NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item5.03.
|
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On December20, 2016, the Board of Directors of New York Community
Bancorp, Inc. (the Company) adopted amendments to the Companys
bylaws, in the form of the Companys Amended and Restated Bylaws
(the Bylaws), to amend the existing provisions of proxy access
(i.e., allowing eligible stockholders to include their own
nominees for director in the Companys proxy materials along with
the Board-nominated candidates).
The following general description of the proxy access provisions
of the Bylaws is qualified in its entirety by reference to the
text of the Bylaws, a copy of which is included as Exhibit 3(ii)
to this report and incorporated by reference herein.
The proxy access provisions of the Bylaws were amended to permit
any stockholder or group of up to 20 stockholders who have
maintained continuous qualifying ownership of 3% or more of the
Companys outstanding common stock (the Minimum Number) for at
least the previous three years to include a specified number of
director nominees in the Companys proxy materials for an annual
meeting of stockholders. An eligible stockholder is considered to
own only the shares for which the stockholder possesses full
voting and investing rights of, and full economic interest in, at
least the Minimum Number through the date of the annual meeting.
Additionally, an eligible stockholders ownership of shares shall
be deemed to continue during any period in which the eligible
stockholder has loaned such shares provided that the eligible
stockholder has the power to recall such loaned shares on five
business days notice, has recalled such loaned shares as of the
date of the nomination notice, and continues to hold such shares
through the date of the annual meeting of stockholders.
| Item9.01. | Financial Statements and Exhibits. |
The following exhibit is filed herewith:
Exhibit 3(ii)Bylaws (Amended and Restated as of December20, 2016)
About NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB)
New York Community Bancorp, Inc. is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services. The Residential Mortgage Banking segment originates, aggregates, sells and services one- to four-family mortgage loans. Mortgage loan products consist of agency-conforming fixed- and adjustable-rate loans and, to a lesser extent, jumbo loans, for the purpose of purchasing or refinancing one- to four-family homes. The Company’s subsidiaries are New York Community Bank, a chartered savings bank with approximately 230 branches that operates through over seven local divisions, and New York Commercial Bank, a chartered commercial bank with approximately 30 branches in Manhattan, Queens, Brooklyn, Westchester County and Long Island. NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Recent Trading Information
NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) closed its last trading session down -0.12 at 15.79 with 3,122,505 shares trading hands.
