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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 15, 2025

BAR HARBOR BANKSHARES

(Exact Name of Registrant as Specified in its Charter)

Maine

001-13349

01-0393663

(State or Other Jurisdiction)
of Incorporation)

(Commission File No.)

(I.R.S. Employer
Identification No.)

PO Box 400

04609-0400

82 Main Street

(Zip Code)

Bar Harbor, Maine

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (207) 288-3314

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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)) Securities registered pursuant to Section 12(b) of the Act

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $2.00 per share

BHB

NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Bar Harbor Bankshares (the “Company”) held its 2025 Annual Meeting of Shareholders on May 15, 2025 (the “Annual Meeting”). As described in Item 5.07 of this report, at the Annual Meeting, the shareholders of the Company approved a proposal to amend the Company’s Articles of Incorporation, as amended, to increase the authorized shares of common stock of the Company from 20,000,000 to 30,000,000 shares (the “Amendment”).  The Amendment became effective upon the filing of Articles of Amendment with the Secretary of State of the State of Maine on May 19, 2025.  The foregoing description of the Amendment is qualified in its entirety by reference to the text of the Amendment, which is attached as Exhibit 3.1 to this report and is incorporated by reference herein.

Item 5.07    Submission of Matters to a Vote of Security Holders

As described in Item 5.03 of this report, the Company held the Annual Meeting on May 15, 2025. The board of directors of the Company (the “Board”) solicited proxies pursuant to a definitive proxy statement (the “Proxy Statement”), that the Company filed on March 31, 2025 with the Securities and Exchange Commission under Section 14(a) of the Securities Exchange Act of 1934, as amended. There was no solicitation in opposition to the Board’s solicitation.

At the Annual Meeting, holders of Company common stock, par value $2.00 per share (“common stock”), were asked to consider and vote upon the four proposals set forth below, which are described in more detail in the Proxy Statement. Each share of common stock was entitled to one vote with respect to each proposal. Holders of a total of 12,728,176 shares of common stock were present in person or by proxy at the Annual Meeting, representing 83.1% of the voting power entitled to vote at the Annual Meeting. The voting results reported below are final.

The proposals considered and voted on by the shareholders at the Annual Meeting, and the votes of the shareholders on those proposals, were as follows:

Proposal 1.

Shareholders voted as follows with respect to the election of each of the following director nominees:

Nominee

    

For

    

    

Withhold

    

Broker Non-Votes

Daina H. Belair

 

10,541,446

 

215,350

 

1,971,380

Matthew L. Caras

 

10,469,908

 

286,888

 

1,971,380

David M. Colter

 

10,652,707

 

104,089

 

1,971,380

Lauri E. Fernald

 

10,242,787

 

514,009

 

1,971,380

Heather D. Jones

 

10,635,117

 

121,679

 

1,971,380

Debra B. Miller

 

10,637,518

 

119,278

 

1,971,380

Brian D. Shaw

 

10,557,059

 

199,737

 

1,971,380

Curtis C. Simard

 

10,561,439

 

195,357

 

1,971,380

Kenneth E. Smith

 

10,459,139

 

297,657

 

1,971,380

Scott G. Toothaker

 

10,527,881

 

228,915

 

1,971,380

As a result of these votes, each of the 10 nominees was elected to serve as a director until the Company’s 2026 Annual Meeting of Shareholders and until his or her successor is duly elected and qualified or until his or her earlier resignation or removal from office.

Proposal 2.    Shareholders approved, on a non-binding advisory basis, the compensation paid to the Company’s named executive officers in 2024, as disclosed in the Proxy Statement, by the following vote:

    

For

    

Against

    

Abstain

    

Broker Non-Votes

Approval of the Compensation of our Named Executive Officers

 

10,076,542

 

462,700

 

217,554

 

1,971,380

Proposal 3.    Shareholders ratified the appointment of Crowe LLP as independent auditor for the fiscal year ending December 31, 2025, by the following vote:

    

For

    

Against

    

Abstain

    

Ratification of Appointment of Crowe LLP

 

12,560,013

 

81,239

 

86,924

 

There were no broker non-votes with respect to Proposal 3.

Proposal 4.    Shareholders approved an amendment to the Company’s articles of incorporation to increase the total number of authorized shares of Company common stock from 20,000,000 to 30,000,000 by the following vote:

    

For

    

Against

    

Abstain

    

Approval of Articles of Amendment to Increase the Number of Shares of Common Stock

 

12,277,029

 

308,488

 

142,659

 

Item 9.01Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

    

Description

3.1

Articles of Amendment, dated May 19, 2025, to the Articles of Incorporation, as amended, of Bar Harbor Bankshares

104

Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

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.

Bar Harbor Bankshares

May 20, 2025

By:

/s/ Josephine Iannelli

Josephine Iannelli

Executive Vice President and
Chief Financial Officer