Sterling Bancorp (NYSE:STL) 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 May 23, 2017, the Company held its 2017 Annual Meeting of
Stockholders, at which the Companys stockholders considered four
(4) proposals, each of which is described in more detail in the
Companys proxy statement filed with the Securities and Exchange
Commission on April 13, 2017. There were 135,603,346 outstanding
shares entitled to vote and there were 125,539,789 shares present
in person or by proxy, representing approximately 92.6% of the
shares outstanding and entitled to vote. The voting results are
presented below.
1. Election of eleven (11) Directors for a one (1)year term until
their successors are elected and qualified. The results of the
election of directors to serve a one (1) year term ending in 2018
or until their successors are elected and qualified are as
follows:
| Nominee | For | Withheld | Broker Non-Votes | |||||||||
| John P. Cahill | 109,548,936 | 700,624 | 15,290,229 | |||||||||
| James F. Deutsch | 109,468,261 | 781,299 | 15,290,229 | |||||||||
| Navy E. Djonovic | 109,308,715 | 940,845 | 15,290,229 | |||||||||
| Fernando Ferrer | 108,595,574 | 1,653,986 | 15,290,229 | |||||||||
| Thomas G. Kahn | 108,878,437 | 1,371,123 | 15,290,229 | |||||||||
| Jack Kopnisky | 108,277,704 | 1,971,856 | 15,290,229 | |||||||||
| James J. Landy | 108,868,202 | 1,381,358 | 15,290,229 | |||||||||
| Robert W. Lazar | 108,799,801 | 1,449,759 | 15,290,229 | |||||||||
| Richard OToole | 109,508,716 | 740,844 | 15,290,229 | |||||||||
| Burt Steinberg | 108,478,347 | 1,771,213 | 15,290,229 | |||||||||
| William E. Whiston | 109,520,911 | 728,649 | 15,290,229 | |||||||||
2. Approval, by non-binding vote, of the compensation of the
Named Executive Officers (Say-on-Pay).
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 106,533,818 | 3,389,006 | 326,736 | 15,290,229 | |||||||||||
3. Recommendation, by non-binding vote, on the frequency of the
stockholder Say-on-Pay vote on executive compensation in the
future.
| 1 Year | 2 Years | 3 Years | Abstain | Broker Non-Votes | ||||||||||||||
| 91,164,566 | 304,288 | 18,616,994 | 163,712 | 15,290,229 | ||||||||||||||
A broker non-vote occurs when a broker, bank or other
nominee holding shares for a beneficial owner does not vote on a
particular proposal because the nominee does not have
discretionary voting power with respect to the item and has not
received voting instructions from the beneficial owner of the
shares it holds. Broker non-votes are counted when determining
whether the necessary quorum of stockholders is present or
represented at each annual meeting.
4.Ratification of the appointment of Crowe Horwath LLP as
the independent registered public accounting firm for the fiscal
year ending December 31, 2017.
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 123,600,626 | 1,792,654 | 146,509 | ||||||||||||
About Sterling Bancorp (NYSE:STL)
Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island, and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey. Its deposit products include non-interest bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits. Sterling Bancorp (NYSE:STL) Recent Trading Information
Sterling Bancorp (NYSE:STL) closed its last trading session down -0.30 at 21.85 with 925,230 shares trading hands.
