Company: CMTV
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000534
Chunk: 7

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 7
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 meeting. Shares voted by proxies (whether voted via the internet, by telephone or by mail) or voted by ballot on any of the proposals (including those marked “WITHHOLD” on Proposal 1 or “ABSTAIN” on Proposals 2, 3 or 4) will be treated as shares present or represented at the meeting and entitled to vote for purposes of determining a quorum to convene the meeting and to vote on the particular proposal. Broker non-votes on Proposals 1, 2 or 3, which are considered non-routine matters for purposes of broker voting authority, will not be considered as shares present and entitled to vote in determining whether a quorum is present for action on those proposals. Broker proxies will be considered as shares present and entitled to vote in determining whether a quorum is present to convene the meeting and to vote on Proposal 4, which is considered a routine matter for purposes of broker voting authority. How many votes are required for the election of directors (Proposal 1)? Under our Amended and Restated Articles of Incorporation and bylaws, in order to be elected under Proposal 1 (Election of Directors) a nominee for director must receive the affirmative vote of the holders of at least a majority of the shares present in person or represented by proxy at the meeting and entitled to vote. Broker non-votes, if any, and shares represented by proxies or ballots marked “WITHHOLD” on Proposal 1, with respect to one or more individual nominees or the entire slate of nominees, will have the same effect on the outcome of the election as a vote against the nominees or slate of nominees, as the case may be. How many votes are required to approve the advisory vote on executive compensation (Proposal 2)? 5 Approval of the non-binding vote to approve our executive compensation will require that more votes are cast “FOR” than are cast “AGAINST” the proposal. Votes to “ABSTAIN” on Proposal 2 and broker non-votes, if any, are not treated as votes cast and, therefore, will not have any effect on the outcome of the vote on Proposal 2. How many votes are required to approve the advisory vote on the frequency of future advisory votes on executive compensation (Proposal 3)? Approval of a frequency for future non-binding votes on our executive compensation will be determined by a plurality of the votes cast. Votes to ABSTAIN” on Proposal 3 and broker non-votes, if any, are not treated