BankUnited Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$BKU
Savings Institutions
Finance
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 16, 2024 (May 15, 2024 )
(Exact name of registrant as specified in its charter)
| (State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| | ||||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
(Registrant’s telephone number, including area code): (305 ) 569-2000
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:
Securities registered pursuant to Section 12(b) of the Act:
| Class | Trading Symbol | Name of Exchange on Which Registered | ||||||||||||
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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
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 5.07 Submission of Matters to a Vote of Security Holders.
On May 15, 2024, BankUnited, Inc. (the “Company”) held its annual meeting of stockholders (the “Annual Meeting”) and the following proposals were voted on:
Proposal No. 1: To elect nine directors to the Company’s Board of Directors (the “Board”) to serve until the next annual meeting of shareholders and until that person's successor is duly elected and qualified, or until that person's earlier, death, resignation or removal.
Proposal No. 2: To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024.
Proposal No. 3: To hold an advisory vote to approve the compensation of the Company’s named executive officers.
Proposal No. 4: To hold an advisory vote on the frequency of the shareholder vote to approve the compensation of the Company's named executive officers in the future.
Each proposal is described in detail in the Company’s definitive proxy statement for the Annual Meeting, filed with the Securities and Exchange Commission on April 4, 2024. The results of such stockholder votes are set forth below.
1
Proposal No. 1: All of the director nominees were elected to the Board based on the following votes:
| Nominee | For | Withheld | Broker Non-Vote | ||||||||
| Tere Blanca | 65,761,090 | 737,674 | 4,115,381 | ||||||||
| John N. DiGiacomo | 66,292,884 | 205,880 | 4,115,381 | ||||||||
| Michael J. Dowling | 65,030,983 | 1,467,781 | 4,115,381 | ||||||||
| Douglas J. Pauls | 65,364,704 | 1,134,060 | 4,115,381 | ||||||||
| William S. Rubenstein | 66,292,084 | 206,680 | 4,115,381 | ||||||||
| Rajinder P. Singh | 65,572,251 | 926,513 | 4,115,381 | ||||||||
Germaine Smith Baugh, Ed.D | 66,278,833 | 219,931 | 4,115,381 | ||||||||
| Sanjiv Sobti, Ph.D. | 66,132,065 | 366,699 | 4,115,381 | ||||||||
| Lynne Wines | 65,475,140 | 1,023,624 | 4,115,381 | ||||||||
Proposal No. 2: The proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 received the following votes:
| For | Against | Abstain | Broker Non-Vote | ||||||||
| 70,391,992 | 206,254 | 15,899 | — | ||||||||
Proposal No. 3: The advisory vote to approve the Compensation of the Company’s named executive officers received the following votes:
| For | Against | Abstain | Broker Non-Vote | ||||||||
| 51,543,461 | 14,883,425 | 71,878 | 4,115,381 | ||||||||
Proposal No. 4: The advisory vote on the frequency of the shareholder vote to approve the compensation of the Company's named executive officers in the future received the following votes:
Every One Year | Every Two Years | Every Three Years | Abstain | Broker Non-Vote | ||||||||||
| 61,665,505 | 21,365 | 4,743,471 | 68,423 | 4,115,381 | ||||||||||
After taking into consideration the results of the vote on Proposal No. 4 and the Board's recommendation, as described in the Company's definitive proxy statement for the Annual Meeting, that shareholders vote to hold an advisory vote on the compensation of the Company's named executive officers each year, the Company intends to hold such an advisory vote each year in the future.
2
SIGNATURE
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.
| Dated: | May 16, 2024 | BANKUNITED, INC. | |||||||||
| /s/ Leslie N. Lunak | |||||||||||
| Name: | Leslie N. Lunak | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
3