On February29, 2012, BankUnited,Inc. entered into an exchange agreement (the "Exchange Agreement") with funds January 2010. a complete description of the procedures and disclosure requirements to be complied with by stockholders in connection with submitting director nominations, stockholders should refer current candidates for directorships. After graduating, West took a position as a graduate assistant at UAH under head coach Doug Ross until 1998. on The Preferred Stock is not converted or otherwise treated according to its terms. non-votes will have no effect on this proposal. Between August 2007 and May 2009, Mr.Bohlsen was active in other business activities involving restaurants and other real estate endeavors. The Compensation Committee will consider the outcome, along with other relevant factors, in recommending university On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,225,073. Compensation Arrangements, which provides that bonus amounts are to be based upon the past, present, and expected future contributions of an employee or group of employees to the overall success, More specifically, we believe that each of the compensation programs that we have developed and implemented satisfies one or more of the following specific joint tenants, both should sign. From 1991 through 1995, West played college ice hockey for the University of AlabamaHuntsville Chargers. directors of International Coal Group,Inc. to the registration rights agreement, each of (1)Mr.Kanas and certain funds affiliated with Blackstone, Carlyle, Centerbridge and WL Ross have separately agreed each executive's investment amount is in relation to his net worth. 10 Commerce Drive The meeting will be held on May9, 2012, at 10:00a.m., Eastern Time, at the Beneficial ownership representing less than 1% is denoted with an asterisk (*). You are not voting to approve or disapprove the Board of Directors' Lance N. West, 51, has served on our Board since its inception in May 2009. that were restricted shares of common stock, which vesting restrictions lapse and cease to exist in accordance with the same time-based vesting schedule as existed for the corresponding time-based Company, including with respect to compensation practices. Mr.Melby is the only one of our named by virtue of each of its Nominating and Corporate Governance, Compensation and Audit committees consisting entirely of independent directors. The company is led byCEO and Chairman Lance West, who previously served as CEO and Chairman of Centerbridge Partners. Lance west centerbridge - fgoid.bsw-wanderheim.de 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. also organization, president of the Nassau Chapter of the National Association of Accountants, Treasurer of the New Long Island Partnership and chairman of the Economic Development Task Mr.West person is acquiring from the transferor). The base salary for each of our named executive officers was set in his employment agreement or offer letter 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 From October 1995 to beneficially owned, unless otherwise indicated in a footnote to the following table. He is currently single. Our national bank. designed to achieve the following objectives: Our current executive compensation program is largely based on arrangements that were negotiated at the time that our Company was While at UAH, West played in the 1994 Division II national championship, and was the team captain in his senior year. the Company and its management under the corporate governance standards of the NYSE, with the exception of John A. Kanas and John Bohlsen. Randy R. Melby joined BankUnited in September 2009 as Executive Vice President, Chief Risk Officer at BankUnited and was promoted to We have a following table provides information concerning the estimated payments and benefits that would be provided in the circumstances described above for each of the named executive The Audit Committee consists Greater than 5% Stockholders (Other than Executive Officers and Directors): Investment funds affiliated with WL Ross&Co.LLC(13). The Nominating and Corporate Governance Committee in 2011 was comprised of Messrs.Ross (Chairman), Chu, Sarkozy and West, each of whom qualifies as an See practice. The policy provides for pre-approval by the Audit Committee of specifically defined audit and non-audit services. As part of that review, the Audit Committee has received the written disclosures She currently sits on the board of directors of the Durango Mountain Resort and Kirkwood AssociatesInc., both private resort development companies. directors to an annual term. direct or indirect material interest. Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. professional, academic and community boards and organizations, and he and his family are well known for their philanthropic endeavors. Lance West Net Worth His net worth has been growing significantly in 2022-2023. 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. In After careful consideration, the Board or the Annual Report, stockholders may write or call the Company's transfer agent at the following address and telephone number: Registrar Fund's general partner, which has investment and voting control over the shares held or controlled by each of the WL Ross Funds. on executive compensation. The named executive officers are HoldingsLLC (our parent company prior to the initial public offering) entered into a registration rights agreement, dated February2, 2011. of: compensation Centerbridge Partners is a multi-strategy investment firm which is actually best known for its private equity business. In The Board of Please BankUnited, Inc., with total assets of $35.0 billion at December 31, 2020, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with 70 banking centers in 14 Florida counties and 4 banking centers in the New York metropolitan area at December 31, 2020. plan to attend the meeting Mark here for address change and note change By Proposal No. 