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Share Name | Share Symbol | Market | Type |
---|---|---|---|
International Bancshares Corporation | NASDAQ:IBOC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.90% | 55.87 | 55.84 | 55.90 | 56.165 | 54.725 | 55.57 | 32,801 | 19:05:10 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15 (d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction | (Commission File | (IRS Employer | ||
of incorporation) | Number) | Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including
area code: (
None
(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 250.13e-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: | ||
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).
Emerging growth
company
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. ¨
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 20, 2024, International Bancshares Corporation (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”). As described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 22, 2024 (the “Proxy Statement”), the Company submitted the following proposals to its shareholders for a vote:
(1) | To elect eight (8) directors to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified; |
(2) | To ratify the appointment of RSM US LLP as the Company’s independent auditor for the fiscal year ending December 31, 2024; and |
(3) | To consider and approve a non-binding advisory resolution to approve the compensation of the Company’s named executive officers as described in the Compensation Discussion and Analysis and the tabular disclosures in the Proxy Statement. |
The following table lists the final voting results for Proposals 1, 2, and 3 at the Annual Meeting:
For | Against | Abstain | Broker Non-Votes | ||||||
Election of Directors | |||||||||
Javier de Anda | 52,290,748 | 340,732 | 19,611 | 7,025,498 | |||||
Douglas B. Howland | 45,324,676 | 7,307,089 | 19,325 | 7,025,498 | |||||
Rudolph M. Miles | 52,272,646 | 358,800 | 19,644 | 7,025,498 | |||||
Dennis E. Nixon | 51,140,805 | 1,490,721 | 19,563 | 7,025,498 | |||||
Larry A. Norton | 45,413,424 | 7,218,087 | 19,578 | 7,025,498 | |||||
Roberto R. Reséndez | 49,975,184 | 2,655,957 | 19,949 | 7,025,498 | |||||
Antonio R. Sanchez, Jr. | 51,879,092 | 752,401 | 19,598 | 7,025,498 | |||||
Diana G. Zuniga | 49,978,002 | 2,653,024 | 20,064 | 7,025,498 | |||||
Ratification of RSM US LLP | 56,224,090 | 127,276 | 172,904 | 3,185,293 | |||||
Non-binding Advisory Resolution on Compensation | 51,097,020 | 1,379,231 | 174,839 | 7,025,498 |
Based on the foregoing results, each director nominee named above was elected by a majority-vote standard, which is the voting standard required by the Company’s Articles of Incorporation for uncontested director elections. Proposals 2 and 3 were also approved by a majority vote.
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.
INTERNATIONAL BANCSHARES CORPORATION | ||
By: | /s/ Dennis E. Nixon | |
Dennis E. Nixon | ||
President and Chief Executive Officer | ||
Date: May 22, 2024
Cover |
May 20, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 20, 2024 |
Entity File Number | 000-9439 |
Entity Registrant Name | INTERNATIONAL BANCSHARES CORPORATION |
Entity Central Index Key | 0000315709 |
Entity Tax Identification Number | 74-2157138 |
Entity Incorporation, State or Country Code | TX |
Entity Address, Address Line One | 1200 San Bernardo |
Entity Address, City or Town | Laredo |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 78040-1359 |
City Area Code | 956 |
Local Phone Number | 722-7611 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $1.00 par value |
Trading Symbol | IBOC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
1 Year International Bancshares Chart |
1 Month International Bancshares Chart |
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