UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-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 17, 2017
CVB FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
| | | | |
| California | | 0-10140 | | 95-3629339 |
(State or other jurisdiction of incorporation or organization) | | (Commission file number) | | (I.R.S. employer identification number) |
| | | | |
| 701 North Haven Avenue, Ontario, California | | 91764 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (909)980-4030
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2.):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Indicate by 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 Rule12b-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 5.07 | Submission of Matters to a Vote of Security Holders. |
| (a) | On May 17, 2017, CVB Financial Corp. (the “Company”) held its Annual Meeting of Shareholders. |
| (b) | Each of the matters submitted to the shareholders was approved by the requisite voting power required for approval of the respective proposal. The results of the voting on the matters submitted to the shareholders are as follows: |
Proposal 1 – Election of Directors
The following individuals were elected to serve as directors of the Company for a one year term expiring at the 2018 Annual Meeting of Shareholders:
| | | | | | | | | | | | | | | | |
Nominee | | Votes For | | | % Voted For | | | Votes Withheld | | | Broker Non-Votes | |
George A. Borba, Jr. | | | 77,909,719 | | | | 99.83 | % | | | 132,844 | | | | 22,210,447 | |
Stephen A. Del Guercio | | | 77,908,824 | | | | 99.83 | | | | 133,739 | | | | 22,210,447 | |
Anna Kan | | | 77,902,419 | | | | 99.82 | | | | 140,144 | | | | 22,210,447 | |
Kristina M. Leslie | | | 77,899,963 | | | | 99.82 | | | | 142,600 | | | | 22,210,447 | |
Christopher D. Myers | | | 77,899,012 | | | | 99.82 | | | | 143,551 | | | | 22,210,447 | |
Raymond V. O’Brien III | | | 77,892,887 | | | | 99.81 | | | | 149,676 | | | | 22,210,447 | |
Hal W. Oswalt | | | 77,890,200 | | | | 99.80 | | | | 152,363 | | | | 22,210,447 | |
Proposal 2 – Ratification of the Audit Committee’s Appointment of the Independent Accountants for 2017
The appointment of KPMG LLP to serve as the Company’s independent registered public accounting firm for 2017 was ratified. The voting results were as follows:
| | | | | | | | |
| | | Shares Voted | | | % of Voted | |
Votes For: | | | 99,953,555 | | | | 99.70 | % |
Votes Against: | | | 267,006 | | | | 0.27 | |
Abstain: | | | 32,449 | | | | 0.03 | |
BrokerNon-Votes: | | | 0 | | | | | |
Proposal 3 – ANon-binding Advisory Vote to Approve Executive Compensation
The advisory vote on executive compensation was approved. The voting results were as follows:
| | | | | | | | |
| | | Shares Voted | | | % of Voted | |
Votes For: | | | 77,109,078 | | | | 98.81 | % |
Votes Against: | | | 510,434 | | | | 0.65 | |
Abstain: | | | 423,051 | | | | 0.54 | |
BrokerNon-Votes: | | | 22,210,447 | | | | | |
The Board of Directors and the Compensation Committee will consider the voting results when making future decisions regarding the executive compensation program.
Proposal 4 – ANon-binding Advisory Vote on the Frequency of Future Advisory Votes to Approve Executive Compensation.
The Company’s shareholders recommended theone-year frequency option with respect tosay-on-pay frequency on an advisory,non-binding basis by the following votes:
| | | | | | | | |
| | | Shares Voted | | | % of Voted | |
1 Year: | | | 58,488,595 | | | | 74.95 | % |
2 Years: | | | 282,278 | | | | 0.36 | |
3 Years: | | | 17,796,034 | | | | 22.80 | |
Abstain: | | | 1,475,656 | | | | 1.89 | |
BrokerNon-Votes: | | | 22,210,447 | | | | | |
| Item 7.01 | Regulation FD Disclosure. |
CVB Financial Corp. (the “Company”) is filing the slide presentation with information as of March 31, 2017 that its President and Chief Executive Officer, Christopher D. Myers, presented to shareholders at the Company’s Annual Meeting of Shareholders in Ontario, California on May 17, 2017. The slide presentation is included as Exhibit 99.1 of this report on Form8-K pursuant to regulation FD. The information in this report (including Exhibit 99.1) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other documents filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. A copy of the slide presentation will be also available on the Company’s website atwww.cbbank.com under the “Investors” tab.
On May 17, 2017, the Company’s President and Chief Executive Officer, Christopher D. Myers, discussed the slides at the Company’s Annual Meeting of Shareholders.
| Item 9.01 | Financial Statements and Exhibits. |
| | |
Exhibit
No. | | Description |
| |
| 99.1 | | Copy of the slide presentation of CVB Financial Corp. as of March 31, 2017 that the Company’s President and Chief Executive Officer, Christopher D. Myers, presented to shareholders on May 17, 2017 (furnished pursuant to Regulation FD). |
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.
| | | | | | | | |
| | | | CVB FINANCIAL CORP. |
| | | | (Registrant) |
| | | | |
| Date: May 18, 2017 | | | | | | By: | | /s/ E. Allen Nicholson |
| | | | | | E. Allen Nicholson |
| | | | | | Executive Vice President and Chief Financial Officer |
Exhibit Index
| | |
| 99.1 | | Copy of the slide presentation of CVB Financial Corp. as of March 31, 2017 that the Company’s President and Chief Executive Officer, Christopher D. Myers, presented to shareholders on May 17, 2017 (furnished pursuant to Regulation FD). |
