8-K
0001676479false00016764792022-04-212022-04-21

 

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 21, 2022

 

 

CAPSTAR FINANCIAL HOLDINGS, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Tennessee

001-37886

81-1527911

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

1201 Demonbreun Street, Suite 700

 

Nashville, Tennessee

 

37203

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 615 732-6400

 

 

 

 

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:

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))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $1.00 par value per share

 

CSTR

 

NASDAQ Global Select Market

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.

The annual meeting of shareholders (the “Annual Meeting”) of CapStar Financial Holdings, Inc. (the Company”) was held on April 21, 2022. At the Annual Meeting, the Company’s shareholders (i) elected eleven (11) directors, (ii) approved, on a non-binding, advisory basis, the compensation paid to our named executive officers, (iii) voted, on a non-binding advisory basis, on how often we will hold advisory votes on the compensation paid to our named executive officers and (iv) ratified the appointment of Elliott Davis, LLC as the Company’s independent registered public accounting firm. The Proposals presented at the Annual Meeting are described in more detail in the Company’s Definitive Proxy Statement on Schedule 14A that was filed with the United States Securities and Exchange Commission on March 10, 2022 (the “Proxy Statement”). Holders of 18,737,300 shares of the Company’s common stock, or approximately 84.3% of the 22,226,070 shares of common stock that are issued and outstanding and entitled to vote, were present in person or represented by proxy at the Annual Meeting.

The following are the final voting results on the Proposals presented to the Company’s shareholders at the Annual Meeting.

Proposal 1: Election of Directors

At the Annual Meeting, eleven (11) Directors were recommended for election to serve on the Company’s Board of Directors (the “Board”) until the 2023 Annual Meeting of Shareholders and until their successors have been duly elected and qualified or until such director’s earlier resignation or removal. Former Chairman Dennis C. Bottorff did not stand for re-election and retired from our Board at the Annual Meeting. The Company’s shareholders elected by the following vote each of the eleven (11) director nominees nominated by the Company’s Board to serve as directors until the 2023 annual meeting of shareholders and until their successors have been duly elected and qualified:

Director

 

For

 

 

Withhold

 

 

Broker Non-Votes

 

L. Earl Bentz

 

 

13,594,008

 

 

 

166,990

 

 

 

4,976,302

 

Sam B. DeVane

 

 

13,556,578

 

 

 

204,420

 

 

 

4,976,302

 

Thomas R. Flynn

 

 

13,579,829

 

 

 

181,169

 

 

 

4,976,302

 

Louis A. Green III

 

 

13,644,755

 

 

 

116,243

 

 

 

4,976,302

 

Valora S. Gurganious

 

 

13,330,072

 

 

 

430,926

 

 

 

4,976,302

 

Myra NanDora Jenne

 

 

13,611,462

 

 

 

149,536

 

 

 

4,976,302

 

Joelle J. Phillips

 

 

13,289,505

 

 

 

471,493

 

 

 

4,976,302

 

Timothy K. Schools

 

 

13,415,203

 

 

 

345,795

 

 

 

4,976,302

 

Stephen B. Smith

 

 

13,483,968

 

 

 

277,030

 

 

 

4,976,302

 

James S. Turner, Jr.

 

 

13,478,356

 

 

 

282,642

 

 

 

4,976,302

 

Toby S. Wilt

 

 

13,459,803

 

 

 

301,195

 

 

 

4,976,302

 

Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation

The Company's shareholders approved, on a non-binding advisory basis, executive officer compensation. The voting results were as follows:

For

 

 

Against

 

 

Abstain

 

 

Broker Non-Votes

 

 

13,122,928

 

 

 

311,598

 

 

 

326,472

 

 

 

4,976,302

 

Proposal 3: Advisory Vote on Frequency of Say-On-Pay Vote

The Company's shareholders selected, on a non-binding advisory basis, every one year as the frequency with which the Company should hold votes on executive officer compensation. The voting results were as follows:

1 Yr

 

 

2 Yr

 

 

3 Yr

 

 

Abstain

 

 

Broker Non-Votes

 

 

12,789,169

 

 

 

1,154

 

 

 

539,202

 

 

 

431,473

 

 

 

4,976,302

 

 


Proposal 4: Ratification of Elliott Davis, LLC as the Company’s Independent Registered Public Accounting Firm

The Company’s shareholders ratified the Board’s appointment of Elliott Davis, LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022. The voting results were as follows:

For

 

 

Against

 

 

Abstain

 

 

Broker Non-Votes

 

 

18,617,794

 

 

 

321

 

 

 

119,185

 

 

 

 

 

 


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.

 

 

 

CAPSTAR FINANCIAL HOLDINGS, INC.

 

 

 

 

Date:

April 27, 2022

By:

/s/ Michael J. Fowler

 

 

 

Michael J. Fowler
Chief Financial Officer