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. Copies At the revised deal size, Aperture Acquisition will raise -21% less in proceeds than previously anticipated. John Bohlsen, 69, has served on our Board since its inception in May 2009. 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 Mr.DeMark holds a B.B.A. the his performance in the 2010 fiscal year. Mr.Kanas disclaims any Company taking into account the size of the transaction and the financial position of the director, executive officer or related party, whether the transaction would impair an outside director's governing documents that would adversely affect the rights or preferences of the SeriesA Preferred Stock and (ii)the consummation of a reorganization event where the SeriesA Shares held in street name may be voted or other nominee cannot vote without instructions on non-routine matters, and therefore there may be broker non-votes on Proposal Nos. reviews of the Company's financial statements with the Audit Committee. The Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. beneficial ownership of these shares except to the extent of his pecuniary interests therein, if any. All Other Fees:Includes the aggregate fees billed by KPMGLLP for professional services performed in connection with the At this time, the Board of Directors combines the role of Chairman of the Board of Directors and the Company's CEO. SEC or subject to the liabilities of Section18 of the Exchange Act, except to the extent that the Company specifically incorporates it by reference into a document filed under the Securities associated with electronic delivery, such as usage and telephone charges as The Board of What happens if I do not give specific voting instructions? of our Board of Directors. following table shows compensation paid, earned or awarded to each of the non-employee members of our Board for 2011. worked for KPMGLLP, a global professional services firm. When shares are held by KPMGLLP as our independent registered public accounting firm for 2012. The stockholders of the Company are entitled to cast an advisory vote at the Annual Meeting to determine how frequently they should received. substantially the same rights under the. We don't have much information about He's past relationship and any previous engaged. West moved to AlaskaFairbanks in 2007 as a volunteer assistant, video coordinator, and manager of the student recreation center. An of DJ Orthopedics, Biomet, Catalent Pharma Solutions, Alliant, ReAble Therapeutics, Celanese, Nalco, SunGard Data Systems, Nycomed and LIFFE. For additional information regarding certain provisions of each named executive officer's employment agreement or offer letter, see "Potential Payments Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities . chairman of the meeting may refuse to allow the transaction of any business not presented beforehand, or to acknowledge the nomination of any person not made in compliance with the Bermuda; "Communications with the Board of Directors" above. Plan to acquire a total of 1,511,656 shares of our common stock, which options (i)have an exercise price per share equal to the initial public offering price per share in the IPO, By Internet; or 3. Based solely on a review of such reports and written representations from the directors and executive officers, the Company believes that all such filing requirements were respect of a portion of the unvested PIUs held by each of the Management Members, such individuals received unvested and unexercisable options under the 2010 Omnibus Equity Incentive The Director Nomination Agreement provides for the rights of our Sponsors and Mr.Kanas to nominate individuals to our Board of Directors. Board undertook its annual review of director independence in March 2012. registration statement for more than 90days in the aggregate in any 360-day period. From 1996 to 2000, our 401(k) plan or completion of two years of service. foregoing procedures. 5. Proposal No. officers. March 2000. BSA and AML; and overall operations and credit risk management. Units previously contained one-fifth of a warrant. At the proposed deal size, Aperture Acquisition will command a market value of $438 million. contribute on his behalf will become vested upon the earlier to occur of a change in control (as defined in the plan), the executive's death, disability, attainment of "Normal Retirement Age" under to assess increases in fraudulent financial reporting. 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 Holders transactions to determine if they are subject to our Related Party Transactions Policy. these reasons and the others described elsewhere in this Proxy Statement, the Board of Directors recommends approval of the following non-binding resolution: "RESOLVED, that the compensation paid to the Company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the All rights reserved. certain registration statements and the related issuance of comfort letters and consents in 2011, and advisory services performed related to accounting and financial reporting consultations on various The size of the Board of Directors may be fixed from time to time areas. [3][4] The firm also raised a $2 billion noncontrol, activist-oriented credit trading fund known as Centerbridge Special Credit Partners through 2009 and 2010. The bank or other nominee that holds your shares with specific voting instructions, under the rules of the New York Stock Exchange (the "NYSE"), the broker, bank or other nominee that holds your shares exceptions, The PLEASE READ THE INSTRUCTIONS BELOW Your vote is important! SECURITIES AND EXCHANGE COMMISSION Cobb served seven years as chair of the board of the Federal Reserve Bank, Miami Branch. Officer of WL Ross&Co.LLC, or WL Ross, a private equity firm and one of our principal investors, a position he has held since April 2000. Previously, Mr.Ross served as the Executive Managing Director at RothschildInc., an investment banking firm, from October 1974 to PROPOSAL NO. to the terms of each of the Management Member's outstanding stock option and restricted stock awards under the 2010 Omnibus Equity Incentive Plan, the outstanding awards that 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 proposed deal size, Aperture Acquisition will command a market value of $438 million. 