Current Report Filing (8-k)
16 August 2016 - 5:47AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
August 11, 2016
Cordia Bancorp Inc.
(Exact name of registrant as specified in
its charter)
Virginia
|
26-4700031
|
(State or other jurisdiction
of incorporation)
|
(IRS Employer
Identification No.)
|
11730 Hull Street Road, Midlothian,
Virginia 23112
(Address of principal executive offices,
including zip code)
Registrant’s telephone number, including
area code:
(804) 744-7576
Not Applicable
(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:
¨
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
.
|
A special meeting of
the stockholders of Cordia Bancorp Inc. (the “Company”), the holding company for Bank of Virginia (the “Bank”),
was held on August 11, 2016. The matters considered and voted on by the Company’s stockholders at the special meeting, and
the vote of the stockholders, were as follows:
|
1.
|
The proposal to approve the Agreement and Plan of Merger,
dated as of May 19, 2016, by and between the Company, the Bank, First-Citizens Bank & Trust Company and FC Merger Subsidiary
I was approved by the stockholders by the following vote:
|
Shares
of Common Stock:
FOR
|
AGAINST
|
ABSTAIN
|
BROKER
NON-VOTES
|
4,357,816
|
3,446
|
132
|
—
|
Shares
of Non-Voting Common Stock:
FOR
|
AGAINST
|
ABSTAIN
|
BROKER
NON-VOTES
|
1,400,437
|
—
|
—
|
—
|
|
2.
|
The proposal to approve, on a non-binding advisory basis,
the compensation that may become payable to certain executive officers of the Company in connection with the merger of the Company
and First-Citizens Bank & Trust Company was approved by the stockholders by the following vote:
|
Shares
of Common Stock:
FOR
|
AGAINST
|
ABSTAIN
|
BROKER
NON-VOTES
|
3,562,500
|
738,635
|
60,259
|
—
|
The
holders of shares of the Company’s non-voting common stock were not entitled to vote on this proposal.
On August 11, 2016,
the Company and First-Citizens Bank & Trust Company issued a joint press release announcing that the Company’s stockholders
had approved First-Citizens Bank & Trust Company’s pending acquisition of the Company. A copy of the joint press release
is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
|
Item 9.01
|
Financial Statements and Exhibits
.
|
|
99.1
|
Joint Press Release dated August 11, 2016
|
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.
|
CORDIA BANCORP INC.
|
|
|
(
Registrant
)
|
|
|
|
|
|
|
|
Date: August 15, 2016
|
By:
|
/s/ Mark A. Severson
|
|
|
|
Mark A. Severson
Executive Vice President and Chief Financial
Officer
|
|
Cordia Bancorp Inc. (NASDAQ:BVA)
Historical Stock Chart
From May 2024 to Jun 2024
Cordia Bancorp Inc. (NASDAQ:BVA)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Cordia Bancorp Inc. (NASDAQ): 0 recent articles
More Cordia Bancorp Inc News Articles