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): May 14, 2008
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SALISBURY BANCORP, INC.
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(Exact name of registrant as specified in charter)
Connecticut 000-24751 06-1514263
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5 Bissell Street, Lakeville, Connecticut 06039-1868
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (860) 435-9801
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions (see General Instructions A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (12
C.F.R. 230.425)
[_] Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17
C.F.R. 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 C.F.R. 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 C.F.R. 240.13e-4(c))
Form 8-K, Current Report
Salisbury Bancorp, Inc.
Section 8. Other Events.
Item 8.01. Other Events.
A. Annual Meeting of Shareholders of Salisbury Bancorp, Inc.
The Annual Meeting of Shareholders of Salisbury Bancorp, Inc. (the
"Company"), the holding company for Salisbury Bank and Trust Company (the
"Bank") was held on Wednesday, May 14, 2008. Shareholders voted on the election
of directors and the ratification of the appointment of independent auditors.
The results of the votes of shareholders regarding each proposal are
set forth below:
PROPOSAL 1
ELECTION OF DIRECTORS
Each of the three nominees received in excess of a plurality of the
votes cast at the meeting and were elected to serve until their term expires or
their successors are elected and qualified.
The vote for electing nominees as directors was as follows:
Withholding
For Authority
Louise F. Brown Number of Shares: 1,332,840 36,329
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Percentage of
Shares Voted: 97.4 2.6
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Percentage of Shares
Entitled to Vote: 79.1 2.2
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Withholding
For Authority
Richard J. Cantele, Jr. Number of Shares: 1,357,875 11,294
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Percentage of
Shares Voted: 99.2 .8
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Percentage of Shares
Entitled to Vote: 80.6 .7
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Withholding
For Authority
Nancy F. Humphreys Number of Shares: 1,331,893 37,276
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Percentage of
Shares Voted: 97.3 2.7
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Percentage of Shares
Entitled to Vote: 79.1 2.2
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PROPOSAL 2
RATIFICATION OF THE APPOINTMENT OF INDEPENDENT AUDITORS
The appointment of Shatswell, MacLeod & Company, P.C. as independent
auditors for the Company for the year ending December 31, 2008 was approved
because the votes for such appointment exceeded the votes against such
appointment.
The vote to ratify the appointment of Shatswell, MacLeod & Company,
P.C. as independent auditors for the Company for the year ending December 31,
2008 was as follows:
For Against Abstain
Number of Shares: 1,356,347 4,429 8,393
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Percentage of Shares Voted: 99.1 .3 .6
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Percentage of Shares
Entitled to Vote: 80.5 .3 .5
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ELECTION OF CHAIRMAN OF THE BOARD OF DIRECTORS
Following the Meeting of Shareholders, at the organizational meetings
of the Board of Directors of the Company and the Bank, the Board of Directors of
the Company elected John F. Perotti, Chairman of the Board of Directors of
Salisbury Bancorp, Inc. The Board of Directors of the Bank also elected Mr.
Perotti, Chairman of the Board of Directors of Salisbury Bank and Trust Company.
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 hereto duly authorized.
Dated: May 16, 2008 SALISBURY BANCORP, INC.
By: /s/ Richard J. Cantele, Jr.
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Richard J. Cantele, Jr.
President