Bankwell Financial Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$BWFG
Major Banks
Finance
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 29, 2024
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(203 ) 652-0166
(Address of Principal Executive Officers and Telephone Number)
N/A
(Former name or former address, if changed since last report)
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:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Common Stock, no par value per share | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 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 Matter to a Vote of Security Holders | |||||||
On | ||||||||
| The voting results from the Meeting were as follows: | ||||||||
1.Election of Directors for One-Year Terms (Proposal 1). | ||||||||
| Director | For | Withheld | ||||||
| Eric J. Dale | 4,840,431 (91.77%) | 433,856 (8.23%) | ||||||
| Darryl M. Demos | 4,970,117 (94.23%) | 304,258 (5.77%) | ||||||
| Blake S. Drexler | 4,917,235 (93.23%) | 357,052 (6.77%) | ||||||
| Jeffery R. Dunne | 4,956,166 (93.97%) | 318,209 (6.03%) | ||||||
| Christopher R. Gruseke | 4,899,256 (92.89%) | 375,031 (7.11%) | ||||||
| Anahaita N. Kotval | 4,866,517 (92.27%) | 407,858 (7.73%) | ||||||
| Todd H. Lampert | 4,822,747 (91.44%) | 451,540 (8.56%) | ||||||
| Kevin D. Leitão | 4,949,856 (93.85%) | 324,431 (6.15%) | ||||||
| Carl M. Porto | 4,205,696 (79.74%) | 1,068,678 (20.26%) | ||||||
| Lawrence B. Seidman | 5,212,036 (98.82%) | 62,339 (1.18%) | ||||||
| There were 1,480,787 broker non-votes on the Proposal. | ||||||||
2.Approval on an advisory (non-binding) proposal on the Company's executive compensation (Proposal 2). | ||||||||
| For | 4,699,391 (89.10%) | |||||||
| Against | 466,884 (8.85%) | |||||||
| Abstain | 108,100 (2.05%) | |||||||
There were 1,480,787 broker non-votes on the Proposal. | ||||||||
3.To ratify the selection of RSM US LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2024 (Proposal 3). | ||||||||
| For | 6,690,705 (99.05%) | |||||||
| Against | 62,339 (0.92%) | |||||||
| Abstain | 2,118 (0.03%) | |||||||
| There were no broker non-votes on the Proposal. | ||||||||
| Accordingly, all Director nominees were elected, and the independent auditors were ratified. The advisory (non-binding) proposal on the Company's executive compensation was also approved. | ||||||||
| SIGNATURES | |||||
| 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. | |||||
| BANKWELL FINANCIAL GROUP, INC. | |||||
| Registrant | |||||
| May 29, 2024 | By: /s/ Courtney E. Sacchetti | ||||
| Courtney E. Sacchetti | |||||
| Executive Vice President | |||||
| and Chief Financial Officer | |||||