secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CITIZENS BANCSHARES INC /DE/ (FCNCA)
CIK:        0000798941
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000798941-23-000023
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve doubling authorized Class A and preferred shares, add officer exculpation
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- Class A common authorized shares increased from 16M to 32M; approved by 27.2M votes (common and Class B combined).
- Preferred stock authorized shares increased from 10M to 20M; approved with 18.4M votes for.
- Delaware officer exculpation amendment adopted with 22.9M votes for.
- All 13 director nominees elected; say-on-pay approved (22.9M for); frequency set to every year.
- KPMG ratified as independent auditor for 2023 with 27.5M votes for.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798941/000079894123000023/0000798941-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798941/000079894123000023/fcnca-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000798941-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer