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): April 21, 2011
Southside Bancshares, Inc.
(Exact name of registrant as specified in its charter)
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Texas
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0-12247
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75-1848732
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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1201 S. Beckham, Tyler, Texas
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75701
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code (903) 531-7111
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(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:
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Written communications pursuant to Rule 425 under Securities Act (17 CFR 230-425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240-14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
The annual meeting of the shareholders was held on April 21, 2011, in Tyler, Texas. Five directors were elected for a term of three years and one director was elected for a term of two years. The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2011, was ratified. The shareholders adopted, on a non-binding, advisory basis, a proposal approving the compensation of the Company’s named executive officers (“Say on Pay”). The shareholders selected, on a non-binding, advisory basis, a triennial vote for the frequency at which the Company should include an advisory vote on the compensation of the Company’s named executive officers in its proxy statement for shareholder consideration (“Frequency of Say on Pay”).
The final voting results are set forth below:
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Shares Voted
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Nominees for Director for a term expiring at the 2014 Annual Meeting
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For
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Withheld
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Broker
Non Votes
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Sam Dawson
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10,559,953 | 115,905 | 2,802,353 | |||||||||
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Melvin B. Lovelady
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10,596,264 | 79,594 | 2,802,353 | |||||||||
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William Sheehy
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10,072,513 | 603,345 | 2,802,353 | |||||||||
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Preston L. Smith
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10,602,421 | 73,437 | 2,802,353 | |||||||||
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Lawrence Anderson, M.D.
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10,527,424 | 148,434 | 2,802,353 | |||||||||
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Nominee for Director for a term expiring at the 2013 Annual Meeting
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For
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Withheld
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Broker
Non Votes
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Pierre de Wet
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10,483,658 | 192,200 | 2,802,353 | |||||||||
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For
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Against
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Abstain
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Ratification of Independent Registered Public Accounting Firm
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13,146,873 | 323,389 | 7,949 | |||||||||
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For
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Against
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Abstain
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Broker
Non-Votes
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Say on Pay
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10,340,585 | 132,144 | 203,129 | 2,802,353 | ||||||||||||
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3 Years
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2 Years
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1 Year
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Abstain
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Broker Non-Votes
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Frequency of Say on Pay
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6,107,827 | 177,412 | 4,208,123 | 182,496 | 2,802,353 | |||||||||||||||
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Outstanding
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# Voted
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% Voted
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At Date of Record
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15,637,272 | 13,478,211 | 86.19 | |||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Southside Bancshares, Inc.
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Date: April 27, 2011
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By:
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/s/ LEE R. GIBSON
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Lee R. Gibson, CPA
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Senior Executive Vice President and Chief Financial Officer
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