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

PMC COMMERCIAL TRUST

(Exact name of registrant as specified in its charter)

TEXAS		1-13610		75-6446078
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

17950 Preston Road, Suite 600, Dallas, TX		75252
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (972) 349-3200

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:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		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

PMC Commercial Trust’s (the “Company”) Annual Meeting of Shareholders (the “Annual Meeting”) was held on June 10, 2011. A total of 9,919,463 shares were voted in person or by proxy, representing 93.85% of the shares entitled to be voted. The following are the final voting results on proposals considered and voted upon at the Annual Meeting, all of which are described in the Company’s 2011 Proxy Statement.

1. Election of Trust Managers. The five nominees listed below were elected to serve on the Board of Trust Managers for the ensuing year.

										Broker
		For				Withheld				Non-Votes
Nathan G. Cohen			3,677,819				1,043,887				5,197,757
Martha Rosemore Morrow			4,082,325				639,381				5,197,757
Barry A. Imber			3,692,483				1,029,223				5,197,757
Irving Munn			3,687,533				1,034,173				5,197,757
Lance B. Rosemore			4,195,639				526,067				5,197,757

2. Approval of an amendment and restatement of the 2005 Equity Incentive Plan.

For			2,729,939
Against			1,824,899
Abstentions			166,868
Broker Non-Votes			5,197,757

The amendment and restatement of the 2005 Equity Incentive Plan was not approved since there were not enough votes cast pursuant to the requirements of the NYSE Amex.

3. Ratification of PricewaterhouseCoopers LLP as registered public accounting firm for 2011.

For			9,754,927
Against			114,892
Abstentions			49,644

The foregoing proposal was approved.

4. Approval of the advisory vote on executive compensation.

For			3,436,158
Against			1,162,225
Abstentions			123,323
Broker Non-Votes			5,197,757

The foregoing proposal was approved.

5. Advisory vote on the frequency of votes on executive compensation.

1 year			2,116,723
2 years			2,023,452
3 years			452,791
Abstentions			128,740
Broker Non-Votes			5,197,757

Based on the foregoing advisory vote, since the one year option received the highest votes at the Annual Meeting, the one year option was recommended by the shareholders.

SIGNATURE

Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: June 14, 2011