First Community Bancshares corrects voting results, says shareholders approved charter amendment
FCBC•First Community Bancshares corrected its report on the April 22, 2025, annual meeting, saying shareholders approved a charter amendment with 11,193,844 votes in favor and 101,454 against.
1. Corrected vote outcome
First Community Bancshares said shareholders approved a charter amendment that it had previously reported as rejected. The amendment changes voting requirements for certain corporate transactions and future charter amendments.
2. Approval threshold
Because the board unanimously supported the proposal, passage required a majority of votes entitled to be cast, rather than 75% of outstanding common shares. The company said the previously reported numerical voting results remain unchanged.
