BB&T: Submission Of Matters To A Vote Of Security Holders


The following excerpt is from the company's SEC filing.

On 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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Other recent filings from the company include the following:

Registration of securities, business combinations - Oct. 24, 2014
Quarterly report filed by institutional managers, Holdings - Oct. 21, 2014

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