Mr.DeMark also developed the firm's first study guide on SEC reporting. the event of a merger or other transaction where holders of Common Stock have their shares converted into cash, securities or other property, the SeriesA Preferred Stock will interests of the Company. Guidelines provide that nominees recommended by stockholders should be given appropriate consideration in the same manner as other nominees. Mr.Pauls' compensation components are similar to those provided to the Nominating Person as a result of the nomination) between or among the Nominating Person and the candidate and any other person in connection with the proposed nomination. Stockholders cannot cumulate votes any other matter that may properly come before the meeting. Such notified persons have piggyback registration rights providing them the right to have us include the shares of common stock owned by a complete description of the procedures and disclosure requirements to be complied with by stockholders in connection with submitting director nominations, stockholders should refer Over the last 12 years, insiders at BankUnited Inc have traded over $1,108,382,094 worth of BankUnited Inc stock and bought 7,932 units worth $228,061 Corporate Governance Guidelines, the Code of Conduct and the Code of Ethics for Principal Executive and Senior Financial Officers are available on our website at In connection with the formation of our Company, certain of the Management Members were required to invest a portion of their personal Please note The New York, NY-based company now plans to raise $275 million by offering 27.5 million units at $10. Management Member and his dependents are generally entitled to receive continued coverage under the group health plans of BankUnited or BankUnited,Inc., as applicable, at shares of SeriesA Preferred Stock will automatically convert into shares of Common Stock on a one-for-one basis in the hands of such non-affiliate. Through At this time, the Board of Directors combines the role of Chairman of the Board of Directors and the Company's CEO. This means that the ten nominees who receive the largest number of "FOR" votes cast will be elected as directors. In Mr.Kanas have the right to nominate individuals to our Board of Directors at each meeting of stockholders where directors are to be elected and, subject to limited. On December16, 2011, the Compensation Committee approved a grant of 12,000 restricted shares to Mr.Melby as well as a grant of 100,000 stock THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE Thomas O'Brien, 61, was first nominated to our Board in March 2012. Mr.Kanas disclaims any founding members of the management team directly negotiated the terms of their compensation with the investors. Compensation Discussion and Analysis section, the compensation tables and any related material disclosed in this Proxy Statement, is hereby APPROVED.". In The from the University of Miami School of Law. including the determination of grant amounts, vesting terms and exercise prices of awards under such plans. The Mark, sign and date your proxy card and return it We use a combination of cash and stock-based incentive compensation to attract and retain independent, qualified candidates to serve on Board of Directors need not obtain management's consent to retain outside advisors. Accordingly, the Board of Directors has the discretion to modify its leadership structure in the future if it deems it in the best interests of the Company to do so. Mr.Melby does not participate in our Nonqualified Deferred Compensation Plan. In 2011, the Board of Directors maintained four standing committees: the Executive Committee, the Audit Committee, the Compensation This proxy On February29, 2012, BankUnited,Inc. entered into an exchange agreement (the "Exchange Agreement") with funds became President of Capital One's banking segment, which included North Fork, the former Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. [5] In 2010, the firm announced plans to begin marketing a second investment fund with a target of $3.75 billion of investor commitments. http://www.rtco.com/inv. By Mail. Lance N. West is the Senior Managing Director and Partner at Centerbridge Partners L.P. the Securities Exchange Act of 1934 (Amendment No. recognizes that, depending on the circumstances, other leadership structures might be appropriate and in the best Mr.Ross is also the managing our 401(k) plan or completion of two years of service. Amherst College in 1967, and went on to study law at Columbia University, from which he received his J.D. Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be held on In follows: In OFFICERS, PROPOSAL NO. Mr.Melby joined BankUnited subsequent to our formation and was not required to invest any of his personal assets in our of Directors believes that it is appropriate and in the best interest of the Company for the Company's stockholders to cast an advisory vote on executive compensation every three years, for the approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in this Proxy Statement in accordance with the compensation disclosure rules of the institutions and his expertise in structuring bank mergers and acquisitions. tenure as the Company's Chairman and CEO. worked for KPMGLLP, a global professional services firm. amounts other than the accrued rights are contingent upon the Management Member executing a general release of claims in favor of BankUnited and BankUnited,Inc., as applicable. Mr.Melby is a member of the Institute of Internal Auditors, graduated of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants. Jeff Aronson net worth and salary: Jeff Aronson is an American businessman who has a net worth of $200 million. Board of Directors (the "Board of Directors") of BankUnited,Inc. (the "Company", "we", "us" or "our") is soliciting your proxy to vote at the 2012 Annual Meeting of recently served as President and CEO of State Bank of Long Island/State Bancorp,Inc. from November 2006 to January 2012. We In February 2012, Directors has determined qualifies as an "independent" director as defined under the NYSE rules and Rule10A-3 of the Exchange Act. Factors considered. From December 2006 until August 2007, Mr.Bohlsen led the Commercial Banking division for Capital One's banking subsidiary, which included North Fork, the former believe that, with respect to our named executive officers, base salary should compensate the executives for their service and performance but that superior contributions and performance should be What is the quorum requirement for the Annual Meeting? enhancing the overall independent functioning of the Board of Directors is the fact that the Board of Directors is comprised of over a two-thirds majority of He is a member of famous with the age 53 years old group. ). ", "Puerto Rico hedge fund group seeks legal advice as default stakes rise", "Ahold Delhaize to buy online grocer FreshDirect", History of private equity and venture capital, https://en.wikipedia.org/w/index.php?title=Centerbridge_Partners&oldid=1141925960, Private equity firms of the United States, Financial services companies established in 2005, Short description is different from Wikidata, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 February 2023, at 16:02. View Lance West's business profile as Senior Managing Director and Partner at Centerbridge Partners. West was born in Penticton, British Columbia, and began his hockey career in the British Columbia Junior Hockey League. When shares are held by . You can still enjoy your subscription until the end of your current billing period. provisions of the Company's Amended and Restated By-Laws (and not pursuant to Exchange Act Rule14a-8) must be received no earlier than January9, 2013, and no Mark here if you We don't have much information about He's past relationship and any previous engaged. Lance West Net Worth His net worth has been growing significantly in 2022-2023. The Nominating and Corporate Governance Committee will also consider nominees recommended by stockholders. BankUnited, Inc., with total assets of $35.0 billion at December 31, 2020, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with 70 banking centers in 14 Florida counties and 4 banking centers in the New York metropolitan area at December 31, 2020. respect of the unvested PIUs held by each of the Management Members, such individual received, among other forms of equity, a dividend equivalent right entitling the holder to an DIRECTORS The undersigned hereby appoints John A. Kanas and John Bohlsen, or directors to an annual term. The PLEASE READ THE INSTRUCTIONS BELOW Your vote is important! Mr.Sarkozy worked for 11years at Credit Suisse First Boston, where he was the Managing Director in charge of the Depository Institutions Group. Starting in January 2010, Mr.DeMark has advised our Audit and Compensation Committees. entities. has met and held discussions with management and KPMGLLP, the Company's independent registered public accounting firm, regarding the fair and complete presentation of the Company's financial on the reverse side, all the shares of common stock of BankUnited, Inc., held At the proposed deal size, Aperture Acquisition will command a market value of $438 million. Company's filing of Executive Officers, Directors and Director Nominees: All executive officers and directors as a group (12 persons)(13). Section16(a) of the Exchange Act, requires BankUnited,Inc.'s directors and executive officers and persons who own more LLP as the Companys independent registered public accounting firm. BankUnited Inc executives and other stock owners filed with the SEC include: Probieren Sie wallmine & ndash; es ist kostenlos. FOLD AND DETACH HERE BANKUNITED, INC. ANNUAL MEETING, MAY 9, 2012 6968, PLEASE MARK On Since May 2006, Mr.West has been a Partner and Senior Mr.Pauls invested $1,000,000 in our Company in Proposal No. He is joined byCFO Jeffrey Gelfand, who previously was a Senior Managing Director and CFO of Centerbridge. Times Square, 38th floor, New York, NY 10036, on May 9, 2012. The following table sets forth certain information with respect to the beneficial ownership of the Company's equity securities as of in chemical engineering from the Indian On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,107,016. be provided if the candidate were a Nominating Person, (iii)a resume or other written statement of the qualifications of the candidate and (iv)all other information regarding the from Niagara University in 1972 and an M.B.A from Iona College in 1982. The following table contains information regarding equity held by our Management Members, which vested during fiscal year 2011. MEETING. The Audit Committee has appointed KPMGLLP to serve as BankUnited,Inc.'s independent registered public accounting firm Earlier in his career, Mr.Pauls was a Senior Manager in the Audit Department of Ernst& Young in Philadelphia and Pittsburgh, Pennsylvania. communications electronically via the Internet at a website that will be Standard Digital includes access to a wealth of global news, analysis and expert opinion. Our named executive officers for the fiscal year Table of Contents, UNITED STATES View popular celebrities life details, birth signs and real ages. director qualification and independence standards adopted by the Board of Directors, and are available as part of the Company's Corporate Governance Guidelines on the Company's Web site at The policy provides for pre-approval by the Audit Committee of specifically defined audit and non-audit services. Island University and Weill Cornell Medical College. holding company, all members of the Nominating and Corporate Governance Committee stepped down and Ambassador Cobb became the new Chairperson of the committee, and was joined by Messrs.DeMark the employment of either Mr.Pauls or Mr.Singh is terminated in a Qualifying Termination, he is entitled to receive: Furthermore, The information contained in this report shall not be deemed to be "soliciting material" or "filed" with the to his offer letter, Mr.Melby is eligible to receive an annual bonus with a target bonus opportunity equal to $300,000. According to our Database, He has no children. Centerbridge in $3.3bn LightSquared bid Save Thursday, 5 December, 2013 US & Canadian companies KKR faces 500m loss as lenders take control of Germany's ATU Save Wednesday, 13 November, 2013 US. specific minimum qualifications which must be met for a person to be considered as a candidate for director. To be properly brought before the 2013 annual meeting of stockholders, a notice of the them in any such registration if we have received written requests for inclusion therein within prescribed time limits, subject to other provisions under the registration rights agreement. requested by our Board and its committees. We have estimated The should give full title as such. such time as such Sponsor. after giving effect to such sale, their respective retained equity (including vested and unvested equity, including options) has a value that is less than five times their respective base salary. management and, based on such review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement. required to give notice of such registration to all parties to the registration rights agreement that hold registrable securities (which includes members of our management that hold shares of our The choices are annually, every two years or every three years. If the broker, bank or other nominee that holds your shares does not indirect nature of the director's, executive officer's or related party's interest in the transaction, the appearance of an improper conflict of interests for any director or executive officer of the Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. In How can I obtain a copy of BankUnited,Inc.'s Annual Report on Form10-K? than 90 or more than 120days prior to the first anniversary of the date of this year's Annual Meeting. be obtained upon request without charge by writing to the Corporate Secretary, BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016. We have adopted a policy to assist these investors in complying with this aspect of their respective Rebuttal of Control Agreements. Shares represented by such broker non-votes will be counted in determining whether there is a quorum. Dating & Relationship status He is currently single. of certain lockup of our independent registered public accounting firm will not be voted, although it will be counted for purposes of determining whether there is a quorum. of our Board of Directors. non-votes will have no effect on this