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INDEPENDENCE BANCSHARES, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02(a) Departure of Directors On July 21, 2014, Robert B. Willumstad, the Chairman of the Board of Directors of Independence Bancshares, Inc. (the "Company"), and H. Neel Hipp, Jr., the Chairman of the Board of Directors of Independence National Bank (the "Bank"), received a letter from A. Alexander McLean, III, a member of the Boards of Directors of the Company and the Bank since 2008, in which Mr. McLean informed the Chairmen that he was tendering his resignation as a director of the Company and the Bank effective as of the date of the letter. As a result, Mr. McLean would also cease to be a member of the Company's Audit Committee effective as of the date of his resignation. Mr. McLean's letter states that his decision to resign was due to his "disagreement with the strategic direction of the Company." A copy of Mr. McLean's letter is attached as Exhibit 17.1 to this Current Report on Form 8-K and incorporated herein by reference. In accordance with the requirements of Item 5.02 of Form 8-K, the Company has provided Mr. McLean a copy of the disclosures it is making in this Form 8-K no later than the day of filing this Form 8-K with the Securities and Exchange Commission. Item 9.01. Financial Statements and Exhibits (d) Exhibits Item Exhibit 17.1 Resignation letter of A. Alexander McLean, III, dated July 21, 2014 -------------------------------------------------------------------------------- |