Item 5.07 Submission of Matters to a Vote of Security Holders

The Company held its Annual Meeting of Stockholders on May 7, 2020, at which time the stockholders (i) elected three directors for a three-year term and one director for a two-year term, (ii) ratified the appointment of Yount, Hyde & Barbour, P.C. as independent registered public accounting firm for Severn Bancorp, Inc. for the year ending December 31, 2020, (iii) approved a non-binding advisory proposal on executive compensation, referred to as "say-on-pay", (iv) and approved a non-binding, advisory proposal on whether the say-on-pay vote should occur once every three years, referred to as "say-on-frequency".

The names of the directors who were elected at the Annual Meeting of Stockholders for a three-year term are as follows:

Nominee Votes For Votes Withheld Broker Non-Votes David Jones 7,060,041 433,107 2,680,433 John Lamon 7,052,461 440,687 2,680,433 Konrad Wayson 7,061,585 431,563 2,680,433

The name of the director who was elected at the Annual Meeting of Stockholders for a two-year term is as follows:

Nominee Votes For Votes Withheld Broker Non-Votes Dale Shields 7,093,966 399,182 2,680,433

The names of the directors whose terms of office continued after the Annual Meeting of Stockholders are as follows:

Alan J. HyattJames H. Johnson, Jr.
Mary Kathleen SulickEric M. KeitzRaymond S. Crosby

The stockholders of the Company ratified the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2020 as follows:

                      Votes For       Votes Against      Votes Abstain
Appointment of
Yount, Hyde &        10,136,819          29,288              7,474
Barbour, P.C. as
the Company's
independent
registered public
accounting firm

--------------------------------------------------------------------------------

The stockholders of the Company approved a non-binding advisory proposal on executive compensation, referred to as "say-on-pay", as follows:

                   Votes For  Votes Against      Votes       Broker Non-
                                                Abstain         Votes
Approval of a
non-binding        7,314,732      70,352        108,064       2,680,433
advisory proposal
on executive
compensation,
referred to as
"say-on-pay"

The stockholders of the Company approved a non-binding, advisory proposal on whether the say-on-pay vote should occur once every three years, referred to as "say-on-frequency", as follows:

                     For 1      For 2       For 3       Votes    Broker Non-
                      Year      Years       Years      Abstain      Votes
Approval of a
non-binding,       1,691,574   191,037    5,502,713    107,824    2,680,433
advisory proposal
on whether the
say-on-pay vote
should occur once
every three years,
referred to as
"say-on-frequency"

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses