secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001504008-23-000016
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BankUnited extends CEO Singh's contract to Dec 2025, raises base salary to $1.05M
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- Contract term extended through Dec 31, 2025, with auto-renewal from Jan 1, 2026.
- Base salary increased from $1,000,000 to $1,050,000, retroactive to Jan 1, 2023.
- Non-compete restricted to 18 months and Florida-focused depository institutions.
- Annual bonus payout deadline moved to March 15 following performance period.
- Change-in-control provision extended to two years; legal fee reimbursement added.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000016/0001504008-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000016/bku-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001504008-23-000016

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