SVB Financial Group (NASDAQ:SIVB) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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SVB Financial Group (NASDAQ:SIVB) 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 April 27, 2017, SVB Financial Group (the Company) held its
2017 Annual Meeting of Stockholders (the 2017 Annual Meeting). At
the 2017 Annual Meeting, the stockholders of the Company (i)
elected the Companys directors for the ensuing year, (ii)
ratified the appointment of KPMG LLP as the Companys independent
registered public accounting firm, (iii) approved, on an advisory
basis, the Companys executive compensation (Say on Pay) and (iv)
approved, on an advisory basis, that future Say on Pay votes
continue to be held on an annual basis (Say on Frequency).
Each of the above matters is described in more detail in the
Companys Definitive Proxy Statement on Schedule 14A filed with
the Securities Exchange Commission on March 9, 2017 (the Proxy
Statement). The voting results were as follows:
Proposal 1: Election of Directors.
The stockholders elected the following individuals to the
Companys Board of Directors:
For
Withheld
Broker Non-Votes
Nominee
Greg W. Becker
45,031,475
290,721
2,929,775
Eric A. Benhamou
44,525,047
797,149
2,929,775
David M. Clapper
44,968,802
353,394
2,929,775
Roger F. Dunbar
44,968,734
353,462
2,929,775
Joel P. Friedman
44,909,648
412,548
2,929,775
Lata Krishnan
45,094,565
227,631
2,929,775
Jeffrey N. Maggioncalda
45,076,286
245,910
2,929,775
Mary J. Miller
45,096,400
225,796
2,929,775
Kate D. Mitchell
45,019,522
302,674
2,929,775
John F. Robinson
45,016,972
305,224
2,929,775
Garen K. Staglin
45,014,713
307,483
2,929,775
Proposal 2: Ratification of Appointment of Independent Registered
Public Accounting Firm.
The stockholders ratified the appointment of KPMG LLP as the
Companys independent registered public accounting firm for the
fiscal year ending December 31, 2017.
For
Against
Abstain
Broker Non-Votes
47,523,105
675,315
53,551
Proposal 3: Advisory Vote to Approve Executive Compensation (Say
on Pay).
The stockholders approved, on a non-binding, advisory basis, the
compensation of the Companys named executive officers as
disclosed in the Proxy Statement.
For
Against
Abstain
Broker Non-Votes
44,697,473
545,485
79,238
2,929,775
Proposal 4: Advisory Vote on the Frequency of Future Advisory Say
on Pay Resolutions (Say on Frequency).
The stockholders approved, on a non-binding, advisory basis, that
future Say on Pay votes be held annually. Based on these results,
and consistent with the recommendation of the Board of Directors,
the Company will continue to conduct an advisory vote on
executive compensation on an annual-basis.
1 Year
2 Years
3 Years
Abstain
Broker Non-Votes
38,808,300
71,324
6,348,905
93,667
2,929,775


About SVB Financial Group (NASDAQ:SIVB)

SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments. SVB Private Bank is the private banking division of the Bank, which provides a range of personal financial solutions for consumers. SVB Capital is the venture capital investment arm of SVB Financial Group, which focuses primarily on funds management. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States, as well as in international entrepreneurial markets. The Company offers services in the technology, life science/healthcare, private equity/venture capital and wine industries.

SVB Financial Group (NASDAQ:SIVB) Recent Trading Information

SVB Financial Group (NASDAQ:SIVB) closed its last trading session up +4.34 at 180.28 with 1,494,313 shares trading hands.