UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): May 25, 2011
PEOPLES BANCORPORATION, INC.
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Incorporated under the
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Commission File No. 000-20616
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I.R.S. Employer
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laws of South Carolina
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Identification No.
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57-0951843
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1818 East Main Street
Easley, South Carolina 29640
Telephone: (864) 859-2265
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 the 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 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.
The Company held its Annual Meeting of Shareholders on May 25, 2011. At that meeting, two matters were voted on as follows:
(1) Five directors were elected to each serve three year terms. The voting results were as follows:
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Name
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FOR
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WITHHOLD
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BROKER
NON-VOTES
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Nominees for three year terms expiring in 2014:
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| 3,519,693 | 73,913 | 0 | |
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Charles E. Dalton
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3,489,825 | 103,781 | 0 |
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George Weston Nalley
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3,482,027 | 111,579 | 0 |
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William R. Rowan, III
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3,540,459 | 53,147 | 0 |
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D. Gray Suggs
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3,528,790 | 64,816 | 0 |
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L. Andrew Westbrook, III
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0 | ||
One director was elected to serve a one year term. The voting results were as follows:
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Name
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FOR
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WITHHOLD
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BROKER
NON-VOTES
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R. Riggie Ridgeway
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3,485,586 | 108,020 | 0 |
The following directors’ terms of office continue after the Annual Meeting:
Timothy J. Reed (2012), Robert E. Dye, Jr. (2012), W. Rutledge Galloway (2012), E. Smyth McKissick, III (2012), William B. West (2012), Paul C. Aughtry, III (2013), R. David Land (2013), Eugene W. Merritt, Jr. (2013), George B. Nalley, Jr. (2013)
(2) Shareholders also voted on a nonbinding proposal for approval of executive compensation. The voting results were as follows:
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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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| 3,396,155 | 164,779 | 32,672 | 0 |
Pursuant to 12 C.F.R. 240.14a-20, no vote on the frequency of the vote on executive compensation was required at the 2011 Annual Meeting because the Company is a TARP recipient (as defined in 12 U.S.C. 5221(a)(3)), and the Company’s obligations arising from financial assistance provided under the TARP (as defined in 12 U.S.C. 5202(8)) remain outstanding.
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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.
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PEOPLES BANCORPORATION, INC.
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(Registrant)
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Date: May 25, 2011
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By:
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/s/ Robert E. Dye, Jr.
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Robert E. Dye, Jr.
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Senior Vice President (Principal Financial
and Principal Accounting Officer)
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