8-K
filed May 18, 2023, 7:59 PM ET
ticker INDB
CIK 0000776901
other material
confidence high
sentiment neutral
materiality 0.50
Shareholders approve Independent Bank Corp. 2023 Omnibus Incentive Plan
INDEPENDENT BANK CORP
- Shareholders approved 2023 Omnibus Incentive Plan, authorizing up to 1,250,000 shares (less grants under prior plan after 12/31/22).
- Individual annual limits: 100,000 shares or $4M cash.
- Minimum vesting period of one year for equity awards, except for 5% of shares.
- Class III directors James O'Shanna Morton, Daniel F. O'Brien, Scott K. Smith reelected.
- Advisory vote on executive compensation approved; say-on-pay frequency set to one year.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INDEPENDENT BANK CORP shareholders approved Election of James O'Shanna Morton, Daniel F. O'Brien and Scott K. Smith as Class III Directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
(1) Proposal to reelect, James O'Shanna Morton, Daniel F. O'Brien and Scott K. Smith as Class III Directors. All nominees were reelected. The results of voting were as follows: For Against Abstain Broker Non-Votes James O'Shanna Morton 32,949,922 2,587,751 42,507 3,978,639 Daniel F. O'Brien 32,470,013 3,067,317 42,850 3,978,639 Scott K. Smith 32,957,635 2,584,480 38,065 3,978,639
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INDEPENDENT BANK CORP shareholders approved Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2023.
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
(2) Proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2023. The proposal was approved. The results of voting were as follows: For Against Abstain Broker Non-Votes 39,105,822 427,518 25,479 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INDEPENDENT BANK CORP shareholders approved Approve the 2023 Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
(3) Proposal to approve the 2023 Plan. The proposal was approved. The results of voting were as follows: For Against Abstain Broker Non-Votes 34,434,376 1,051,230 94,574 3,978,639
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INDEPENDENT BANK CORP shareholders approved Approve, on an advisory basis, the frequency of future advisory votes on the compensation of our named executive officers.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
(5) Proposal to approve, on an advisory basis, the frequency of future advisory votes on the compensation of our named executive officers. The frequency of 1 Year received the highest number of votes. The results of voting were as follows: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 32,927,681 310,841 2,219,389 122,269 3,978,639
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INDEPENDENT BANK CORP shareholders approved Approve, on an advisory basis, the compensation of our named executive officers.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
(4) Proposal to approve, on an advisory basis, the compensation of our named executive officers. The proposal was approved. The results of voting were as follows: For Against Abstain Broker Non-Votes 32,526,630 2,937,741 115,809 3,978,639
View on SEC.gov
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