PB 8-K
Prosperity Bancshares Inc (PB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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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
On April 18, 2023, Prosperity Bancshares, Inc. (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”). Holders of 82,469,814 shares of the Company’s outstanding common stock (“Common Stock”), representing 90.32% of the shares entitled to vote as of the record date for the Annual Meeting, participated in person or by proxy.
The matters voted on at the Annual Meeting were:
Kevin Hanigan, William T. Luedke IV, Perry Mueller, Jr. and Harrison Stafford II were elected as Class I directors to serve on the Board of Directors of the Company (the “Board”) until the Company’s 2026 Annual Meeting of Shareholders, Dr. Laura Murillo was elected as a Class II director to serve on the Board of Directors until the Company's 2024 Annual Meeting of Shareholders, and Ileana Blanco was elected a Class III director to serve on the Board of Directors until the Company's 2025 Annual Meeting of Shareholders, and each until their successors are duly elected and qualified, or until their earlier resignation or removal. The table below contains a summary of the number of votes for, votes withheld and broker non-votes for each nominated director:
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Votes For |
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Votes Withheld |
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Broker Non-Votes |
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Kevin J. Hanigan (Class I) |
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66,974,705 |
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10,410,764 |
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5,084,344 |
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William T. Luedke IV (Class I) |
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60,186,277 |
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17,199,193 |
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5,084,344 |
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Perry Mueller, Jr. (Class I) |
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60,821,784 |
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16,563,685 |
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5,084,344 |
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Harrison Stafford II (Class I) |
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67,098,377 |
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10,287,032 |
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5,084,344 |
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Laura Murillo (Class II) |
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76,893,455 |
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492,014 |
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5,084,344 |
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Ileana Blanco (Class III) |
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76,701,323 |
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684,146 |
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5,084,344 |
The following Class II and Class III directors continued in office after the Annual Meeting: James A. Bouligny, W.R. Collier, Robert Steelhammer, H.E. Timanus, Jr., Leah Henderson, Ned S. Holmes, Jack Lord and David Zalman.
The shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 by the votes set forth in the table below:
Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
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81,236,159 |
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1,197,737 |
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35,917 |
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0 |
The shareholders adopted, on a non-binding, advisory basis, a proposal approving the compensation of the Company’s named executive officers by the votes set forth in the table below:
Votes For |
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Votes Against |
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Abstentions |
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Broker Non-Votes |
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73,746,926 |
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3,260,079 |
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378,464 |
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5,084,344 |
The shareholders selected, on a non-binding, advisory basis, an annual frequency for the shareholder vote on the compensation of the Company’s named executive officers by the votes set forth in the table below:
1 Year |
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2 Years |
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3 Years |
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Abstentions |
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Broker Non-Votes |
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74,029,289 |
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468,333 |
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2,147,200 |
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738,951 |
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5,084,344 |
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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PROSPERITY BANCSHARES, INC. (Registrant) |
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Dated: April 19, 2023 |
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By: |
/s/ Charlotte M. Rasche |
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Charlotte M. Rasche |
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Executive Vice President and General Counsel |