices for and conduct of Board meetings.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,540,417

 

12,674

 

11,134

 

2,536,885

 

 

 

10.                            To amend the Company’s Bylaws to update provisions regarding director.

 

For

 

Against

 

Abstain

 

Non-Vote

 

 

 

 

 

 

 

 

 

3,541,961

 

12,630

 

9,634

 

2,536,885

 

 



 

Item 7.01. Regulation FD Disclosure.

 

Oak Valley Bancorp (“Company”) is furnishing presentation materials included as Exhibit 99.1 to this report pursuant to Item 7.01 of Form 8-K.  The Company presented these materials addressing, among other things, the Company’s business strategies and financial performance, at the Company’s Annual Meeting of Shareholders on Tuesday, June 18, 2013 at 2:00 p.m.  The foregoing description of information contained in the presentation is qualified by reference to such presentation materials attached as Exhibit 99.1.  The Company is not undertaking to update this presentation or the information contained therein.

 

The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

 

This report will not be deemed an admission as to the materiality of any information herein or contained in the presentation (including Exhibit 99.1).

 

 

Item 9.01. Financial Statements and Exhibits

 

(a) Financial statements:

None
(b) Pro forma financial information:

None
(c) Shell company transactions:

None
(d) Exhibits

99.1       Oak Valley Bancorp presentation materials on June 18, 2013

 


 

SIGNATURE

 

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.

 

Dated: June 20, 2013

 

 

OAK VALLEY BANCORP

 

 

 

By:

 /s/ Richard A. McCarty

 

 

     Richard A. McCarty

 

     Executive Vice President and Chief Financial Officer (Principal Financial Officer and duly authorized signatory)

 



 

Exhibit Index

 

Exhibit No.

 

Description

 

 

 

 

 

 

99.1

 

Oak Valley Bancorp presentation materials on June 18, 2013