Item 5.07 Submission of Matters to a Vote of Security Holders
On
PROPOSAL 1: to consider and vote upon a proposal to approve the Agreement and
Plan of Merger by and among Citizens Financial Services, Inc. ("CZFS"), a
Votes For Votes Against Votes Abstained Broker Non-Votes Common Stock 1,483,465 7,934 1,115 -
PROPOSAL 2: to consider and vote upon a proposal to approve, on an advisory (non-binding) basis, specified compensation that may become payable to the named executive officers of HVBC in connection with the merger.
Votes For Votes Against Votes Abstained Broker Non-Votes Common Stock 1,375,323 78,445 38,746 -
Both proposals were approved by Company shareholders. In connection with the Meeting, the Company also solicited proxies with respect to a proposal to adjourn the Meeting, if necessary or appropriate, in the event there were not sufficient votes in favor of the merger proposal at the time of the Meeting. Because the shareholders approved the merger proposal at the Meeting, the adjournment proposal was not submitted to the shareholders.
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