GREAT WESTERN BANCORP, INC. (NYSE:GWB) Files An 8-K Submission of Matters to a Vote of Security Holders

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GREAT WESTERN BANCORP, INC. (NYSE:GWB) 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;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers

The Board of Directors of Great Western Bancorp, Inc., (the
Company) held its 2017 Annual Meeting of Stockholders on February
27, 2017. Four items of business were considered by the
Company’s stockholders at the meeting:
The election of James Israel, Frances Grieb and Stephen Lacy
to serve as directors of the Company for three year terms and
until their successors are duly elected and qualified;
An advisory vote to approve the Company’s executive
compensation as described in the Annual Meeting Proxy
Statement;
The frequency of future stockholder advisory votes to approve
the Company’s executive compensation; and
Ratification of the appointment of Ernst Young LLP to serve
as the Company’s independent registered public accounting
firm for the fiscal year ending September 30, 2017. The
results of the vote at the meeting were as follows:
Proposal No. 1Election of DirectorsStockholders elected the three
nominees named in the Proxy Statement.
Name
Votes For
Withheld
Broker Non Votes
James Israel
54,903,911
380,423
888,450
Frances Grieb
54,903,078
381,256
888,450
Stephen Lacy
50,687,505
4,596,829
888,450
Proposal No. 2To adopt a non-binding resolution to approve the
compensation of the Company’s named executive officers:
Votes For
Votes Against
Abstentions
Broker Non-Votes
53,836,595
1,423,270
24,469
888,450
Proposal No. 3To hold an advisory vote on the frequency of
obtaining future advisory votes to approve the compensation of
the Company’s named executive officers:
1 Year
2 Years
3 Years
Abstentions
48,859,733
20,539
6,395,251
8,811
Proposal No. 4Stockholder Ratification of Independent Registered
Public Accounting FirmStockholders Ratified the appointment of
Ernst Young LLP as independent registered public accounting firm
for the fiscal year ending September 30, 2017.
Votes For
Votes Against
Abstentions
56,155,034
5,028
12,722
Item 8.01. Other Events
Appointment of Chairperson, Lead Independent Director, Committee
Members, and Committee Chairs
On February 27, 2017, effective immediately, the Board of
Directors (the “Board”) appointed President and CEO of the
Company Ken Karels as Chairperson of the Board, Thomas Henning as
Lead Independent Director, and the following committee
memberships and chairpersons:
Audit Committee: Francis Grieb (Chairperson), James Brannen
and James Israel. All Audit Committee members qualify as a
“Financial Expert” as defined by Regulation S-K Item 407.
Compensation Committee: Daniel Rykhus (Chairperson), James
Spies and Stephen Lacy.
Governance Committee: Stephen Lacy (Chairperson), Daniel
Rykhus and James Spies.
Risk Committee: James Brannen (Chairperson), Thomas Henning,
Frances Grieb and James Israel. Messrs. Brannen, Henning and
Israel qualify as “Risk Management Experts” to standards
set forth in Section 165 of the Dodd Frank Act.
Executive Committee: Thomas Henning (Chairperson), Ken Karels
and Daniel Rykhus.
All of the above named directors, except Ken Karels, President
and CEO of the Company, satisfy the independence standards set
forth in Section 303A of the NYSE Listed Company Manual and have
no material relationship with the Company that would interfere
with the exercise of independent judgment in carrying out the
responsibilities of a director, and are independent within the
meaning of Rule 10A-3 of the Exchange Act.


About GREAT WESTERN BANCORP, INC. (NYSE:GWB)

Great Western Bancorp, Inc. is a full-service regional bank holding company. The Company is the holding company of the Great Western Bank (the Bank). As of September 30, 2016, the Company served customers through 173 branches in various markets in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. The Company focuses on business and agribusiness banking, complemented by retail banking and wealth management services. The Company’s loan portfolio consists primarily of business loans, consisting of commercial and industrial loans (C&I), commercial real estate loans and agribusiness loans. The Company offers its business banking customers a focused range of financial products designed to meet the specific needs of their businesses, including loans, lines of credit, cash management services, online business deposit and wire transfer services, in addition to non-interest-bearing demand deposit and savings accounts, and corporate credit cards.

GREAT WESTERN BANCORP, INC. (NYSE:GWB) Recent Trading Information

GREAT WESTERN BANCORP, INC. (NYSE:GWB) closed its last trading session up +0.66 at 43.36 with 190,326 shares trading hands.