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 21, 2018

 

INTERNATIONAL BANCSHARES CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

(Registrant’s telephone number, including area code)  (956) 722-7611

 

None

(Former name or former address, if changed since last report)

 

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 250.13e-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 5.07 Submission of Matters to a Vote of Security Holders.

 

On May 21, 2018, International Bancshares Corporation (the “Company”) held its 2018 Annual Meeting of Shareholders (the “Annual Meeting”), at which the Company submitted the following proposals to its shareholders for a vote:

 

(1)         To elect eight (8) directors to serve until the next Annual Meeting of Shareholders and until their successors shall have been duly elected and qualified;

 

(2)         To ratify the appointment of RSM US LLP, as independent auditors for the fiscal year ending December 31, 2018; and

 

(3)         To consider and approve a non-binding advisory resolution to approve the compensation of the Company’s named executives as described in the Compensation, Discussion and Analysis and the tabular disclosures in the Proxy Statement.

 

The following table lists the final voting results for Proposals 1, 2 and 3 at the Annual Meeting:

 

										Broker
		For		Against		Withheld		Abstentions		Non-Votes
Election of Directors
Javier De Anda		53,155,301				55,551				11,007,025
Irving Greenblum		48,458,521				4,752,331				11,007,025
Douglas B. Howland		52,961,852				249,000				11,007,025
Peggy J. Newman		50,922,158				2,288,694				11,007,025
Dennis E. Nixon		51,740,358				1,470,494				11,007,025
Larry A. Norton		52,961,852				249,000				11,007,025
Roberto R. Resendez		53,162,133				48,719				11,007,025
Antonio R. Sanchez, Jr.		52,944,644				266,208				11,007,025
Ratification of RSM US LLP		58,854,436		335,859				82,437		5,004,489
Non-binding Advisory Resolution on Compensation		52,823,064		283,986				103,698		11,007,029

 

Based on the foregoing results, each director nominee was elected by a majority vote standard, which is the voting standard required by the Company’s Articles of Incorporation for uncontested director elections.  Proposals 2 and 3 were approved by majority vote.

 

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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.

 

	INTERNATIONAL BANCSHARES CORPORATION
	(Registrant)
	By:	/s/ Dennis E. Nixon
		Dennis E. Nixon, President and Chairman of the Board
Date: May 23, 2018

 

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