Solera National Bancorp Announces 2017 Annual Meeting Results
June 27, 2017 at 06:01 pm
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LAKEWOOD, Colo., June 27, 2017 (GLOBE NEWSWIRE) -- At the Solera National Bancorp, Inc. (the “Company”) (OTC:SLRK) annual shareholder meeting held on June 21, 2017, the shareholders elected the seven directors standing for election and ratified the selection of Eide Bailly, as Solera National Bancorp, Inc.’s independent registered public accounting firm for the 2017 fiscal year. At the meeting, holders of 1,486,451 shares of common stock of the Company were present, in person or by proxy, accounting for 54.5% of the 2,727,813 shares entitled to vote.
The following is a summary of the voting results for each matter presented to our shareholders:
1. The election of seven directors to the Board of Directors of Solera National Bancorp, Inc. for terms expiring at the 2018 annual meeting of shareholders and/or until their successors are duly elected and qualified. The shares were voted for each as follows:
FOR
WITHHELD
BROKER NON-VOTES
TOTAL
Robert J. Fenton
1,204,265
41,700
240,486
1,486,451
Melissa K. Larkin
1,221,765
24,200
240,486
1,486,451
Marty P. May
1,221,765
24,200
240,486
1,486,451
Rene Morin
1,219,765
26,200
240,486
1,486,451
Michael D. Quagliano
1,218,926
27,039
240,486
1,486,451
Philip J. Randell
1,242,965
3,000
240,486
1,486,451
Alan D. Weel
1,242,965
3,000
240,486
1,486,451
2. The ratification of Eide Bailly as the independent registered public accounting firm for Solera National Bancorp, Inc. for the fiscal year ending December 31, 2017. The vote with respect to this proposal was:
FOR
AGAINST
ABSTAIN
BROKER NON-VOTES
TOTAL
1,465,901
500
20,050
—
1,486,451
Mr. Eric B. Liebman elected not to stand for reelection as a director of the Company and Solera National Bank upon the expiration of his term. As such, Mr. Liebman resigned as a director of the Company and Solera National Bank, effective immediately following the adjournment of the Annual Meeting held on June 21, 2017. Mr. Liebman’s decision to not stand for reelection was not due to any disagreement on any matter relating to the Company’s or the Bank’s operations, policies or practices. The Company thanks Mr. Liebman for his years of service as a director.
Contact:
Martin P. May, President & CEO 303.937.6422 -or-
Melissa K. Larkin, EVP, CFO 303.937.6423
Solera National Bancorp, Inc. is the holding company for Solera National Bank (Bank). The Bank is a business-focused bank located in the Denver metropolitan area. The Bank serves the needs of emerging businesses and real estate investors. The Bank offers a range of commercial and consumer banking services. The Bank aggregates loans into five portfolio segments: commercial real estate, residential real estate, commercial and industrial, construction and land development, and consumer. The Bank's personal banking services include checking accounts, savings accounts, certificates of deposits (CDs), other products and services, certificate of deposit account registry service (CDARS) and others. The Bank's business banking services include checking accounts, savings accounts, business loans, CDs, remote deposit, CDARS, telephone banking, loans, treasury management and additional business services.