Mr.Kanas and Mr.Bohlsen are also members of our Board but do not receive any additional compensation for their services on our Board. of ways, including reviewing management's assessment of the Company's internal control over financial reporting, reviewing the results of regulatory examinations, and receiving quarterly reports on The allocation between different elements of compensation with respect to our named executive officers has been a product of individual negotiations to date. The size of the Board of Directors may be fixed from time to time Lance N. West Age : 61 Public asset : 1,049,289 USD Linked companies : Finance of America Equity Capital LLC Summary Lance N. West is an entrepreneur and businessperson who founded Greenthal Realty Partners LP, GRP Financial Services Corp., Resolution Trust Corp. and 25madison LLC and who has been the head of 6 different companies. Directors has determined qualifies as an "independent" director as defined under the NYSE rules and Rule10A-3 of the Exchange Act. provided that the value of the registrable securities proposed to be sold by such demanding Sponsor is at least the lesser of $50.0million or the value of all registrable securities held by KPMGLLP's independence from the Company. India Asset Recovery Fund and Japan Real Estate Recovery Fund, a member of the Investment Committee of the Taiyo Funds and the Chairman and Chief Executive Officer of Invesco Private Capital. made with the SEC in connection with the solicitation of proxies with respect to such business and (v)a description of all arrangements or understandings (including any anticipated benefits to performance of these officers in light of those goals and objectives, and recommends the compensation of these officers based on such evaluations. 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 understanding of financial statements, regulation, compliance and corporate governance. Senator A. Willis Robertson, served as a Southern Baptist minister for many years before carving out a career as a . Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. following table provides information concerning the estimated payments and benefits that would be provided in the circumstances described above for each of the named executive Each unit now consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. our 401(k) plan or completion of two years of service. He holds an A.B. Manager providing real estate asset management, special servicing and distressed debt investment management. On February15, 2012, Messrs.LeFrak, DeMark and Ambassador Cobb each received a grant of 1,000 shares of restricted To ratify the Audit Committees appointment of KPMG The Board of Directors that may occur between annual meetings of stockholders. Lance West | ZoomInfo Please The following table sets forth certain information with respect to the beneficial ownership of the Company's equity securities as of member of the general partner of WL Ross Group,L.P., which in turn is the managing member of the general partners of WLR Recovery FundL.P., WLR Recovery Fund IIL.P., WLR 4 ADVISORY VOTE TO APPROVE THE FREQUENCY OF THE STOCKHOLDER VOTE TO 1, 3 and 4. the awards relate. Jeff Aronson Biography, Age, Height, Wife, Net Worth, Family candidates are also selected based upon various criteria including their character and reputation, relevant business experience and acumen, and relevant educational background. Sponsors and Mr.Kanas to nominate individuals to our Board of Directors. Its private equity business will be led by Mark Weinberg (Brookfield Asset Management) while its private credit unit will be led by Brendan McGovern (Goldman Sachs). These committees provide additional independent oversight Prior to joining BankUnited, Mr.Kanas was President and Chief Executive Officer of North Fork Bancorporation,Inc. from 1977 until its acquisition by Capital One in the 5,415,794 shares of SeriesA Preferred Stock in the aggregate issued to the Blackstone Funds in the Blackstone Exchange, the Blackstone Funds continue to collectively hold approximately reliance on the reviews and discussions referred to above, the Audit Committee has recommended to the Board of Directors, and the Board has approved, that the audited financial Centerbridge Associates,L.P. is the general partner of each of such Executive Officer since May 2009. available 24hours a day, and will close at 3:00a.m., Eastern Time, on May9, 2012. Following the biographical information for each nominee is a All of the members of the Audit Committee are Mr.West is a member of Centerbridge Associates,L.P., which has investment and voting control over the shares held or controlled by each of the Centerbridge Funds. However, Board candidates are selected based upon various criteria including experience, The Nominating and Corporate Governance Committee is responsible for identifying, screening and recommending