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SMMF Summit Financial

Employees

Data from SEC filings
Employee count

Shareholder alignment

Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM



(a) Summit Financial Group, Inc. (the “Company”) held its virtual Annual Meeting of Shareholders on May 20, 2021 for the purpose of considering and voting upon the following:




i.To elect five (5) directors to serve until the Annual Meeting in 2024;




ii.To ratify the selection of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2021;




iii.To approve an amendment to the Summit 2014 Long-Term Incentive Plan (“LTIP”) to increase the number of shares available for issuance under the LTIP; and




iv.To transact such other business as may properly come before the Meeting.




(b) The total number of shares of the Company’s common stock issued, outstanding and entitled to vote at the Annual Meeting was 12,986,088 shares of which 9,542,131 shares voted representing 73.48%. The holders of common stock of the Company voted on three proposals. No other business was brought before the meeting.




The results of the voting on the three proposals were as follows:




(i) Proposal 1 – To elect five (5) directors to serve until the Annual Meeting in 2024.




The following directors were elected to serve until the Annual Meeting in 2024:




VOTES FORVOTES

WITHHELD
ABSTENTIONSBROKER

NON-VOTES
James M. Cookman6,809,5501,214,836-1,517,745
Gary L. Hinkle6,733,0501,291,336-1,517,745
Jason A. Kitzmiller7,780,775243,611-1,517,745
H. Charles Maddy, III7,761,644262,742-1,517,745
Ronald B. Spencer7,897,187127,199-1,517,745








(ii) Proposal 2 – To ratify the selection of Yount, Hyde & Barbour, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2021:




VOTES FORVOTES

AGAINST
ABSTENTIONSBROKER

NON-VOTES
9,365,561136,55140,019-








(iii) Proposal 3 – To approve an amendment to the Summit 2014 Long-Term Incentive Plan (“LTIP”) to increase the number of shares available for issuance under the LTIP.




VOTES FORVOTES

AGAINST
ABSTENTIONSBROKER

NON-VOTES
7,548,085372,938103,3631,517,745