BANK MUTUAL CORPORATION (NASDAQ:BKMU) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.
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Submission of Matters to a Vote of Security Holders. |
At the Annual Meeting of Shareholders of Bank Mutual Corporation
(the Company) on May 1, 2017 (the Annual Meeting), the Companys
shareholders: (i) elected three members of the Companys Board of
Directors to serve until the Companys annual meeting in the year
2020; (ii) ratified the Audit Committees selection of Deloitte
Touche LLP as the Companys independent auditors for 2017; (iii)
approved, in an advisory vote, the compensation of the Companys
named executive officers; and (iv) approved, in an advisory vote,
the frequency of future shareholder advisory votes on executive
compensation. There were 45,887,719 outstanding shares eligible
to vote as of March 1, 2017, the record date for the Annual
Meeting.
The directors elected to the Companys Board for terms expiring at
the Companys annual meeting in the year 2020, as well as the
number of votes cast for, votes withheld and broker non-votes
with respect to each of these individuals, are set forth below*:
| Director | Votes For | Votes Withheld | Broker Non-Votes | |
| David C. Boerke | 32,971,369 | 1,412,228 | 5,510,628 | |
| Lisa A. Mauer | 33,597,813 | 786,207 | 5,510,628 | |
| Robert B. Olson | 32,833,451 | 1,550,569 | 5,510,628 |
The terms of office for the following directors continue until
the annual meeting of shareholders in the year set forth below:
| Director | Term | Director | Term | |
| Thomas H. Buestrin | David A. Baumgarten | |||
| Michael T. Crowley, Jr. | Richard A. Brown | |||
| William J. Mielke | Mark C. Herr | |||
| Mike I. Shafir |
The proposal to ratify the Audit Committees selection of Deloitte
Touche LLP as the Companys independent auditors for 2017 received
the following votes:
| Votes for approval: | 39,329,167 | |||
| Votes against: | 330,890 | |||
| Abstentions: | 234,591 |
The advisory proposal to approve the compensation of the Companys
named executive officers, as disclosed in Compensation Discussion
and Analysis and Executive Compensation in the Companys Proxy
Statement for the 2017 Annual Meeting, which was filed with the
Securities and Exchange Commission on March 8, 2017, received the
following votes:
| Votes for approval: | 27,312,924 | |||
| Votes against: | 6,485,241 | |||
| Abstentions: | 585,855 | |||
| Broker Non-Votes: | 5,510,628 |
The advisory vote related to the frequency of future advisory
votes to approve named executive officer compensation received
the following votes:
| Votes for 1 Year: | 24,152,363 | |||
| Votes for 2 Years: | 668,244 | |||
| Votes for 3 Years: | 8,999,591 | |||
| Abstentions: | 563,820 | |||
| Broker Non-Votes: | 5,510,628 |
Based on the results of the advisory vote related to the
frequency of future advisory votes to approve named executive
officer compensation and other factors, the Companys Board
determined that it will continue to hold future advisory votes to
approve executive compensation annually until the next required
shareholder vote on the frequency of these votes.
* * * * *
* Total votes cast for each nominee or matter, together with
broker non-votes, may vary due to the rounding of fractional
share interests.
About BANK MUTUAL CORPORATION (NASDAQ:BKMU)
Bank Mutual Corporation is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Company operates through community banking segment. The Bank is engaged in the business of community banking, which includes attracting deposits from and making loans to the general public and private businesses, as well as governmental and non-profit entities. In addition to deposits, the Bank obtains funds through borrowings from the Federal Home Loan Bank (FHLB) of Chicago. These funding sources are used to originate loans, including commercial and industrial loans, multi-family residential loans, non-residential commercial real estate loans, one- to four-family loans, home equity loans and other consumer loans. The Bank also purchases and/or participates in loans from third-party financial institutions and is a seller of residential loans in the secondary market. It also invests in mortgage-related and other investment securities. BANK MUTUAL CORPORATION (NASDAQ:BKMU) Recent Trading Information
BANK MUTUAL CORPORATION (NASDAQ:BKMU) closed its last trading session down -0.15 at 9.15 with 98,734 shares trading hands.