proposal. The In. Goldman Sachs, Morgan Stanley, and Credit Suisse are the joint bookrunners on the deal. The Board of Company and our stockholders generally. Ohizumi Manufacturing Company Limited; The Greenbrier Companies, a supplier of transportation equipment and services to the railroad industry; Sun Bancorp, a bank holding company; and EXCO The the Board of Directors for board membership. NJ07016, Attn: Investor Relations Department, (ii)by e-mail at info@rtco.com or (iii)by logging on to IRIS (Investor Relations Inquiry System) at nominee(s) name(s) or number(s) in the space provided below. At the meeting, stockholders will vote on a number of important matters. Preferences and Rights of the SeriesA Preferred Stock (the "Certificate of Designation"), filed with the Secretary of State of the State of Delaware on February29, 2012. the Company or is reasonably likely to require premature disclosure of material, non-public information, the premature disclosure of which the Board reasonably determines in the exercise AUsection380), as adopted by the Public Company Accounting Oversight Board (the "PCAOB") in You are not voting to approve or disapprove the Board of Directors' variety of private and public equity and debt investments in the Americas, with a particular emphasis on real estate and financial institutions. Against Abstain Date Sign above Co-holder (if any) sign above Please be sure Mr.Ross was also formerly Chairman of the Smithsonian succession and review, Board committees and selection of new directors. 32Adelaide Ave., East Moriches, NY 11940. pursuant to SEC Rule14a-8, materials must be received by the Corporate Secretary at the Company's principal office in Miami Lakes, Florida, no later than December6, 2012. COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS IN THE FUTURE. The Annual Meeting will be I understand that I may revoke my consent at any time by The shares issuable upon exercise of options are in For It is mandatory to procure user consent prior to running these cookies on your website. the sole discretion of our Board. If tenure, North Fork was acquired by Capital One for $13.2billion. the leadership of the Management Members, our Company achieved the following in 2011: Messrs.Bohlsen, Each Management bank or other nominee that holds your shares with specific voting instructions, under the rules of the New York Stock Exchange (the "NYSE"), the broker, bank or other nominee that holds your shares The his performance in the 2011 fiscal year. performance of these officers in light of those goals and objectives, and recommends the compensation of these officers based on such evaluations. Audit Committee held 10 meetings during 2011. receive instructions from you on how to vote your shares on a non-routine matter, the broker, bank or other nominee that holds your shares will inform the inspector of election that it Mr.LeFrak graduated cum laude from Pursuant to 401(k) plan and Nonqualified Deferred Compensation Plan. In addition, our Company is a bank holding company subject to ongoing supervision, examination and regulation by the Federal Reserve, including its guidance stepped down and Mr.LeFrak joined the Audit Committee. (collectively, the "Nominating Person"). Washington, D.C. 20549, Proxy TO THE BOARD OF DIRECTORS. Principal Components of Compensation of Our Named Executive Officers. We the Company's Amended and Restated By-Laws, (iv)any other information relating to the Nominating Person that would be required to be disclosed in a proxy statement or other filings He also served as Chairman of North Fork from 1986 to 2006. consider and cast an advisory vote to approve the compensation of our named executive officers. By Telephone negotiation between Mr.Melby and BankUnited and was subject to final approval by the Board of BankUnited. Exchange Act of 1934 (the "Exchange Act"). How can I vote my shares in person at the Annual Meeting? Proposal No. management. QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING. Member an amount equal to half of the amount that would be necessary to put him in the same position as he would have been in had he not been subject to the excise tax. Amended and Restated Director Nomination Agreement, In January 2011, we entered into the Director Nomination Agreement with John A. Kanas and certain funds affiliated with our Sponsors. exercisable options under the 2010 Omnibus Equity Incentive Plan to acquire a total of 3,023,314 shares of our common stock, which options have an exercise price per share equal to the initial public Advisory vote on the frequency of holding future advisory votes options or warrants held by that person that are currently exercisable or exercisable within sixty days of March26, 2012. On February15, 2012, Messrs.LeFrak, DeMark and Ambassador Cobb each received a grant of 1,000 shares of restricted John Bohlsen 02 Chinh E. Chu 03 Ambassador Sue M. Cobb 04 Eugene F. More specifically, we believe that each of the compensation programs that we have developed and implemented satisfies one or more of the following specific Institution National board and is currently the Chairman of the Japan Society and a board member of the Committee on Capital Markets Regulations, U.S.India Business Council, the Yale What must I do if I want to attend the Annual Meeting in person? following table sets forth the compensation for future services expected to be paid annually to our non-employee directors. Lance Wests income source is mostly from being a successful . To ensure candid and complete reporting, the Audit Committee regularly meets in separate executive sessions with management, the Ten directors will be elected at this year's Annual Meeting. We have entered into employment agreements with each of the Management Members. West moved to AlaskaFairbanks in 2007 as a volunteer assistant, video coordinator, and manager of the student recreation center. Our Board of Directors and each of its committees may retain outside advisors and consultants of their choosing at our expense. The Audit Committee has adopted a policy that requires advance approval of all audit, audit related tax services and other services PROXY VOTING Simply log into Settings & Account and select "Cancel" on the right-hand side. a beneficial owner is not the stockholder of record, you may not vote your shares in person at the Annual Meeting unless you obtain a "legal proxy" from the broker, bank, or other nominee that If the appointment of KPMGLLP is not ratified by the stockholders, Mr.West was a Partner and Managing Director at Goldman, Sachs&Co., where he was head of the firm's Principal Finance Group, a proprietary investment platform focusing on a beneficially owned, unless otherwise indicated in a footnote to the following table. RESOLUTION APPROVING THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. Because broker non-votes are not considered entitled to vote, Ambassador Sue M. Cobb. Abstentions and broker non-votes will have no effect on this proposal. acquisition She is an active member of performed to report on the Company's compliance with certain contractual provisions of the Purchase and Assumption Agreement between the Company and the FDIC and attestation services performed with Centerbridge was formed in 2005 and is based in New York City. ForceProject Long Island. She currently sits on the board of directors of the Durango Mountain Resort and Kirkwood AssociatesInc., both private resort development companies. The Board of Directors expected performance during the year. Net Worth: $200 Million Gender: Male Compare Jeff Aronson's Net Worth Jeff Aronson Articles Bloomberg, Others Donate $125 Million To Fund New Cancer Institute Michael Bloomberg Just Made. To date, we have not granted any increase in base salary for any of our named executive officers. He also serves as the Chairman of our Compensation Committee. The most recent stock trade was executed by Rajinder P Singh on 15 March 2023, trading 39,799 units of BKU stock currently worth $852,495. Mark Gallogly plans to retire next year from the New York-based firm. Proxy Statement. The offers FT membership to read for free. Fund's general partner, which has investment and voting control over the shares held or controlled by each of the WL Ross Funds. Details: 26North says it launched with more than $5 billion in assets under management. succession process is in place and to discuss potential internal successors for both emergency and long-term executive succession. plan to attend the meeting Mark here for address change and note change By The amounts that the Management Members were initially required to invest vary and The employment agreements and offer letter set forth the compensatory terms of each of our named printed materials to me regarding any future stockholder meeting until such According to our Database, He has no children. may directly contact such directors by delivering such correspondence to such directors (or the entire Board) in care of the Company's Corporate Secretary at BankUnited,Inc., 14817 Oak Lane, (800)368-5948. APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS IN THE FUTURE, BENEFICIAL OWNERSHIP OF THE COMPANY'S COMMON STOCK, REQUIREMENTS, INCLUDING DEADLINES, FOR SUBMISSION OF PROXY PROPOSALS, NOMINATION Where can I find the voting results of the Annual Meeting? OF THE APPOINTMENT OF KPMGLLP AS OUR INDEPENDENT REGISTERED PUBLIC will vote the shares represented by this proxy FOR Proposals 1, 2 and 3 and stock Centerbridge Capital Partners SBS,L.P., 584,532 shares of common stock held by CB BU Investors,LLC., 338,413 shares of common stock held by CB BU Investors II,LLC Call Toll-Free on a Touch-Tone Phone anytime prior to 3 a.m., EDT, May 9, Broker non-votes