YADKIN FINANCIAL CORPORATION (NYSE:YDKN) 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.
of Shareholders (the Special Meeting) on December 9, 2016. At the
Special Meeting, the Company received proxies totaling 73% of its
issued and outstanding shares of common stock, representing
51,730,158 shares of common stock, as of the record date. The
shareholders voted on the following proposals, which are
described in more detail in the Notice of Meeting and Joint Proxy
Statement filed by the Company with the SEC on October 17, 2016,
and the results of the voting are presented below.
Agreement and Plan of Merger between F.N.B. Corporation and
Yadkin Financial Corporation, dated as of July 20, 2016, and to
approve the merger of the Company with and into F.N.B.
Corporation, based on the following final voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
36,051,963
|
1,204,669
|
672,300
|
vote, the compensation of named executive officers in connection
with the merger, based on the following final voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
33,296,139
|
3,873,950
|
758,843
|
Special Meeting, if necessary or appropriate, to solicit
additional proxies in favor of the adoption of the agreement and
plan of merger, based on the following final voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
33,898,328
|
3,199,221
|
831,383
|
announcing that the Companys shareholders approved the adoption
of the Agreement and Plan of Merger, the merger of the Company
with and into F.N.B. Corporation and, on an advisory, non-binding
basis, certain merger-related compensation arrangements at a
Special Meeting of the Companys shareholders on December 9, 2016,
in Raleigh, North Carolina. A copy of that press release is
attached hereto as Exhibit 99.1.
About YADKIN FINANCIAL CORPORATION (NYSE:YDKN)
Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations through its subsidiary, Yadkin Bank, which is a chartered community bank that provides services in approximately 110 branches across North Carolina and South Carolina. Yadkin Bank provides banking, mortgage, investment and insurance services to businesses and consumers across the Carolinas. It operates through a segment, which is providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina, and to customers in various states through its Small Business Administration (SBA) lending program. It offers various loans, such as commercial and industrial (C&I) loans and government-guaranteed loans. The Company’s investment securities portfolio includes the United States Government-sponsored enterprise (GSE) obligations and securities guaranteed by the United States SBA. The Company’s primary source of funds is deposits. YADKIN FINANCIAL CORPORATION (NYSE:YDKN) Recent Trading Information
YADKIN FINANCIAL CORPORATION (NYSE:YDKN) closed its last trading session down -1.51 at 33.65 with 546,230 shares trading hands.
