Ohio Valley Banc Corp. Shareholders Approve Key Proposals at Annual Meeting

Ticker: OVBC · Form: 8-K · Filed: May 16, 2024

Sentiment: neutral

Topics: annual-meeting, corporate-governance, voting-results

Related Tickers: OVBC

TL;DR

OVBC shareholders voted YES on directors and auditors at the May 15th annual meeting.

AI Summary

Ohio Valley Banc Corp. held its annual meeting of shareholders on May 15, 2024. The primary purpose of the meeting was to vote on the election of directors and the ratification of the appointment of the independent registered public accounting firm. All proposals presented at the meeting were approved by the shareholders.

Why It Matters

Shareholder approval of directors and auditors is crucial for corporate governance and maintaining investor confidence.

Risk Assessment

Risk Level: low — This filing reports routine corporate governance matters and voting results, which typically carry low risk.

Key Players & Entities

FAQ

What was the primary purpose of the annual meeting of shareholders for Ohio Valley Banc Corp. on May 15, 2024?

The primary purpose was the election of directors and the ratification of the appointment of the independent registered public accounting firm.

Who is the registrant filing this report?

The registrant is Ohio Valley Banc Corp.

On what date was the annual meeting of shareholders held?

The annual meeting of shareholders was held on May 15, 2024.

What is the Commission File Number for Ohio Valley Banc Corp.?

The Commission File Number is 000-20914.

Were the proposals presented at the annual meeting approved by shareholders?

Yes, all proposals presented at the meeting were approved by the shareholders.

Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-16 16:28:55

Key Financial Figures

Filing Documents

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. Ohio Valley Banc Corp. held its annual meeting of shareholders (the "2024 Annual Meeting") on May 15, 2024. At the close of business on March 22, 2024, there were 4,793,674 common shares outstanding and 4,790,969 entitled to vote. At the 2024 Annual Meeting, $3,843,481, or 80.22%, of the outstanding common shares entitled to vote were represented by proxy or in person. A summary of the proposals voted upon by the shareholders and the final voting results for each such matter are set forth below. The proposals are also described in detail in the Company's Proxy Statement filed on April 5, 2024. Proposal 1 The Company's shareholders elected four individuals to the Board of Directors for a term expiring in 2027, as set forth below: Name Votes For Votes Withheld Broker Non-Votes Anna P. Barnitz 3,113,135 201,466 528,880 Brent R. Eastman 3,148,049 166,553 528,879 Edward B. Roberts 3,107,733 206,868 528,880 Thomas E. Wiseman 3,025,084 289,518 528,879 Proposal 2 The Company's shareholders approved, in a non-binding vote, the compensation of the Company's named executive officers, as set forth below: Votes For Votes Against Abstentions Broker Non-Votes 3,048,706 209,519 56,958 528,298 Proposal 3 The Company's shareholders ratified the selection of Plante & Moran PLLC as the Company's independent registered public accounting firm for the Votes For Votes Against Abstentions 3,773,216 19,005 51,260

SIGNATURES

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 thereunto duly authorized. OHIO VALLEY BANC CORP. Date: May 15, 2024 By: /s/Larry E. Miller, II Larry E. Miller, II President and Chief Executive Officer

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