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): August
16, 2013
ATLANTIC
COAST FINANCIAL CORPORATION
(Exact
name of Registrant as specified in its charter)
|
Maryland |
001-35072 |
65-1310069 |
|
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
|
10151 Deerwood Park Blvd., Suite 200, Jacksonville, FL 32256 |
|
(Address of principal executive offices) |
(800) 342-2824
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.
On August 16, 2013, Atlantic Coast Financial Corporation (the “Company”) held its Annual Meeting of Stockholders. At the Annual Meeting, stockholders considered the election of directors, the ratification of the independent registered public accounting firm, the non-binding advisory proposal to approve executive compensation, and the frequency of future non-binding advisory proposals. Messrs. Bhasin, Champagne and Dolan were elected for three-year terms, subject to the review and non-objection of the Federal Reserve Bank of Atlanta. The three current directors who did not seek reelection , Thomas F. Beeckler, Charles E. Martin, Jr. and Forrest W. Sweat, Jr., will continue to serve until their successors receive non-objection from the Federal Reserve Bank of Atlanta. A breakdown of the votes cast is set forth below.
|
|
Broker |
||||||||
|
1. |
The election of directors |
For |
Withheld |
non-votes |
|||||
|
Dave Bhasin |
1,535,788 |
128,497 |
498,037 |
||||||
|
Kevin G. Champagne |
1,553,522 |
110,763 |
498,037 |
||||||
|
John J. Dolan |
1,553,522 |
110,763 |
498,037 |
|
2. |
The ratification of the appointment of McGladrey LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2013. |
|||||||||
|
Broker |
||||||||||
|
For |
Against |
Abstain |
Non-votes |
|||||||
|
2,124,910 |
29,282 |
8,130 |
-0- |
|||||||
|
3. |
The non-binding advisory proposal to approve executive compensation. |
|||||||||
|
Broker |
|
|||||||||
|
For |
Against |
Abstain |
Non-votes |
|
||||||
|
1,466,921 |
178,939 |
18,425 |
498,037 |
|
||||||
|
4. |
The frequency of future non-binding advisory proposals to approve executive compensation. |
||||||||||
|
One |
Two |
Three |
Broker |
||||||||
|
Year |
Years |
Years |
Abstain |
Non-votes |
|||||||
|
440,902 |
18,766 |
1,117,989 |
86,628 |
498,037 |
|||||||
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.
|
ATLANTIC COAST FINANCIAL CORPORATION |
||
|
Date: |
August 20, 2013 |
By: /s/ Thomas Wagers, Sr. |
|
Thomas Wagers, Sr. |
||
|
Interim President and Chief Executive Officer |
||
|
(Duly Authorized Representative) |