UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8‑K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 20, 2018 (April 19, 2018)
SOUTH STATE CORPORATION
(Exact name of registrant as specified in its charter)
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South Carolina |
001‑12669 |
57‑0799315 |
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(State or other jurisdiction of |
(Commission File Number) |
(IRS Employer |
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incorporation) |
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Identification No.) |
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520 Gervais Street |
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Columbia, South Carolina |
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29201 |
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(Address of principal executive offices) |
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(Zip Code) |
(800) 277‑2175
(Registrant’s telephone number, including area code)
Not Applicable
(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 240.13e‑4(c))
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 April 19, 2018, South State Corporation (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”) in Columbia, South Carolina. At the Annual Meeting, there were present in person or by proxy 32,324,991 shares of the Company’s common stock, representing 87.88% of the total outstanding eligible votes. At the Annual Meeting, the Company’s shareholders were asked to vote on the following proposals:
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(1) To elect six members of the Board of Directors to serve either three-year terms or two-year terms; |
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(2) To conduct a non-binding, advisory vote on the compensation of the Company’s named executive officers; and |
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(3) To ratify, as an advisory, non-binding vote, the appointment of Dixon Hughes Goodman LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2018. |
The voting results for two non-routine proposals and one routine proposal (the third proposal below) follows:
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(1) |
Approval of a proposal to elect the following individuals as directors of the Company for three-year terms, or in the case of Jean E. Davis and James C. Cherry, two-year terms: |
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Nominees for Director |
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Votes For |
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Votes Withheld |
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Non Vote |
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Uncast |
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John C. Pollok |
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24,854,935 |
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2,080,149 |
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5,389,907 |
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— |
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Cynthia A. Hartley |
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26,154,559 |
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780,525 |
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5,389,907 |
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— |
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Thoma E. Suggs |
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25,480,140 |
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1,454,944 |
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5,389,907 |
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— |
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Kevin P. Walker |
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26,713,627 |
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221,457 |
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5,389,907 |
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— |
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James C. Cherry |
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26,587,218 |
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347,866 |
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5,389,907 |
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— |
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Jean E. Davis |
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26,590,004 |
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345,075 |
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5,389,907 |
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5 |
Each elected director received at least 92.2% of the voted shares in favor of their election.
The following individuals continue to serve as directors until our Annual Meeting in the year indicated:
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Directors Whose Terms Will Expire in 2021 |
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John C. Pollok |
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Cynthia A. Hartley |
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Thomas E. Suggs |
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Kevin P. Walker |
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Directors Whose Terms Will Expire in 2020 |
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Robert R. Hill, Jr. |
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Paula Harper Bethea |
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Thomas J. Johnson |
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Martin B. Davis |
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James C. Cherry |
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Jean E. Davis |
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Directors Whose Terms Will Expire in 2019 |
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Jimmy E. Addison |
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Robert H. Demere, Jr. |
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Robert R. Horger |
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James W. Roquemore |
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Grey B. Murray |
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2
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(2) |
Proposal to conduct a non-binding, advisory vote on the compensation of the Company’s named executive officers: |
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|
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Votes |
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% of Shares |
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% of Shares |
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Voting For |
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22,540,591 |
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61.28 |
% |
83.68 |
% |
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Voting Against |
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4,336,046 |
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11.79 |
% |
16.10 |
% |
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Abstain From Voting |
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58,447 |
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0.16 |
% |
0.22 |
% |
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Non Votes |
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5,389,907 |
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14.65 |
% |
|
|
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Total |
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32,324,991 |
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87.88 |
% |
100.00 |
% |
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(3) |
Proposal to ratify, as an advisory, non-binding vote, the appointment of Dixon Hughes Goodman LLP, Certified Public Accountants, as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2018: |
|
|
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Votes |
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% of Shares |
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% of Shares |
|
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Voting For |
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32,018,811 |
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87.05 |
% |
99.06 |
% |
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Voting Against |
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172,129 |
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0.47 |
% |
0.53 |
% |
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Abstain From Voting |
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134,051 |
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0.36 |
% |
0.41 |
% |
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|
|
|
|
|
|
|
|
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Total |
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32,324,991 |
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87.88 |
% |
100.00 |
% |
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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.
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SOUTH STATE CORPORATION |
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(Registrant) |
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Date: |
April 20, 2018 |
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/s/ John C. Pollok |
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John C. Pollok |
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Senior Executive Vice President, |
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Chief Financial Officer and |
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Chief Operating Officer |
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4