8-K 1 submissionofmattertoavote8k.htm SECURITY HOLDERS VOTE 8K submissionofmattertoavote8k.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
 
June 8, 2010
 
Date of Report (Date of earliest event reported)
 

M&F BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)
 

 
North Carolina
000-27307
56-1980549
State or Other Jurisdiction
(Commission File Number)
(IRS Employer
of Incorporation)
  
Identification No.)

 
2634 Durham-Chapel Hill Boulevard
Durham, North Carolina
27707
(Address of Principal Executive Offices)
(Zip Code)

 
Registrant’s telephone number, including area code (919) 683-1521
 
 
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:

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

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

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

q      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

INDEX
 
                                                                                                                                                                                                                                              Page
 
 
  Item 5.07   Submission of Matters to a Vote of Security Holders 3
 
 
 
Signatures
  
4




 
 
 

Item 5.07                      Submission of Matters to a Vote of Security Holders

On June 8, 2010, M&F Bancorp, Inc. (“Bancorp”) held its Annual Meeting of Stockholders.  Of the 2,031,377 shares of common stock outstanding as of the record date for the meeting, 1,299,323 shares were present at the meeting in person or by proxy.  The results of the meeting are as follows:

 
1)
Election of eight directors, each for a term of one year:

 
Number of Shares
Nominee
  
Votes For
  
Votes Withheld
  
Broker Non-Votes
Willie T. Closs, Jr.
  
940,839
  
55,698
  
0
Michael L. Lawrence
  
931,032
  
65,505
  
0
Joseph M. Sansom
  
968,407
  
28,130
  
0
Kim D. Saunders
  
933,807
  
62,730
  
0
Aaron L. Spaulding
  
968,157
  
28,380
  
0
James H. Speed, Jr.
  
951,110
  
45,427
  
0
James A. Stewart
  
962,598
  
33,939
  
0
Connie J. White
  
966,532
  
30,005
  
0

The eight nominees for election as directors received the greatest number of votes and were elected direc­tors.


2)  
Non-binding advisory resolution to approve the compensation of Bancorp’s named executive officers:

Number of Shares
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
1,254,630
  
27,041
  
17,651
  
0

The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal.  Accordingly, this proposal was approved.


3)
Ratification of the appointment of Grant Thornton, LLP as Bancorp’s independent registered public accounting firm for the fiscal year ending December 31, 2010:

Number of Shares
Votes For
  
Votes Against
  
Abstentions
  
Broker Non-Votes
1,273,023
  
17,451
  
8,849
  
0

The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal.  Accordingly, this proposal 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.
 
 
 
 
Dated:  June 14, 2010
 
M&F BANCORP, INC.
 
 
/s/ Kim D. Saunders                                                                
Signature
 
Name:           Kim D. Saunders                                                      
Title:           President and Chief Executive Officer