UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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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:
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Securities registered pursuant to Section 12(b) of the Act:
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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. ☐
On May 18, 2023, QCR Holdings, Inc. (the “Company”) held its 2023 Annual Meeting of stockholders. Of the 16,841,670 shares of common stock issued and outstanding as of the record date for the meeting, 14,723,047 shares were represented at the meeting in person or by proxy, constituting 87.42% of the outstanding shares.
Three proposals were presented to the stockholders and the results of voting on each of the matters submitted to a vote during the annual meeting are as follows:
1. For the election of four (4) Class III directors of the Company:
NOMINEE | FOR | WITHHELD | BROKER N.V. | |||
James M. Field | 12,150,518 | 95,829 | 2,476,700 | |||
John F. Griesemer | 12,084,610 | 161,737 | 2,476,700 | |||
Elizabeth S. Jacobs | 11,912,021 | 334,326 | 2,476,700 | |||
Marie Z. Ziegler | 11,812,835 | 433,512 | 2,476,700 |
2. To approve, in a non-binding, advisory vote, the compensation of certain executive officers:
FOR | AGAINST | ABSTAIN | BROKER N.V. | |||
11,635,282 | 303,220 | 24,480 | 2,476,700 |
3. To ratify the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023:
FOR | AGAINST | ABSTAIN | BROKER N.V. | |||
14,206,531 | 204,545 | 28,606 | -- |
On May 18, 2023, the Company declared a cash dividend of $0.06 per share of its common stock. The dividend is payable on July 6, 2023 to stockholders of record on June 16, 2023.
On May 19, 2023, the Company issued a press release regarding the annual meeting results and the announcement of the cash dividend. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits.
99.1 Press Release dated May 19, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
QCR Holdings, Inc. | ||
Date: May 19, 2023 | By: | /s/ Todd A. Gipple |
Todd A. Gipple | ||
President and Chief Financial Officer | ||
EXHIBIT 99.1
QCR Holdings, Inc. Announces Annual Meeting Results and a Cash Dividend of $0.06 Per Share
MOLINE, Ill., May 19, 2023 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced the election of four Class III directors at the Company’s annual meeting of its stockholders. The directors, James M. Field, John F. Griesemer, Elizabeth S. Jacobs and Marie Z. Ziegler, were re-elected to three-year terms.
Additionally, on May 18, 2023, the Company’s Board of Directors declared a cash dividend of $0.06 per share payable on July 6, 2023, to holders of common stock of the Company of record on June 16, 2023.
About Us
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank on April 1, 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company offers equipment loans and leases to businesses through its wholly owned subsidiary, m2 Equipment Finance, LLC, based in Milwaukee, Wisconsin, and also provides correspondent banking services. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of March 31, 2023, the Company had $8.0 billion in assets, $6.2 billion in loans and $6.5 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.
Contacts:
Todd A. Gipple
President
Chief Operating Officer
Chief Financial Officer
(309) 743-7745
tgipple@qcrh.com
Cover |
May 18, 2023 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 18, 2023 |
Entity File Number | 000-22208 |
Entity Registrant Name | QCR Holdings, Inc. |
Entity Central Index Key | 0000906465 |
Entity Tax Identification Number | 42-1397595 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 3551 Seventh Street |
Entity Address, City or Town | Moline |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 61265 |
City Area Code | 309 |
Local Phone Number | 736-3584 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $1.00 Par Value |
Trading Symbol | QCRH |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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