United States

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): April 22, 2014

 

UNION FIRST MARKET BANKSHARES CORPORATION

(Exact name of registrant as specified in its charter)

________________________

 

Virginia 0-20293 54-1598552
 (State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)

 

1051 East Cary Street

Suite 1200

Richmond, Virginia 23219

(Address of principal executive offices, including Zip Code)

________________________

 

Registrant’s telephone number, including area code: (804) 633-5031

________________________

 

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

 

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

 

 
 

 

Item 2.02 Results of Operations and Financial Condition.

 

On April 22, 2014 Union First Market Bankshares Corporation (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2014. A copy of the Company’s press release is attached as Exhibit 99.1 hereto.

 

Item 5.02 Departure of Directors or Certain Officers.

 

Effective April 22, 2014, R. Hunter Morin, a director of the Company, having reached the mandatory retirement age set forth in the Bylaws of the Company, is no longer eligible for re-election to the Board of Directors of the Company and has retired from the Company’s Board of Directors. Mr. Morin joined the Board in 2003.

 

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

 

The Company held its annual meeting of shareholders on April 22, 2014. At the annual meeting, the Company’s shareholders: (i) elected each of the persons listed below under Proposals 1, 2, and 3 to serve as a director of the Company in the Class designated below for the director for a term that will continue until the Annual Meeting date designated below for the director or the director’s mandatory retirement age, whichever is sooner; (ii) approved an amendment to the Company’s articles of incorporation to change the Company’s name to “Union Bankshares Corporation”; (iii) ratified the appointment of Yount, Hyde & Barbour, P. C. as the Company’s independent registered public accounting firm for 2014; and (iv) approved, in an advisory (non-binding) vote, the compensation of the executives disclosed in the Company’s 2014 Proxy Statement relating to the annual meeting.

 

The Company’s independent inspector of elections reported the vote of the shareholders as follows:

 

Proposal 1: To elect four Class I directors to serve until the 2015 Annual Meeting:

 

Nominees:  Votes FOR   Votes WITHHELD   Broker Non-Votes 
Beverley E. Dalton   32,937,479    369,115    6,308,067 
Thomas P. Rohman   32,966,857    339,737    6,308,067 
Charles W. Steger   32,929,653    376,941    6,308,067 
Keith L. Wampler   33,006,101    300,493    6,308,067 

 

Proposal 2: To elect two Class II directors to serve until the 2016 Annual Meeting:

 

Nominees:  Votes FOR   Votes WITHHELD   Broker Non-Votes 
Glen C. Combs   32,993,679    312,915    6,308,067 
Jan S. Hoover   32,983,019    323,575    6,308,067 

 

Proposal 3: To elect six Class III directors to serve until the 2017 Annual Meeting:

 

Nominees:  Votes FOR   Votes WITHHELD   Broker Non-Votes 
G. William Beale   33,005,929    300,665    6,308,067 
Gregory L. Fisher   32,957,705    348,889    6,308,067 
Patrick J. McCann   32,962,758    343,836    6,308,067 
Alan W. Myers   33,022,591    284,003    6,308,067 
Linda V. Schreiner   33,027,856    278,738    6,308,067 
Raymond D. Smoot, Jr.   32,894,750    411,844    6,308,067 

 

 
 

 

 

Proposal 4: To amend the Company’s articles of incorporation to change the Company’s name to “Union Bankshares Corporation”:

 

Votes FOR   Votes AGAINST   ABSTAIN   Broker Non-Votes 
 39,345,093    223,149    46,419    0 

 

Proposal 5: To ratify the appointment of Yount, Hyde & Barbour, P. C. as the Company’s independent registered public accounting firm for 2014:

 

Votes FOR   Votes AGAINST   ABSTAIN   Broker Non-Votes 
 39,264,686    306,490    43,485    0 

 

Proposal 6: To approve, in an advisory (non-binding) vote, the compensation of executives disclosed in the Company’s 2014 Proxy Statement:

 

Votes FOR   Votes AGAINST   ABSTAIN   Broker Non-Votes 
 31,194,074    1,771,535    340,983    6,308,069 

 

The Company holds an annual (non-binding) advisory vote until the next required vote on the frequency of such votes.

 

Item 8.01 Other Events.

 

On April 23, 2014, the Company issued a press release announcing the declaration of a quarterly dividend payable on May 30, 2014 to shareholders of record as of May 16, 2014. A copy of the press release is attached as Exhibit 99.2 hereto and is hereby incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No. Description
   
99.1 Union First Market Bankshares Corporation press release dated April 22, 2014.
99.2 Union First Market Bankshares Corporation press release dated April 23, 2014.

 

 

 

 
 

 

SIGNATURES

 

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 thereunto duly authorized.

 

  UNION FIRST MARKET BANKSHARES CORPORATION
   
Date: April 24, 2014 By:  /s/ Robert M. Gorman
    Robert M. Gorman
Executive Vice President and
Chief Financial Officer