Bank of Granite 8-K 2011
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 18, 2011
Bank of Granite Corporation
(Exact Name of Registrant as Specified in its Charter)
P.O. Box 128, 23 North Main Street
Granite Falls, North Carolina 28630
(Address of Principal Executive Offices) (Zip Code)
(Registrants 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 obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 5.07 Submission of Matters to A Vote of Security Holders
On October 18, 2011 Bank of Granite Corporation (the Company) held a special meeting of its stockholders. The following Proposals were considered and acted upon at the special meeting:
Proposal 1 Adopt the Agreement and Plan of Merger, dated as of April 26, 2011, as amended on June 16, 2011 and August 15, 2011, by and among FNB United Corp., Gamma Merger Corporation, a wholly owned subsidiary of FNB United Corp., and the Company, as such agreement may be further amended from time to time and approve the merger described therein.
Proposal 2 Approve on a non-binding, advisory basis, change of control severance payments to certain named executive officers of the Company that are based on or other wise relate to the merger.
Proposal 3 Adjourn the special meeting of stock holders, if necessary, to solicit additional proxies if there are not sufficient votes to approve the merger proposal.
The proposals are described in detail in the Definitive Proxy Statement on Schedule 14A filed by the Company with the Securities and Exchange Commission on September 16, 2011.
The Companys stockholders approved all three matters. The special meeting of stockholders was not adjourned to a later date.
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.