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Section 1: 8-K (8-K CHFC 2019 ANNUAL MEETING VOTING RESULTS)

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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): May 7, 2019
Chemical Financial Corporation
(Exact Name of Registrant as
Specified in its Charter)
 
Michigan
(State or Other Jurisdiction
of Incorporation)
000-08185
(Commission
File Number)
38-2022454
(IRS Employer
Identification No.)
 

333 W. Fort Street, Suite 1800
Detroit, Michigan
(Address of Principal Executive Offices)
 
48226
(Zip Code)
 
Registrant's telephone number, including area code:  (800) 867-9757

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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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    o
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. o

 
 
 
 
 








Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
At the Chemical Financial Corporation ("Chemical") annual meeting of shareholders on May 7, 2019, our shareholders approved, among other things, the Chemical Financial Corporation Stock Incentive Plan of 2019 (the "Plan"), which was previously adopted by our Board of Directors subject to shareholder approval. A description of the terms and conditions of the Plan is included in Chemical’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on March 26, 2019 (the "2019 Proxy Statement"), under the caption "Proposal 4-Approval of the Chemical Financial Corporation Stock Incentive Plan of 2019," which description is incorporated herein by reference. The summary of the Plan set forth in the 2019 Proxy Statement is not complete and is qualified in its entirety by reference to the full text of the Plan, a copy of which is attached as Appendix A to the 2019 Proxy Statement and incorporated herein by reference.
Item 5.07
Submission of Matters to a Vote of Security Holders.

Chemical held its annual meeting of shareholders on Tuesday, May 7, 2019. At that meeting, the shareholders voted on four proposals noted below, as described in Chemical's 2019 Proxy Statement. Following is a tabulation of the votes with respect to each proposal.
Proposal 1
Proposal 1 was the election of 13 directors. The following directors were elected with the following votes to serve until the 2020 annual meeting of shareholders or until their respective successors are duly elected and qualified:
 
 
Votes Cast
Election of Directors
 
For
 
Withheld
 
Broker Non-Votes
 
 
 
 
 
 
 
James R. Fitterling
 
49,015,058

 
6,378,371

 
7,820,533

Ronald A. Klein
 
51,166,249

 
4,227,180

 
7,820,533

Richard M. Lievense
 
52,610,766

 
2,782,663

 
7,820,533

Barbara J. Mahone
 
53,594,228

 
1,799,201

 
7,820,533

Barbara L. McQuade
 
54,890,374

 
503,055

 
7,820,533

John E. Pelizzari
 
53,727,299

 
1,666,130

 
7,820,533

David T. Provost
 
54,722,781

 
670,648

 
7,820,533

Thomas C. Shafer
 
52,371,920

 
3,021,509

 
7,820,533

Larry D. Stauffer
 
54,371,945

 
1,021,484

 
7,820,533

Jeffrey L. Tate
 
54,787,321

 
606,108

 
7,820,533

Gary Torgow
 
52,557,050

 
2,836,379

 
7,820,533

Arthur A. Weiss
 
53,701,412

 
1,693,017

 
7,820,533

Franklin C. Wheatlake
 
53,274,141

 
2,119,288

 
7,820,533

Proposal 2
Proposal 2 was a proposal to ratify the appointment of KPMG LLP as Chemical's independent registered public accounting firm for the year ending December 31, 2019. This proposal was approved with the following votes:
Votes Cast
For
 
Against
 
Abstain
 
Broker Non-Votes
 
 
 
 
 
 
 
62,293,874

 
796,285

 
123,803

 





Proposal 3
Proposal 3 was a non-binding advisory vote on the compensation of Chemical's named executive officers. This proposal was approved with the following votes:
Votes Cast
For
 
Against
 
Abstain
 
Broker Non-Votes
 
 
 
 
 
 
 
53,304,061

 
1,910,165

 
179,203

 
7,820,533


A non-binding advisory proposal to vote on the compensation of Chemical's named executive officers will next occur in connection with Chemical's 2020 annual meeting of shareholders.

Proposal 4
Proposal 4 was a proposal to approve the Chemical Financial Corporation Stock Incentive Plan of 2019. This proposal was approved with the following votes:
Votes Cast
For
 
Against
 
Abstain
 
Broker Non-Votes
 
 
 
 
 
 
 
52,240,847

 
2,980,990

 
171,592

 
7,820,533








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 hereunto duly authorized.
Dated:
May 8, 2019
CHEMICAL FINANCIAL CORPORATION
(Registrant)
 
 
 
 
 
 
 
 
/s/ Dennis L. Klaeser
 
 
     Dennis L. Klaeser
     Executive Vice President and Chief Financial
     Officer




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