Name and Address of Beneficial Owners
|
| |
Amount of Shares
Owned and Nature of Beneficial Ownership(1) |
| |
Percent of Shares
of Common Stock Outstanding |
| ||||||
Oconee Federal, MHC 201 East North Second Street Seneca, South Carolina 29678 |
| | | | 4,164,415 | | | | | | 71.76% | | |
Name
|
| |
Position(s) Held With
Oconee Federal Financial Corp. |
| |
Age(1)
|
| |
Director
Since(2) |
| |
Current
Term Expires |
| |
Shares
Beneficially Owned(3) |
| |
Percent of
Class |
| |||||||||||||||
NOMINEES
|
| |||||||||||||||||||||||||||||||||
Harry B. Mays, Jr.
|
| | Director | | | | | 69 | | | | | | 2009 | | | | | | 2016 | | | | | | 23,610(4) | | | | | | * | | |
Cecil T. Sandifer, Jr.
|
| | Director | | | | | 68 | | | | | | 1985 | | | | | | 2016 | | | | | | 44,140(5) | | | | | | * | | |
CONTINUING BOARD MEMBERS
|
| |||||||||||||||||||||||||||||||||
T. Rhett Evatt
|
| | Chief Executive Officer and Chairman of the Board |
| | | | 88 | | | | | | 1970 | | | | | | 2017 | | | | | | 154,731(6) | | | | | | 2.67% | | |
Curtis T. Evatt
|
| | President and Director | | | | | 44 | | | | | | 2010 | | | | | | 2017 | | | | | | 92,760(7) | | | | | | 1.60% | | |
Robert N. McLellan, Jr.
|
| | Director | | | | | 60 | | | | | | 2005 | | | | | | 2018 | | | | | | 30,800(8) | | | | | | * | | |
W. Maurice Poore
|
| | Director | | | | | 72 | | | | | | 1995 | | | | | | 2018 | | | | | | 43,662(9) | | | | | | * | | |
EXECUTIVE OFFICERS WHO ARE NOT DIRECTORS
|
| |||||||||||||||||||||||||||||||||
C. Todd Latiff
|
| | Executive Vice President and Chief Banking Officer |
| | | | 42 | | | | | | N/A | | | | | | N/A | | | | | | 10,800(10) | | | | | | * | | |
All Directors and Executive Officers as a Group (7 persons) | | | | | 400,503 | | | | | | 6.90% | | |
|
W. Maurice Poore, Chairman
|
| |
Robert N. McLellan, Jr.
|
|
|
Harry B. Mays, Jr.
|
| |
Cecil T. Sandifer, Jr.
|
|
Name and principal position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($)(1) |
| |
Stock
Awards ($)(2) |
| |
Option
Awards ($)(3) |
| |
All other
compensation ($)(6) |
| |
Total
($) |
| |||||||||||||||||||||
T. Rhett Evatt
Chief Executive Officer |
| | | | 2016 | | | | | | 211,060 | | | | | | 16,826 | | | | | | — | | | | | | — | | | | | | 108,617 | | | | | | 336,503 | | |
| | | 2015 | | | | | | 206,916 | | | | | | 10,243 | | | | | | — | | | | | | — | | | | | | 94,661 | | | | | | 311,820 | | | ||
Curtis T. Evatt
President and Chief Financial Officer |
| | | | 2016 | | | | | | 192,940 | | | | | | 13,030 | | | | | | — | | | | | | — | | | | | | 91,561 | | | | | | 297,531 | | |
| | | 2015 | | | | | | 183,160 | | | | | | 8,769 | | | | | | — | | | | | | — | | | | | | 90,662 | | | | | | 282,591 | | | ||
H. Allen Salter(4)
Executive Vice President, Chief Financial Officer and Treasurer |
| | | | 2016 | | | | | | 118,667 | | | | | | 7,618 | | | | | | — | | | | | | — | | | | | | 163,344 | | | | | | 289,629 | | |
| | | 2015 | | | | | | 144,912 | | | | | | 6,583 | | | | | | — | | | | | | — | | | | | | 42,471 | | | | | | 193,966 | | | ||
C. Todd Latiff(5)
Executive Vice President and Chief Banking Officer |
| | | | 2016 | | | | | | 145,667 | | | | | | 7,283 | | | | | | — | | | | | | — | | | | | | 16,251 | | | | | | 169,201 | | |
| | | 2015 | | | | | | 97,388 | | | | | | 1,299 | | | | | | 252,126 | | | | | | 22,022 | | | | | | 1,315 | | | | | | 374,150 | | |
Name
|
| |
Year
|
| |
Auto
Expenses ($) |
| |
Country
Club Dues ($) |
| |
Board
Fees ($)(a) |
| |
Employer
Contributions to 401(k) Plan ($) |
| |
ESOP
Allocation ($)(b) |
| |
Life Insurance
