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 13, 2014
POPULAR, INC.
(Exact name of registrant as specified in its charter)
Puerto Rico |
001-34084 |
66-0667416 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (IRS Employer Identification Number) |
209 Munoz Rivera Avenue Hato Rey, Puerto Rico |
00918 | |
(Address of principal executive offices) | (Zip code) |
(787) 765-9800
(Registrants telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year, if changed since last report)
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:
¨ | 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)) |
Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On May 13, 2014, Popular, Inc. (the Corporation) held its Annual Meeting of Stockholders. The matters considered and voted on by the Corporations stockholders at the Annual Meeting and the results of the vote of the stockholder were as follows:
Proposal 1
To elect three directors assigned to Class 3 for a three-year term:
FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||
María Luisa Ferré |
77,609,727 | 4,847,054 | 333,501 | 11,900,724 | ||||
C. Kim Goodwin |
81,954,516 | 520,646 | 315,120 | 11,900,724 | ||||
William J. Teuber Jr. |
81,674,300 | 800,610 | 315,372 | 11,900,724 |
To elect one director assigned to Class 2 for a two-year term
FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||
John W. Diercksen |
81,961,217 | 515,807 | 313,258 | 11,900,724 |
Proposal 2
To approve an advisory vote of the Corporations executive compensation program.
FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
81,188,601 |
1,238,379 | 363,302 | 11,900,724 |
As a participant in the Capital Purchase Program of the United States Treasurys Troubled Asset Relief Program, the Corporation is required to submit yearly to stockholders the vote related to the Corporations advisory vote on executive compensation program. Therefore, no proposal was submitted for a vote of stockholders in connection with the frequency of stockholder advisory votes on executive compensation.
Proposal 3
To ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Corporation for 2014.
FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||
93,715,870 |
813,401 | 161,735 | N/A |
The press release issued by the Corporation in connection with the 2014 Annual Meeting of Stockholders is included as Exhibit 99.1 hereto.
Item 9.01. | Financial Statements and Exhibits. |
99.1 | Press release dated May 13, 2014 |
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.
POPULAR, INC. (Registrant) | ||||||
Date: May 15, 2014 | By: | /s/ Jorge J. García | ||||
Jorge J. García | ||||||
Senior Vice President and Corporate Comptroller |
Exhibit 99.1
Popular, Inc. elects four directors
SAN JUAN, Puerto Rico(BUSINESS WIRE) Popular, Inc. (NASDAQ:BPOP) announced that shareholders at the Annual Meeting of Stockholders, held on May 13, 2014, approved the election of the four directors nominated for election by the Board of Directors.
Class 3 Directors María Luisa Ferré, C. Kim Goodwin and William J. Teuber will serve three-year terms expiring in 2017. Class 2 Director, John W. Diercksen, will serve a two-year term expiring in 2016.
An advisory vote approving the Corporations executive compensation program and the ratification of the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Corporation for 2014 were also approved.
Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks 37th by assets among U.S. banks. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California.
Popular, Inc.
Investor Relations:
Brett Scheiner, 212-417-6721
Investor Relations Officer
or
Media Relations:
Teruca Rullán, 787-281-5170 or Mobile: 917-679-3596
Senior Vicepresident, Corporate Communications
Source: Popular, Inc.