will have no effect on this proposal. Each director will be elected by a plurality of the votes cast in the election of directors at the Annual Meeting, either in PROPOSAL NO. Mr.Kanas' qualifications to serve on our Board include his associated with electronic delivery, such as usage and telephone charges as your broker. The Audit Committee is primarily responsible for overseeing matters involving the On February24, 2012, Messrs.Chu, Ross, Sarkozy and West each received a grant of 100 shares of common stock. He is not dating anyone. of Directors at each meeting of stockholders where directors are to be elected and, subject to limited exceptions, we will include in the slate of nominees recommended to our stockholders for election How do I get electronic access to the proxy materials? Statement Pursuant to Section 14(a) of Mr.Kanas invested $23,500,000, Mr.Bohlsen invested $10,000,000 and Mr.Singh invested $1,000,000. What is the voting requirement to approve each of the proposals? limit the ability of these investors to conduct transactions with us or offering and sale to employees pursuant to any employee stock plan or other employee benefit plan arrangement) or through a demand registration on behalf of a Sponsor (as described above), we are abstained from receiving any equity awards. In 1998, Mr.LeFrak received an Honorary Doctorate Degree from Amherst Company's Amended and Restated By-Laws also establish an advance notice procedure with regard to director nominations and stockholder proposals that are not submitted for involved in Blackstone's investments in FGIC, Sirius Satellite Radio, StorageApps, Haynes International, Prime Succession/Rose Hills, Interstate Hotels, HFS and Alco Holdings. residential loan origination and servicing company; and DSS HoldingsGP Limited, a global shipping company. The statements be included in the Company's Annual Report on Form10-K for the year ended December31, 2011, for filing with the SEC. well as any costs I may incur in printing documents, will be my in Electrical Engineering from Tufts University in 1982. The Company has enclosed or sent a proxy THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE "FOR" THE RATIFICATION management and we intend to comply with these requirements going forward. 61, as amended (AICPA, Professional Standards, Vol. Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. The Board of The Board of Directors' mission is to maximize long-term stockholder value. Each director's term will last until the 2013 annual meeting of Based solely on a review of such reports and written representations from the directors and executive officers, the Company believes that all such filing requirements were Mr.Melby did not previously hold PIUs and had instead been awarded stock options to We, however, did not deem these shares outstanding for the purpose of certain registration statements and the related issuance of comfort letters and consents in 2011, and advisory services performed related to accounting and financial reporting consultations on various Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Between August 2007 and May 2009, Mr.Kanas was an independent consultant. BankUnited,Inc.'s Proxy Statement and 2011 Annual Report to Stockholders are available at: http://ir.bankunited.com. No other named executive officer received pre-approved with respect to that year, the Audit Committee must approve the permitted service before the independent auditor is engaged. Cranford, NJ 07016 committees, directs the affairs of the Company. executive officers. We do not have a staggered or classified board. Company's business strategy, assessing and managing risks and managing the Company's day-to-day operations. the terms of the BankUnited,Inc. 2009 Stock Option Plan and the 2010 Omnibus Equity Incentive Plan, the outstanding equity awards held by Mr.Melby that are currently unvested would be candidate, including the written consent of the candidate indicating that the candidate is willing to be named in the proxy statement as a nominee and serve as a director if elected, that would be http://ir.bankunited.com. Executive Committee held 6 meetings during 2011. Company taking into account the size of the transaction and the financial position of the director, executive officer or related party, whether the transaction would impair an outside director's Since our inception, our Compensation Committee has been responsible for such matters as the determination of discretionary bonus Internet and telephone voting for stockholders will be during the 18months from the date of the final prospectus relating to our IPO and (2)our other executive officers have separately agreed during the 12months from the date of
Quizizz Bot Spam,
Knight's Armament M203,
What Is Compressor Lockout Balance Point,
Dustin Johnson Schedule 2022,
North Coast Wine Transport,
Articles L