YADKIN FINANCIAL CORPORATION (NASDAQ:YDKN) 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.
Yadkin Financial Corporation (the Company) held a Special Meeting
of Shareholders (the Special Meeting) on December 9, 2016. At the
Special Meeting, the Company received proxies totaling 73% of its
issued and outstanding shares of common stock, representing
51,730,158 shares of common stock, as of the record date. The
shareholders voted on the following proposals, which are
described in more detail in the Notice of Meeting and Joint Proxy
Statement filed by the Company with the SEC on October 17, 2016,
and the results of the voting are presented below.
of Shareholders (the Special Meeting) on December 9, 2016. At the
Special Meeting, the Company received proxies totaling 73% of its
issued and outstanding shares of common stock, representing
51,730,158 shares of common stock, as of the record date. The
shareholders voted on the following proposals, which are
described in more detail in the Notice of Meeting and Joint Proxy
Statement filed by the Company with the SEC on October 17, 2016,
and the results of the voting are presented below.
Proposal 1
The Companys shareholders voted to approve the adoption of the
Agreement and Plan of Merger between F.N.B. Corporation and
Yadkin Financial Corporation, dated as of July 20, 2016, and to
approve the merger of the Company with and into F.N.B.
Corporation, based on the following final voting results:
Agreement and Plan of Merger between F.N.B. Corporation and
Yadkin Financial Corporation, dated as of July 20, 2016, and to
approve the merger of the Company with and into F.N.B.
Corporation, based on the following final voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
36,051,963
|
1,204,669
|
672,300
|
Proposal 2
The Companys shareholders approved, in an advisory (non-binding)
vote, the compensation of named executive officers in connection
with the merger, based on the following final voting results:
vote, the compensation of named executive officers in connection
with the merger, based on the following final voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
33,296,139
|
3,873,950
|
758,843
|
Proposal 3
The Companys shareholders approved the proposal to adjourn the
Special Meeting, if necessary or appropriate, to solicit
additional proxies in favor of the adoption of the agreement and
plan of merger, based on the following final voting results:
Special Meeting, if necessary or appropriate, to solicit
additional proxies in favor of the adoption of the agreement and
plan of merger, based on the following final voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
33,898,328
|
3,199,221
|
831,383
|
Item 8.01 Other Events.
On December 9, 2016, the Company issued a press release
announcing that the Companys shareholders approved the adoption
of the Agreement and Plan of Merger, the merger of the Company
with and into F.N.B. Corporation and, on an advisory, non-binding
basis, certain merger-related compensation arrangements at a
Special Meeting of the Companys shareholders on December 9, 2016,
in Raleigh, North Carolina. A copy of that press release is
attached hereto as Exhibit 99.1.
announcing that the Companys shareholders approved the adoption
of the Agreement and Plan of Merger, the merger of the Company
with and into F.N.B. Corporation and, on an advisory, non-binding
basis, certain merger-related compensation arrangements at a
Special Meeting of the Companys shareholders on December 9, 2016,
in Raleigh, North Carolina. A copy of that press release is
attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description of Exhibit
Exhibit 99.1 Press release dated December 9, 2016
About YADKIN FINANCIAL CORPORATION (NASDAQ:YDKN)
