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8-KThe WireRoutine

Shareholder Vote

Filed May 21, 2020 · 6y ago · Accession 0001104659-20-064684

Plain English

Material event — a significant development the company must disclose promptly.

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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 18, 2020   INTERNATIONAL BANCSHARES CORPORATION (Exact name of registrant as specified in its charter)     Texas   000-9439   74-2157138 (State or other jurisdiction   (Commission File   (IRS Employer of incorporation   Number)   Identification No.)     1200 San Bernardo , Laredo , Texas   78040-1359 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code   ( 956 ) 722-7611   None (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 250.13e-4 (c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class:   Trading Symbol   Name of each exchange on which registered: Common Stock, $1.00 par value   IBOC   NASDAQ   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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).   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 5.07 Submission of Matters to a Vote of Security Holders.   On May 18, 2020, International Bancshares Corporation (the “Company”) held its 2020 Annual Meeting of Shareholders (the “Annual Meeting”), at which the Company submitted the following proposals to its shareholders for a vote:     (1) To elect eight (8) directors to serve until the next Annual Meeting of Shareholders and until their successors shall have been duly elected and qualified;     (2) To ratify the appointment of RSM US LLP as independent auditors for the fiscal year ending December 31, 2020; and     (3) To consider and approve a non-binding advisory resolution to approve the compensation of the Company’s named executive officers as described in the Compensation Discussion and Analysis and the tabular disclosures in the Proxy Statement.   The following table lists the final voting results for Proposals 1, 2, and 3 at the Annual Meeting:       For     Against     Abstain     Broker Non- Votes   Election of Directors  :                                 Javier De Anda     52,462,967       463,662       17,492       7,688,718   Irving Greenblum     33,021,876       19,905,422       16,824       7,688,717   Douglas B. Howland     40,962,985       11,963,538       17,599       7,688,717   Rudolph M. Miles     52,637,910       288,612       17,599       7,688,718   Dennis E. Nixon     50,989,828       1,937,375       16,919       7,688,717   Larry A. Norton     40,976,096       11,951,108       16,919       7,688,716   Roberto R. Resendez     52,603,016       323,506       17,599       7,688,718   Antonio R. Sanchez, Jr.     52,282,965       643,846       17,312       7,688,716                                       Ratification of RSM US LLP     58,385,873       295,724       18,500       1,960,812                                     Non-binding Advisory Resolution on Compensation     52,372,525       531,793       39,805       7,688,716     Based on the foregoing results, each of the above director nominee was elected by a majority vote standard, which is the voting standard required by the Company’s Articles of Incorporation for uncontested director elections. Proposals 2 and 3 were also approved by majority vote.       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.     INTERNATIONAL BANCSHARES CORPORATION   (Registrant)     By: /s/ Dennis E. Nixon      Dennis E. Nixon, President and Chairman of the     Board   Date: May 21, 2020
Filing details
Ticker
IBOC
CIK
315709
Form type
8-K
Filing date
May 21, 2020
Report date
May 18, 2020
Document
tm2020277-1_8k.htm
Size
204 KB