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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-QSB / A
[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period ended June 30, 1999.
[_] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934.
Commission file number 000-24445
COLORADO BUSINESS BANKSHARES, INC.
(Exact name of small business issuer as specified in its charter)
COLORADO 84-0826324
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
821 l7th Street
Denver, CO 80202
(Address of principal executive offices) (Zip Code)
(303) 293-2265
(Issuer's telephone number, including area code)
Indicate by check mark whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the issuer was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
Yes X No _____
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There were 6,673,481 shares of the issuer's Common Stock, $0.01 par value per
share, outstanding as of August 10, 1999.
Transitional Small Business Disclosure Format
Yes _____ No X
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COLORADO BUSINESS BANKSHARES, INC.
PART I. FINANCIAL INFORMATION
Page
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Item 1. Financial Statements 1
Item 2. Management's Discussion and Analysis or Plan of
Operation 7
PART II. OTHER INFORMATION
Item 1. Legal Proceedings None
Item 2. Changes in Securities and Use of Proceeds None
Item 3. Defaults Upon Senior Securities None
Item 4. Submission of Matters to a Vote of Security Holders 17
Item 5. Other information None
Item 6. Exhibits and Reports on Form 8-K 18
SIGNATURES 18
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Item 4. Submission of Matters to a Vote of Security Holders
At the Annual Meeting of Shareholders held on May 19, 1999, the following
proposals were adopted by the margins indicated:
1. To elect three Class I directors to hold office for a three-year term
expiring on the Annual Meeting of Shareholders occurring in 2002 or until
the election and qualification of their respective successors.
Number of Shares
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For Withheld
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Jonathan C. Lorenz 5,618,593 5,200
Mark S. Kipnis 5,618,593 5,200
Virginia K. Berkely 5,618,593 5,200
2. To ratify the selection of Deloitte & Touche, LLP as the Company's
independent auditors for the fiscal year ending December 31, 1999.
Number of Shares
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For 5,616,798
Withheld 6,995
At the Annual Meeting of Shareholders, the following shareholder proposal
was rejected by the margin indicated:
1. To eliminate the classes of the Board of Directors and to have all directors
elected for one-year terms.
Number of Shares
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For 320,233
Against 4,421,356
Abstentions 41,895
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
COLORADO BUSINESS BANKSHARES, INC.
Date: November 9, 1999 By: /s/ Steven Bangert
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Steven Bangert, Chief Executive Officer and Chairman
Date: November 9, 1999 By: /s/ Richard J. Dalton
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Richard J. Dalton, Executive Vice President and
Chief Financial Officer
