8-K
filed May 27, 2026, 4:08 PM ET
ticker WBS
CIK 0000801337
M&A
confidence high
sentiment positive
materiality 0.90
Webster Financial stockholders approve acquisition by Banco Santander with 98.9% support
WEBSTER FINANCIAL CORP
- 115,788,667 votes for, 1,279,203 against, 192,086 abstain on the Transaction Proposal; quorum 72.3% of 162,048,996 shares.
- Advisory compensation proposal approved with 68,045,455 for and 48,130,845 against (58.6% of votes cast).
- Adjournment proposal approved but not needed; special meeting concluded without adjournment.
- Transaction Agreement dated Feb 3, 2026; deal is cash and stock from Banco Santander.
- Closing remains subject to regulatory approvals and other customary conditions.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WEBSTER FINANCIAL CORP shareholders approved Proposal to approve the adjournment or postponement of the Special Meeting, if necessary or appropriate, to solicit additional proxies at the 2026-05-26 meeting.
- Outcome
- passed
- Meeting
- 2026-05-26
Exact text from the filing
Proposal 3 — Proposal to approve the adjournment or postponement of the Special Meeting, if necessary or appropriate, to solicit additional proxies if, immediately prior to such adjournment, there are not sufficient votes to approve the Transaction Proposal or to ensure that any supplement or amendment to the accompanying document is timely provided (the “Adjournment Proposal”) FOR AGAINST ABSTAIN 114,010,089 2,963,510 286,357
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WEBSTER FINANCIAL CORP shareholders approved Proposal to approve, on an advisory (non-binding) basis, the compensation payments that will or may be paid to the Company’s named executive officers in connection with the Transaction at the 2026-05-26 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2026-05-26
Exact text from the filing
Proposal 2 — Proposal to approve, on an advisory (non-binding) basis, the compensation payments that will or may be paid to the Company’s named executive officers in connection with the Transaction (the “Compensation Proposal”) The Company’s stockholders approved, on an advisory (non-binding) basis, the Compensation Proposal as set forth below: FOR AGAINST ABSTAIN 68,045,455 48,130,845 1,083,656
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
WEBSTER FINANCIAL CORP shareholders approved Proposal to approve and adopt the Transaction Agreement and the transactions contemplated thereby at the 2026-05-26 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2026-05-26
Exact text from the filing
Proposal 1 — Proposal to approve and adopt the Transaction Agreement and the transactions contemplated thereby (the “Transaction Proposal”) The Company’s stockholders approved the Transaction Proposal as set forth below: FOR AGAINST ABSTAIN 115,788,667 1,279,203 192,086
View on SEC.gov
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