8-K
filed May 17, 2024, 7:59 PM ET
ticker BBT
CIK 0001108134
other
confidence high
sentiment neutral
materiality 0.30
All 11 director nominees elected, say-on-pay approved at Berkshire annual meeting
Beacon Financial Corp
- Quorum of ~91% of outstanding shares present; all proposals received at least 96% shareholder support.
- CEO Mhatre cited 10% operating return on tangible common equity and a year-over-year dividend increase in 2023.
- Retiring directors Baye Adofo-Wilson and Michael Zaitzeff acknowledged; new directors elected for one-year term.
- Crowe LLP ratified as independent registered public accounting firm for fiscal 2024.
Machine-readable event card
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- Beacon Financial Corp
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- 2024-05-17T23:59:59+00:00
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- https://www.sec.gov/Archives/edgar/data/1108134/000094337424000183/0000943374-24-000183-index.htm
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- https://www.sec.gov/Archives/edgar/data/1108134/000094337424000183/form8k_051624.htm
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Source-grounded claims
15e047d6b81a4069a394e3787d5e89a77df6cc85
Beacon Financial Corp shareholders approved Ratification of the appointment of the Company’s Independent Registered Public Accounting Firm at the 2024-05-16 meeting.
The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
SEC 8-K Item 5.07
confidence 0.95
SEC evidence
5a3f570b90a1771a850058f2e6e12322aa73d12a
Beacon Financial Corp shareholders approved An advisory vote on the Company’s executive compensation practices at the 2024-05-16 meeting.
The shareholders gave advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement. The results of the shareholder vote on Proposal 2 were as follows: For Against Abstain Broker-Non Votes 33,247,339 1,315,857 139,228 4,786,738
SEC 8-K Item 5.07
confidence 0.95
SEC evidence
7ccc252ff65bd5ced54b08e537c61dab00ebc342
Beacon Financial Corp shareholders approved Election of Directors at the 2024-05-16 meeting.
The shareholders elected each nominee to serve as a director of the Company for a term of one year. The results of the shareholder vote on Proposal 1 were as follows: For Withheld Broker Non-Votes David M. Brunelle 33,732,971 969,453 4,786,738
SEC 8-K Item 5.07
confidence 0.95
SEC evidence
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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To elect ten members of the Board of Directors to serve until the next Annual Meeting of Shareholders or until their successors are duly elected and qualified. Number of Votes For Withheld Non-Vote Nicolas C. Anderson 10,405,859 784,544 1,932,287 Russell A. Colombo 7,509,925 3,680,478 1,932,287 Charles D. Fite 10,810,421 379,982 1,932,287 Cigdem F. Gencer 10,818,514 371,888 1,932,287 James C. Hale 10,912,128 278,274 1,932,287 Kevin R. Kennedy 10,974,404 215,998 1,932,287 Timothy D. Myers 10,691,557 498,846 1,932,287 Joel Sklar, MD 10,985,406 204,997 1,932,287 Brian M. Sobel 10,859,501 330,902 1,932,287 Secil T. Watson 10,256,810 933,593 1,932,287
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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3. The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 as follows: Votes For Votes Against Abstain Broker Non-Votes 153,317,363 10,957,104 59,863 —
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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· Proposal 3 — To consider and vote upon a proposal to approve, on an advisory (non-binding) basis, the compensation of our named executive officers (the “say-on-pay vote”): Votes For Votes Against Votes Abstained Broker Non-Votes 8,208,462 1,323,885 1,011 577,920
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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Proposal 3: The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2026 was ratified. FOR 35,733,652 AGAINST 1,056,147 ABSTAIN 112,887 BROKER NON-VOTES N/A
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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Proposal No. 2: The ratification of the appointment Erns t & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026.
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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The non-binding advisory vote to approve the compensation of the Company's named executive officers was approved as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 54,903,698 6,239,017 112,972 11,665,236
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2024. The results of the shareholder vote on Proposal 3 were as follows: For Against Abstain Broker Non-Votes 38,844,294 581,350 63,518 0
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