other material
confidence high
sentiment neutral
materiality 0.60
Customers Bancorp shareholders approve 750k-share increase to stock incentive plan; elect directors
Customers Bancorp, Inc.
- Shareholders approved amendment to 2019 Stock Incentive Plan increasing authorized shares by 750,000 to 3,320,325 (29% increase); vote 15.5M for, 9.8M against.
- Re-elected Class I directors Jay S. Sidhu, Robert J. Buford, and Rajeev V. Date for three-year terms with over 23M votes for each.
- Ratified Deloitte & Touche as independent auditor for fiscal 2024: 27.5M for, 113k against, no broker non-votes.
- Advisory say-on-pay approved (24.7M for, 586k against); shareholders chose one-year frequency for future advisory votes.
- Broker non-votes of approximately 2.26M shares on director elections, say-on-pay, and plan amendment.