8-K 1 e00252_hcsb-8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): July 22, 2014

 

 

HCSB FINANCIAL CORPORATION

(Exact Name of Registrant As Specified in Its Charter)

 

   South Carolina    

(State or Other Jurisdiction of Incorporation)

 

000-26995 57-1079444
(Commission File Number) (I.R.S. Employer Identification No.)

 

 

3640 Ralph Ellis Blvd, Loris, South Carolina 29569
(Address of Principal Executive Offices) (Zip Code)

 

   (843) 756-6333   

(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 (see General Instruction A.2. below):

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  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.

 

The 2014 Annual Meeting of Shareholders of HCSB Financial Corporation (the “Company”) was held on July 22, 2014 at the Center for Health and Fitness at 3207 Casey Street, Loris, South Carolina. Of the 3,738,337 shares of the Company’s common stock outstanding, at the Annual Meeting there were present in person or by proxy 2,163,789 shares of common stock, representing approximately 57.88% of the total outstanding eligible votes. The shareholders of the Company voted: (1) to elect three Class II members and three Class III members to the Board of Directors; (2) to ratify the appointment of Elliott Davis, LLC as the Company’s independent registered public accountants for the fiscal year ended December 31, 2014; and (3) to approve an advisory resolution to approve the compensation of the Company’s named executive officers.

 

1.          To elect three Class II members and three Class II members to the Board of Directors:

 

Class II:  For  Withheld  Broker Non-Vote
Michael S. Addy   1,779,192    105,567    279,030 
Clay D. Brittain, III   1,783,187    101,572    279,030 
James R. Clarkson   1,793,990    90,769    279,030 

 

Class III:  For  Withheld  Broker Non-Vote
Johnny C. Allen   1,825,714    59,045    279,030 
Tommie W. Grainger   1,827,164    57,595    279,030 
Gwyn G. McCutchen, D.D.S.   1,849,706    35,053    279,030 

 

The other directors that continued in office after the meeting are as follows:

 

Class I:
D. Singleton Bailey
T. Freddie Moore
Carroll D. Padgett, Jr.

 

2.          To ratify the appointment of Elliott Davis, LLC as the Company’s independent registered public accountants:

 

For  Against  Abstain
 2,083,123    53,256    60,324 

 

3.          To approve an advisory resolution to approve the compensation of the Company’s named executive officers:

 

For  Against  Abstain  Broker Non-Vote
 1,662,867    161,568    60,324    279,030 

 

 
 

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.

 

 

  HCSB FINANCIAL CORPORATION
     
     
Dated: July 28, 2014 By: /s/ James R. Clarkson       
  Name:  James R. Clarkson  
  Title:  Chief Executive Officer