---
schema_version: "secwatch.filing_event.v1"
accession: "0001488813-23-000063"
form_type: "8-K"
ticker: "CUBI"
cik: "0001488813"
company_name: "Customers Bancorp, Inc."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:17:38.203041+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shareholders approve stock plan amendment; RSUs granted to executives

## Summary
- 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.

## SEC filing metadata
- accession: 0001488813-23-000063
- form_type: 8-K
- ticker: CUBI
- cik: 0001488813
- company_name: Customers Bancorp, Inc.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/0001488813-23-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/cubi-20230530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001488813-23-000063
- JSON: https://secwatch.observer/filing/0001488813-23-000063.json
- Plain text: https://secwatch.observer/filing/0001488813-23-000063.txt

## Key facts
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/0001488813-23-000063-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/0001488813-23-000063-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/0001488813-23-000063-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/0001488813-23-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.