secwatch.observer — SEC 8-K summary
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Issuer:     Customers Bancorp, Inc. (CUBI)
CIK:        0001488813
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001488813-23-000063
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve stock plan amendment; RSUs granted to executives
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/0001488813-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488813/000148881323000063/cubi-20230530.htm
  HTML page:      https://secwatch.observer/filing/0001488813-23-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer