M&A: CHOICEONE FINANCIAL SERVICES INC

Form Type: 8-K

Filing Date: 2024-12-13

Corporate Action: Merger

Type: New

Accession Number: 000090572924000172

Comments: On December 12, 2024, ChoiceOne Financial Services, Inc. held a special meeting of shareholders where key proposals related to the Merger Agreement with Fentura Financial, Inc. were voted on. The first proposal involved the issuance of shares of ChoiceOne common stock to Fentura shareholders, which was approved with 5,823,344 votes for and 101,305 against. The second proposal aimed at amending ChoiceOne's Articles of Incorporation to increase the number of authorized shares from 15 million to 30 million, which garnered 5,769,823 votes for approval. The adjournment proposal was not acted upon as a sufficient quorum was present. Subsequently, on December 13, 2024, a press release was issued announcing the outcomes of the shareholder meeting, detailing the approved proposals and the anticipated merger.

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