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

Broker Non-Votes

ME Staff 8-k

8 years ago

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.

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.

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.