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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/20/22 Grandsouth Bancorporation 8-K:5 5/18/22 10:198K 2ENGAGE/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 31K 5: R1 Cover HTML 42K 8: XML IDEA XML File -- Filing Summary XML 11K 6: XML XBRL Instance -- e22319_grrb-8k_htm XML 14K 7: EXCEL IDEA Workbook of Financial Reports XLSX 6K 3: EX-101.LAB XBRL Labels -- grrb-20220518_lab XML 98K 4: EX-101.PRE XBRL Presentations -- grrb-20220518_pre XML 64K 2: EX-101.SCH XBRL Schema -- grrb-20220518 XSD 12K 9: JSON XBRL Instance as JSON Data -- MetaLinks 25± 32K 10: ZIP XBRL Zipped Folder -- 0001552781-22-000424-xbrl Zip 12K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): i May 18, 2022
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
| i 000-31937 | i 57-1104394 |
| (Commission File Number) | (IRS Employer Identification No.) |
| i 381 Halton Road, i Greenville, i South Carolina | i 29607 |
| (Address of principal executive offices) | (Zip Code) |
(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 (see General Instruction A.2. below):
i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| None | None | None |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
C:
Item 5.07 Submission of Matters to a Vote of Security Holders.
The annual meeting of shareholders (the “Annual Meeting”) of GrandSouth Bancorporation (the “Company”) was held on May 18, 2022 at 5:00 p.m. at the Company’s principal executive office located at 381 Halton Road, Greenville, South Carolina 29607. Of the 5,198,542 shares of the Company’s common stock outstanding at the Annual Meeting, there were present in person or by proxy 3,843,904 shares, representing approximately 73.94% of the total outstanding eligible votes. At the Annual Meeting, the shareholders of the Company: (1) elected thirteen directors to each serve a one-year term on the Company’s board of directors; (2) approved an advisory resolution to approve the compensation of the Company’s named executive officers; and (3) ratified the appointment of Elliott Davis, LLC as the Company’s independent registered public accountants for the fiscal year ending December 31, 2022.
The final results of voting on each of the matters submitted to a vote of shareholders during the Annual Meeting are as follows:
1. To elect thirteen directors each to serve a one-year term expiring at the 2023 annual meeting of shareholders or until their respective successors are duly elected and qualified:
| Directors: | For | Withhold | Abstain | Broker Non-Vote |
| Mason Y. Garrett | 3,241,778 | 6,149 | 4,400 | 591,577 |
| Harold E. Garrett | 3,244,852 | 3,075 | 4,400 | 591,577 |
| John B. Garrett | 3,243,352 | 4,575 | 4,400 | 591,577 |
| Michael L. Gault | 3,242,840 | 7,686 | 1,801 | 591,577 |
| Baety O. Gross, Jr. | 3,242,740 | 7,786 | 1,801 | 591,577 |
| S. Hunter Howard, Jr. | 3,244,277 | 6,249 | 1,801 | 591,577 |
| Anthony P. Morgan | 3,247,351 | 3,075 | 1,901 | 591,577 |
| J. Randolph Potter | 3,242,740 | 7,686 | 1,901 | 591,577 |
| J. Calhoun Pruitt, Jr. | 3,242,777 | 7,649 | 1,901 | 591,577 |
| Edward M. Rast, Jr. | 3,245,914 | 4,612 | 1,801 | 591,577 |
| James B. Schwiers | 3,244,713 | 3,075 | 4,539 | 591,577 |
| John W. Shealy, Jr. | 3,245,814 | 4,612 | 1,901 | 591,577 |
| LeeAnn Weber | 3,247,451 | 3,075 | 1,801 | 591,577 |
2. A non-binding, advisory vote, to approve the compensation of the Company’s named executive officers (the “say-on-pay” vote):
| For | Against | Abstain | Broker Non-Vote |
| 3,240,699 | 8,988 | 2,640 | 591,577 |
3. To ratify the appointment of Elliott Davis, LLC as the Company’s independent registered public accountants for the fiscal year ending December 31, 2022:
| For | Against | Abstain |
| 3,843,801 | 3 | 100 |
C:
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.
| GRANDSOUTH BANCORPORATION | ||||
| By: | /s/ John B. Garrett | |||
| Name: | John B. Garrett | |||
| Title: | Chief Financial Officer | |||
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/22 | ||||
| Filed on: | 5/20/22 | |||
| For Period end: | 5/18/22 | DEF 14A | ||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 9/23/22 First Bancorp/NC 424B3 1:2.1M Toppan Merrill/FA 9/23/22 Grandsouth Bancorporation DEFM14A 1:2.7M Toppan Merrill/FA 9/19/22 First Bancorp/NC S-4/A 10:2.9M Toppan Merrill/FA 8/26/22 First Bancorp/NC S-4 5:2.3M Toppan Merrill/FA |