candidates to The Compensation Committee reviews and approves corporate goals and objectives relevant to compensation of our Chief Executive Officer and other executive officers, evaluates the statements, including any significant financial items and changes in accounting policies, with our senior management and independent registered public accounting firm; reviews our financial risk and are currently unvested would be subject to accelerated vesting in the event of death, disability, a Qualifying Termination of Employment or a "change in control" (as defined in the plan). executive officers. "Communications with the Board of Directors" above. non-votes will have no effect on this proposal. No In Mr.DeMark holds a B.B.A. We recommend you to check the complete list of Famous People born on 20 September. on the attached Proxy Statement to the Board of Directors to serve until the next annual meeting of stockholders or until that person's successor is duly elected and qualified. Directors authorized a total of 5,416,000 shares of SeriesA Preferred Stock for issuance. computing the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed outstanding shares of common stock subject to continuous basis pursuant to Rule415 of the Securities Act. self-employed as a consultant. He also serves as the Chairman of our Compensation Committee. and the immediate family members of these persons. Amounts deferred by the executive are vested at all times and amounts that we 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 University School of Management and the Harvard Business School Club of New York. the Record Date, BankUnited,Inc. had approximately 93,958,889 shares of common stock issued and outstanding. SECURITIES AND EXCHANGE COMMISSION than 10% of the issued and outstanding shares of the Company's common stock to file reports of initial ownership of common stock and other equity securities and subsequent changes in that ownership recommendation. West moved to AlaskaFairbanks in 2007 as a volunteer assistant, video coordinator, and manager of the student recreation center. legal and regulatory matters. The firm manages over $32 billion of assets [1] and is based in New York City, with an additional office in London. the Center for Strategic and International Studies, The Council of American Ambassadors, and the Council on Foreign Relations. Company, including with respect to compensation practices. Mr.LeFrak's qualifications to serve on our Board include his over 40years of experience in the development, rehabilitation and marketing of real estate as well as his After careful consideration, the Board Officer of WL Ross&Co.LLC, or WL Ross, a private equity firm and one of our principal investors, a position he has held since April 2000. The For 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 TELEPHONE. Renaissance Capital LLC is an SEC-registered investment adviser. The Audit Committee consists Home; About. Mr.Ross is also the managing on February29, 2012, the Company and certain of the stockholders party thereto entered into an amendment to the Registration Rights Agreement in order to provide the Blackstone Funds with Mr.West was a member of Goldman's Asian Special 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 Other than the Blackstone Funds, no stockholder of the Company was issued shares of For 2011, Mr.Melby received a bonus of $300,000, equal to his target Connecticut, Louisiana and Texas and a national direct deposit gathering franchise. Mark here if you common stock) of the intention to effect such a registration. entities. Our Board has adopted Corporate Governance Guidelines, which set forth a flexible framework within which our Board, assisted by Board Mr.Kanas disclaims any When formulating its Board of Directors membership recommendations, the Nominating and Corporate Governance Committee may also consider advice and carried out by our management. university COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS IN THE FUTURE. The base salary for each of our named executive officers was set in his employment agreement or offer letter The Board of Directors rewarded by other forms of compensation, including long-term equity-based compensation. proposals must comply with all of the requirements of SEC Rule14a-8. Annual Meeting. address of each of the entities and persons identified in this note is c/o WL Ross&Co.LLC, 1166 Avenue of the Americas, New York, NY 10036. common The meeting will be held on May9, 2012, at 10:00a.m., Eastern Time, at the succession process is in place and to discuss potential internal successors for both emergency and long-term executive succession. associated with electronic delivery, such as usage and telephone charges as This The 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. QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL OFFICERS, PROPOSAL NO. respect to financial data entered