WESTERN ALLIANCE BANCORPORATION (NYSE:WAL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
On June 12, 2018, Western Alliance Bancorporation (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”). The total number of shares of the Company’s common stock, par value of $0.0001 per share, voted in person or by proxy at the Annual Meeting was 98,102,344, representing 92.69% of the 105,857,628 shares outstanding and entitled to vote at the Annual Meeting. All matters voted upon at the Annual Meeting were approved with the required votes. The matters that were voted upon at the Annual Meeting, and the number of votes cast for or against, as well as the number of abstentions and broker non-votes, as to each such matter are set forth below.
Proposal 1 Election of Directors
The Company’s stockholders elected fourteen directors to each serve for a one-year term expiring in 2019. The voting results were as follows:
|
VOTESFOR |
VOTES AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
|
|
Bruce Beach |
86,275,005 |
1,431,915 |
1,178,219 |
9,235,205 |
|
William S. Boyd |
85,722,111 |
1,437,371 |
1,725,657 |
9,235,205 |
|
Howard N. Gould |
87,841,838 |
707,424 |
335,877 |
9,235,205 |
|
Steven J. Hilton |
79,341,606 |
5,628,375 |
3,915,158 |
9,235,205 |
|
Marianne Boyd Johnson |
83,640,954 |
108,473 |
5,135,712 |
9,235,205 |
|
Robert P. Latta |
88,416,892 |
139,124 |
329,123 |
9,235,205 |
|
Cary Mack |
86,790,416 |
938,010 |
1,156,713 |
9,235,205 |
|
Todd Marshall |
82,804,253 |
941,833 |
5,139,053 |
9,235,205 |
|
James E. Nave, D.V.M. |
82,610,511 |
964,374 |
5,310,254 |
9,235,205 |
|
Michael Patriarca |
88,661,623 |
29,684 |
193,832 |
9,235,205 |
|
Robert Gary Sarver |
86,610,180 |
939,036 |
1,335,923 |
9,235,205 |
|
Donald D. Snyder |
80,094,385 |
1,446,501 |
7,344,253 |
9,235,205 |
|
Sung Won Sohn, Ph.D. |
88,707,705 |
33,456 |
143,978 |
9,235,205 |
|
Kenneth A. Vecchione |
87,825,884 |
113,024 |
946,231 |
9,235,205 |
Proposal 2 Advisory (Non-Binding) Vote on Executive Compensation
The Company’s stockholders approved, on a non-binding advisory basis, executive compensation. The voting results were as follows:
|
VOTES FOR |
VOTES AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
|
86,906,755 |
1,914,949 |
63,435 |
9,235,205 |
Proposal 3 Advisory (Non-Binding) Vote on Frequency of Executive Compensation Votes
The Company’s stockholders selected, on a non-binding advisory basis, every year as the frequency with which the Company should hold votes on executive compensation. The voting results were as follows:
|
EVERYYEAR |
TWOYEARS |
THREEYEARS |
ABSTENTIONS |
|
86,444,716 |
998,705 |
1,335,022 |
106,696 |
Proposal 4 Ratification of Auditor
The Company’s stockholders ratified the appointment of RSM US LLP as the Company’s independent auditors for the fiscal year ending December31, 2018. The voting results were as follows:
|
VOTES FOR |
VOTES AGAINST |
ABSTENTIONS |
BROKER NON-VOTES |
|
95,913,317 |
2,176,681 |
30,346 |
About WESTERN ALLIANCE BANCORPORATION (NYSE:WAL)
Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposits, lending, treasury management and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Company’s segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL), and Corporate & Other. The Company’s Arizona, Nevada, Southern California and Northern California segments provide full-service banking and related services to their respective markets. The Company’s CBL segment provides banking services to niche markets and includes the operations of Bridge Bank. The Bank’s full-service banking divisions include Alliance Bank of Arizona (ABA) in Arizona, Bank of Nevada (BON) in Southern Nevada, Bridge Bank in Northern California, First Independent Bank (FIB) in Northern Nevada and Torrey Pines Bank (TPB) in Southern California.
