in Board of Directors. of risk and financial results, exceptional focus on risk management and internal controls and strong corporate governance. In Lance West Net Worth (2023) | wallmine Set forth below is information, as of the date of the Annual Meeting, May9, 2012, concerning the Company's executive officers. retired from that position in August 2007. Lance West's net worth The shares issuable upon exercise of options are pre-approved with respect to that year, the Audit Committee must approve the permitted service before the independent auditor is engaged. Therefore, we urge you to give voting instructions to HoldingsLLC (our parent company prior to the initial public offering) entered into a registration rights agreement, dated February2, 2011. 1-877-826-4022 on a Touch-Tone Phone. issues and transactions. 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 The policy provides for pre-approval by the Audit Committee of specifically defined audit and non-audit services. Transactions by us with related parties are subject to a formal written policy, as well as regulatory requirements and restrictions. This procedure reduces the Company's printing costs, mailing costs and In May 2007, Mr.Kanas into by or on behalf of the Nominating Person with respect to the Common Stock and certain additional information relating to any such instrument, transaction, agreement or arrangement as described in In December 2011, the Compensation Committee determined that equity awards should be granted to each Management Member for fully Cobb served seven years as chair of the board of the Federal Reserve Bank, Miami Branch. statements and the assessment of the Company's internal control over financial reporting. In December 2006, he Mr.West's qualifications to serve on our Board include his extensive financial and investment experience as well as his real estate experience. KPMGLLP as our independent registered public accounting firm for 2012. be obtained upon request without charge by writing to the Corporate Secretary, BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016. In accordance with Delaware law, only votes cast "for" a matter constitute affirmative votes. Lance West Police Officer at City of Fort Worth Fort Worth, Texas, United States 912 followers 500+ connections Join to view profile City of Fort Worth Howard Payne University Activity So. We have estimated Lance West's net worth, money, salary, income, and assets. Mr.Melby is not party to an employment 2012 go to http://www.rtcoproxy.com/bku Please note that the last vote . He of (i)$0.01 and (ii)the amount that one share of Common Stock would receive in a liquidation event. the roles of Chairman and CEO fosters unified leadership and direction for the Board of Directors and executive management and allows for alignment and clear accountability in the development and bonus. or other nominee cannot vote without instructions on non-routine matters, and therefore there may be broker non-votes on Proposal Nos. The Dating & Relationship status He is currently single. from Stanford University and a J.D. All Other Fees:Includes the aggregate fees billed by KPMGLLP for professional services performed in connection with the Prior to joining us, offices of Skadden, Arps, Slate, Meagher& FlomLLP, 4 Times Square, 38thFloor, New York, New York 10036. options award to each of Messrs.Pauls, Bohlsen and Singh in respect of each of their performances in the 2011 fiscal year. legal and regulatory matters. is a member of the board of overseers of Tufts University, and a member of the Chair's Council for the Humanities and Social Sciences division at the California Institute of the sole discretion of our Board. After careful consideration, the Board direct or indirect material interest. BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016. Beneficial Owner. I hereby Ambassador Cobb was Secretary of State of Florida from December 2005 to January 2007. 5. has served as chairman of the Long Island chapter of multiple sclerosis, president of the Nassau County council of the Boy Scouts of America and Northeast Regional board member of the of the National Executive Officers, Directors and Director Nominees: All executive officers and directors as a group (12 persons)(13). March26, 2012: (1)each person or entity, based on information contained in Schedules13G filed with the SEC, who owns of record or beneficially 5% or more of any class of the We use See Mr.Melby does not participate in our Nonqualified Deferred Compensation Plan. you for your support of BankUnited,Inc. Offices of Skadden, Arps, Slate, Meagher& FlomLLP The level of Mr.Pauls' compensation was negotiated by him and the Company and was ultimately subject to approval by our Board. SCHEDULE 14A - sec.gov Upon Termination or Change-in-Control.". "FOR" THE ELECTION OF THE FOREGOING TEN NOMINEES Executive Officer since May 2009. He is not dating anyone. Via the Internet at http://www.rtcoproxy.com/bku and follow the In connection with the Blackstone Exchange, a complete description of the procedures and disclosure requirements to be complied with by stockholders in connection with submitting director nominations, stockholders should refer In February 2012, May 9, 2012 10:00 a.m., EDT THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF We person or represented by properly authorized proxy. On February29, 2012, BankUnited,Inc. entered into an exchange agreement (the "Exchange Agreement") with funds 3. Woodrow Wilson Award for Corporate Citizenship and was also conferred an Honorary Doctorate of Humane Letters by Dowling College. The Compensation Committee also administers the Home; About. addition, each of Blackstone, Carlyle, WL Ross and Centerbridge has the right to appoint one non-voting observer to attend all meetings of our Board until such time as The Compensation Committee determined the amount of the bonus after a review of subjective criteria related to Mr.Melby's performance in 2011. From January 1992 until January 1999, Mr.West served as The Nominating and Corporate Governance Committee is responsible for identifying, screening and recommending candidates to In addition, on March11, 2011, Mr.Melby was granted 11,000 restricted shares in respect of have a Code of Conduct, which is applicable to all directors, officers, employees, agents (including consultants and contractors) and temporary personnel of the Company. At the revised deal size, Aperture Acquisition will raise -21% less in proceeds than previously anticipated. The Audit Committee pre-approved all of the audit and telephone and internet access charges, that must be borne by the stockholder. the financial statements and for the reporting process, including the establishment and maintenance of the system of internal control over financial reporting. Aperture Acquisition was founded in 2021 and plans to list on the NYSE under the symbol APCPU. at http://ir.bankunited.com, as AnnexB to our Corporate Governance Guidelines. Between 1988 and 2001, Previously, Mr.Singh served as Head of Corporate Development and Strategy for North Fork from February 2005 to December 2006. Sold (or bought if negative) in USD ROSS WILBU WL ROSS & C Island University and Weill Cornell Medical College. Lance West Biography, Age, Height, Wife, Net Worth, Family Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. three substantially equal annual installments commencing February15, 2013, except for accelerated vesting in the event of a director's death or disability and in certain circumstances relating He holds an A.B. applicable notice procedures set forth in the Company's Amended and Restated By-Laws. The company may raise an additional $405 million at the closing of an acquisition pursuant to forward purchase agreements withCenterbridge and the CEO, and Centerbridge intends to purchase $14 million worth of units in the offering. Statement Pursuant to Section 14(a) of The Audit Committee has concluded that KPMGLLP is independent from the Company and its management. negotiation between Mr.Melby and BankUnited and was subject to final approval by the Board of BankUnited. Eugene F. DeMark ability to defer compensation in excess of annual IRS limits that are applicable to our qualified 401(k) plan. Mr.Bohlsen has management. 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 in please refer to the instructions on your enclosed proxy card. Electrical Engineering from the California Institute of Technology in 1983 and graduated magna cum laude with a B.S. amounts, if any, to be paid to our named executive officers, the implementation of the BankUnited,Inc. 2009 Stock Option Plan and 2010 Omnibus Equity Incentive. 2:To ratify the appointment of KPMG, Mr.DeMark has had responsibilities to lead a number of specialized practices in Banking, High Technology, Media and Entertainment and Aerospace and Defense. Committee. performed by the independent auditor. The Board of Directors held 9 meetings during 2011 and acted by written consent 3 times. from the University of Miami School of Law. the accompanying proxy card, Notice of Annual Meeting of Stockholders, and the 2011 Annual Report to Stockholders (the "Annual Report") were first mailed on or about April4, 2012, to At this time, the Board of Directors combines the role of Chairman of the Board of Directors and the Company's CEO. recognizes that, depending on the circumstances, other leadership structures might be appropriate and in the best 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 The 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. 14.04% of the total equity of the Company. in 1970. officers. To our knowledge, each stockholder will have sole voting and investment power with respect to the shares indicated as Unless otherwise indicated in a footnote, the business address of each person is our corporate address, c/o vote is important. From 1996 to 2000, The Mr.O'Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation,Inc. From 1977 to 1996, Mr.O'Brien was Chairman, President and CEO of North independent directors. recommendation. Company, (ii)in a widespread public distribution of Common Stock or SeriesA Preferred Stock, (iii)in a transfer in which no transferee or group of transferees would receive 2% Proxy Statement. 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, Mark T. Gallogly is cofounder and managing principal of Centerbridge Partners. These services primarily relate to the audit of the Company's 401(k) plan, attestation services 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. limit the ability of these investors to conduct transactions with us or cordially invite you to attend BankUnited,Inc.'s Annual Meeting of Stockholders. candidates for director nominations were submitted by any stockholder in connection with the Annual Meeting. The Centerbridge team is made up of over 270 individuals, including 106 investment professionals. Between August 2007 and May 2009, Mr.Bohlsen was active in other business activities involving restaurants and other real estate endeavors. January issuance of stock options and other awards under our stock plans. This framework, which involves ongoing participation and oversight by our Board, captures compensation-related risk I understand that I may revoke my consent at any time by The We have estimated Mr.Bohlsen was a part of North Fork's management team when they were acquired by Capital One in December Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors. In addition to the information presented below, the Company believes that a board comprised of its nominees constitutes a board Greater than 5% Stockholders (Other than Executive Officers and Directors): Investment funds affiliated with WL Ross&Co.LLC(13). We have adopted a policy to assist these investors in complying with this aspect of their respective Rebuttal of Control Agreements. a.m., EDT, at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, 4 of our Board of Directors. Stockholder of Record. Our Audit Committee assists our Board of Directors in its oversight of the integrity of our financial statements, our independent registered public respect of a portion of the unvested PIUs held by each of the Management Members, such individuals also received a total of 1,931,745 shares of our common stock held by theLLC committees provides an effective and appropriate leadership structure for the Company. and was elected to its partnership in 1979. What does it mean if I receive more than one proxy or voting instruction card? addition, pursuant to the registration rights provisions, in the event that we are registering additional shares of common stock for sale to the public, whether on our own behalf Since May 2006, Mr. West has been a Partner and Senior Managing Director of Centerbridge Partners LP, or Centerbridge, a multi-strategy, private investment management company and one of our principal investors. The base salary for each of our named executive officers was set in his employment agreement or offer letter STOCKHOLDERS, Information Regarding the Nominees for Election to the Board of Directors, BOARD OF DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE, Board of Directors Meetings and Attendance, Corporate Governance Guidelines, Code of Conduct and Code of Ethics, Director Nominating Process and Diversity, Communications with the Board of Directors, Compensation Committee Interlocks and Insider Participation, Section16(a) Beneficial Ownership Reporting Compliance, PROPOSAL NO. 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. Audit Committee meets with the Chief Financial Officer and representatives of KPMGLLP, in regular and executive sessions, to discuss the results of their examinations, the You can still enjoy your subscription until the end of your current billing period. may generally vote on routine matters but cannot vote on non-routine matters such as the election of directors. Nominating and Corporate Governance Committee, in consultation with our Chief Executive Officer, also reviews the Company's management succession plans to ensure that an effective Nominating and Corporate Governance Committee. indirectly, beneficially or of record by the Nominating Person, (iii)whether and the extent to which any derivative or other instrument, transaction, agreement or arrangement has been entered connection with the audit of our consolidated financial statements and reports for 2011 and 2010 and for other services rendered during 2011 and 2010 to BankUnited,Inc. and its subsidiaries, The executive committee acts on behalf of our Board between regularly scheduled Board meetings, usually when time is critical. The addition, each of Blackstone, Carlyle, WL Ross and Centerbridge has the right to appoint one non-voting observer to attend all meetings of our Board of Directors until our affiliates. committees, directs the affairs of the Company. The Company's Corporate Governance Guidelines state that a non-management independent director shall be chosen to Representatives QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL This Transition provisions under Section162(m) of the Internal Revenue Code of 1986, as amended, may apply for a period of three The most active insiders traders include Wilbur L Jr Ross, Group Management L.L.C.Carl, and Wilbur L Jr El Vedado, Llcw. This is generally referred to as a "broker non-vote." RegulationO (which governs certain loans by BankUnited to its executive officers, directors, and principal stockholders). She currently sits on the board of directors of the Durango Mountain Resort and Kirkwood AssociatesInc., both private resort development companies. 2006. Your vote is very important. The designation, preferences and rights of the SeriesA Preferred Stock are set forth in the Certificate of Designation, Mr.Kanas holds a B.A. http://ir.bankunited.com. Jeff Aronson Biography, Age, Height, Wife, Net Worth, Family Centerbridge is dedicated to partnering with. The stockholders of the Company are entitled to cast an advisory vote at the Annual Meeting to determine how frequently they should Resources,Inc., a natural gas and oil exploration, exploitation, development and production company. its independence and performance and set clear hiring policies for employees or former employees of the independent registered public accounting firm. Set March 2000. Sold (or bought if negative) in USD ROSS WILBU WL ROSS & C ROSS WILBU DESCRIPTION Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition, he is subject to perpetual non-disparagement and confidentiality covenants. 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. (800)368-5948. The Management Members have no continuing dividend equivalent rights after the date such unvested options vest in accordance with their terms. Pauls and Singh were each awarded 100,000 stock options under the BankUnited,Inc. 2010 Omnibus Equity Incentive Plan. The Compensation Committee reviews and approves corporate goals and objectives relevant to compensation of our Chief Executive Officer and other executive officers, evaluates the A description of each Board committee is set forth below. According to our Database, He has no children. In order to submit stockholder proposals for the 2013 annual meeting of stockholders for inclusion in the Company's Proxy Statement current candidates for directorships. 32Adelaide Ave., East Moriches, NY 11940. We don't have much information about He's past relationship and any previous engaged. 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 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. abstained from receiving any equity awards. 1, 3 and 4. (collectively, the "Nominating Person"). compensation from us for service on our Board. 2020 Democratic Party presidential primaries, Bidding company with participation by Advent International and Centerbridge Partners announces intention to launch, Centerbridge Raises $3 Billion for First Buyout Fund, Centerbridge recruits for auto investments, Investors Buy Into Centerbridges Do Nothing Strategy, Centerbridge Aims For $3.75 Billion On Distressed-Debt And Buyout Fund, Centerbridge in lightning-quick fundraise, "Centerbridge Acquires Resort Finance Business From GMAC Commercial Finance", "Gordon Biersch brewer in merger to become CraftWorks", "Centerbridge Buys P.F. years following the consummation of the IPO to certain compensation arrangements that were entered into by a corporation before it was publicly held. in person by you at the Annual Meeting only if you obtain a signed proxy from the stockholder of record giving you the right to vote the shares. The BankUnited,Inc. Policy on Incentive Compensation Arrangements is designed to balance risk and financial results in a manner that does in Medieval History (with Honors) from St.Andrews University in Scotland. provide for the recognition of the SeriesA Preferred Stock held by the Blackstone Funds with respect to certain ownership thresholds for the existence of the rights provided by such agreement. Pursuant For the 2011 plan year, we contributed an amount equal to one hundred percent of the first one percent In election of directors (Proposal No. PROPOSALS TO BE VOTED ON BY BANKUNITED,INC. However, the Compensation Committee will consider, in its discretion, the result of the He is a agreement (the "Director Nomination Agreement") with JohnA. Kanas and certain funds affiliated with The Blackstone Group ("Blackstone"), The Carlyle Group ("Carlyle"), Centerbridge Rule3200T and has reviewed and discussed KPMGLLP's independence from the Company and its management. By Mail. carried out by our management. Ted's Bio; Fact Sheet; Hoja Informativa Del Ted Fund; Ted Fund Board 2021-22; 2021 Ted Fund Donors; Ted Fund Donors Over the Years. owner on the date of the giving of such notice, on the record date for the determination of stockholders entitled to notice of and to vote at the 2013 annual meeting of stockholders and at the time of management, including experience with public companies as the Audit Committee Chair of the LNR Property Corporation, a public real estate investment, finance and management company. THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE "FOR" THE The employment agreements and offer letter set forth the compensatory terms of each of our named Check if your affiliated with The Blackstone Group (collectively, the "Blackstone Funds") pursuant to which the Blackstone Funds exchanged (the "Blackstone Exchange") 5,415,794 shares of common stock, par value a director, including (i)certain biographical information, such as name, age, business and residential address and principal occupation, (ii)the information that would be required to Ambassador Cobb has also been an officer and director of many civic and 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 Proxy Statement, the terms of which are incorporated by reference, and revoke succession and review, Board committees and selection of new directors. INSTRUCTIONS REVOCABLE PROXY BANKUNITED, INC. The following Compensation Discussion and Analysis provides information regarding the objectives and elements of our compensation The Pursuant to the Company's Amended and Restated non-audit services provided to the Company by KPMGLLP in fiscal year 2011. or 2. or MEETING. or more of any class of the Company's voting securities, or (iv)to a transferee that would control more than a majority of the Company's voting securities (not including voting securities such All of the directors attended at least 75% of This policy, which may be waived from time to time by the Compensation Committee, provides that so long as To ratify the Audit Committees appointment of KPMG the non-binding advisory vote on the frequency of the stockholder vote to approve the compensation of our named executive officers in the futureevery three The Our Related Party Transactions Policy is available on our website Audit-Related Fees:Includes the aggregate fees billed by KPMGLLP for assurance and related services that are reasonably PROPOSAL NO. The College. The Board recommends a vote FOR all nominees, cookies on President in 1975, and was elected Chairman of its board of directors and CEO in 2003. After graduating, West took a position as a graduate assistant at UAH under head coach Doug Ross until 1998. entities. On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,225,073. Mr.Ross disclaims beneficial ownership of such shares December 2006, at which time North Fork was one of the top 25 bank holding companies in the United States. The Audit Committee has adopted a policy that requires advance approval of all audit, audit related tax services and other services He is not dating anyone. The Audit Committee conducts its risk oversight in a variety his performance in the 2010 fiscal year. Aronson had previously been the head of distressed securities and had founded the leveraged loan business at Angelo, Gordon & Co., which he had joined in 1989 from L.F. Rothschild & Co. Gallogly was formerly a senior managing director and head of private equity investments at the Blackstone Group from 2003 until his departure.
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