secwatch.observer — SEC 8-K summary
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Issuer:     Customers Bancorp, Inc. (CUBI)
CIK:        0001488813
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001488813-24-000061
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Customers Bancorp shareholders approve 750k-share increase to stock incentive plan; elect directors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488813/000148881324000061/0001488813-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488813/000148881324000061/cubi-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001488813-24-000061

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