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): December 27, 2010 (December
23, 2010)
CASCADE
BANCORP
(Exact
name of Registrant as specified in its charter)
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Oregon
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0-23322
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93-1034484
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(State
or other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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incorporation
or organization)
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1100
NW Wall Street
Bend,
Oregon 97701
(Address
of principal executive offices)
(Zip
Code)
(541)
385-6205
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K file is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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ITEM 5.07 Submission
of Matters to a Vote of Security Holders.
On December 23, 2010, Cascade Bancorp
(NASDAQ: CACB) (the “Company”) held a special meeting of
shareholders. Two proposals were submitted to and approved by the
Company’s shareholders. The holders of 1,614,496 shares of the
Company’s common stock (56.58% of the outstanding shares entitled to vote as of
the record date) were represented at the special meeting in person or by
proxy. The proposals are described in detail in the Company’s proxy
statement on Schedule 14A, filed with the Securities and Exchange Commission on
November 30, 2010. The final results were as follows:
Proposal
1. To approve an amendment to the Company’s Articles of
Incorporation, as amended, to increase the number of authorized shares of the
Company’s common stock from 40,000,000 to 100,000,000.
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For
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Against
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Abstain
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Broker non-vote
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1,589,463
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21,910
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3,123
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0
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Proposal
2. To approve the issuance of up to $177 million of the Company’s
common stock to investors in private offerings exempt from registration under
the Securities Act of 1933, as amended, pursuant to Securities Purchase
Agreements entered into by the Company and such investors on November 16, 2010,
which will result in such investors acquiring in the aggregate approximately 94%
of the outstanding voting securities of the Company.
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For
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Against
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Abstain
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Broker non-vote
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1,588,285
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22,023
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4,188
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0
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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, thereto duly
authorized.
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CASCADE
BANCORP
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By:
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/s/ Patricia L. Moss | |
| Patricia L. Moss | |||
| President & CEO | |||
Date: December 27,
2010