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 27, 2020

SIERRA BANCORP

(Exact name of registrant as specified in its charter)


 

 

 

 

California

000-33063

33-0937517

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

86 North Main Street, Porterville, CA  93257

(Address of principal executive offices)

(Zip code)

 

(559) 782-4900

 (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):

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))

Securities registered pursuant to Section 12(b) of the Act:

 

 

 

 

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common Stock, no par value

 

BSRR

 

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

Item 5.07submission of matters to a vote of security holders

The Company’s annual meeting of shareholders was held on May 27, 2020, at which time shareholders voted in favor of item 1, election of directors, item 2, ratification of appointment of independent accountants, and item 3, advisory vote on executive compensation.  Proxies were solicited by the Company’s management pursuant to Regulation 14 under the Securities Exchange Act of 1934.

 

A total of 12,705,572 shares were represented and voting at the meeting, constituting 83.6% of the 15,190,038 issued and outstanding shares entitled to vote at the meeting.  There was no solicitation in opposition to Management’s nominees for directorship as listed in the proxy statement, and all of such nominees were elected pursuant to the vote of shareholders.  The vote on the election of the four nominees to serve as Class I directors for two-year terms was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

For

Percent Votes Cast “For”

 

Withheld

Percent Votes Withheld

Robb Evans

8,639,245

81.82%

1,919,114

18.18%

James C. Holly

6,225,653

58.96%

4,332,706

41.04%

Lynda B. Scearcy

8,506,660

80.57%

2,051,699

19.43%

Morris A. Tharp

8,324,912

78.85%

2,233,447

21.15%

 

 

 

 

There were 2,147,213 broker non-votes received with respect to this each nominee.

The terms of the following directors continued after the shareholders’ meeting:  Albert L. Berra, Vonn R. Christenson, Laurence S. Dutto, Kevin J. McPhaill, and Gordon T. Woods.

The appointment of Eide Bailly LLC as the Company’s independent registered public accounting firm for 2020 was ratified, with the number of shares cast as follows:

For:12,681,524

Against:23,623

Abstain:425

The number voting “for” constituted 99.8% of the total number of shares represented and voting at the meeting with respect to proposal 2.  There were no broker non-votes with respect to this item.

The advisory vote on executive compensation was approved, with the number of shares cast as follows:

For:9,376,849

Against:1,139,346

Abstain:42,164

The number voting “for” constituted 88.8% of the total number of shares represented and voting at the meeting with respect to proposal 3.  There were 2,147,213 broker non-votes received with respect to this item.

 

 

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 


Executive Vice President &
Chief Financial Officer

 

 

 

 

 

Dated:  May 28, 2020

SIERRA BANCORP



By: 
/s/ Christopher G. Treece

Christopher G. Treece
Executive Vice President &
Chief Financial Officer

 

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