Colony Bankcorp, Inc.: shareholders approve stock issuance for merger

What happened The filing says that on Oct 14, 2026, at a special meeting of shareholders the Company considered (1) a proposal to approve the issuance of the Company’s common stock pursuant to the Agreement and Plan of Merger dated Jun 24, 2026, by and between the Company and First Reliance Bancshares, Inc. (the "Colony Stock Issuance Proposal"), and (2) a proposal to adjourn the Company special meeting, if necessary or appropriate, to solicit additional proxies in favor of the Colony Stock Issuance Proposal (the "Colony Adjournment Proposal"). A total of 13,419,694 shares, or 63.23% of Colony's common stock, were represented in person or by proxy, constituting a quorum. Both proposals were approved by the required vote of the Company’s shareholders at the special meeting.

Key details

• Special meeting date: Oct 14, 2026; shares represented: 13,419,694 (63.23%).
• Colony Stock Issuance Proposal vote: For 13,338,856 Against 76,939 Abstain 3,899 Broker non-votes —.
• Colony Adjournment Proposal vote: For 13,207,698 Against 202,599 Abstain 9,397 Broker non-votes —.
• Merger agreement dated: Jun 24, 2026; counterparty: First Reliance Bancshares, Inc.

Why it may matter This 8-K reports Item 5.07 (submission of matters to a vote of security holders), covering the shareholder votes on the stock issuance tied to the merger agreement and on the adjournment proposal. A filing does not show why the insider traded or why the company acted.