8-K
filed May 15, 2023, 7:59 PM ET
ticker UBSI
CIK 0000729986
other
confidence high
sentiment neutral
materiality 0.15
United Bankshares shareholders elect 14 directors, ratify EY, approve say-on-pay
UNITED BANKSHARES INC/WV
- All 14 director nominees elected; Jerold L. Rexroad resigned prior to meeting, board reduced to 14.
- Ratification of Ernst & Young as auditor for 2023: 117.3M for, 2.4M against.
- Advisory vote on executive compensation approved: 101.1M for, 1.9M against.
- Advisory vote on frequency: 94.2M voted for 1-year; company will hold annual say-on-pay.
- Broker non-votes: 16.2M on each director and advisory proposals.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNITED BANKSHARES INC/WV shareholders approved Approval, on an advisory basis, the compensation of United’s named executive officers at the 2023-05-10 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Proposal 3. Approval, on an advisory basis, the compensation of United’s named executive officers: For Against Abstentions Broker Non-Votes Votes Uncast 101,082,383 1,898,292 731,133 16,178,783 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNITED BANKSHARES INC/WV shareholders approved Election of fifteen (15) persons to serve as directors — reduced to fourteen nominees at the 2023-05-10 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Proposal 1. Election of Directors: Votes For Votes Withheld Abstentions Broker Non-Votes Votes Uncast Richard M. Adams 100,054,219 3,638,594 — 16,178,783 18,995 Richard M. Adams, Jr. 100,768,301 2,924,512 — 16,178,783 18,995 Charles L. Capito, Jr. 102,117,610 1,575,203 — 16,178,783 18,995 Peter A. Converse 100,776,238 2,916,575 — 16,178,783 18,995 Michael P. Fitzgerald 100,852,278 2,840,535 — 16,178,783 18,995 Dr. Patrice A. Harris 101,124,698 2,568,115 — 16,178,783 18,995 Diana Lewis Jackson 102,277,023 1,415,790 — 16,178,783 18,995 J. Paul McNamara 81,900,967 21,791,846 — 16,178,783 18,995 Mark R. Nesselroad 100,216,217 3,476,596 — 16,178,783 18,995 Lacy I. Rice, III 102,265,278 1,427,535 — 16,178,783 18,995 Albert H. Small, Jr. 102,310,769 1,382,044 — 16,178,783 18,995 Mary K. Weddle 100,764,861 2,927,952 — 16,178,783 18,995 Gary G. White 99,347,857 4,344,956 — 16,178,783 18,995 P. Clinton Winter 99,235,647 4,457,166 — 16,178,783 18,995
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNITED BANKSHARES INC/WV shareholders approved Ratification of the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-10 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Proposal 2. Ratification of the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023: For Against Abstentions Broker Non-Votes Votes Uncast 117,261,781 2,420,478 208,332 — —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
UNITED BANKSHARES INC/WV shareholders approved Approval of a non-binding advisory proposal on the frequency of future advisory shareholder votes on the compensation of United’s named executive officers at the 2023-05-10 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Proposal 4. Approval of a non-binding advisory proposal on the frequency of future advisory shareholder votes on the compensation of United’s named executive officers: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes Votes Uncast 94,163,101 585,300 7,956,972 1,006,435 16,178,783 —
View on SEC.gov
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