Shareholders approve stock plan amendment; RSUs granted to executives

Customers Bancorp, Inc.

Shareholders approved increase in authorized shares under 2019 Stock Incentive Plan by 740,325 to 2,570,325.
Votes: 16,734,137 for, 8,678,837 against, 113,116 abstentions; shares outstanding 31,502,865.
Short-term annual performance RSUs: 216,372 units granted; CEO Jay S. Sidhu 50,748 RSUs (fair value $880,472).
Long-term incentive RSUs: 123,953 units; CEO Jay S. Sidhu 57,362 RSUs (fair value $1,000,967) including performance-based.
Class III directors Mackay, Way, Zuckerman elected; Deloitte & Touche ratified as auditor for FY2023.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Customers Bancorp, Inc. shareholders approved Ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023. at the 2023-05-30 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-30

Exact text from the filing

2. To ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023. FOR AGAINST ABSTAIN 27,485,450 1,139,425 19,398 There were no broker non-votes on the proposal.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Customers Bancorp, Inc. shareholders approved Approve a non-binding advisory resolution on executive officer compensation. at the 2023-05-30 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-05-30

Exact text from the filing

3. To approve a non-binding advisory resolution on executive officer compensation. FOR AGAINST ABSTAIN BROKER NON-VOTES 25,147,876 296,131 82,083 3,118,183

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Customers Bancorp, Inc. shareholders approved Election of three Class III directors of the Company to serve a three-year term. at the 2023-05-30 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-30

Exact text from the filing

1. To elect the following three Class III directors of the Company to serve a three-year term. FOR WITHHELD BROKER NON-VOTES Robert N. Mackay 23,025,458 42,136 3,118,183 T. Lawrence Way 19,085,182 16,203 3,118,183 Steven J. Zuckerman 23,155,416 16,250 3,118,183

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Customers Bancorp, Inc. shareholders approved Approve an amendment to the Company's 2019 Stock Incentive Plan. at the 2023-05-30 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-05-30

Exact text from the filing

4. To approve an amendment to the Company's 2019 Stock Incentive Plan. FOR AGAINST ABSTAIN BROKER NON-VOTES 16,734,137 8,678,837 113,116 3,118,183

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560 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Customers Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001488813-23-000063

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