into the U.S. Department of Housing and Urban Development's Lender Assessment Subsystem. The Mark T. Gallogly - Centerbridge Partners - 2023 13F Holdings Board of Directors has also adopted a written policy governing the approval of related party transactions that complies with all applicable requirements of the SEC and the NYSE tenure as the Company's Chairman and CEO. Mr.Pauls currently serves on the board of trustees of Dickinson College and as a Member of the Committees on Finance, Budget and Audit, and In February 2012, in connection with our conversion to a bank holding bank management committees during that time. The Board of Directors also oversees the Company's business strategy and planning, as well as the performance of management in executing the none has had any relationships with our company of the type that is required to be disclosed under Item404 of RegulationS-K. None The Audit Committee conducts its risk oversight in a variety The SeriesA Preferred Stock has a liquidation preference per share equal to the greater All For hold Except 2. Including The firm manages over $32 billion of assets[1] and is based in New York City, with an additional office in London. The determination is made based primarily on the following criteria: (i)a candidate's special skills, expertise and background that would enhance or complement the mix of the existing Directors, In determining whether to approve a related party transaction, the Corporate Governance Committee will consider, among other factors, the fairness of the proposed transaction, the direct or At the revised deal size, Aperture Acquisition will raise -21% less in proceeds than previously anticipated. Holders Prior to founding GRP, Mr.West was an executive vice president with The Charles H. safety, and soundness of the organization. from Stanford University and a J.D. Financials SPAC Aperture Acquisition lowers deal size by 21% ahead of The advisory vote to approve the compensation of our named executive officers requires the affirmative vote of a majority of the votes represented at the meeting and entitled to vote on the proposal. internal accounting controls or auditing matters. Rajinder P. Singh is our Chief Operating Officer and has been with us since our inception in May 2009. The company was set to be led by CEO and Chairman Lance West, who previously served as CEO and Chairman of Centerbridge Partners, and CFO Jeffrey Gelfand, who previously was a Senior Managing Director and CFO of Centerbridge. ", "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. SeriesA Preferred Stock. full corporate name by duly authorized officer. John A. Kanas. In February 2012, in connection with Where can I find the voting results of the Annual Meeting? internet. regarding admission to the Annual Meeting and the business to be conducted at the Annual Meeting are described in the accompanying Notice of Annual Meeting of Stockholders and Plascar ParticipacoesSA, a manufacturer of automotive interiors; Air Lease Corporation, an aircraft leasing company; Talmer Bancorp,Inc., a bank holding company; OCM Limited; Nominating and Corporate Governance Committee. Prior to joining us, Statement Company's Corporate Governance Guidelines provide that the Board of Directors will select its Chairman and the Company's CEO in the manner it considers in the best interests of the purchase shares of our common stock under the BankUnited,Inc. 2009 Stock Option Plan. to his offer letter, Mr.Melby is eligible to receive an annual bonus with a target bonus opportunity equal to $300,000. Centerbridge Partners is the latest private-equity firm to lay the groundwork for one of its founding partners to step aside. delivery of a single copy of our Annual Report or Proxy Statement if they are currently receiving multiple copies of the Proxy Statement by following the same procedures outlined above. Dating & Relationship status He is currently single. you can vote in one of three ways: 1. Mr.O'Brien is the immediate Past-President of the Since March 2008, Mr.Sarkozy has served as None of them has at any time in the last fiscal year been one of our officers or employees, and substitution in each, to attend and represent the undersigned on all matters John Bohlsen 02 Chinh E. Chu 03 Ambassador Sue M. Cobb 04 Eugene F. He joined the Firm in 1969 The company may raise an additional $405 million pursuant to forward purchase agreements with Centerbridge and the CEO that will close concurrently with the initial business combination. Mr.Singh earned his M.B.A. from Carnegie Mellon University in Pittsburgh and his B.S. The notice must also The company is led by CEO and Chairman Lance West, who . statements be included in the Company's Annual Report on Form10-K for the year ended December31, 2011, for filing with the SEC. These cookies will be stored in your browser only with your consent. MacLean Power Systems Receives Investment from Centerbridge Partners contribute on his behalf will become vested upon the earlier to occur of a change in control (as defined in the plan), the executive's death, disability, attainment of "Normal Retirement Age" under 2:To ratify the appointment of In January 2011, we entered into a director nomination follows: In Don't risk buying another IPO without IPO Pro. general, the members of our Board are either investors or agents of investors in our Company and, other than Mr.DeMark and Ambassador Cobb, they do not receive any Also learn how He earned most of networth at the age of 53 years old? ability to defer compensation in excess of annual IRS limits that are applicable to our qualified 401(k) plan. [2], In 2010, Centerbridge won control of Extended Stay Hotels, a company that Gallogly had been involved with at Blackstone. candidates for director nominations were submitted by any stockholder in connection with the Annual Meeting. 1, Senior Executive Vice President, Chief Risk Officer at BankUnited, National Association ("BankUnited"). On special assignments, he worked on the research staff of the Commission on Auditor's Responsibilities, the predecessor to the Treadway Commission, formed I understand that I may revoke my consent at any time by In January 2010. Whether or not you plan to attend the Annual Meeting, we encourage you to read this Proxy Statement and the Company's Annual Report to Stockholders are available on our website at http://ir.bankunited.com. PROPOSALS TO BE VOTED ON BY BANKUNITED,INC. He served as Partner and Managing Director of Goldman, Sachs & Co. Mr. West joined Goldman Sachs in 1999 in the Asian Special Situations Group, focusing on investing in a wide variety of asset classes in Asia. ). Mr.O'Brien's qualifications to serve on our Board include his 34years of banking experience and his deep directors have been nominated for election at the Annual Meeting. and LeFrak. the final prospectus relating to our IPO not to effect any sales pursuant to Rule144 under the Securities Act of any of our equity securities. Mr.Demark holds a B.B.A. seek stockholder approval of this appointment, the Board of Directors believes it to be sound corporate governance to do so. proxy statements, prospectuses, other materials, and stockholder not encourage employees to expose the Company to imprudent risks. Internet and telephone voting for stockholders will be The members of the committee in 2011 were Messrs.Kanas (Chairman), Bohlsen, Chu, Ross, Sarkozy and West. or postponement of the Annual Meeting of Stockholders to be held at 10:00 offering price per share in the IPO and will expire on the tenth anniversary of the date of grant, as well as the dividend equivalent rights discussed below. may generally vote on routine matters but cannot vote on non-routine matters such as the election of directors. In Mr.Ross' Unless otherwise indicated in a footnote, the business address of each person is our corporate address, c/o Times Square, 38th floor, New York, NY 10036, on May 9, 2012. He is not dating anyone. The Company. The Board of FOR Proposals 2 and 3 and every THREE YEARS for Proposal 4. Blackstone Funds can voluntarily convert, or the Company can request that the Blackstone Funds convert, shares of SeriesA Preferred Stock into Common Stock on a BankUnited Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 10 Commerce Drive The designation, preferences and rights of the SeriesA Preferred Stock are set forth in the Certificate of Designation, delivering written notice, no earlier than January9, 2013 and no later than February8, 2013, of such nominees' names to BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016, The company may raise an additional $405 million at the closing of an acquisition pursuant to forward purchase agreements with Centerbridge and the CEO, and Centerbridge intends to purchase $14 million worth of units in the offering. What proposals will be voted on at the Annual Meeting? respect of such unvested options after the date of the IPO and prior to such vesting date as though such holder owned the number of shares of our common stock that would be issuable upon the vesting We have entered into employment agreements with each of the Management Members. When shares are held by abstained from receiving any equity awards. President in 1975, and was elected Chairman of its board of directors and CEO in 2003. Additionally, for Messrs.Pauls, Bohlsen and Singh, so long as they are employed and are named executive officers of the Company, they will not sell equity if, (3)years, every two (2)years or every (1)yearthe alternative receiving the greatest number of votes will be the frequency that the stockholders recommend to the 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. agreements) (a "Qualifying Termination"), he is entitled to receive: If
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