BANC OF CALIFORNIA, INC. (NYSE:BANC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
As noted above, on May31, 2018, the Company held its 2018 Annual Meeting. As of March29, 2018, the voting record date for the 2018 Annual Meeting, there were 50,079,736 shares of the Company’s voting common stock outstanding. The results of the items voted on at the 2018 Annual Meeting are as follows:
Proposal I Election of the two ClassIII director nominees, each for a term of one year:
|
Nominee |
Vote Type |
Votes |
Vote Result |
|
Bonnie G. Hill |
Vote For | 41,685,743 | Nominee Elected. In an uncontested election, which this election was, the Company’s directors are elected by a majority of the votes cast. Accordingly, Dr.Hill was elected. |
| Vote Against | 126,102 | ||
| Abstention | 21,443 | ||
| Broker Non-Vote | 5,795,717 | ||
|
W. Kirk Wycoff |
Vote For | 40,221,842 | Nominee Elected. In an uncontested election, which this election was, the Company’s directors are elected by a majority of the votes cast. Accordingly, Mr.Wycoff was elected. |
|
Vote Against |
1,568,019 | ||
|
Abstention |
43,428 | ||
|
Broker Non-Vote |
5,795,717 |
Proposal II Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December31, 2018:
|
Vote Type |
Votes |
Vote Result |
|
Vote For |
47,393,961 | Proposal II Approved. The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal.Accordingly, this proposal was approved. |
|
Vote Against |
117,030 | |
|
Abstention |
118,015 | |
|
Broker Non-Vote |
Proposal III Approval of the Banc of California, Inc. 2018 Omnibus Stock Incentive Plan:
|
Vote Type |
Votes |
Vote Result |
|
Vote For |
33,250,855 | Proposal III Approved. The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal.Accordingly, this proposal was approved. |
|
Vote Against |
8,450,582 | |
|
Abstention |
131,852 | |
|
Broker Non-Vote |
5,795,717 |
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Proposal IV An amendment to the Company’s charter to eliminate the ability of the Board to change the number of authorized shares of the Company’s stock without stockholder approval:
|
Vote Type |
Votes |
Vote Result |
|
Vote For |
41,406,103 | Proposal IV Approved. The vote required to approve this proposal was the affirmative vote of the holders of a majority of the outstanding shares of the Company’s voting common stock entitled to vote on the proposal. Accordingly, this proposal was approved. |
|
Vote Against |
354,163 | |
|
Abstention |
73,023 | |
|
Broker Non-Vote |
5,795,717 |
| Item 5.02 | Financial Statements and Exhibits. |
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BANC OF CALIFORNIA, INC. ExhibitEX-3.1 2 d597365dex31.htm EX-3.1 EX-3.1 Exhibit 3.1 BANC OF CALIFORNIA,…To view the full exhibit click here
About BANC OF CALIFORNIA, INC. (NYSE:BANC)
Banc of California, Inc. provides banking services to California’s diverse businesses, entrepreneurs and homeowners. The Bank was formed through the merger of four of Southern California’s community banking franchises. The Bank offers a range of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through over 100 banking offices across California and across the West. The Bank’s deposit product and service offerings include checking, savings, money market, certificates of deposit, retirement accounts, as well as online, telephone and mobile banking, automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, Automated Clearing House (ACH) origination, wire transfer, direct deposit and safe deposit boxes.
