LAKEWOOD, Colo., June 27, 2017 (GLOBE NEWSWIRE) -- At the Solera National Bancorp, Inc. (the “Company”) (OTC:SLRK) annual shareholder meeting held on June 21, 2017, the shareholders elected the seven directors standing for election and ratified the selection of Eide Bailly, as Solera National Bancorp, Inc.’s independent registered public accounting firm for the 2017 fiscal year. At the meeting, holders of 1,486,451 shares of common stock of the Company were present, in person or by proxy, accounting for 54.5% of the 2,727,813 shares entitled to vote.
The following is a summary of the voting results for each matter presented to our shareholders:
1. The election of seven directors to the Board of Directors of Solera National Bancorp, Inc. for terms expiring at the 2018 annual meeting of shareholders and/or until their successors are duly elected and qualified. The shares were voted for each as follows:
| FOR | WITHHELD | BROKER NON-VOTES | TOTAL | ||||||
| Robert J. Fenton | 1,204,265 | 41,700 | 240,486 | 1,486,451 | |||||
| Melissa K. Larkin | 1,221,765 | 24,200 | 240,486 | 1,486,451 | |||||
| Marty P. May | 1,221,765 | 24,200 | 240,486 | 1,486,451 | |||||
| Rene Morin | 1,219,765 | 26,200 | 240,486 | 1,486,451 | |||||
| Michael D. Quagliano | 1,218,926 | 27,039 | 240,486 | 1,486,451 | |||||
| Philip J. Randell | 1,242,965 | 3,000 | 240,486 | 1,486,451 | |||||
| Alan D. Weel | 1,242,965 | 3,000 | 240,486 | 1,486,451 |
2. The ratification of Eide Bailly as the independent registered public accounting firm for Solera National Bancorp, Inc. for the fiscal year ending December 31, 2017. The vote with respect to this proposal was:
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | TOTAL | |||||||
| 1,465,901 | 500 | 20,050 | — | 1,486,451 |
Mr. Eric B. Liebman elected not to stand for reelection as a director of the Company and Solera National Bank upon the expiration of his term. As such, Mr. Liebman resigned as a director of the Company and Solera National Bank, effective immediately following the adjournment of the Annual Meeting held on June 21, 2017. Mr. Liebman’s decision to not stand for reelection was not due to any disagreement on any matter relating to the Company’s or the Bank’s operations, policies or practices. The Company thanks Mr. Liebman for his years of service as a director.
Contact: Martin P. May, President & CEO 303.937.6422 -or- Melissa K. Larkin, EVP, CFO 303.937.6423
