Item 5.07 Submission of Matters to a Vote of Security Holders.

The annual meeting of shareholders (the "Annual Meeting") of GrandSouth Bancorporation (the "Company") was held on May 18, 2022 at 5:00 p.m. at the Company's principal executive office located at 381 Halton Road, Greenville, South Carolina 29607. Of the 5,198,542 shares of the Company's common stock outstanding at the Annual Meeting, there were present in person or by proxy 3,843,904 shares, representing approximately 73.94% of the total outstanding eligible votes. At the Annual Meeting, the shareholders of the Company: (1) elected thirteen directors to each serve a one-year term on the Company's board of directors; (2) approved an advisory resolution to approve the compensation of the Company's named executive officers; and (3) ratified the appointment of Elliott Davis, LLC as the Company's independent registered public accountants for the fiscal year ending December 31, 2022.

The final results of voting on each of the matters submitted to a vote of shareholders during the Annual Meeting are as follows:

1. To elect thirteen directors each to serve a one-year term expiring at the 2023 annual meeting of shareholders or until their respective successors are duly elected and qualified:

Directors: For Withhold Abstain Broker Non-Vote

Mason Y. Garrett 3,241,778 6,149 4,400 591,577

Harold E. Garrett 3,244,852 3,075 4,400 591,577

John B. Garrett 3,243,352 4,575 4,400 591,577

Michael L. Gault 3,242,840 7,686 1,801 591,577

Baety O. Gross, Jr. 3,242,740 7,786 1,801 591,577 S. Hunter Howard, Jr. 3,244,277 6,249 1,801 591,577

Anthony P. Morgan 3,247,351 3,075 1,901 591,577

J. Randolph Potter 3,242,740 7,686 1,901 591,577 J. Calhoun Pruitt, Jr. 3,242,777 7,649 1,901 591,577

Edward M. Rast, Jr. 3,245,914 4,612 1,801 591,577

James B. Schwiers 3,244,713 3,075 4,539 591,577

John W. Shealy, Jr. 3,245,814 4,612 1,901 591,577


     LeeAnn Weber      3,247,451  3,075    1,801      591,577

2. A non-binding, advisory vote, to approve the compensation of the Company's named executive officers (the "say-on-pay" vote):





   For    Against Abstain Broker Non-Vote
3,240,699  8,988   2,640      591,577

3. To ratify the appointment of Elliott Davis, LLC as the Company's independent registered public accountants for the fiscal year ending December 31, 2022:





   For    Against Abstain
3,843,801    3      100

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