bancorp8k.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):  May 12, 2011
 
The Bancorp, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-51018
 
Delaware
  
23-3016517
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
409 Silverside Road
Wilmington, DE 19809
(Address of principal executive offices, including zip code)
 
302-385-5000
(Registrant’s telephone number, including area code)
 
(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 (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.

(a)           The Annual Meeting of Stockholders of The Bancorp, Inc. (the “Company”) was held on May 12, 2011.

(b)           The matters considered and voted on by the stockholders at the annual meeting and the vote of the stockholders were as follows:

1.           The election of a Board of Directors. All of the nominees for director were elected for one year terms. With respect to each nominee, the total number of broker non-votes was 4,829,303. The table below sets forth the voting results for each director.

Name of Nominee
 
Votes For
 
Votes Withheld
 
Betsy Z. Cohen
   
24,708,676
   
187,359
 
Daniel G. Cohen
   
24,671,923
   
223,979
 
Walter T. Beach
   
24,708,969
   
186,863
 
Michael J. Bradley
   
24,795,328
   
100,504
 
Matthew Cohn
   
24,754,335
   
141,497
 
Leon A. Huff
   
24,796,370
   
100,462
 
William H. Lamb
   
20,715,043
   
4,181,859
 
Frank M. Mastrangelo
   
24,708,378
   
188,524
 
James J. McEntee III
   
20,686,257
   
4,210,575
 
Linda Schaeffer
   
20,687,072
   
4,209,760
 
Joan Specter
   
24,703,989
   
191,843
 

2.           The non-binding resolution to approve the 2010 compensation program for the named executive officers was approved by the stockholders by the following vote:

Votes For
 
Votes Against
 
Abstentions
17,098,936
 
7,629,257
 
171,392

There were 4,829,303 broker non-votes on the proposal.


3.           The non-binding resolution to approve the frequency of votes on executive compensation was approved by the stockholders by the following vote:

Every 1 Year
 
Every 2 Years
 
Every 3 years
 
Abstentions
23,149,636
 
58,431
 
1,542,129
 
149,389

There were 4,829,303 broker non-votes on the proposal.

4.           The to approve the Company’s Stock Option and Equity Plan of 2011 was approved by the stockholders by the following vote:

Votes For
 
Votes Against
 
Abstentions
20,110,386
 
4,656,514
 
132,685

There were 4,829,303 broker non-votes on the proposal.


 
 

 

5.           The selection of Grant Thornton LLP as independent public accountants for the fiscal year ending December 31, 2011 was approved by the stockholders by the following vote:

Votes For
 
Votes Against
 
Abstentions
29,669,431
 
51,717
 
7,740

There were no broker non-votes on the proposal.
 
 
 
 
 

 
 
 
 
 
Signature(s)
 
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.

 
Date:  May 16, 2011
 
The Bancorp, Inc.
 
       
       
   
By:  /s/ Paul Frenkiel   
   
Name:  Paul Frenkiel
   
Title:  Chief Financial Officer and
            Secretary