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 22, 2020
Northwest Bancshares, Inc.
(Exact name of registrant as specified in its charter)
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| | | | |
| Maryland | | 001-34582 | | 27-0950358 |
| (State or other jurisdiction | | (Commission File No.) | | (I.R.S. Employer |
| of incorporation) | | | | Identification No.) |
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| | | | |
| 100 Liberty Street | Warren | Pennsylvania | | 16365 |
| (Address of principal executive office) | | (Zip code) |
Registrant’s telephone number, including area code: (814) 726-2140
(Former name or former address, if changed since last report)
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, 0.01 Par Value | | NWBI | | NASDAQ Stock Market, LLC |
Check the appropriate box below if the Form 8-K 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))
Indicate by a check mark whether the registrant is an emerging growth company as defined in rule 405 of the Securities Act of 1933 ( § 230.405 of this chapter) or rule 12b-2 of the Securities Exchange Act of 1934 (§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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Philip M. Tredway's term as a member and lead director of Northwest Bancshares, Inc.'s Board of Directors expired as of the Annual Meeting of Stockholders held on April 22, 2020. Mr. Tredway is retiring from the Board as he is not eligible under the Company's bylaws to stand for re-election due to the Company's mandatory retirement age provision for directors and not as a result of any disagreement with the Company. Mr. Tredway's service on the Board began in 2007.
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting of Stockholders was held on April 22, 2020. The matters listed below were submitted to a vote of the stockholders through the solicitation of proxies and the proposals are described in detail in the Company's definitive proxy statement for the Annual Meeting of Stockholders filed with the Securities and Exchange Commission on March 12, 2020. The final results of the stockholder votes are as follows:
Proposal 1 - Election of Directors
The stockholders elected the following Directors:
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| | | | | |
| | For | | Withheld | | Broker Non-Votes |
| Sonia M. Probst | 77,404,003 | | 1,530,014 | | 10,457,127 |
| | | | | | |
| William F. McKnight | 77,903,055 | | 1,030,962 | | 10,457,127 |
| | | | | | |
| Ronald J. Seiffert | 76,044,903 | | 2,889,114 | | 10,457,127 |
| | | | | | |
| David M. Tullio | 77,933,766 | | 1,000,251 | | 10,457,127 |
Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm
The stockholders approved the ratification of KPMG LLP as the Company's independent registered public accounting firm for the year ending December 31, 2020.
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| | |
| For | 86,744,141 |
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| Against | 2,402,095 |
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| Abstain | 244,908 |
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| Broker Non-Votes | — |
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Proposal 3 - An advisory, non-binding resolution to approve executive compensation described in the Proxy Statement
The stockholders approved the proposal regarding the compensation of the named executive officers as disclosed in the Proxy Statement as follows:
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| | |
| For | 73,984,839 |
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| Against | 4,446,935 |
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| Abstain | 502,243 |
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| Broker Non-Votes | 10,457,127 |
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SIGNATURES
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.
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| | | NORTHWEST BANCSHARES, INC. |
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| DATE: | April 22, 2020 | | By: | /s/ William W. Harvey, Jr. |
| | | | William W. Harvey, Jr. |
| | | | Chief Financial Officer |
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