Form 8-K

 

 

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):

August 7, 2014

 

 

TriCo Bancshares

(Exact name of registrant as specified in its charter)

 

 

 

California   0-10661   94-2792841

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

63 Constitution Drive, Chico, California   95973
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code:(530) 898-0300

 

 

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 August 7, 2014, TriCo Bancshares (the “Company”) held its 2014 annual meeting of shareholders. As of the record date for the annual meeting, there were 16,133,414 shares of common stock outstanding entitled to vote on all proposals presented at the annual meeting. At the annual meeting, the Company’s shareholders (i) approved and adopted the Company’s Agreement and Plan of Merger and Reorganization with North Valley Bancorp dated January 21, 2014, (ii) elected all nine nominees to the Company’s Board of Directors, (iii) reapproved the existing performance criteria under the Company’s 2009 equity incentive plan; (iv) approved the compensation of the Company’s executive officers on an advisory (nonbinding) basis, (v) ratified the selection of Crowe Horwath, LLP as the Company’s principal independent auditor for 2014; and (vi) approved one or more adjournments to permit further solicitation of proxies in favor of the foregoing proposals. The following are the voting results of each matter submitted to the Company’s shareholders at the annual meeting.

1. Approval and adoption of Agreement and Plan of Merger and Reorganization with North Valley Bancorp.:

 

     Votes      Percent Voting  

For

     11,692,597         84.37   

Against

     75,478         0.54   

Abstain

     66,708         0.48   

Broker Non-Votes

     2,024,428         14.61   

2. Election of the following nine nominees to the Company’s Board of Directors:

 

Nominee

   For      Percent
Voted
     Withheld      Percent
Voted
     Abstained/
Broker
Non-Votes
     Percent
Voted
 

Donald J. Amaral

     11,693,912         84.38         140,871         1.01         2,024,428         14.61   

William J. Casey

     10,786,251         77.83         1,048,532         7.56         2,024,428         14.61   

Craig S. Compton

     11,693,416         84.37         141,367         1.02         2,024,428         14.61   

L. Gage Chrysler III

     11,110,656         80.17         724,127         5.22         2,024,428         14.61   

Cory W. Giese

     11,695,439         84.39         139,344         1.00         2,024,428         14.61   

John S. A. Hasbrook

     11,677,409         84.26         157,374         1.13         2,024,428         14.61   

Michael W. Koehnen

     11,692,211         84.36         142,572         1.03         2,024,428         14.61   

Richard P. Smith

     11,698,895         84.41         135,888         0.98         2,024,428         14.61   

W. Virginia Walker

     11,685,935         84.32         148,848         1.07         2,024,428         14.61   

3. Reapproval of the performance criteria under the Company’s 2009 Equity Incentive Plan:

 

     Votes      Percent Voting  

For

     11,493,170         82.93   

Against

     175,843         1.27   

Abstain

     165,770         1.19   

Broker Non-Votes

     2,024,428         14.61   

 

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4. Advisory (nonbinding) approval of the compensation of the Company’s executives:

 

     Votes      Percent Voting  

For

     11,459,212         82.68   

Against

     164,291         1.19   

Abstain

     211,280         1.52   

Broker Non-Votes

     2,024,428         14.61   

5. Ratification of Crowe Horwath LLP as the Company’s independent public accountants for the 2014 fiscal year:

 

     Votes      Percent Voting  

For

     13,628,727         98.34   

Against

     44,041         0.32   

Abstain

     186,442         1.34   

Broker Non-Votes

     0         0   

6. Approval of adjournments to solicit additional proxies:

 

     Votes      Percent Voting  

For

     12,724,725         91.82   

Against

     881,836         6.36   

Abstain

     252,650         1.82   

Broker Non-Votes

     0         0   

 

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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.

 

Date: August 8, 2014   TRICO BANCSHARES
                (Registrant)
  By:  

 /s/ Thomas J. Reddish

    Thomas J. Reddish
    Executive Vice President
    Chief Financial Officer

 

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