CVB FINANCIAL CORP. (NASDAQ:CVBF) Files An 8-K Submission of Matters to a Vote of Security Holders
item 5.07 (d)below regarding the frequency of shareholder votes
on the compensation of executives.
Item5.07 Submission of Matters to a Vote of Security
Holders.
(d) |
In light of the preference indicated by its shareholders at the May17, 2017 Annual Meeting to hold future advisory votes for the approval of the compensation of the named executive officers (Say-on-Pay Frequency Proposal) annually, the Company will hold future shareholder votes on the compensation of executives in its proxy materials every year until its next vote on Say-on-Pay Frequency. The next advisory Say-on-Pay Frequency vote is required to occur no later than the Companys 2023 Annual Meeting of Shareholders. |
About CVB FINANCIAL CORP. (NASDAQ:CVBF)
CVB Financial Corp. is the bank holding company for Citizens Business Bank (the Bank). The Bank’s segments include Business Financial and Commercial Banking Centers (Centers), Treasury and Others. The Company’s all administrative and other smaller operating departments are combined into the Other segment. Its remaining operating segments, which include construction lending, dairy and livestock, and agribusiness lending, leasing, CitizensTrust and centralized functions, form part of the Other segment. The Treasury Department’s primary focus is managing the Bank’s investments, liquidity and interest rate risk. The Bank operates approximately 40 Business Financial Centers, eight Commercial Banking Centers, and three trust offices. Its trust offices are located in Ontario, Newport Beach and Pasadena. These offices serve as sales offices for the Bank’s wealth management, trust and investment products. The Company also offers specialized services designed for commercial customers.
