BB&T: Submission Of Matters To A Vote Of Security Holders
The following excerpt is from the company's SEC filing
April 29, 2014, BB&T Corporation, a North Carolina corporation
(the “Corporation” or “BB&T”), held its 2014 Annual Meeting of Shareholders (the “Annual Meeting”)
in Winston-Salem, North Carolina. A total of 573,184,598 of the Corporation’s shares of Common Stock were present or represented
by proxy at the meeting. This represented approximately 80.59% of the Corporation’s 711,219,543 shares of Common Stock that
were outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, BB&T shareholders voted on six proposals
and cast their votes as described below. The proposals are described in BB&T’s d
efinitive proxy statement on Schedule
14A filed with the U.S. Securities and Exchange Commission on March 17, 2014.
Each of the individuals named below was elected to serve
as a director of the Corporation for a one-year term expiring at the 2015 Annual Meeting of Shareholders:
Proposal 4: Vote to approve
an Amendment to BB&T’s Articles of Incorporation to implement a majority voting standard in uncontested director elections
Shareholders approved the
Amendment to BB&T’s Articles of Incorporation to provide that director nominees shall be elected by the affirmative
vote of the majority of votes cast at an annual meeting of shareholders in uncontested elections, with a plurality voting standard
retained for contested director elections. On April 30, 2014, BB&T filed Amended and Restated Articles of Incorporation to
reflect these changes. A copy of the Amended and Restated Articles of Incorporation is attached hereto as Exhibit 3(i).
Shareholders supported the
Board of Directors’ recommendation, rejecting a shareholder proposal requesting reports with respect to BB&T’s
political contributions and related policies and procedures.
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.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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