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 27, 2009
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SALISBURY BANCORP, INC.
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(Exact name of registrant as specified in charter)
Connecticut 0-24751 06-1514263
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification No.)
5 Bissell Street, Lakeville, Connecticut 06039-1868
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (860) 435-9801
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions (see General Instructions A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
C.F.R. 230.425)
[_] Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 C.F.R.
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 C.F.R. 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 C.F.R. 240.13e-4(c))
Form 8-K, Current Report
Salisbury Bancorp, Inc.
Section 8. Other Events.
Item 8.01. Other Events.
A. Annual Meeting of Shareholders of Salisbury Bancorp, Inc.
The Annual Meeting of Shareholders of Salisbury Bancorp, Inc. (the
"Company"), the holding company for Salisbury Bank and Trust Company (the
"Bank") was held on Wednesday, May 27, 2009. Shareholders voted on the election
of directors, the ratification of the appointment of independent auditors and
the non-binding advisory vote on the compensation of named executive officers.
The results of the votes of shareholders regarding each proposal are set
forth below:
PROPOSAL 1
ELECTION OF DIRECTORS
Each of the three nominees received in excess of a plurality of the votes
cast at the meeting and were elected to serve until their term expires or their
successors are elected and qualified.
The vote for electing nominees as directors was as follows:
Withholding
For Authority
John R. H. Blum Number of Shares: 1,313,082 37,956
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Percentage of
Shares Voted: 97.2% 2.8%
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Percentage of Shares
Entitled to Vote: 77.8% 2.3%
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Withholding
For Authority
Holly J. Nelson Number of Shares: 1,320,229 30,809
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Percentage of
Shares Voted: 97.7% 2.3%
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Percentage of Shares
Entitled to Vote: 78.3% 1.8%
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Withholding
For Authority
John F. Perotti Number of Shares: 1,318,547 32,491
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Percentage of
Shares Voted: 97.6% 2.4%
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Percentage of Shares
Entitled to Vote: 78.2% 1.9%
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PROPOSAL 2
RATIFICATION OF THE APPOINTMENT OF INDEPENDENT AUDITORS
The appointment of Shatswell, MacLeod & Company, P.C. as independent
auditors for the Company for the year ending December 31, 2009 was approved
because the votes for such appointment exceeded the votes against such
appointment.
The vote to ratify the appointment of Shatswell, MacLeod & Company, P.C.
as independent auditors for the Company for the year ending December 31, 2009
was as follows:
For Against Abstain
Number of Shares: 1,345,599 1,815 3,624
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Percentage of Shares Voted: 99.6% .1% .3%
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Percentage of Shares
Entitled to Vote: 79.8% .1% .2%
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PROPOSAL 3
NON-BINDING ADVISORY VOTE ON THE COMPENSATION
OF NAMED EXECUTIVE OFFICERS
The vote to approve the non-binding advisory vote on the compensation
of named executive officers was as follows:
For Against Abstain
Number of Shares: 1,225,675 56,220 69,143
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Percentage of Shares Voted: 90.7% 4.2% 5.1%
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Percentage of Shares
Entitled to Vote: 72.7% 3.3% 4.1%
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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 hereto duly authorized.
Dated: May 29, 2009 SALISBURY BANCORP, INC.
By: /s/ John F. Foley
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John F. Foley
Secretary