Item 5.07 Submission of Matters to a Vote of Security Holders

Mackinac Financial Corporation ("the Company") held its 2021 Annual Meeting of Shareholders on May 25, 2021. The shareholders (i) elected four members of the Company's Board of Directors to serve until the Annual Meeting in the year 2024; (ii) approved, in a non-binding vote, the Company's compensation of its named executive officers; and (iii) ratified the appointment of Plante & Moran, PLLC as the Company's independent auditors for the year ending December 31, 2021. There were 10,550,393 outstanding shares eligible to vote as of April 13, 2021, the record date for the Annual Meeting.

The voting results on the three matters were as follows:





Election of Directors



                          For          Withheld        Broker Non-votes
Walter J. Aspatore      5,191,191       1,013,212              1,580,891
Robert H. Orley         5,204,800         999,603              1,580,891
Randolph C. Paschke     3,601,156       2,603,247              1,580,891
Martin Thomson          6,090,462         113,941              1,580,891

Advisory (Non-Binding) Vote on Executive Compensation





    For          Against      Abstain       Broker Non-votes
  5,837,760       315,804       50,839              1,580,891

Ratification of Appointment of Independent Auditors





    For         Against      Abstain      Broker Non-votes
  7,748,432       28,889        7,973                     -




                                       2

© Edgar Online, source Glimpses