Form 8-K

 

 

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 3, 2010

 

 

SURREY BANCORP

(Exact name of registrant as specified in its charter)

 

 

 

North Carolina   0000-50313   59-3772016

(State or other jurisdiction

of incorporation)

  (Commission File No.)  

(I.R.S. Employer

Identification No.)

 

145 North Renfro Street, Mount Airy, NC   27030
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (336) 783-3900

Not Applicable

(Former name of former address, if changed since last report

 

 

Check the appropriate box 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 Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

On April 28, 2010, Surrey Bancorp (the “Registrant”) held its Annual Meeting of Shareholders (the “Annual Meeting”). There were three proposals submitted to shareholders at the Annual Meeting. In the case of Proposal 1, all of management’s director nominees were approved and elected to serve on the Registrant’s Board of Directors. All other proposals were also approved by the shareholders entitled to vote at the Annual Meeting. The proposals below are described in greater detail in the Registrant’s definitive proxy statement for the Annual Meeting filed on March 31, 2010, with the Securities and Exchange Commission.

The voting results were as follows:

Proposal 1 : Proposal to elect eight directors to serve a one year term until the Annual Meeting of Shareholders in 2011, or until their successors have been elected and qualified.

 

     Votes For    Abstain    Broker
Non-Votes

Edward C. Ashby, III

   1,843,690    2,532    536,984

William A. Johnson

   1,838,089    8,133    536,984

Elizabeth J. Lovill

   1,844,594    1,628    536,984

Robert H. Moody

   1,844,862    1,360    536,984

F. Eugene Rees

   1,836,866    9,356    536,984

Tom G. Webb

   1,842,582    3,640    536,984

Buddy E. Williams

   1,841,694    4,528    536,984

Hylton Wright

   1,842,532    3,690    536,984

Proposal 2: Proposal to ratify a non-binding shareholder resolution regarding the Registrant’s executive compensation policies and practices.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

2,232,914

   93,613    27,969    —  

Proposal 3: Proposal to approve an amendment to the Articles of Incorporation increasing the authorized number of shares of common stock from 5,000,000 to 10,000,000.

 

For

  

Against

  

Abstain

  

Broker Non-Votes

2,226,814

   96,638    31,043    1


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.

 

  SURREY BANCORP
Date: May 3, 2010   By:  

/s/ Mark H. Towe

    Mark H. Towe, Chief Financial Officer