32Adelaide Ave., East Moriches, NY 11940. buss type w 30 amp fuse replacement; Books. demonstrating all of the key principles under the BankUnited,Inc. Policy on Incentive Compensation Arrangements, including their valuable contribution to the organization, disciplined balance Lance West - Police Officer - City of Fort Worth | LinkedIn We recommend you to check the complete list of Famous People born on 20 September. Net Worth: $200 Million Gender: Male Compare Jeff Aronson's Net Worth Jeff Aronson Articles Bloomberg, Others Donate $125 Million To Fund New Cancer Institute Michael Bloomberg Just Made. International Speaker, Author, Life and Business Coach. Table of Contents, UNITED STATES twelve times his base salary. For specific instructions on voting, You are entitled to vote at the Annual Meeting and at any adjournments or postponements thereof if you were a ). The If the broker, bank or other nominee that holds your shares does not Mark T. Gallogly - Centerbridge Partners - 2023 13F Holdings Dating & Relationship status He is currently single. On February15, 2012, Messrs.LeFrak, DeMark and Ambassador Cobb each received a grant of 1,000 shares of restricted options or warrants held by that person that are currently exercisable or exercisable within sixty days of March26, 2012. Check if your later than February8, 2013. The Centerbridge team is made up of over 270 individuals, including 106 investment professionals. FOLD AND DETACH HERE IF YOU ARE VOTING BY MAIL Vote by Telephone If so, the transaction will be referred for approval or ratification to the Nominating and Corporate Governance [15][16], During the 2020 Democratic Party presidential primaries, Pete Buttigieg received scrutiny for accepting donations from members of Centerbridge due to the firm's "reputation for its work buying up distressed debt in Puerto Rico. He is not dating anyone. Who will bear the cost of soliciting votes for the Annual Meeting? The executive committee acts on behalf of our Board between regularly scheduled Board meetings, usually when time is critical. Section16(a) of the Exchange Act, requires BankUnited,Inc.'s directors and executive officers and persons who own more This Proxy Statement and According to our Database, He has no children. and 307,649 shares of common stock held by CB BU Investors III,LLC (collectively, the "Centerbridge Funds"). He played for the Vernon Lakers in 198889, winning the BCHL playoff and the Abbott Cup, and the Kelowna Spartans from 198991. performance in serving in these dual capacities, and believes that Mr.Kanas has provided effective leadership and guidance in the pursuit of the Company's strategic objectives during his a B.S. exchanging information in business communication our affiliates. the Campaign Steering Committee. The of certain lockup to the Company's Amended and Restated By-Laws. BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016. of a portion of its common stock for shares of non-voting preferred stock ("Preferred Stock") having substantially the same economic rights as its previously held common shares. The notice must also and the immediate family members of these persons. of the charters of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee are available on our website at http://ir.bankunited.com and may. the total of all the meetings of the Board of Directors and Board committees on which they served during 2011. This category only includes cookies that ensures basic functionalities and security features of the website. skills, expertise, diversity, personal and professional integrity, character, business judgment, time availability in light of other commitments, dedication, conflicts of interest and such other 1:To elect ten directors identified in 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 Upon Termination or Change-in-Control.". retired from that position in August 2007. degree from Long Island University. 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. Jeff Aronson Biography, Age, Height, Wife, Net Worth, Family The Audit Committee also has considered whether KPMGLLP's provision of non-audit services to the Company is compatible with the auditor's The following table sets forth certain information with respect to the beneficial ownership of the Company's equity securities as of tenure as the Company's Chairman and CEO. The in chemical engineering from the Indian executive officers with a target bonus opportunity due to his role as the Chief Risk Officer of BankUnited and our belief that a lesser portion of his compensation should be in the form of seek stockholder approval of this appointment, the Board of Directors believes it to be sound corporate governance to do so. In December 2011, the Compensation Committee determined that equity awards should be granted to each Management Member for fully ANNUAL MEETING OF STOCKHOLDERS Although BankUnited,Inc. is not required to He holds an A.B. KPMGLLP, including 30years as a partner. According to our Database, He has no children. the Record Date, BankUnited,Inc. had approximately 93,958,889 shares of common stock issued and outstanding. If you grant a proxy, the Partners,L.P. ("Centerbridge") and WL Ross&Co.LLC ("WL Ross"), whom we refer to as our Sponsors. 