05/22/2026 | Press release | Distributed by Public on 05/22/2026 12:22
Item 5.07. Submission of Matters to a Vote of Security Holders
The following matters were submitted to a vote of security holders, at the Annual Meeting of Shareholders of Community Bancorp. on May 19, 2026:
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Proposal 1. |
To elect two directors to the class whose term will expire at the 2029 annual meeting of shareholders; |
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Proposal 2. |
To ratify the selection of the independent registered public accounting firm of BDMP Assurance, LLP as the Corporation's external auditors for the fiscal year ending December 31, 2026. |
As of March 25, 2026, the record date for the Annual Meeting, there were 5,580,648 shares of the Company's $2.50 par value common stock outstanding, and each share was entitled to one vote on all matters submitted to the shareholders for vote at the meeting.
The vote results are as follows:
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AUTHORITY |
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WITHHELD/ |
BROKER |
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MATTER |
FOR |
AGAINST |
ABSTAIN |
NON-VOTE |
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Proposal 1. Election of Incumbent Directors: |
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Emma L. Marvin |
2,307,572 | N/A | 121,828 | 950,126 | ||||||||||||
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Jacques R. Couture |
2,137,380 | N/A | 292,020 | 950,126 | ||||||||||||
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Proposal 2. Selection of External Auditors: |
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BDMP Assurance, LLP |
3,373,079 | 1,252 | 5,195 | 0 | ||||||||||||
In accordance with section 3.02 of the Company's Bylaws, each of the directors was elected, having received the affirmative vote of at least a majority of the shares represented at the meeting and entitled to vote. Proposal 2 was approved, with more votes cast "FOR" than "AGAINST".
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2 |