8-K
filed April 20, 2023, 7:59 PM ET
ticker MTB
CIK 0000036270
leadership
confidence high
sentiment neutral
materiality 0.35
M&T Bank CFO transition set for June 1; Richard Gold retires as president/COO
M&T BANK CORP
- Richard S. Gold retired as president/COO effective April 18, 2023; continues on M&T Bank board.
- Daryl Bible appointed CFO effective June 1, 2023; current CFO Darren King to oversee retail, business banking, mortgage, consumer lending.
- Shareholders elected 17 directors; all management proposals approved including say-on-pay and equity incentive plan amendment.
- Say-on-pay frequency set to annual; PwC ratified as auditor for 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.8
Darren King changed role as other_named_officer at M&T BANK CORP.
- Action
- assumed expanded responsibilities
Exact text from the filing
Darren King, M&T’s current CFO, will assume an expanded set of responsibilities to include oversight of a portfolio of businesses, including retail and business banking, mortgage, and consumer lending.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard S. Gold retired as President and Chief Operating Officer at M&T BANK CORP.
- Action
- retired
- Role
- President and Chief Operating Officer
Exact text from the filing
Richard S. Gold retired as M&T’s president and chief operating officer, effective April 18, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daryl Bible was appointed as Chief Financial Officer at M&T BANK CORP.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Daryl Bible will join M&T as Chief Financial Officer ("CFO") in the second quarter of 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
M&T BANK CORP shareholders approved the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of M&T for the year ending December 31, 2023 at the 2023-04-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
The following table reflects the tabulation of the final votes with respect to the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of M&T for the year ending December 31, 2023 (Proposal 5): For Against Abstain Broker Non-Votes 143,295,182 6,427,295 265,844 Not Applicable
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
M&T BANK CORP shareholders approved the election of seventeen (17) directors of M&T, for one-year terms and until their successors are elected and qualified at the 2023-04-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
The following table reflects the tabulation of the final votes with respect to each director who was elected at the Annual Meeting (Proposal 1): Nominee For Against Abstain Broker Non-Votes John P. Barnes 131,028,327 3,583,774 247,912 15,127,817 Robert T. Brady 116,740,150 17,787,506 332,357 15,127,817 Carlton J. Charles 133,116,553 1,412,564 330,896 15,127,817 Jane Chwick 132,934,212 1,595,630 330,170 15,127,817 William F. Cruger, Jr. 133,121,328 1,412,775 325,911 15,127,817 T. Jefferson Cunningham III 130,159,234 4,359,368 341,411 15,127,817 Gary N. Geisel 128,678,443 5,840,036 341,534 15,127,817 Leslie V. Godridge 133,679,368 857,288 323,357 15,127,817 René F. Jones 127,319,172 6,789,857 750,984 15,127,817 Richard H. Ledgett, Jr. 133,538,772 987,015 334,226 15,127,817 Melinda R. Rich 130,644,594 3,910,392 305,028 15,127,817 Robert E. Sadler, Jr. 130,734,783 3,809,105 316,125 15,127,817 Denis J. Salamone 131,556,747 2,958,331 344,935 15,127,817 John R. Scannell 128,893,964 5,621,292
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
M&T BANK CORP shareholders approved the approval to hold future advisory votes on the compensation of M&T’s Named Executive Officers annually at the 2023-04-18 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
The following table reflects the tabulation of the final votes with respect to the proposal on the frequency of holding future advisory votes on the compensation of M&T’s Named Executive Officers (Proposal 3). M&T’s Board of Directors (the “Board”) unanimously recommended that the advisory vote on the compensation of M&T’s Named Executive Officers occur annually as a corporate governance best practice, and M&T will include such a shareholder vote every year in its proxy materials until at least the next required vote on the frequency of such votes. Every One Year Every Two Years Every Three Years Abstain Broker Non-Votes 131,434,233 340,782 2,704,183 379,825 15,127,817
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
M&T BANK CORP shareholders approved the approval of the amendment and restatement of the M&T Bank Corporation 2019 Equity Incentive Compensation Plan at the 2023-04-18 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
The following table reflects the tabulation of the final votes with respect to approval of the amendment and restatement of the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (Proposal 4): For Against Abstain Broker Non-Votes 128,486,800 5,811,576 562,128 15,127,817
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
M&T BANK CORP shareholders approved the approval of the 2022 compensation of M&T’s Named Executive Officers at the 2023-04-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-18
Exact text from the filing
The following table reflects the tabulation of the final votes with respect to the approval of the 2022 compensation of M&T’s Named Executive Officers (Proposal 2): For Against Abstain Broker Non-Votes 125,262,973 8,866,177 731,354 15,127,817
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.