8-K 1 form8k-2010annual_meeting.htm PRESS RELEASE- 2010 ANNUAL MEETING RESULTS form8k-2010annual_meeting.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 16, 2010



SONOMA VALLEY BANCORP
(Exact name of registrant as specified in its charter)


California
(State or other
jurisdiction
of incorporation)
000-31929
(Commission File No.)
68-0454068
(I.R.S. Employer
Identification No.)
 



202 West Napa Street, Sonoma, California          95476
(Address of principal executive offices)                  (Zip Code)

(707) 935-3200
(Registrant’s telephone number, including area code)


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))
 
 

 
 
 

 
Item 5.07. Submission of Matters to a Vote of Security Holders.
 
 
On June 16, 2010, Sonoma Valley Bancorp (the “Company”) held its 2010 Annual Meeting of Shareholders.  At the Annual Meeting, there were 1,879,285 shares of common stock represented to vote either in person or by proxy, or 80.77% of the outstanding shares of common stock, which represented a quorum. The final results of the voting for each matter submitted to a vote of shareholders at the Annual Meeting were as follows:
 
 
Proposal No. 1: Suzanne Brangham, Dale T. Downing, Robert B. Hitchcock, Robert J. Nicholas, Valerie Pistole and Mel Switzer, Jr. were elected to serve as directors and will serve until the 2011 Annual Meeting of Shareholders and until their successors are elected and qualified. The voting for each director was as follows:
 
                         
   
Number of Shares
   
For
 
Withheld
 
Broker Non-Votes
Suzanne Brangham
   
1,065,898
     
269,038
     
544,349
 
Dale T. Downing
   
1,084,682
     
250,254
     
544,349
 
Robert B. Hitchcock
   
1,077,941
     
256,995
     
544,349
 
Robert J. Nicholas
   
1,074,786
     
260,150
     
544,349
 
Valerie Pistole
   
1,093,232
     
241,704
     
544,349
 
Mel Switzer, Jr.
   
1,033,505
     
301,431
     
544,349
 
 
Proposal No. 2: Approval of the amendment to Article III of the Company’s Articles of Incorporation to increase the existing number of the authorized shares of the Company’s common stock from 10,000,000 to 20,000,000.
 
                         
For
     
Against
 
Abstain
 
Broker Non-Votes
1,534,245
   
277,946
     
67,092
       
 
Proposal No. 3: Ratification of Richardson and Co., certified public accountants, as the Company’s independent auditors for the fiscal year ending December 31, 2010.
 
                     
For
 
Against
 
Abstain
 
Broker Non-Votes
1,648,102
   
149,345
     
81,833
   
0
 
Proposal No. 4: The non-binding resolution approving the compensation of the Company’s executive officers.
 
                     
For
 
Against
 
Abstain
 
Broker Non-Votes
1,428,646
   
397,017
     
53,619
   
0
 
 
 


 
 

 


SIGNATURE

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.


    SONOMA VALLEY BANCORP,
    a California Corporation


Dated:  June 18, 2010                                              /s/Mary Dieter Smith
    Mary Dieter Smith,
    Chief Financial Officer
    (Principal Finance and Accounting Officer)