![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Valley National Bancorp | NASDAQ:VLYPP | NASDAQ | Preference Share |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.83% | 24.00 | 24.05 | 24.40 | 24.23 | 24.00 | 24.23 | 1,124 | 15:20:42 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 1, 2020
VALLEY NATIONAL BANCORP
(Exact Name of Registrant as Specified in Charter)
New Jersey | 1-11277 | 22-2477875 |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
One Penn Plaza, New York, New York | 10119 |
(Address of Principal Executive Offices) | (Zip Code) |
(973) 305-8800
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, no par value | VLY | The Nasdaq Stock Market LLC |
Non-Cumulative Perpetual Preferred Stock, Series A, no par value | VLYPP | The Nasdaq Stock Market LLC |
Non-Cumulative Perpetual Preferred Stock, Series B, no par value | VLYPO | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.07 | Submission of Matters to a Vote of Security Holders. |
The Company held its Annual Meeting of Shareholders on May 1, 2020. On the record date of March 11, 2020, there were 403,748,667 shares of the Company’s common stock outstanding. A total of 358,819,133 shares were present or represented by proxy at the meeting. The Company’s shareholders took the following actions:
Proposal #1 – Voted on the election of 12 persons, named in the Proxy Statement, to serve as directors of the Company for the ensuing year constituting the entire Board of Directors. The following is a list of directors elected at the Annual Meeting with the number of votes “For”, “Against”, “Abstain” and “Broker Non-Votes”, as well as the percentage of votes cast “For” each director nominee.
Number of Votes | |||||||||||||||
Name | For | % For | Against | Abstain |
Broker Non-
Votes |
||||||||||
Andrew B. Abramson | 274,889,425 | 96.19 | 10,881,976 | 613,907 | 72,433,825 | ||||||||||
Peter J. Baum | 280,232,622 | 98.06 | 5,524,627 | 628,059 | 72,433,825 | ||||||||||
Eric P. Edelstein | 279,036,679 | 97.64 | 6,726,076 | 622,553 | 72,433,825 | ||||||||||
Graham O. Jones | 270,821,438 | 94.80 | 14,836,799 | 727,071 | 72,433,825 | ||||||||||
Marc J. Lenner | 276,500,908 | 96.76 | 9,245,201 | 639,199 | 72,433,825 | ||||||||||
Kevin J. Lynch | 277,934,217 | 97.32 | 7,643,332 | 807,759 | 72,433,825 | ||||||||||
Peter V. Maio | 283,278,822 | 99.14 | 2,441,638 | 664,848 | 72,433,825 | ||||||||||
Ira Robbins | 275,447,016 | 96.55 | 9,833,049 | 1,105,243 | 72,433,825 | ||||||||||
Suresh L. Sani | 278,278,601 | 97.39 | 7,446,615 | 660,092 | 72,433,825 | ||||||||||
Lisa J. Schultz | 281,464,843 | 98.48 | 4,330,760 | 589,705 | 72,433,825 | ||||||||||
Jennifer W. Steans | 281,087,560 | 98.37 | 4,653,663 | 644,085 | 72,433,825 | ||||||||||
Jeffrey S. Wilks | 266,851,472 | 93.40 | 18,842,687 | 691,149 | 72,433,825 |
Proposal #2 – Ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2020. The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:
Number of
Votes |
Percentage | |||||
For | 355,126,678 | 99.21 | ||||
Against | 2,824,171 | 0.78 | ||||
Abstain | 868,284 | |||||
Broker Non-Votes | 0 |
Proposal #3 – Approved, on a non-binding basis, the compensation of the Company’s named executive officers as determined by the Compensation and Human Resources Committee. The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:
Number of
Votes |
Percentage | |||||
For | 275,585,998 | 96.83 | ||||
Against | 9,013,425 | 3.16 | ||||
Abstained | 1,785,885 | |||||
Broker Non-Votes | 72,433,825 |
Proposal #4 – Approved an amendment to the Company’s Restated Certificate of Incorporation to increase the number of authorized shares of the Company’s common stock. The number of shares voted “For” and “Against” this approval, as well as the number of abstentions and broker non-votes, was as follows:
Number of
Votes |
Percentage | |||||
For | 340,736,955 | 95.40 | ||||
Against | 16,411,982 | 4.59 | ||||
Abstained | 1,670,196 | |||||
Broker Non-Votes | 0 |
Proposal #5 – Voted against a shareholder proposal to amend the Company’s By-laws and governing documents to provide that holders in the aggregate of 10% of the Company’s common stock have the ability to call a special meeting of shareholders. The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:
Number of
Votes |
Percentage | |||||
For | 83,932,016 | 29.60 | ||||
Against | 199,560,025 | 70.39 | ||||
Abstained | 2,893,267 | |||||
Broker Non-Votes | 72,433,825 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 5, 2020 | VALLEY NATIONAL BANCORP | ||
By: | /s/ Ronald H. Janis | ||
Ronald H. Janis | |||
Senior Executive Vice President and General Counsel |
1 Year Valley National Bancorp Chart |
1 Month Valley National Bancorp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions