TriCo Bancshares Files 8-K for Shareholder Vote
Ticker: TCBK · Form: 8-K · Filed: May 29, 2024 · CIK: 356171
Sentiment: neutral
Topics: shareholder-meeting, corporate-governance, filing
TL;DR
TriCo Bancshares held a shareholder vote on May 23rd. Standard corporate stuff.
AI Summary
On May 23, 2024, TriCo Bancshares filed an 8-K report detailing a shareholder meeting where proposals were submitted for a vote. The company, headquartered at 63 Constitution Drive, Chico, California, is a commercial bank.
Why It Matters
This filing indicates a formal process for shareholder engagement and decision-making on corporate matters, which is a standard but important aspect of corporate governance.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder meeting and does not indicate any unusual financial or operational risks.
Key Players & Entities
- TriCo Bancshares (company) — Registrant
- May 23, 2024 (date) — Date of earliest event reported
- 63 Constitution Drive, Chico, California 95973 (location) — Principal executive offices and mailing address
FAQ
What was the primary purpose of the May 23, 2024 8-K filing for TriCo Bancshares?
The primary purpose was to report on matters submitted to a vote of security holders, indicating a shareholder meeting took place.
What is TriCo Bancshares' primary business as indicated by its SIC code?
TriCo Bancshares' Standard Industrial Classification (SIC) code is 6022, which corresponds to State Commercial Banks.
Where are TriCo Bancshares' principal executive offices located?
TriCo Bancshares' principal executive offices are located at 63 Constitution Drive, Chico, California 95973.
What is the fiscal year end for TriCo Bancshares?
TriCo Bancshares' fiscal year ends on December 31st.
Under which section of the Securities Exchange Act of 1934 is this 8-K report filed?
This 8-K report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 711 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-05-29 16:29:09
Filing Documents
- tcbk-20240523.htm (8-K) — 48KB
- tcbk-20240523_g1.jpg (GRAPHIC) — 24KB
- 0000356171-24-000052.txt ( ) — 230KB
- tcbk-20240523.xsd (EX-101.SCH) — 2KB
- tcbk-20240523_lab.xml (EX-101.LAB) — 22KB
- tcbk-20240523_pre.xml (EX-101.PRE) — 13KB
- tcbk-20240523_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders On May 23, 2024, TriCo Bancshares (the "Company") held its 2024 annual meeting of shareholders. As of the record date for the annual meeting, there were 33,168,770 shares of common stock outstanding entitled to vote on all proposals presented at the annual meeting. 28,311,531 shares of common stock, or 85.4% of the total outstanding, were present at the meeting in person or by proxy. At the annual meeting, the Company's shareholders (i) elected all 11 nominees to the Company's Board of Directors, (ii) approved the Company's 2024 Equity Incentive Plan, (iii) approved the compensation of the Company's executive officers on an advisory (nonbinding) basis, and (iv) ratified the selection of Moss Adams LLP as the Company's principal independent auditor for 2024. The following are the voting results of each matter submitted to the Company's shareholders at the annual meeting. 1. Election of the following 11 nominees to the Company's Board of Directors: Nominee For Withheld Abstained/Broker Non-Votes Kirsten E. Garen 24,609,171 310,222 3,391,996 Cory W. Giese 24,450,045 469,349 3,391,996 John S. A. Hasbrook 23,618,432 1,300,962 3,391,996 Margaret L. Kane 24,638,601 280,793 3,391,996 Michael W. Koehnen 24,668,278 251,116 3,391,996 Anthony L. Leggio 24,633,270 286,124 3,391,996 Martin A. Mariani 24,449,255 470,139 3,391,996 Thomas C. McGraw 24,627,803 291,591 3,391,996 Jon Y. Nakamura 24,628,217 291,177 3,391,996 Richard P. Smith 24,573,333 346,061 3,391,996 Kimberley H. Vogel 24,624,340 295,054 3,391,996 2. Approve the Equity Incentive Plan: Votes For 24,100,200 Against 650,158 Abstain 169,177 Broker Non-Votes 3,391,996 3. Advisory (nonbinding) resolution to approve the compensation of the Company's executives: Votes For 24,295,880 Against 444,625 Abstain 179,030 Broker Non-Votes 3,391,996 4. Ratification of Moss Adams LLP as the Company's independent public accountants for the
01 Other Events
Item 8.01 Other Events Election of Chairman of the Board Following the 2024 Annual Meeting, the Board of Directors of the Company ("Board") unanimously elected Richard P. Smith, President and Chief Executive Officer of the Company as Chairman of the Board. The Board also unanimously elected Cory W. Giese as Lead Independent Director of the Company.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. None
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. TRICO BANCSHARES Date: May 29, 2024 /s/ Peter G. Wiese Peter G. Wiese, Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)