WSBC » Topics » Election of Directors

This excerpt taken from the WSBC DEF 14A filed Mar 13, 2009.

Election of Directors

The Board of Directors of the Corporation is divided into three classes, as nearly equal in number as the numerical membership of the Board will permit the members of such classes to serve staggered terms of three years each. The Bylaws permit the Board to determine each year the number of Directors up to a maximum of

 

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thirty-five, and the Board of Directors has determined that the Board shall consist of twenty-one members, and has fixed the number of Directors to be elected to the Board of Directors at the forthcoming meeting at six persons to serve for a term of three years which will expire at the annual stockholders meeting in 2012.

The Corporation and its banking subsidiary, the Bank, maintain separate boards but the directors of the Corporation also serve as directors of the banking subsidiary.

There are no family relationships among the directors, nominees or executive officers of the Corporation, except that Abigail M. Feinknopf is the sister of Jay T. McCamic. A majority of the Corporation’s directors are independent as defined in Nasdaq listing standards. The Board has determined that all of the directors and nominees are independent as that term is defined under the Nasdaq definition, except for Abigail M. Feinknopf, Jay T. McCamic, Paul M. Limbert, Edward M. George, James C. Gardill, John D. Kidd and D. Bruce Knox.

Accordingly, the following persons have been nominated for election to the Board:

This excerpt taken from the WSBC DEF 14A filed Mar 14, 2008.

Election of Directors

The Board of Directors of the Corporation is divided into three classes, as nearly equal in number as the numerical membership of the Board will permit, the members of such classes to serve staggered terms of three years each. The Bylaws permit the Board to determine each year the number of Directors up to a maximum of thirty-five , and the Board of Directors has determined that the Board shall consist of twenty-three members, and has fixed the number of Directors to be elected to the Board of Directors at the forthcoming meeting at ten persons, seven to serve for a term of three years which will expire at the annual stockholders meeting in 2011, one to serve an unexpired term of two years which will expire at the annual stockholders meeting in 2010, and two to serve an unexpired term of one year which will expire at the annual stockholders meeting in 2009.

 

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The Corporation and its two banking subsidiaries, the Bank and Oak Hill, maintain separate boards but the directors of the Corporation also serve as directors of the two banking subsidiaries. The Bank has filed an application with the Federal Deposit Insurance Corporation (the “FDIC”) for approval of the merger of Oak Hill with, and into, the Bank which will consolidate its banking subsidiaries into one corporation. Subject to receipt of such approval, it is anticipated that the merger will be consummated in late April, 2008.

There are no family relationships among the directors, nominees or executive officers of the Corporation, except that Abigail M. Feinknopf is the sister of Jay T. McCamic. A majority of the Corporation’s directors are independent as defined in Nasdaq listing standards. The Board has determined that all of the directors and nominees are independent as that term is defined under the Nasdaq definition, except for Abigail M. Feinknopf, Jay T. McCamic, Paul M. Limbert, Edward M. George, James C. Gardill, John D. Kidd and D. Bruce Knox.

Accordingly, the following persons have been nominated for election to the Board:

This excerpt taken from the WSBC DEF 14A filed Mar 16, 2007.

Election of Directors

The Board of Directors of the Corporation is divided into three classes, as nearly equal in number as the numerical membership of the Board will permit, the members of such classes to serve staggered terms of three years each. The Bylaws permit the Board to determine each year the number of Directors up to a maximum of thirty-five , and the Board of Directors has determined that the Board shall consist of nineteen members, and has fixed the number of Directors to be elected to the Board of Directors at the forthcoming meeting at nine persons, seven to serve for a term of three years which will expire at the annual stockholders meeting in 2010, one to serve an unexpired term of two years which will expire at the annual stockholders meeting in 2009, and one to serve an unexpired term of one year which will expire at the annual stockholders meeting in 2008.

 

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The Corporation and its principal banking subsidiary, the Bank, currently each maintain separate boards of directors and hold separate meetings, with the Corporation board meeting every other month and the Bank board meeting monthly. These separate and distinct boards and meetings require significant management time and reporting and overlap to some extent in the oversight and monitoring responsibilities of the boards. After consultation with its bank regulatory agencies and a strategic review of this structure by the Boards of Directors of the Corporation and the Bank, the Board of Directors of the Corporation has determined to consolidate the two boards and is adding several directors to its Board as part of this consolidation and elimination of the separate Bank Board. At the regular reorganization meeting of the Corporation following the Annual Meeting of Shareholders, the Board of Directors of the Corporation will also be elected as the Board of Directors of the Bank.

There are no family relationships among the directors, nominees or executive officers of the Corporation, except that Abigail M. Feinknopf is the sister of Jay T. McCamic. A majority of the Corporation’s directors are independent as defined in Nasdaq listing standards. The Board has determined that all of the directors and nominees are independent as that term is defined under the Nasdaq definition, except for Abigail M. Feinknopf, Jay T. McCamic, Paul M. Limbert, Edward M. George and James C. Gardill.

Accordingly, the following persons have been nominated for election to the Board:

This excerpt taken from the WSBC DEF 14A filed Mar 16, 2006.

Election of Directors

The Board of Directors of the Corporation is divided into three classes, as nearly equal in number as the numerical membership of the Board will permit, the members of such classes to serve staggered terms of three years each. The Bylaws permit the Board to determine each year the number of Directors up to a maximum of thirty-five (35), and the Board of Directors has determined that the Board shall consist of sixteen (16) members, and has fixed the number of Directors to be elected at the forthcoming meeting at seven (7), six (6) of whom are to be elected for a three (3) year term which will expire at the annual stockholders meeting in 2009 and one (1) of whom will be elected for a two (2) year term which will expire at the annual stockholders meeting in 2008. Shares may not be voted for a greater number of persons than are nominated.

There are no family relationships among the directors, nominees or executive officers of the Corporation, except that Abigail M. Feinknopf is the sister of Jay T. McCamic. A majority of the Corporation’s directors are independent as defined in Nasdaq listing standards. The Board has determined that all of the directors and nominees are independent as that term is defined under the Nasdaq definition, except for Abigail M. Feinknopf, Jay T. McCamic, Paul M. Limbert and Edward M. George.

Accordingly, the following persons have been nominated for election to the Board:

This excerpt taken from the WSBC DEF 14A filed Mar 17, 2005.

Election of Directors

 

The Board of Directors of the Corporation is divided into three classes, as nearly equal in number as the numerical membership of the Board will permit, the members of such classes to serve staggered terms of three years each. The Bylaws permit the Board to determine each year the number of Directors up to a maximum of thirty-five (35), and the Board of Directors has determined that the Board shall consist of nineteen (19) members, and has fixed the number of Directors to be elected at the forthcoming meeting at five (5), four (4) of whom are to be elected for a three (3) year term which will expire at the annual stockholders meeting in 2008, and one (1) of whom will be elected for a two (2) year term which will expire at the annual stockholders meeting in 2007. Shares may not be voted for a greater number of persons than are nominated.

 

There are no family relationships among the directors, nominees or executive officers of the Corporation, except that Abigail M. Feinknopf is the sister of Jay T. McCamic. A majority of the Corporation’s directors are independent as defined in Nasdaq listing standards. The Board has determined that all of the directors and nominees are independent as that term is defined under the Nasdaq definition, except for Abigail M. Feinknopf, Jay T. McCamic, Paul M. Limbert and Edward M. George.

 

Accordingly, the following persons have been nominated for election to the Board:

 

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