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): June 16, 2010
-------------
CORNERSTONE FINANCIAL CORPORATION
---------------------------------
(Exact name of registrant as specified in its charter)
New Jersey 000-53576 80-0282551
---------- --------- ----------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6000 Midlantic Drive
Mt. Laurel, New Jersey 08054 08054
---------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including areacode (856) 439-0300
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
The 2010 Annual Meeting of Stockholders was held on June 16, 2010 (the "Annual
Meeting"). The matters considered and voted on by the Bank's stockholders at the
Annual Meeting and the vote of the stockholders was as follows:
Proposal 1: The election of five directors, each for a three-year term, except
for Robert E. Groody, who will serve until the 2012 Annual Meeting of the
Stockholders, and Susan Barrett, who will serve until the 2011 Annual Meeting of
the Stockholders:
Nominee For Against Abstentions Broker Non-Votes
------- --- ------- ----------- ----------------
Susan Barrett 905,911 425 - -
J. Richard Carnall 905,121 1,215 - -
Gaetano P. Giordano 905,911 425 - -
Robert E. Groody 905,160 1,176 - -
Ronald S. Murphy 905,911 425 - -
Proposal 2: The ratification of the appointment of KPMG as the Company's
independent registered public accountants for the fiscal year ending December
31, 2010:
For Against Abstentions Broker Non-Votes
--- ------- ----------- ----------------
906,336 - - -
Proposal 3: The approval of Cornerstone Financial Corporation 2010 Equity Compensation Plan:
For Against Abstentions Broker Non-Votes
--- ------- ----------- ----------------
873,166 30,349 2,821 -
Pursuant to the foregoing votes, the above listed nominees were elected to serve
as directors for the terms described above, each until his or her replacement
has been duly elected and qualified, and each of: (i) the ratification of KPMG
as the Company's independent registered public accounts for the fiscal year
ending December 31, 2010, and (ii) the Cornerstone Financial Corporation 2010
Equity Compensation Plan, was approved.
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.
CORNERSTONE FINANCIAL CORPORATION
(Registrant)
Dated: June 17, 2010 By: /s/ Keith Winchester
---------------------------
Keith Winchester
Executive Vice President
and Chief Financial Officer