MVB Financial shareholders approve merger with Integrated Financial Holdings

MVB FINANCIAL CORP

Shareholders voted 8,265,057 for, 62,224 against, 81,029 abstain to approve the Merger Agreement with IFHI.
Authorized common shares increased from 20M to 40M as approved by shareholders (9,481,315 for, 299,043 against).
Merger expected to close in Q1 2023, subject to regulatory approvals and customary conditions.
Combined entity to become a national leader in government guaranteed lending (SBA/USDA).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

MVB FINANCIAL CORP shareholders approved Approval of Agreement and Plan of Merger and Reorganization with Integrated Financial Holdings, Inc. at the 2023-01-25 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-01-25

Exact text from the filing

Proposal 1: The MVB Merger Proposal: For Against Abstain Broker Non-Votes 8,265,057 62,224 81,029 1,412,647

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

MVB FINANCIAL CORP shareholders approved Approval of amendment to articles of incorporation to increase authorized shares from 20,000,000 to 40,000,000 at the 2023-01-25 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-01-25

Exact text from the filing

Proposal 2: The MVB Articles Amendment Proposal For Against Abstain Broker Non-Votes 9,481,315 299,043 40,599 N/A

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545 shareholder votes filed in the last 30 days. Browse all shareholder votes →

MVB FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001277902-23-000017

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