Premiums Paid ($) |
| |
Unvested
Stock Dividends ($) |
| |
Severance
Payments ($)(c) |
| |
Total All
Other Compensation ($) |
| ||||||||||||||||||||||||||||||
T. Rhett Evatt
|
| | | | 2016 | | | | | | 8,585 | | | | | | 1,815 | | | | | | 42,525 | | | | | | 4,880 | | | | | | 41,312 | | | | | | 3,901 | | | | | | 5,599 | | | | | | — | | | | | | 108,617 | | |
Curtis T. Evatt
|
| | | | 2016 | | | | | | 8,774 | | | | | | 1,815 | | | | | | 25,200 | | | | | | 7,804 | | | | | | 41,312 | | | | | | 613 | | | | | | 6,043 | | | | | | — | | | | | | 91,561 | | |
H. Allen Salter
|
| | | | 2016 | | | | | | 6,334 | | | | | | — | | | | | | — | | | | | | 4,861 | | | | | | 32,388 | | | | | | 601 | | | | | | 4,320 | | | | | | 114,840 | | | | | | 163,344 | | |
C. Todd Latiff
|
| | | | 2016 | | | | | | 4,202 | | | | | | — | | | | | | — | | | | | | 6,477 | | | | | | — | | | | | | 532 | | | | | | 5,040 | | | | | | — | | | | | | 16,251 | | |
| | |
Option awards
|
| |
Stock awards
|
| ||||||||||||||||||||||||||||||
Name
|
| |
Number of
securities underlying unexercised options exercisable (#) |
| |
Number of
securities underlying unexercised options unexercisable (#)(1) |
| |
Option
exercise price ($) |
| |
Option
expiration date |
| |
Number of
shares or units of stock that have not vested (#)(1) |
| |
Market value of
shares or units of stock that have not vested ($)(2) |
| ||||||||||||||||||
T. Rhett Evatt
|
| | | | 62,210 | | | | | | 15,553 | | | | | | 11.58 | | | | | | 4/27/2022 | | | | | | 6,221 | | | | | | 121,745 | | |
Curtis T. Evatt
|
| | | | 44,436 | | | | | | 33,327 | | | | | | 11.58 | | | | | | 4/27/2022 | | | | | | 10,664 | | | | | | 208,694 | | |
H. Allen Salter
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
C. Todd Latiff
|
| | | | 1,100 | | | | | | 6,600 | | | | | | 20.01 | | | | | | 1/23/2025 | | | | | | 10,800 | | | | | | 211,356 | | |
Name
|
| |
Fees earned
or paid in cash ($)(1) |
| |
Stock Awards
($)(2) |
| |
Option Awards
($)(3) |
| |
All Other
Compensation ($)(4) |
| |
Total
($) |
| |||||||||||||||
Harry B. Mays, Jr.
|
| | | | 25,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,200 | | |
Robert N. McLellan, Jr.
|
| | | | 31,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,200 | | |
Cecil T. Sandifer, Jr.
|
| | | | 25,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | 25,200 | | |
W. Maurice Poore
|
| | | | 31,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,200 | | |
| | | |
FOR |
| |
WITHHOLD |
| |
FOR ALL
EXCEPT |
|
|
1.
The election of Harry B. Mays, Jr. and Cecil T. Sandifer, Jr., each to serve for a three-year term.
|
| |
☐
|
| |
☐
|
| |
☐
|
|
|
INSTRUCTION: To withhold your vote for one or more nominees, mark “For All Except” and write the name(s) of the nominee(s) on the line(s) below.
|
| | | | ||||||
| | | |
FOR
|
| |
AGAINST
|
| |
ABSTAIN
|
|
|
2.
The approval of an advisory, non-binding resolution with respect to the executive compensation.
|
| |
☐
|
| |
☐
|
| |
☐
|
|
| | | |
FOR
|
| |
AGAINST
|
| |
ABSTAIN
|
|
|
3.
The ratification of the appointment of Crowe Horwath LLP as the Company’s independent registered public accounting firm for the year ending June 30, 2017
|
| |
☐
|
| |
☐
|
| |
☐
|
|
|
Dated:
|
| |
☐
Check Box if You Plan to Attend Annual Meeting
|
|
|
PRINT NAME OF STOCKHOLDER
|
| |
PRINT NAME OF STOCKHOLDER
|
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|
SIGNATURE OF STOCKHOLDER
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| |
SIGNATURE OF STOCKHOLDER
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