MetroCity Bankshares Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 16, 2024, MetroCity Bankshares, Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Of the 25,205,506 shares of common stock of the Company outstanding as of the record date for the Annual Meeting, 21,248,946 shares, or 84.30% of the outstanding common shares entitled to vote, were represented in person or by proxy at the Annual Meeting. The final results of each of the proposals voted on by the Company’s shareholders are described below:
Proposal 1 – Election of Directors: To elect three (3) incumbent Class III directors named in the proxy statement to serve until the 2027 Annual Meeting of Shareholders.
Director | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||
Don T.P. Leung | 18,115,658 | 588,320 | 198 | 2,544,770 | ||||
Ajit Patel | 16,584,011 | 2,119,967 | 198 | 2,544,770 | ||||
Farid Tan | 17,872,763 | 831,215 | 198 | 2,544,770 |
Proposal 2 – Ratification of Auditors: To ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2024.
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
21,196,112 | 52,219 | 615 | — |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
METROCITY BANKSHARES, INC. | ||
Date: May 16, 2024 | By: | /s/ Lucas Stewart |
Lucas Stewart | ||
Chief Financial Officer | ||