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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Severn Bancorp, Inc.    SVBI

SEVERN BANCORP, INC.

(SVBI)
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SEVERN BANCORP : Submission of Matters to a Vote of Security Holders (form 8-K/A)

06/30/2020 | 04:13pm EST

Item 5.07 Submission of Matters to a Vote of Security Holders

As previously reported in the Original Form 8-K, in a non-binding advisory vote on the frequency of future say on pay votes held at the 2020 Annual Meeting, 1,691,574 shares voted for one year, 191,037 shares voted for two years, 5,502,713 shares voted for three years, 107,824 shares abstained and there were 2,680,433 broker non-votes. The Company has considered the outcome of this advisory vote and has determined, as was recommended with respect to this proposal by the Company's board of directors in the proxy statement for the 2020 Annual Meeting, that the Company will hold future say on pay votes every three years until the occurrence of the next advisory vote on the frequency of say on pay votes. The next advisory vote regarding the frequency of say on pay votes is required to occur no later than the Company's 2026 Annual Meeting of Stockholders.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 42,4 M - -
Net income 2020 6,71 M - -
Net cash 2020 130 M - -
P/E ratio 2020 13,7x
Yield 2020 2,24%
Capitalization 107 M 107 M -
EV / Sales 2019 1,98x
EV / Sales 2020 -0,90x
Nbr of Employees 181
Free-Float 77,2%
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Managers and Directors
NameTitle
Alan J. Hyatt Chairman, President & Chief Executive Officer
Vance W. Adkins Chief Financial Officer & Executive Vice President
John A. Lamon Independent Director
Konrad M. Wayson Vice Chairman
Mary Kathleen Sulick Independent Director
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