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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Stewardship Financial Corporation | NASDAQ:SSFN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.75 | 15.70 | 15.80 | 0 | 01:00:00 |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, no par value | SSFN | The Nasdaq Stock Market LLC |
Item 5.07. Submission of Matters to a Vote of Security Holders.
A special meeting of the shareholders (the “Special Meeting”) of Stewardship Financial Corporation (the “Corporation”) was held on October 3, 2019. A total of 6,840,691 shares of the Corporation’s common stock entitled to vote were present or represented by proxy at the Special Meeting constituting a quorum for the transaction of business. The Corporation’s shareholders considered the proposals set forth in the Corporation’s proxy statement for the Special Meeting, filed with the Securities and Exchange Commission on August 19, 2019 (the “Proxy Statement”). The final results of the voting are as follows:
Proposal 1: Approval of the Agreement and Plan of Merger, dated as of June 6, 2019, by and among Columbia Financial, Inc., Broadway Acquisition Corp. and Stewardship Financial Corporation. The following are the results of the voting:
For | Against | Abstain | Broker Non-Votes | |||
6,760,731 | 53,943 | 26,016 | 0 |
Proposal 2: Approval, on a non-binding, advisory basis, of the compensation to be paid to certain executive officers of Stewardship Financial Corporation if the merger contemplated by the merger agreement is consummated. The following are the results of the voting:
For | Against | Abstain | Broker Non-Votes | |||
6,339,159 | 346,013 | 155,518 | 0 |
Proposal 3: Approval of an adjournment of the special meeting, if necessary, to permit the further solicitation of proxies if there are not sufficient votes at the time of the special meeting to approve the merger agreement. The following are the results of the voting:
For | Against | Abstain | Broker Non-Votes | |||
6,680,974 | 136,951 | 22,765 | 0 |
With respect to the Adjournment Proposal, although sufficient votes were received for the proposal to be approved, the meeting was not adjourned because the merger proposal was approved and the adjournment of the Special Meeting was determined not to be necessary or appropriate.
Item 8.01 Other Events.
On October 3, 2019, Stewardship Financial Corporation announced that, at its Special Meeting of shareholders held on this date, the shareholders of the Corporation approved the previously-disclosed, contemplated merger with Columbia Financial, Inc. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Number | Description |
99.1 | Press Release dated October 3, 2019 |
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.
STEWARDSHIP FINANCIAL CORPORATION | |||
Date: October 3, 2019 | |||
By: | /s/ Claire M. Chadwick | ||
Name: | Claire M. Chadwick | ||
Title: | Executive Vice President and Chief Financial Officer |
1 Year Stewardship Financial Chart |
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