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EMCLAIRE FINANCIAL CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer. (a) - (d) Not applicable (e) On April 22, 2014, the stockholders of Emclaire Financial Corp (the "Corporation") approved the Corporation's 2014 Stock Incentive Plan. The 2014 Stock Incentive Plan provides for the grant of incentive stock options intended to comply with the requirements of Section 422 of the Internal Revenue Code, non-incentive or compensatory stock options and share awards of restricted stock, which may be based upon performance goals. A total of 176,866 shares of common stock of the Company are available for grant under the plan to officers, key employees and directors of the Company and any subsidiaries. The number of shares of common stock available to be issued as share awards under the plan will not exceed 88,433 shares, or 50% of the shares available under the plan. For additional information, reference is made to the 2014 Stock Incentive Plan, which is included as Exhibit 10.1 and incorporated by reference herein (f) Not applicable. ITEM 5.07. Submission of Matters to a Vote of Security Holders (a) The Emclaire Financial Corp (the Corporation) Annual Meeting of Shareholders was held on April 22, 2014. At the annual meeting, 1,428,306 shares of common stock, or 80.70% of the 1,769,908 shares of common stock outstanding and entitled to vote at the annual meeting, were voted in person or by proxy. (b) Set forth below are the matters which were acted upon by the Corporation's shareholders at the annual meeting: 1. Election of three (3) directors to serve for three-year terms and until their successors are duly elected and qualified; 2. Consideration and approval of the 2014 Stock Incentive Plan; and 3. Ratification of the selection of Crowe Horwath LLP, Certified Public Accountants, as the independent registered public accounting firm of the Corporation for the fiscal year ending December 31, 2014. As to proposal number one, the following directors were elected for a three-year term expiring in 2017: Name Shares For Shares Withheld Broker Non-vote James M. Crooks 1,111,195 20,857 296,254 Robert L. Hunter 1,105,297 26,755 296,254 John B. Mason 1,073,493 58,559 296,254 Proposal number two, the consideration and approval of the 2014 Stock Incentive Plan, was approved with 919,700 shares in favor, 191,002 shares against, 21,350 shares abstained and 296,254 shares broker non-votes. -------------------------------------------------------------------------------- Proposal number three, the recommendation of the Board of Directors to ratify the appointment of Crowe Horwath, LLP as the Corporation's independent registered public accounting firm, was approved with 1,415,405 shares in favor, 1,242 shares against and 11,659 shares abstained. (c) Not applicable. (d) Not applicable. ITEM 9.01. Financial Statements and Exhibits (a) - (c) Not applicable (d) Exhibits. Number Description 10.1 Emclaire Financial Corp 2014 Stock Incentive Plan (1) __________________ (1) Incorporated by reference to Appendix A to the definitive proxy statement for the annual meeting of stockholders held on April, 22, 2014, filed by Emclaire Financial Corp with the SEC on March 21, 2014 (SEC File No. 000-18646). -------------------------------------------------------------------------------- |