f8k_042811-0312.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


 
April 28, 2011
 
 
Date of Report
(Date of earliest event reported)
 

WSFS Financial Corporation
(Exact name of registrant as specified in its charter)


Delaware
 
0-16668
 
22-2866913
(State or other jurisdiction
of incorporation)
 
(SEC Commission
File Number)
 
(IRS Employer
Identification Number)

500 Delaware Avenue, Wilmington, Delaware
 
19801
 
(Address of principal executive offices)
 
(Zip Code)
 


Registrant's telephone number, including area code: (302) 792-6000

Not Applicable
(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:

¨
Written communications pursuant to Rule 425 under the Securities Act
¨           Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
¨           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act


 
 

 


WSFS FINANCIAL CORPORATION

Section 5 – Corporate Governance and Management

Item 5.07   Submission of Matters to a Vote of Security Holders

Four proposals were submitted to a vote of security holders at our Annual Stockholder’s Meeting held on April 28, 2011:
 
Proposal Number 1:
Election of Directors
Proposal Number 2:
Ratification of the Appointment of Independent Registered Public Accounting Firm
Proposal Number 3:
Advisory (non-binding) Vote on Executive Compensation
Proposal Number 4:
Advisory (non-binding) Vote Recommending the Frequency of Advisory Votes on Executive Compensation

Proposal Number 1: Election of Directors

The Board of Directors nominated the following four persons for election:

·  Charles G. Cheleden, for a three-year term
·  Zissimos A. Frangopoulos, for a three-year term
·  Dennis E. Klima, for a three-year term
·  Mark A. Turner, for a three-year term

All nominees proposed were elected. 

The votes cast for each nominee were as follows:

 
For
   
Withheld
 
Charles G. Cheleden
  7,129,066       49,555  
Zissimos A. Frangopoulos
  7,131,276       47,345  
Dennis E. Klima
  7,143,293       35,328  
Mark A. Turner
  7,133,043       45,578  


 
 

 


Proposal Number 2:  Ratification of the Appointment of Independent Registered Public Accounting Firm

This proposal gave shareholders the opportunity to ratify our appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2011.

This proposal was approved. The votes cast were as follows:

For
   
Against
   
Abstain
   
Broker Non-vote
 
  6,938,653       849,500       10,694       500  

Proposal Number 3:  Advisory (non-binding) Vote on Executive Compensation

We asked stockholders to vote on an advisory (non-binding) resolution to approve the compensation of our executives.

This proposal was approved.  The votes cast were as follows:

For
   
Against
   
Abstain
   
Broker Non-vote
 
  7,090,814       69,444       18,362       620,726  

Proposal Number 4:  Advisory (non-binding) Vote Recommending the Frequency of Advisory Votes on Executive Compensation

We asked stockholders to select “Three Years” for the vote on an advisory (non-binding) vote recommending the frequency of advisory votes on executive compensation.

This proposal was approved.  The votes cast were as follows:

One Year
   
Two Years
   
Three Years
   
Abstain
   
Broker Non-vote
 
  3,109,200       163,693       3,885,992       20,236       620,226  







 
 

 

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, hereunto duly authorized.


   
WSFS FINANCIAL CORPORATION
 
 
Date: May 3, 2011
 
 
 
By:
 
 
/s/ Stephen A. Fowle
     
Stephen A. Fowle
Executive Vice President and Chief Financial Officer