Canadian Imperial Bank Of Commerce 6-K, filed Apr 4, 2024
Canadian Imperial Bank Of Commerce (CM)
About this 6-K
Canadian Imperial Bank Of Commerce filed this 6-K on April 4, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
| For the month of April, 2024 | Commission File Number: 1-14678 |
CANADIAN IMPERIAL BANK OF COMMERCE
(Translation of registrant’s name into English)
CIBC Square, 81 Bay Street
Toronto, Ontario
Canada M5J 0E7
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F ☐ | Form 40-F ☑ |
The information contained in this Form 6-K is incorporated by reference into the Registration Statements on Form S-8 File Nos. 333-130283, 333-09874 and 333-218913 and Form F-3 File Nos. 333-219550, 333-220284, 333-272447 and 333-273505.
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, thereunto duly authorized.
| CANADIAN IMPERIAL BANK OF COMMERCE | |||||
| Date: April 4, 2024 | By: | /s/ Natalie Biderman | |||
| Name: | Natalie Biderman | ||||
| Title: | Vice-President, Corporate Secretary | ||||
Exhibits
| Exhibits | Description | |||
| 99.1 | News Release Dated April 4, 2024 - CIBC Announces Election of Directors | |||
| 99.2 | Report of Voting Results | |||
Exhibit 99.1
CIBC Announces Election of Directors at 2024 Annual Meeting
TORONTO, April 4, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today that the nominees listed in its Management Proxy Circular dated February 14, 2024 were elected as Directors of CIBC.
Detailed results of the vote for the election of directors held earlier today at CIBC's Annual Meeting of Shareholders are below.
On a vote by ballot, each of the following 13 nominees proposed by management was elected as a Director of CIBC:
| NOMINEES | VOTES FOR | VOTES WITHHELD | ||
| Ammar Aljoundi | 371,067,327 | 99.47 % | 1,986,773 | 0.53 % |
| Charles J.G. Brindamour | 371,343,634 | 99.54 % | 1,710,466 | 0.46 % |
| Nanci E. Caldwell | 370,041,395 | 99.19 % | 3,012,705 | 0.81 % |
| Michelle L. Collins | 370,398,377 | 99.29 % | 2,655,723 | 0.71 % |
| Victor G. Dodig | 371,931,336 | 99.70 % | 1,122,764 | 0.30 % |
| Kevin J. Kelly | 359,574,277 | 96.39 % | 13,479,823 | 3.61 % |
| Christine E. Larsen | 371,633,380 | 99.62 % | 1,420,720 | 0.38 % |
| Mary Lou Maher | 368,674,808 | 98.83 % | 4,379,292 | 1.17 % |
| William F. Morneau | 371,256,557 | 99.52 % | 1,797,543 | 0.48 % |
| Mark W. Podlasly | 371,549,030 | 99.60 % | 1,505,070 | 0.40 % |
| Katharine B. Stevenson | 362,932,551 | 97.29 % | 10,121,549 | 2.71 % |
| Martine Turcotte | 368,691,006 | 98.83 % | 4,363,094 | 1.17 % |
| Barry L. Zubrow | 370,827,108 | 99.40 % | 2,226,992 | 0.60 % |
Final voting results on all matters voted on at the Annual Meeting will be available shortly at https://www.cibc.com/en/about-cibc/investor-relations/annual-meeting.html and will be filed with Canadian and U.S. securities regulators.
About CIBC
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Serivces businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://cibc.mediaroom.com/.
SOURCE CIBC
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/04/c6491.html
%CIK: 0001045520
For further information: Investor Relations: Callen Glass, 416-594-8188, callen.glass@cibc.com; Investor & Financial Communications, Erica Belling, 416-594-7251, erica.belling@cibc.com
CO: CIBC
CNW 14:50e 04-APR-24
Exhibit 99.2
Annual Meeting of Shareholders
Toronto, Ontario
Thursday, April 4, 2024
Voting Results
In accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations
The following matters were voted on at the Annual Meeting of Shareholders of CIBC (the "Bank") held on April 4, 2024. The votes were conducted by ballot. Each of the matters set out below is described in greater detail in the Management Proxy Circular which can be found at https://www.cibc.com/en/about-cibc/investor-relations/annual-reports-and-proxy-circulars.html.
| 1. | Election of Directors |
Each of the following 13 nominees proposed by management was elected as a Director of the Bank.
| Votes for | Votes withhold | |||
| Nominees | # | % | # | % |
| Ammar Aljoundi | 371,067,327 | 99.47% | 1,986,773 | 0.53% |
| Charles J.G. Brindamour | 371,343,634 | 99.54% | 1,710,466 | 0.46% |
| Nanci E. Caldwell | 370,041,395 | 99.19% | 3,012,705 | 0.81% |
| Michelle L. Collins | 370,398,377 | 99.29% | 2,655,723 | 0.71% |
| Victor G. Dodig | 371,931,336 | 99.70% | 1,122,764 | 0.30% |
| Kevin J. Kelly | 359,574,277 | 96.39% | 13,479,823 | 3.61% |
| Christine E. Larsen | 371,633,380 | 99.62% | 1,420,720 | 0.38% |
| Mary Lou Maher | 368,674,808 | 98.83% | 4,379,292 | 1.17% |
| William F. Morneau | 371,256,557 | 99.52% | 1,797,543 | 0.48% |
| Mark W. Podlasly | 371,549,030 | 99.60% | 1,505,070 | 0.40% |
| Katharine B. Stevenson | 362,932,551 | 97.29% | 10,121,549 | 2.71% |
| Martine Turcotte | 368,691,006 | 98.83% | 4,363,094 | 1.17% |
| Barry L. Zubrow | 370,827,108 | 99.40% | 2,226,992 | 0.60% |
| 2. | Appointment of Auditors |
Ernst & Young LLP was appointed as the auditors of the Bank.
| Votes for | Votes withhold | ||
| 352,568,204 | 91.94% | 30,897,415 | 8.06% |
| 3. | Advisory resolution regarding our Executive Compensation Approach |
| Votes for | Votes withhold | ||
| 360,174,591 | 96.56% | 12,843,055 | 3.44% |
| 4. | Shareholder Proposal 1: Oil and Gas Sector Divestment Impact |
| Votes for | Votes withhold | Votes abstain* | |||
| 2,425,706 | 0.65% | 368,328,632 | 99.35% | 2,290,349 | 0.62% |
| 5. | Shareholder Proposal 2: In-person Annual Meetings |
| Votes for | Votes withhold | Votes abstain* | |||
| 197,323,976 | 53.11% | 174,190,613 | 46.89% | 1,538,290 | 0.41% |
| 6. | Shareholder Proposal 3: Country-level Renumeration Ratios |
| Votes for | Votes withhold | Votes abstain* | |||
| 43,680,634 | 12.61% | 302,598,016 | 87.39% | 26,774,278 | 7.73% |
| 7. | Shareholder Proposal 4: Advisory Vote on Environmental Policy |
| Votes for | Votes withhold | Votes abstain* | |||
| 48,774,657 | 14.23% | 294,048,424 | 85.77% | 30,228,390 | 8.82% |
| 8. | Shareholder Proposal 5: CEO to Median Worker Pay Ratio |
| Votes for | Votes withhold | Votes abstain* | |||
| 36,050,456 | 10.40% | 310,542,879 | 89.60% | 26,455,481 | 7.63% |
* An abstention is counted as present for quorum purposes but is not counted as a vote cast in determining whether the requisite majority of votes cast has approved the proposal.