West Coast Community Bancorp Announces Annual Shareholder Voting Results
Director |
For |
Percent of Votes |
Withheld |
Percent of |
|
4,159,615 |
86.75 |
635,512 |
13.25 |
|
4,372,504 |
91.19 |
422,623 |
8.81 |
|
4,490,668 |
93.65 |
304,459 |
6.35 |
|
4,346,774 |
90.65 |
448,353 |
9.35 |
|
4,270,614 |
89.06 |
524,513 |
10.94 |
|
4,342,246 |
90.56 |
452,881 |
9.44 |
|
4,573,907 |
95.39 |
221,220 |
4.61 |
|
4,242,358 |
88.47 |
552,769 |
11.53 |
The number voting "For" constituted over 86% of the total number of shares represented for all directors listed to this item of business.
The appointment of
For: 6,596,158
Against: 10,788
Abstain: 21,810
The number voting "For" constituted 99.51% of the total number of shares represented and voting at the meeting with respect to this item of business.
In the final matter voted on at the annual meeting, shareholders approved the
For: 4,391,970
Against: 377,021
Abstain: 26,136
The number voting "For" constituted 91.59% of the total number of shares represented and voting at the meeting with respect to this item of business.
Following the meeting, the Bank's board set the number of directors to serve on the board for the ensuing year at eight (8).
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Forward-Looking Statements
This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates (including but not limited to changes in depositor behavior in relation thereto), inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, health of the real estate market in California, Bancorp's ability to effectively execute its business plans, and other factors beyond Bancorp and the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. Bancorp undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.
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