Item 5.07 Submission of Matters to a Vote of Security Holders
New Peoples Bankshares, Inc. (the "Company") held its 2022 Annual Shareholders'
Meeting (the "Annual Meeting") on May 17, 2022. A total of 23,922,086 shares of
the Company's Common Stock were entitled to vote as of March 23, 2022, the
record date for the Annual Meeting. There were 15,161,680 shares present at the
Annual Meeting in person or by proxy, and the shareholders voted on four
proposals.
Proposal 1: Election of Directors
The shareholders elected three directors to serve three-year terms expiring in
2025. The three directors elected to serve the three-year terms were Tim W.
Ball, Michael G. McGlothlin, B. Scott White and C. Todd Asbury. The results of
the vote were as follows:
Nominees Votes FOR Votes Withheld Broker Non-Votes Uncast Votes
Tim W. Ball 14,776,102 41,602 343,976 -
Michael G. McGlothlin 14,735,324 82,380 343,976 -
B. Scott White 14,743,188 74,516 343,976 -
C. Todd Asbury 14,738,450 79,254 343,976 -
Proposal 2: Ratification of the Appointment of Independent Registered Public
Accounting Firm
The shareholders voted to ratify the Company's Audit Committee of the Board of
Directors' appointment of Yount, Hyde & Barbour P.C. to serve as its independent
registered public accounting firm for the year ending December 31, 2022. The
results of the vote follow:
Votes FOR Votes AGAINST Votes ABSTAIN Uncast Votes
15,123,490 4,209 33,981 -
Item 8.01 Other Events
On May 17, 2022, members of management of the Company made a presentation at the
Annual Meeting. A copy of the presentation is attached to this report as Exhibit
99.1, and is being furnished to the Securities and Exchange Commission and shall
not be deemed "filed" for any purpose.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Annual Meeting Presentation
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