form8-k.htm
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):  April 21, 2011

Southside Bancshares, Inc.
(Exact name of registrant as specified in its charter)


Texas
  
0-12247
  
75-1848732
(State or other jurisdiction of incorporation)
  
(Commission File Number)
  
(IRS Employer Identification Number)


1201 S. Beckham, Tyler, Texas
      
75701
(Address of principal executive offices)
      
(Zip Code)


Registrant's telephone number, including area code (903) 531-7111

NA
(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:

p
Written communications pursuant to Rule 425 under Securities Act (17 CFR 230-425)

p
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240-14a-12)

p
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

ITEM 5.07  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

The annual meeting of the shareholders was held on April 21, 2011, in Tyler, Texas.  Five directors were elected for a term of three years and one director was elected for a term of two years.  The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2011, was ratified.  The shareholders adopted, on a non-binding, advisory basis, a proposal approving the compensation of the Company’s named executive officers (“Say on Pay”).  The shareholders selected, on a non-binding, advisory basis, a triennial vote for the frequency at which the Company should include an advisory vote on the compensation of the Company’s named executive officers in its proxy statement for shareholder consideration (“Frequency of Say on Pay”).

The final voting results are set forth below:

   
Shares Voted
  
Nominees for Director for a term expiring at the 2014 Annual Meeting
  
For
    
Withheld
    
Broker
Non Votes
  
Sam Dawson
     10,559,953       115,905       2,802,353  
Melvin B. Lovelady
     10,596,264       79,594       2,802,353  
William Sheehy
     10,072,513       603,345       2,802,353  
Preston L. Smith
     10,602,421       73,437       2,802,353  
Lawrence Anderson, M.D.
     10,527,424       148,434       2,802,353  

Nominee for Director for a term expiring at the 2013 Annual Meeting
  
For
    
Withheld
    
Broker
Non Votes
  
Pierre de Wet
     10,483,658       192,200       2,802,353  
                         

   
For
    
Against
    
Abstain
  
Ratification of Independent Registered Public Accounting Firm
     13,146,873       323,389       7,949  
                         

   
For
    
Against
    
Abstain
    
Broker
Non-Votes
  
Say on Pay
     10,340,585       132,144       203,129       2,802,353  
                                 

   
3 Years
    
2 Years
    
1 Year
    
Abstain
    
Broker Non-Votes
  
Frequency of Say on Pay
     6,107,827       177,412       4,208,123       182,496       2,802,353  
                                         


   
Outstanding
    
# Voted
    
% Voted
  
At Date of Record
     15,637,272       13,478,211       86.19  
                         


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
Southside Bancshares, Inc.
     
Date:  April 27, 2011
By:
/s/  LEE R. GIBSON
   
Lee R. Gibson, CPA
   
Senior Executive Vice President and Chief Financial Officer