First Citizens BancShares Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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Major Banks
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 1, 2024
_________________________________________________________________
First Citizens BancShares, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (919 ) 716-7000
________________________________________________________________________________
(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 Securities Exchange Act of 1934:
| Title of each class | Trading Symbol | Name of each 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 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
The 2024 Annual Stockholder’s Meeting (the “Annual Meeting”) of First Citizens BancShares, Inc. (the “Company”) was held on May 1, 2024. At the meeting, the Company's stockholders voted on the following proposals, each of which is described in more detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 15, 2024:
•the election of 13 directors for terms of one year each;
•a non-binding, advisory “say-on-pay” resolution to approve compensation paid or provided to the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting;
•a proposal to ratify the appointment of KPMG LLP as the Company's independent public accountants for 2024; and
•a stockholder proposal requesting a report on the risks of politicized de-banking.
The following tables reflect the final results of the voting at the Annual Meeting. Stockholders elected the 13 nominees for director and approved the “say-on-pay” resolution and the proposal to ratify the appointment of independent accountants. Stockholders did not approve the stockholder proposal requesting a report on the risks of politicized de-banking.
ELECTION OF DIRECTORS
Name of Nominee | Votes Cast "For" | Votes "Withheld" | Broker Non-votes | ||||||||
| Ellen R. Alemany | 23,121,294 | 237,189 | 3,844,720 | ||||||||
| John M. Alexander, Jr. | 23,055,174 | 303,309 | 3,844,720 | ||||||||
| Victor E. Bell III | 20,425,940 | 2,932,543 | 3,844,720 | ||||||||
| Peter M. Bristow | 23,127,026 | 231,457 | 3,844,720 | ||||||||
| Hope H. Bryant | 23,120,440 | 238,043 | 3,844,720 | ||||||||
| Michael A. Carpenter | 23,272,239 | 86,244 | 3,844,720 | ||||||||
| H. Lee Durham, Jr. | 20,426,307 | 2,932,176 | 3,844,720 | ||||||||
| Dr. Eugene Flood, Jr. | 23,292,332 | 66,151 | 3,844,720 | ||||||||
| Frank B. Holding, Jr. | 22,943,671 | 414,812 | 3,844,720 | ||||||||
| Robert R. Hoppe | 23,051,452 | 307,031 | 3,844,720 | ||||||||
| David G. Leitch | 23,264,997 | 93,486 | 3,844,720 | ||||||||
| Robert E. Mason IV | 20,471,003 | 2,887,480 | 3,844,720 | ||||||||
| Robert T. Newcomb | 19,425,569 | 3,932,914 | 3,844,720 | ||||||||
“SAY-ON-PAY” RESOLUTION
| Description of Matter Voted On | Votes Cast "For" | Votes Cast "Against" | Abstained | Broker Non-votes | ||||||||||
| Proposal to approve a non-binding, advisory “say-on-pay” resolution to approve compensation paid or provided to the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting | 22,923,029 | 275,549 | 159,905 | 3,844,720 | ||||||||||
PROPOSAL TO RATIFY THE APPOINTMENT OF INDEPENDENT ACCOUNTANTS
Description of Matter Voted On | Votes Cast "For" | Votes Cast "Against" | Abstained | Broker Non-votes | ||||||||||
| Proposal to ratify the appointment of KPMG LLP as the Company's independent public accountants for 2024 | 27,167,433 | 32,890 | 2,880 | 0 | ||||||||||
STOCKHOLDER PROPOSAL REQUESTING A REPORT
ON THE RISKS OF POLITICIZED DE-BANKING
Description of Matter Voted On | Votes Cast "For" | Votes Cast "Against" | Abstained | Broker Non-votes | ||||||||||
| Stockholder proposal requesting a report on the risks of politicized de-banking | 552,843 | 22,687,494 | 118,146 | 3,844,720 | ||||||||||
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibit accompanies this Report:
Exhibit No. | Description | ||||||||||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| First Citizens BancShares, Inc. | ||||||||||||||
| (Registrant) | ||||||||||||||
| Date: | May 6, 2024 | By: | /s/ Craig L. Nix | |||||||||||
| Name: Craig L. Nix | ||||||||||||||
| Title: Chief Financial Officer | ||||||||||||||