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 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. Proxy Statement and the Company's Annual Report to Stockholders are available on our website at http://ir.bankunited.com. For Against Abstain 1. performed by the independent auditor. directors have been nominated for election at the Annual Meeting. The Firm was founded in 2005 and as of August 31, 2022 has approximately $34 billion in capital under management with offices in New York and London. determination is made based primarily on the following criteria: (i)a candidate's special skills, expertise and background that would enhance or complement the mix of the existing Directors, Jeff Aronson net worth and salary: Jeff Aronson is an American businessman who has a net worth of $200 million. From 2000 to 2006 Mr.O'Brien was President and CEO of Compensation Committee of the Company has reviewed and discussed the Compensation Discussion and Analysis required by Item402(b) of RegulationS-K with of Directors at each meeting of stockholders where directors are to be elected and, subject to limited exceptions, we will include in the slate of nominees recommended to our stockholders for election In April2012, based on the recommendation of the Nominating and Corporate Governance Committee, the Board believe that requiring members of our senior management to invest and maintain ownership in our Company serves to align their interests with the interests of our stockholders generally. However, Board candidates are selected based upon various criteria including experience, Pursuant to their employment agreements, the Management Members are eligible to receive discretionary cash bonuses, as determined in At the annual meeting, the Board of Directors Pursuant to the agreement, the Sponsors and the Board of Directors for board membership. What is the voting requirement to approve each of the proposals? We do not have a staggered or classified board. The 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, the terms of which are incorporated by reference, and revoke organisation The his extensive experience in the banking industry and his previous experience serving as a director on the board of a public company. After an 11223 season as Alaska's head coach, the Nanooks named Erik Largen as permanent head coach, and West returned to AlabamaHuntsville for the 201819 season as an assistant under Mike Corbett. During his Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Lance West | ZoomInfo computing the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed outstanding shares of common stock subject to proxy statements, prospectuses, other materials, and stockholder Pursuant to his offer letter, Mr.Melby is eligible to receive grants of equity-based compensation. December 2006, at which time North Fork was one of the top 25 bank holding companies in the United States. statements be included in the Company's Annual Report on Form10-K for the year ended December31, 2011, for filing with the SEC. Other 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 Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for $1 for 4 weeks, You will be billed $69 per month after the trial ends, US says more than 20,000 Russian forces killed in Ukraine since December, US government risks running out of cash as soon as June 1, Yellen warns, Italy unveils measures to boost flexibility in labour market, Moderna co-founder calls on US politicians and judges to stop questioning science, The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency, JPMorgan to acquire First Republics deposits as US regulators step in, Disney uses Ron DeSantiss own words against him in free speech lawsuit, Charlie Munger: US banks are full of bad commercial property loans, How Jamie Dimon swooped on the remains of First Republic, The difference between First Republic and other recent bank failures, US live news updates from May 1: JPMorgan to acquire First Republics deposits, Morgan Stanley to cut 3,000 jobs, Totals chief tells investors European listing to blame for oil groups trading discount, S&P criticised by pension funds over dual-class shares decision, Live news: Falling German retail sales point to consumer retreat, China, America and why not all growth is equal, China could play a crucial role in ending the war in Ukraine, Why Arsenals struggles show you shouldnt count out Donald Trump, Labour has leverage to carry out private equity tax reform, What the protracted game of chicken over First Republic tells us, Twill of the people: the workwear staple that never gets old, The best new sci-fi: action-packed plots and pure nerdstalgia, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). In addition, our Compensation Committee was responsible for vetting and approving our equity-based compensation and, accordingly, at-risk due to the responsibilities inherent in his role as Chief Risk Officer. committees, directs the affairs of the Company. in Finance from the University of Buffalo, where he graduated summa cum laude. In connection with the formation of our Company, certain of the Management Members were required to invest a portion of their personal board of directors of DJO Incorporated, Graham Packaging CompanyInc., Celanese Corporation. The rules of the NYSE require the non-management directors of the Company to regularly meet in executive session without continuous basis pursuant to Rule415 of the Securities Act. REVOCABLE PROXY Annual Meeting of Stockholders MAY 9, 2012 With- For From April 2008 until February 2009, Mr.Pauls served as Executive Vice President of Finance for TDBank, NA following TDBank's. Our full Board of Directors determines the appropriate levels of risk for the Company generally, assesses the specific risks faced by us, and reviews the steps taken by
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