Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Charlotte A. Zuschlag and Ronald W. Owen's terms as members of the Wesbanco,
Inc. ('Wesbanco") Board of Directors expired as of the Annual Meeting of
Stockholders held on April 21, 2021. Both Ms. Zuschlag and Mr. Owen are retiring
from the Board because they are not eligible under Wesbanco's Bylaws to stand
for re-election due to the age 70 limitation as of the date of re-election, and
not as a result of any disagreement with Wesbanco. Both Ms. Zuschlag and Mr.
Owen have served as members of the Board of Directors of the Corporation since
February 10, 2015 as a result of Wesbanco's acquisition of ESB Financial
Corporation.
(e) On April 21, 2021, the shareholders of Wesbanco approved amendments to the
Wesbanco, Inc. Incentive Bonus, Option and Restricted Stock Plan, as amended and
restated (the "Plan"). The shareholders also approved an increase in the number
of shares that may be issued under the Plan by 2,000,000 shares.
The terms of the Plan are set forth under the caption "Item 4 Approval of the
Wesbanco, Inc. Key Executive Incentive Bonus, Option and Restrict Stock Plan, as
amended and restated, including an increase to the number of shares authorized
for issuance" in Wesbanco's definitive proxy statement for its 2021 annual
meeting filed with the Securities and Exchange Commission (the "Commission") on
March 17, 2021. Such !description is incorporated herein by reference and is
qualified in its entirety by reference to the Plan, filed as Exhibit 10.1 to
this report on Form 8-K.
Item 5.07 Submission of Matters to a Vote of Security Holders.
Item 1 - Election of Directors
On April 21, 2021, Wesbanco's Annual Meeting of its Stockholders was held. The
following directors were elected to the Board of Directors for a term of three
years expiring at the Annual Stockholders' Meeting in 2024:
For Withheld Non Votes
James W. Cornelsen 47,684,826 2,230,223 7,500,673
Robert J. Fitzsimmons 49,346,111 568,938 7,500,673
D. Bruce Knox 47,133,274 2,781,775 7,500,673
Gary L. Libs 49,322,001 593,048 7,500,673
Reed J. Tanner 48,191,119 1,723,930 7,500,673
Item 2 - Approval of an Advisory (Non-Binding) Vote on the Corporation's
Executive Compensation Paid to the Named Executive Officers
Wesbanco's stockholders also approved an advisory (non-binding) proposal on
Wesbanco, Inc.'s executive compensation paid to Wesbanco's named executive
officers. The results of the vote were as follows:
For Against Abstain Non Votes
Advisory vote to approve Wesbanco,
Inc.'s executive compensation 46,259,725 2,518,869 1,136,455 7,500,673
Item 3 - Advisory (Non-Binding) Vote Ratifying the Appointment of Independent
Registered Public Accounting Firm
Wesbanco's stockholders also approved an advisory (non-binding) proposal
ratifying the appointment of Ernst & Young, LLP as Wesbanco's independent
registered public accounting firm for the fiscal year ending December 31, 2021.
The results of the vote were as follows:
For Against Abstain Non Votes
Advisory vote to ratify appointment
of independent registered public
accounting firm 55,621,742 1,118,619 675,361 -
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Item 4 - Approval of the Incentive Plan, as Amended and Restated, to Increase
the Number of Shares Authorized for Issuance
Wesbanco's stockholders also approved the Wesbanco, Inc. Key Executive Incentive
Bonus, Option and Restricted Stock Plan as amended and restated and also
approved an increase to the number of shares authorized for issuance under the
Plan by 2,000,000 shares. The results of the vote were as follows:
For Against Abstain Non Votes
To approve Wesbanco, Inc Key
Executive Bonus, Option and
Restricted Stock Plan, as amended and
restated, to increase the number of
shares authorized for issuance 46,140,181 2,732,935 1,041,933 7,500,673
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
10.1 - Wesbanco, Inc. Incentive Bonus, Option and Restricted Stock Plan, as
amended.
104 - Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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