PEAPACK-GLADSTONE FINANCIAL CORPORATION (NASDAQ:PGC) 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 April 25, 2017, the Annual Meeting of Shareholders of
Peapack-Gladstone Financial Corporation (the Company) was held. A
total of 15,442,194 of the Companys shares were present or
represented by proxy at the meeting. The Companys shareholders
took the following actions:
Proposal #1 Election of Directors. Voted on the election of 11
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 and Withheld for each
nominee, as well as the number of abstentions and broker
non-votes.
| Name | For | Withheld | Abstentions | Broker Non-Votes |
| Finn M.W. Caspersen, Jr | 13,323,477 | 344,649 | 1,774,068 | |
| Dr. Susan A. Cole | 13,481,207 | 186,919 | 1,774,068 | |
| Anthony J. Consi, II | 13,075,131 | 592,995 | 1,774,068 | |
| Richard Daingerfield | 13,487,711 | 180,415 | 1,774,068 | |
| Edward A. Gramigna, Jr | 13,417,245 | 250,881 | 1,774,068 | |
| Douglas L. Kennedy | 13,428,254 | 239,872 | 1,774,068 | |
| John D. Kissel | 13,331,623 | 336,503 | 1,774,068 | |
| James R. Lamb | 13,442,252 | 225,874 | 1,774,068 | |
| F. Duffield Meyercord | 13,074,706 | 593,420 | 1,774,068 | |
| Philip W. Smith, III | 11,981,540 | 1,686,586 | 1,774,068 | |
| Beth Welsh | 13,438,252 | 229,874 | 1,774,068 |
Proposal #2 – Compensation of Executive Officers. Voted on a
non-binding, advisory basis to approve the compensation of the
Companys named executive officers.
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 | 11,136,187 |
| Against | 1,370,980 |
| Abstentions | 1,160,959 |
| Broker Non-Votes | 1,774,068 |
Proposal #3 Frequency of Future Advisory. Voted on the
Compensation of Executive Officers. Voted on a non-binding,
advisory basis to select the frequency of future advisory votes
on the compensation of the Companys named executive officers.
The number of shares voted 1 Year, 2 Years, 3 Years for this
proposal, as well as the number of abstentions and broker
non-votes, is as follows:
| Number of Votes | |
| 1 Year | 10,763,049 |
| 2 Years | 134,563 |
| 3 Years | 1,616,385 |
| Abstentions | 1,154,129 |
| Broker Non-Votes | 1,774,068 |
In light of the outcome of this vote, 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.
Proposal #4 – Ratification of the Independent Registered Public
Accounting Firm. Voted to ratify the appointment of Crowe Horwath
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 | 15,403,211 |
| Against | 35,933 |
| Abstentions | 3,050 |
About PEAPACK-GLADSTONE FINANCIAL CORPORATION (NASDAQ:PGC)
Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Bank provides private banking services to businesses, non-profits and consumers through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey; wealth management division, and branch network in Somerset, Morris, Hunterdon, Middlesex and Union counties. The Company operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automatic teller machines; telephone and Internet banking services; merchant credit card services, and customer support sales. The Private Wealth Management Division includes asset management services, personal trust services and corporate trust services. PEAPACK-GLADSTONE FINANCIAL CORPORATION (NASDAQ:PGC) Recent Trading Information
PEAPACK-GLADSTONE FINANCIAL CORPORATION (NASDAQ:PGC) closed its last trading session down -0.43 at 32.59 with 120,218 shares trading hands.
