0001157523-14-002522.txt : 20140624 0001157523-14-002522.hdr.sgml : 20140624 20140611171754 ACCESSION NUMBER: 0001157523-14-002522 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140609 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20140611 DATE AS OF CHANGE: 20140611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FOUR OAKS FINCORP INC CENTRAL INDEX KEY: 0001040799 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 562028446 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22787 FILM NUMBER: 14905343 BUSINESS ADDRESS: STREET 1: 6114 US 301 SOUTH CITY: FOUR OAKS STATE: NC ZIP: 27524 BUSINESS PHONE: 9199632177 MAIL ADDRESS: STREET 1: 6114 US 301 SOUTH STREET 2: P O BOX 309 CITY: FOUR OAKS STATE: NC ZIP: 27524 8-K 1 a50884894.htm FOUR OAKS FINCORP, INC. 8-K a50884894.htm

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): June 9, 2014



FOUR OAKS FINCORP, INC.
(Exact name of registrant as specified in its charter)

 
North Carolina
000-22787
56-2028446
(State or other jurisdiction of
incorporation)
(Commission File
Number)
(I.R.S. Employer
Identification Number)
 
6114 U.S. 301 South
  
Four Oaks, North Carolina
27524
(Address of principal executive offices)
(Zip Code)


(919) 963-2177
Registrant's telephone number, including area code

N/A
(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:
 
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.

Four Oaks Fincorp, Inc. (the “Company”) held its Annual Meeting of Shareholders on June 9, 2014.  The shareholders considered three proposals, each of which is described in more detail in the Company's definitive proxy statement dated May 5, 2014.

Proposal 1:  To elect eight nominees to the Company's Board of Directors.  The votes were cast as follows:
 
 
For
  
Withheld
  
Broker Non-Votes
Robert Gary Rabon
3,416,679
  
586,287
  
2,008,296
William J. Edwards
3,462,819
  
540,147
  
2,008,296
Percy Y. Lee
3,415,296
  
587,670
  
2,008,296
Ayden R. Lee, Jr.
3,436,542
  
566,424
  
2,008,296
Warren L. Grimes
3,351,987
  
650,980
  
2,008,296
Michael A. Weeks
3,551,364
  
451,602
  
2,008,296
Dr. R. Max Raynor, Jr.
3,360,726
  
642,241
  
2,008,296
Paula Canaday Bowman
3,357,000
  
645,966
  
2,008,296
 
All director nominees were duly elected.

Proposal 2:  To ratify the appointment of Cherry Bekaert LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2014.  The votes were cast as follows:
 
For
  
Against
  
Abstain
5,637,053
  
217,519
  
156,689

Proposal 2 was approved.

Proposal 3:  To vote, on an advisory (nonbinding) basis, to approve executive compensation.  The votes were cast as follows:

For
  
Against
  
Abstain
  
Broker Non-Votes
3,232,014
  
481,180
  
289,772
  
2,008,296

Proposal 3 was approved.

 
 
 

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.

FOUR OAKS FINCORP, INC.
 
 
By:  /s/ Nancy S. Wise
 
Nancy S. Wise
 
Executive Vice President,
 
Chief Financial Officer
 
Date:  June 11, 2014