false000177878400017787842024-05-162024-05-16

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): May 16, 2024

PROVIDENT BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland

001-39090

84-4132422

(State or Other Jurisdiction

(Commission File No.)

(I.R.S. Employer

of Incorporation)

Identification No.)

5 Market Street, Amesbury, Massachusetts

01913

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (978) 834-8555

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 (see General Instruction A.2. below):

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common stock

PVBC

The NASDAQ Stock Market LLC

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

o

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. o


‎

Item 5.07 Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Shareholders of the Company held on May 16, 2024, the Company’s shareholders voted on the following matters:

 

1.The election of the following three individuals to serve on the Company’s Board of Directors for the terms indicated and until their successors have been duly elected:

NAME

FOR

WITHHELD

BROKER NON-VOTES

Frank G. Cousins, Jr.

(three-year term)

9,001,645

3,449,430

2,883,089

Joseph B. Reilly

(three-year term)

11,852,846

598,229

2,883,089

Arthur Sullivan

(three-year term)

9,996,745

2,454,330

2,883,089

2.The ratification of the appointment of Crowe LLP as independent registered public accounting firm of the Company for the year ending December 31, 2024:

FOR

AGAINST

ABSTAIN

14,979,658

252,948

101,558

3.The approval of an advisory, non-binding resolution with respect to executive compensation:

FOR

AGAINST

ABSTAIN

BROKER NON-VOTES

11,487,166

655,608

308,301

2,883,089

Item 9.01 Financial Statements and Exhibits

Not Applicable


‎

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.

PROVIDENT BANCORP, INC.

DATE: May 21, 2024

By:

/s/ Joseph B. Reilly

Joseph B. Reilly

President and Chief Executive Officer

v3.24.1.1.u2
Document and Entity Information
May 16, 2024
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date May 16, 2024
Entity Registrant Name PROVIDENT BANCORP, INC.
Entity Incorporation, State or Country Code MD
Entity File Number 001-39090
Entity Tax Identification Number 84-4132422
Entity Address, Address Line One 5 Market Street
Entity Address, City or Town Amesbury
Entity Address, State or Province MA
Entity Address, Postal Zip Code 01913
City Area Code 978
Local Phone Number 834-8555
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Title of 12(b) Security Common stock
Trading Symbol PVBC
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001778784
Amendment Flag false
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