f8k_062414-0343.htm

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)
June 24, 2014


PARKE BANCORP, INC.
(Exact name of Registrant as specified in its Charter)


New Jersey
  
0-51338
  
65-1241959
(State or other jurisdiction
of incorporation)
  
(Commission File
Number)
  
(IRS Employer
Identification No.)



601 Delsea Drive, Washington Township, New Jersey
08080
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code:
(856) 256-2500
  

Not Applicable
(Former name or former address, if changed since last report)

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:

¨           Written communications pursuant to Rule 425 under the Securities Act
¨           Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
¨           Pre-commencement to communications pursuant to Rule 13e-4(c) under the Exchange Act

 
 
 

PARKE BANCORP, INC.

INFORMATION TO BE INCLUDED IN THE REPORT

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

On June 24, 2014, the Company held its annual meeting of shareholders at which the following items were voted on.

(1)           Election of Directors
 
Nominee
  
 
For
  
 
Withheld
  
Broker
Non-Vote
             
Celestino R. Pennoni
  
3,067,552
  
39,274
  
2,006,486
Ray H. Tresch
  
2,885,796
  
221,030
  
2,006,486

There were no abstentions in the election of directors.

(2)           Ratification of appointment of McGladrey LLP as independent auditors for the fiscal year ending December 31, 2014.

For
  
Against
  
Abstain
5,061,236
  
13,521
  
38,555

There were no broker non-votes on the ratification of auditors.

(3)           Approval of a non-binding advisory vote on executive compensation.
 
For
  
Against
  
Abstain
  
Broker
Non-Vote
2,710,444
  
127,831
  
268,551
  
2,006,486

(4)           Whether advisory votes on executive compensation should occur every one, two or threeyears.

One Year
  
Two Years
  
Three Years
  
Abstain
  
Broker
Non-Vote
1,222,648
  
191,464
  
1,598,128
  
94,586
  
2,006,486

 
(5)
Approval of the issuance of shares of common stock upon the conversion of the Registrant’s Non-Cumulative Perpetual Convertible Preferred Stock, Series B.

For
  
Against
  
Abstain
  
Broker
Non-Vote
3,010,361
  
25,517
  
70,948
  
2,006,486

 
(6)
Approval of an amendment to the Registrant’s certificate of incorporation to increase the number of authorized shares of common stock.
 
For
  
Against
  
Abstain
  
Broker
Non-Vote
4,937,377
  
38,623
  
81,380
  
55,932


 
 
 
(d)           The Registrant’s Board of Directors has determined in light of the vote on Proposal 4 above to include a shareholder advisory vote on executive compensation in its proxy materials every three years.

 



 
 
 

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 hereunto duly authorized.

   
PARKE BANCORP, INC.
 
 
 
Date:   June 24, 2014
  
By: 
/s/ John F. Hawkins
     
John F. Hawkins
Senior Vice President and
Chief Financial Officer
(Duly Authorized Representative)