VALLEY NATIONAL BANCORP (NYSE:VLY) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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VALLEY NATIONAL BANCORP (NYSE:VLY) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07

Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting of Shareholders on April 27,
2017. On the record date of February 27, 2017, there were
263,833,405 of the Companys shares of common stock outstanding. A
total of 229,973,848 of the Companys shares were present or
represented by proxy at the meeting. The Companys shareholders
took the following actions:
Proposal #1>- Voted on the election of 12 persons, named in
the Proxy Statement, to serve as directors of the Company for the
ensuing year constituting the entire Board of Directors. The
following is a list of directors elected at the Annual Meeting
with the number of votes For, Against, “Abstain” and Broker
“Non-Votes”.
Number of Votes
Name
For
Against
Abstain
Broker Non-Votes
Andrew B. Abramson
160,029,002
16,563,992
849,203
52,531,652
Peter J. Baum
174,264,481
2,296,417
881,300
52,531,650
Pamela R. Bronander
160,783,733
15,745,484
912,975
52,531,655
Eric P. Edelstein
172,280,209
4,180,093
981,892
52,531,654
Mary J. Steele Guilfoile
165,337,708
11,223,215
881,272
52,531,653
Graham O. Jones
169,057,185
7,469,183
915,828
52,531,652
Gerald Korde
158,512,994
18,021,607
907,595
52,531,653
Michael L. LaRusso
172,922,706
3,605,672
913,817
52,531,653
Marc J. Lenner
159,949,917
16,620,630
871,649
52,531,651
Gerald H. Lipkin
170,820,514
5,805,359
816,322
52,531,653
Suresh L. Sani
172,745,601
3,798,333
898,261
52,531,653
Jeffrey S. Wilks
166,270,393
10,289,561
882,241
52,531,653
Proposal #2> Ratified the appointment of KPMG LLP as the
Companys independent registered public accounting firm for the
fiscal year ending December 31, 2017.
The number of shares voted For and Against this proposal, as well
as the number of abstentions, is as follows:
Number of Votes
For
225,537,072
Against
3,192,706
Abstain
1,244,069
Proposal #3>- Approved, on a non-binding basis, the
compensation of the Companys named executive officers as
determined by the Compensation and Human Resources Committee.
The number of shares voted For and Against this proposal, as well
as the number of abstentions and broker non-votes, is as follows:
Number of Votes
For
170,307,500
Against
5,678,889
Abstain
1,455,798
Broker Non-Votes
52,531,661
Proposal #4>- Voted, on a non-binding basis, in favor of
holding an advisory vote on executive compensation once every
year.
The number of shares voted for One Year, Two Years and Three
Years, as well as the number of abstentions and broker non-votes,
is as follows:
Number of Votes
One Year
132,521,072
Two Year
2,788,860
Three Years
40,305,324
Abstain
1,826,931
Broker Non-Votes
52,531,661
In light of the outcome of the vote on the frequency of future
advisory votes on the compensation of the Companys named
executive officers, the Company has made the determination to
continue to hold the advisory vote on the compensation of the
Companys named executive officers on an annual basis until the
next required vote on the frequency of such votes. Accordingly,
the next shareholder advisory vote on executive compensation will
be held at the Companys 2018 Annual Meeting of Shareholders.
Proposal #5>- Approved the amendment to the restated
certificate of incorporation of Valley National Bancorp to
increase the number of authorized shares of common and preferred
stock.
The number of shares voted For and Against this proposal, as well
as the number of abstentions and broker non-votes, is as follows:
Number of Votes
For
101,341,988
Against
75,024,300
Abstain
1,075,903
Broker Non-Votes
52,531,657


About VALLEY NATIONAL BANCORP (NYSE:VLY)

Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company’s segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company’s investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.

VALLEY NATIONAL BANCORP (NYSE:VLY) Recent Trading Information

VALLEY NATIONAL BANCORP (NYSE:VLY) closed its last trading session down -0.10 at 11.85 with 1,740,591 shares trading hands.