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): April 26, 2016
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 Muñoz 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. |
Popular, Inc. held its Annual Meeting of Stockholders on April 26, 2016. Of the 103,669,107 shares outstanding and entitled to vote (as of the February 26, 2016 record date), 94,696,142 shares were represented at the meeting, or a 91.34% quorum. The final results of voting for each matter submitted to a vote of stockholders at the meeting are as follows:
Proposal 1 Election of Directors
Elected the following three individuals to serve as Class 2 directors until the Annual Meeting of Stockholders in 2019 and until their successors have been duly elected and qualified:
Votes For |
Votes Against |
Votes Abstained |
Broker Non- Votes |
|||||||||||||
Joaquín E. Bacardí, III |
84,561,147 | 688,698 | 54,643 | 9,391,654 | ||||||||||||
John W. Diercksen |
83,934,051 | 1,229,428 | 141,009 | 9,391,654 | ||||||||||||
David E. Goel |
84,778,926 | 432,178 | 93,384 | 9,391,654 |
Proposal 2 Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)
Approved, on an advisory basis (non-binding), the compensation of the Corporations named executive officers as described in the Compensation Discussion and Analysis and the accompanying tables in our 2016 proxy statement.
Votes For |
Votes Against |
Votes Abstained |
Broker Non- Votes | |||
83,359,802 | 1,750,431 | 194,255 | 9,391,654 |
Proposal 3 Ratification of Appointment of Independent Auditors
Ratified the appointment of PricewaterhouseCoopers LLP as the Corporations independent registered public accounting firm for the year ending December 31, 2016.
Votes For |
Votes Against |
Votes Abstained | ||
93,692,766 | 909,338 | 94,038 |
The press release issued by the Corporation in connection with the 2016 Annual Meeting of Stockholders is included as Exhibit 99.1 hereto.
Item 9.01. | Financial Statements and Exhibits. |
99.1 | Press release dated April 26, 2016. |
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: April 29, 2016 | By: | /s/ Javier D. Ferrer | ||||
Javier D. Ferrer | ||||||
Executive Vice President, General Counsel and Secretary |
EXHIBIT 99.1
Popular, Inc. Announces Results of Annual Meeting of Stockholders
Company Release - 04/26/2016 17:42
SAN JUAN, Puerto Rico(BUSINESS WIRE)Popular, Inc. (NASDAQ: BPOP) announced today that its stockholders elected the three members of the Board of Directors standing for re-election at the Annual Meeting held on April 26, 2016. Joaquín E. Bacardí, III, John W. Diercksen and David E. Goel were elected to serve for a three-year term expiring in 2019.
Stockholders also approved an advisory vote on executive compensation and ratified the selection of PricewaterhouseCoopers LLP as Populars independent registered public accounting firm for 2016.
About Popular, Inc.
Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets. Popular provides retail, mortgage and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. 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, and Florida under the name of Popular Community Bank.
For more information, visit http://www.popular.com.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20160426006939/en/
Popular, Inc.
Investor Relations:
Brett Scheiner, 212-417-6721
Investor Relations Officer
or
Media Relations:
Teruca Rullán, 787-281-5170 or 917-679-3596 (mobile)
Senior Vice President, Corporate Communications
Source: Popular, Inc.