CIT GROUP INC. (NYSE:CIT) 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.
On May 9, 2017, CIT Group Inc. (the Company) held its 2017
Annual Meeting of Stockholders (the Annual Meeting) at the
Companys offices in Livingston, New Jersey.A total of 202,659,166
shares of the Companys common stock were entitled to vote as of
March 13, 2017, the record date for the Annual Meeting. There
were 189,734,299 shares present in person or by proxy, which
constituted approximately 93.6% of the total votes entitled to be
cast, at the Annual Meeting, at which the stockholders were asked
to vote on four proposals. Set forth below are the matters acted
upon by the stockholders, and the final voting results of each
such proposal.
Proposal 1. Election of Directors
With respect to the election of the following nominees as
directors of the Company to hold office for a term of one year,
or until the next annual meeting of stockholders:
|
Shares Voted |
||||
|
For |
Against |
Abstain |
Broker Non-Votes |
|
| Ellen R. Alemany | 161,058,254 | 16,912,908 | 1,533,433 | 10,229,704 |
| Michael L. Brosnan | 165,568,892 | 13,840,842 | 94,861 | 10,229,704 |
| Michael A. Carpenter | 165,060,619 | 14,349,362 | 94,614 | 10,229,704 |
| Dorene C. Dominguez | 165,598,136 | 13,812,039 | 94,420 | 10,229,704 |
| Alan Frank | 165,595,355 | 13,814,030 | 95,210 | 10,229,704 |
| William M. Freeman | 161,189,132 | 18,220,540 | 94,923 | 10,229,704 |
| R. Brad Oates | 164,965,133 | 14,426,832 | 112,630 | 10,229,704 |
| Marianne Miller Parrs | 163,752,039 | 15,655,029 | 97,527 | 10,229,704 |
| Gerald Rosenfeld | 165,469,869 | 13,939,746 | 94,980 | 10,229,704 |
| Vice Admiral John R. Ryan, USN (Ret.) | 163,477,991 | 15,932,645 | 93,959 | 10,229,704 |
| Sheila A. Stamps | 165,588,775 | 13,280,601 | 95,219 | 10,229,704 |
| Laura S. Unger | 165,478,640 | 13,914,249 | 111,706 | 10,229,704 |
Based on the votes set forth above, each of the nominees set
forth above were duly elected to serve as directors of the
Company for a one year term, or until their respective successors
have been duly elected and qualified at the next annual meeting
of stockholders of the Company.
Proposal 2. Ratification of the Appointment of
Independent Registered Public Accounting Firm
The ratification of the appointment of PricewaterhouseCoopers LLP
as the Companys independent registered public accounting firm and
external auditors for the year ending December31, 2017 received
the following votes:
| For | Against | Abstain |
| 186,990,076 | 2,716,004 | 28,219 |
Based on the votes set forth above, the appointment of
PricewaterhouseCoopers LLP as the Companys independent registered
public accounting firm and external auditors to serve for the
year ending December 31, 2017 was duly ratified by the
stockholders.
Proposal 3. Advisory Vote on the Compensation of the
Companys Executive Officers
The advisory (non-binding) vote on the compensation of the
Companys named executive officers, as set forth in the Companys
proxy statement for the Annual Meeting, received the following
votes:
| For | Against | Abstain | Broker Non-Votes |
| 144,725,441 | 34,077,797 | 701,357 | 10,229,704 |
Based on the votes set forth above, the compensation of the
Companys named executive officers, as set forth in the Companys
proxy statement for the Annual Meeting, was approved in an
advisory vote by the stockholders.
Proposal 4. Advisory Vote on the Frequency of the
Advisory Vote on the Compensation of the Companys Executive
Officers
The advisory (non-binding) vote on the frequency of the advisory
(non-binding) vote on the compensation of the Companys named
executive officers, as set forth in the Companys proxy statement
for the Annual Meeting, received the following votes:
| 1 Year | 2 Years | 3 Years | Abstain | Broker Non-Votes |
| 167,761,637 | 422,176 | 11,270,919 | 49,863 | 10,229,704 |
Based on the votes set forth above, the 1 Year option for the
frequency of the advisory vote on the compensation of the
Companys named executive officers, as set forth in the Companys
proxy statement for the Annual Meeting, was approved in an
advisory vote by the stockholders.
About CIT GROUP INC. (NYSE:CIT)
CIT Group Inc. (CIT) is a bank holding company. The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world. The Company’s segments include North America Banking (NAB), including Commercial Real Estate, Commercial Banking and Consumer Banking divisions; Transportation & International Finance (TIF), including Aerospace, Rail, Maritime Finance and International Finance divisions, and Legacy Consumer Mortgages (LCM), which includes single-family residential mortgage (SFR) loans and reverse mortgage loans. CIT products and services include account receivables collection; equipment leases; acquisition and expansion financing; factoring services; financial risk management; asset management and servicing; asset-based loans; insurance services; credit protection; debt restructuring, and deposits. CIT GROUP INC. (NYSE:CIT) Recent Trading Information
CIT GROUP INC. (NYSE:CIT) closed its last trading session down -0.25 at 46.70 with 1,780,200 shares trading hands.
