Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 17, 2010

First Reliance Bancshares, Inc.
(Exact Name of Registrant as Specified in Its Charter)

South Carolina
(State or Other Jurisdiction of Incorporation)

000-49757
  
80-0030931
(Commission File Number)
  
(IRS Employer Identification No.)

2170 W. Palmetto Street
    
Florence, South Carolina
  
29501
(Address of Principal Executive Offices)
  
(Zip Code)

(843) 656-5000
(Registrant’s Telephone Number, Including Area Code)

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 (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 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

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

The annual meeting of shareholders of the Company was held on June 17, 2010 (the “Annual Meeting”).  Proxies for the Annual Meeting were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended.  The matters listed below were submitted to a vote of the Company’s shareholders and the final voting results were as follows:

The following nominees were elected as Class C Directors for a three-year term expiring in 2013:

Name
  
For
    
Withheld
    
Abstentions
    
Broker
Non-Votes
  
A. Dale Porter
     2,198,111       33,583       —       605,490  
John M. Jebaily
     2,177,897       53,752       —       605,490  
C. Dale Lusk, MD
     2,221,324       10,325       —       605,490  

Votes on the proposal to approve a non-binding resolution regarding overall executive compensation policies and procedures employed by the Company, as described in the Executive Compensation section of the Company’s Proxy Statement for the Annual Meeting, were as follows:

For
  
Against
    
Abstentions
    
Broker
Non-Votes
  
2,376,993
    
357,028
       103,118       —  
 
 
 

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.

 
FIRST RELIANCE BANCSHARES, INC.
   
Dated:   June 22, 2010
  
 
By:
/s/ Jeffrey A. Paolucci
 
   
  Jeffrey A. Paolucci
   
  Chief Financial Officer