8-K
filed May 19, 2023, 7:59 PM ET
ticker BBT
CIK 0001108134
other material
confidence high
sentiment positive
materiality 0.35
All proposals approved with at least 97% support at Berkshire Hills annual meeting
Beacon Financial Corp
- All 12 director nominees elected; say-on-pay approved with 35.9M votes for vs. 635.9K against.
- Ratification of Crowe LLP as auditor approved with 40.97M votes for; annual say-on-pay frequency set at one year.
- Quorum of 41.3M shares (93% of outstanding) present; CEO highlighted BEST program progress and credit quality.
- Moody's affirmed A3 deposit rating; KBRA affirmed ratings without change, citing financial strength.
- CEO noted new business opportunities from market disruption and commitment to disciplined credit posture.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Beacon Financial Corp shareholders approved Election of Directors at the 2023-05-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
The shareholders elected each nominee to serve as a director of the Company for a term of one year.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Beacon Financial Corp shareholders approved Advisory vote on frequency of future shareholder votes on executive compensation at the 2023-05-18 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
The shareholders voted, on a non-binding, advisory basis, on the frequency of future shareholder votes on the Company’s executive compensation as follows: One Year Two Years Three Years Abstain Broker Non-Votes 33,376,723 42,666 3,227,967 44,717 4,633,752
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Beacon Financial Corp shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
The shareholders gave advisory approval of the compensation of the Company’s named executive officers as disclosed in the proxy statement.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Beacon Financial Corp shareholders approved Ratification of appointment of Crowe LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
The shareholders ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for fiscal year 2023.
View on SEC.gov
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