form8k519.htm

 

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 20, 2010 (May 19, 2010)
 
______________
 
BANCORP RHODE ISLAND, INC.
(Exact name of registrant as specified in its charter)
 
______________
 
Rhode Island
(State or other jurisdiction of incorporation)

 333-33182                                                                       05-0509802
      (Commission File Number)                                       (IRS Employer Identification Number)
 
 
One Turks Head Place, Providence, Rhode Island 02903
(Address of principal executive offices)
 
(401) 456-5000
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

 

 
 
 
 
 




 
ITEM 5.07. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

On May 19, 2010, Bancorp Rhode Island, Inc. (the “Company”) held its 2010 Annual Meeting of Shareholders (the “Meeting”) in Providence, Rhode Island.  Of the 4,633,340 shares of the Company’s common stock outstanding as of the record date, 4,445,885 shares were present or represented by proxy at the Meeting.  At the Meeting, the shareholders voted to (i) elect four Class II directors to serve until 2013, (ii) approve an advisory (non-binding) proposal on the Company’s executive compensation, and (iii) ratify the appointment of KPMG LLP as independent auditors for the Company.  The voting results from the Meeting were as follows:
 
PROPOSAL 1—To elect four Class II Directors with terms expiring in 2013
 
  
 For
    
 Withhold
  
John R. Berger
     3,928,954       138,838  
Richard L. Bready
     3,934,550       133,242  
Michael E. McMahon
     4,046,683       21,109  
Pablo Rodriguez, M.D.
     2,929,912       1,137,880  
 
 
   
For
    
Against
    
Abstain
  
 
PROPOSAL 2— To consider and approve an advisory (non-binding) proposal on the Company’s executive compensation
     4,396,409       42,970       6,506  

   
For
    
Against
    
Abstain
  
 
PROPOSAL 3— To ratify the appointment of KPMG LLP as independent auditors for the Company
     4,431,852       11,891       2,142  
 
 
ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS
 
 
(c)           Exhibit
 
 
Exhibit no.                      Exhibit
 
 
None.
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  BANCORP RHODE ISLAND, INC.  
       
Date:  May 20, 2010
By:
/s/ Linda H. Simmons  
    Linda H. Simmons  
    Chief Financial Officer