8-K
filed May 10, 2024, 7:59 PM ET
ticker BPOP
CIK 0000763901
leadership
confidence high
sentiment positive
materiality 0.55
Popular appoints Javier D. Ferrer as President; bylaw amendments separate CEO/President roles
POPULAR, INC.
- Javier D. Ferrer appointed President of Popular and subsidiaries; retains COO role effective May 9, 2024.
- Ferrer has been with Popular since 2014; previously EVP, Chief Legal Officer and General Counsel; oversaw strategic planning since 2019.
- Board approved amended by-laws to allow separate CEO and President roles; by-laws effective immediately on May 9, 2024.
- At annual meeting, all 13 director nominees elected; say-on-pay approved; PricewaterhouseCoopers ratified as auditor.
- Ferrer continues to report directly to CEO Ignacio Alvarez; oversees all business units in PR, mainland US, Virgin Islands.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Javier D. Ferrer was appointed as President at POPULAR, INC..
- Action
- appointed
- Role
- President
Exact text from the filing
On May 9, 2024, the Board of Directors of Popular, Inc. (“Popular” or the “Corporation”) appointed Javier D. Ferrer as President of Popular, in addition to his current role as Chief Operating Officer (“COO”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
POPULAR, INC.: Amended and restated by-laws to authorize a separate CEO role and make technical changes (effective 2024-05-09).
- Change
- bylaw amendment
- Effective
- 2024-05-09
Exact text from the filing
On May 9, 2024, the Board of Directors (the “Board”) of the Corporation approved and adopted the Corporation’s amended and restated by-laws (the “Restated By-laws”), which became effective immediately. The Restated By-laws include amendments to provide that the Board may appoint a Chief Executive Officer, whose office may be separate and distinct from the office of the President, and who shall have and may exercise such powers and duties as pertain to such office, or as from time to time may be conferred upon, or assigned to, such person by the Board.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
POPULAR, INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
Ratified the appointment of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for 2024. For Against Abstained Broker Non-Votes 64,033,165 1,430,919 321,365
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
POPULAR, INC. shareholders approved Advisory Vote to Approve Executive Compensation ("Say-on-Pay") at the 2024-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
Approved, on an advisory basis, the compensation of the Corporation’s Named Executive Officers. For Against Abstained Broker Non-Votes 59,056,767 2,341,815 385,346 4,001,521
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
POPULAR, INC. shareholders approved Election of Directors at the 2024-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-09
Exact text from the filing
Elected the following thirteen individuals to serve as directors for a one-year term until the Annual Meeting of Shareholders to be held in 2025 or until their successors are duly elected and qualified: For Against Abstain Broker Non-Vote Ignacio Alvarez 60,889,221 682,966 211,741 4,001,521 Alejandro M. Ballester 60,114,155 1,420,979 248,794 4,001,521 Robert Carrady 60,755,463 773,707 254,758 4,001,521 Richard L. Carrión 60,449,750 1,111,700 222,478 4,001,521 Bertil E. Chappuis 61,431,791 43,550 308,587 4,001,521 Betty DeVita 61,155,841 375,575 252,512 4,001,521 John W. Diercksen 60,630,404 897,799 255,725 4,001,521 María Luisa Ferré Rangel 60,051,182 1,517,504 215,242 4,001,521 C. Kim Goodwin 60,367,271 1,197,092 219,565 4,001,521 José R. Rodríguez 61,141,349 307,958 334,621 4,001,521 Alejandro M. Sánchez 61,130,393 396,281 257,254 4,001,521 Myrna M. Soto 60,327,545 1,180,362 276,021 4,001,521 Carlos A. Unanue 60,384,002 1,171,243 228,683 4,001,521
View on SEC.gov
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