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): May 8, 2012
CRESCENT FINANCIAL BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-32951 | 45-2915089 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
3600 Glenwood Avenue, Suite 300
Raleigh, North Carolina 27612
(Address of principal executive offices)
(919) 659-9000
(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:
| £ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| £ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| £ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| £ | 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. |
Crescent Financial Bancshares, Inc. (the “Company”) held its Combined 2011-2012 Annual Meeting of Stockholders on May 8, 2012. At the meeting, the Stockholders cast their votes as set forth below.
Proposal 1
The twelve director nominees named in the Company’s proxy statement were elected, to serve until the 2013 Annual Meeting of Stockholders and until their successors have been elected and qualified, based upon the following votes:
| Nominee | For | Withheld | Broker Non-Votes | |||||||||
| J. Adam Abram | 26,340,561 | 20,712 | 951,364 | |||||||||
| Brent D. Barringer | 26,333,711 | 27,562 | 951,364 | |||||||||
| David S. Brody | 26,352,080 | 9,193 | 951,364 | |||||||||
| Alan N. Colner | 26,351,880 | 9,393 | 951,364 | |||||||||
| Scott M. Custer | 26,334,509 | 26,764 | 951,364 | |||||||||
| Thierry Ho | 26,352,080 | 9,193 | 951,364 | |||||||||
| Steven J. Lerner | 26,352,080 | 9,193 | 951,364 | |||||||||
| James A. Lucas, Jr. | 26,333,711 | 27,562 | 951,364 | |||||||||
| Charles A. Paul, III | 26,352,580 | 8,693 | 951,364 | |||||||||
| Jon S. Rufty | 26,342,086 | 19,187 | 951,364 | |||||||||
| A. Wellford Tabor | 26,345,628 | 15,645 | 951,364 | |||||||||
| Nicholas D. Zerbib | 26,345,628 | 15,645 | 951,364 |
Proposal 2
The proposal to approve, on a non-binding basis, the executive compensation was approved based upon the following votes:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 26,226,335 | 101,572 | 33,365 | 951,364 |
Proposal 3
The proposal to ratify the appointment of Dixon Hughes Goodman LLP as the Company’s independent public accounting firm for the fiscal year ending December 31, 2012, was approved based upon the following votes:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 27,305,718 | 6,019 | 899 | 0 |
Signatures
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.
| Date: May 10, 2012 | CRESCENT FINANCIAL BANCSHARES, INC. | ||
| By: | /s/ Terry Earley | ||
| Name: Terry Earley | |||
| Title: Chief Financial Officer | |||