annualmtg8k.htm - BB&T

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

April 27, 2010
Date of Report (Date of earliest event reported)


BB&T Corporation
(Exact name of registrant as specified in its charter)

Commission file number : 1-10853

North Carolina  56-0939887 
(State of incorporation)  (I.R.S. Employer Identification No.) 
 
 
 
200 West Second Street   
Winston-Salem, North Carolina  27101 
(Address of principal executive offices)  (Zip Code) 

(336) 733-2000
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] 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.

BB&T Corporation (the “Corporation” or “BB&T”) held its Annual Meeting of Shareholders on April 27, 2010, to consider and vote on the matters listed below. A total of 566,381,693 of the Corporation’s shares of common stock were present or represented by proxy at the meeting. This represented approximately 82% of the Corporation’s 691,504,957 shares of common stock that were outstanding and entitled to vote at the meeting.



Proposal 1: Election of Directors

The individuals named below were elected to serve as directors of the Corporation for a one-year term expiring in 2011:

Name  Votes FOR  Votes WITHHELD 
John A. Allison IV  451,642,368  9,106,253 
Jennifer S. Banner  453,333,175  7,415,446 
K. David Boyer, Jr.  453,588,314  7,160,307 
Anna R. Cablik  424,373,492  36,375,129 
Ronald E. Deal  405,108,669  55,639,952 
Barry J. Fitzpatrick  451,584,819  9,163,802 
J. Littleton Glover, Jr.  338,076,618  122,672,003 
L. Vincent Hackley, PhD  449,321,196  11,427,425 
Jane P. Helm  451,752,929  8,995,692 
John P. Howe III, M.D.  453,272,589  7,476,032 
Kelly S. King  443,814,662  16,933,959 
James H. Maynard  448,850,070  11,898,551 
Albert O. McCauley  452,422,861  8,325,760 
J. Holmes Morrison  453,875,645  6,872,976 
Nido R. Qubein  430,410,515  30,338,106 
Thomas E. Skains  453,791,080  6,957,541 
Thomas N. Thompson  454,225,442  6,523,179 
Stephen T. Williams  454,309,525  6,439,096 

There were 105,633,072 broker non-votes for each director on this proposal.

Proposal 2: Increase in the Number of Shares of Authorized Common Stock

Shareholders approved an amendment to the Corporation’s articles of incorporation to increase the authorized number of shares of the Corporation’s common stock, par value $5.00 per share, from 1 billion shares of common stock to 2 billion shares of common stock as described in the Corporation’s proxy statement.

Votes FOR  Votes AGAINST  Abstentions 
 
499,976,695  62,586,197  3,818,801 

Proposal 3: Ratification of Auditors

Shareholders ratified the reappointment of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for 2010.

Votes FOR  Votes AGAINST  Abstentions 
 
558,062,854  5,975,253  2,343,586 

Proposal 4: Shareholder Proposal regarding BB&T’s political contributions and related policies and procedures

Shareholders supported the Board of Directors’ recommendation, rejecting a shareholder proposal requesting reports with respect to BB&T’s political contributions and related policies and procedures.

Votes FOR  Votes AGAINST  Abstentions 
 
119,704,761  270,089,440  70,954,420 



There were 105,633,072 broker non-votes for this proposal.

Proposal 5: Shareholder Proposal regarding an independent Board chair

Shareholders supported the Board of Directors’ recommendation, rejecting a shareholder proposal regarding an amendment to the Corporation’s bylaws to require an independent chair of the Board.

Votes FOR  Votes AGAINST  Abstentions 
 
84,959,606  365,693,398  10,095,617 

There were 105,633,072 broker non-votes for this proposal.

Proposal 6: Shareholder Proposal regarding BB&T’s overdraft policies and procedures

Shareholders supported the Board of Directors’ recommendation, rejecting a shareholder proposal requesting a report on BB&T’s overdraft policies and practices.

Votes FOR  Votes AGAINST  Abstentions 
 
100,921,170  326,635,938  33,191,513 

There were 105,633,072 broker non-votes for this proposal.



S I G N A T U R E

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.

BB&T CORPORATION
(Registrant)
 
By: /s/ Cynthia B. Powell
Cynthia B. Powell
Executive Vice President and Corporate Controller 
(Principal Accounting Officer)

Date: April 30, 2010