Attached files
file | filename |
---|---|
EX-10.49 - EXHIBIT 10.49 RAIMONDI AGREEMENT - BOSTON PRIVATE FINANCIAL HOLDINGS INC | bpfhex1049raimondiagreemen.htm |
EX-10.50 - EXHIBIT 10.50 GRIFFIN LETTER - BOSTON PRIVATE FINANCIAL HOLDINGS INC | bpfhex1050griffinletterq42.htm |
EX-23.1 - EXHIBIT 23.1 AUDITOR CONSENT - BOSTON PRIVATE FINANCIAL HOLDINGS INC | bpfhex231consentq41410-ka.htm |
EX-31.2 - EXHIBIT 31.2 CFO CERT - BOSTON PRIVATE FINANCIAL HOLDINGS INC | bpfhex312q4201410-ka.htm |
EX-31.1 - EXHIBIT 31.1 CEO CERT - BOSTON PRIVATE FINANCIAL HOLDINGS INC | bpfhex311q4201410-ka.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________________________________________
FORM 10-K/A
(Amendment No. 1)
______________________________________________________________
x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2014 | |
OR | |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to |
Commission file number 0-17089
______________________________________________________________
BOSTON PRIVATE FINANCIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
______________________________________________________________
Commonwealth of Massachusetts | 04-2976299 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |
Ten Post Office Square Boston, Massachusetts | 02109 | |
(Address of principal executive offices) | (Zip Code) | |
(Registrant’s telephone number, including area code): (617) 912-1900 |
Securities registered pursuant to Section 12(b) of the Act: | ||
Title of Each Class | Name of Each Exchange on Which Registered | |
Common Stock | The NASDAQ Stock Market LLC | |
Depositary Shares Each Representing a 1/40th Interest in a Share of 6.95% Non-Cumulative Perpetual Preferred Stock, Series D | The NASDAQ Stock Market LLC | |
Warrants to Purchase Shares of Common Stock, and Underlying Shares of Common Stock, Par Value $1.00 Per Share | The NASDAQ Stock Market LLC |
Securities registered pursuant to Section 12(g) of the Act: None
_______________________________________________________________
Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x
Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Act. Yes o No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
Large accelerated filer x | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o | |||
(Do not check if a smaller reporting company) |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes o No x
The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant, computed by reference to the last reported sales price on the NASDAQ Global Select Market on June 30, 2014 was $1,048,686,892.
The number of shares of the registrant’s common stock outstanding on February 23, 2015 was 83,126,009.
Documents Incorporated by Reference:
Portions of the registrant’s proxy statement for the Company’s 2015 Annual Meeting of Shareholders are incorporated by reference in Item 5 of Part II and Items 10, 11, 12, 13, and 14 of Part III.
EXPLANATORY NOTE
We are filing this Amendment No. 1 to our Annual Report on Form 10-K (this “Amendment”) to amend our Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2015 (the “Form 10-K”). The sole purpose of this Amendment is to file Exhibits 10.49 and 10.50 which were inadvertently omitted from the Form 10-K.
In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications by our principal executive officer and principal financial officer are filed as exhibits to this Amendment.
No changes have been made in this Amendment to modify or update the other disclosures presented in the Form 10-K. This Amendment does not reflect events occurring after the filing of the original Form 10-K or modify or update those disclosures that may be affected by subsequent events. This Amendment should be read in conjunction with the Form 10-K and our other filings with the SEC.
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
1.Financial Statements
The following documents were previously filed with the SEC on March 2, 2015 as part of our Annual Report on Form 10-K for the fiscal year ended December 31, 2014, which is being hereby amended.
2. Financial Schedules
None.
3. Exhibits
Exhibit Number | Description | Incorporated by Reference | |||||||||
Form | SEC Filing Date | Exhibit Number | Filed or Furnished with this 10-K/A | ||||||||
3.1 | Restated Articles of Organization of Boston Private Financial Holdings, Inc. | 8-K | 8/2/2010 | 3.1 | |||||||
3.2 | Amended and Restated By-Laws of Boston Private Financial Holdings, Inc. | 8-K | 8/2/2010 | 3.2 | |||||||
3.3 | Articles of Amendment of Boston Private Financial Holdings, Inc. | 8-K | 5/2/2012 | 3.1 | |||||||
3.4 | Articles of Amendment of Boston Private Financial Holdings, Inc. | 8-K | 4/22/2013 | 3.1 | |||||||
3.5 | Articles of Amendment of Boston Private Financial Holdings, Inc. | 8-A | 4/24/2013 | 3.5 | |||||||
4.1 | Form of Warrant for Purchase of Shares of Common Stock (included as part of Exhibit 10.47) | 8-A | 2/2/2011 | 4.1 | |||||||
4.2 | Master Deposit Agreement, dated April 24, 2013, by and among the Registrant, Computershare Trust Company, N.A., and Computershare Inc., collectively, as depositary, and the holders from time to time of the depositary receipts described therein. | 8-A | 4/24/2013 | 4.1 | |||||||
4.3 | Form of Certificate Representing Series D Preferred Stock | 8-A | 4/24/2013 | 4.2 | |||||||
*10.1 | Employee Incentive Stock Option Plan of Boston Private Financial Holdings, Inc. | S-1 | 4/1/1991 | 10.1 | |||||||
*10.2 | Employee Incentive Compensation Plan of Boston Private Financial Holdings, Inc. | S-1 | 4/1/1991 | 10.2 | |||||||
*10.3 | Boston Private Financial Holdings, Inc. 2001 Employee Stock Purchase Plan (As Amended and Restated as of January 1, 2010) | 10-Q | 5/7/2010 | 10.1 | |||||||
*10.4 | Boston Private Financial Holdings, Inc. 2006 Non-Qualified Employee Stock Purchase Plan | S-8 | 6/2/2006 | 99.1 | |||||||
*10.5 | 1998 Amendment and Restatement of Directors’ Stock Option Plan of Boston Private Financial Holdings, Inc., as amended February 7, 2003 | 10-K | 3/12/2004 | 10.21 | |||||||
*10.6 | Boston Private Financial Holdings, Inc. 2004 Stock Option and Incentive Plan | S-8 | 6/15/2004 | 99.1 |
Exhibit Number | Description | Incorporated by Reference | |||||||||
Form | SEC Filing Date | Exhibit Number | Filed or Furnished with this 10-K/A | ||||||||
*10.7 | Form of Non-Qualified Stock Option Agreement for Employees under the Boston Private Financial Holdings, Inc. 2004 Stock Option and Incentive Plan | 8-K | 12/20/2006 | 10.1 | |||||||
*10.8 | Form of Non-Qualified Stock Option Agreement for Non-Employee Directors under the Boston Private Financial Holdings, Inc. 2004 Stock Option and Incentive Plan | 8-K | 12/20/2006 | 10.2 | |||||||
*10.9 | Form of Restricted Stock Award under the Boston Private Financial Holdings, Inc. 2004 Stock Option and Incentive Plan | 8-K | 12/20/2006 | 10.3 | |||||||
*10.10 | Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | S-8 | 5/14/2009 | 99.1 | |||||||
*10.11 | Form of Non-Qualified Stock Option Agreement for Employees under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-K | 3/13/2012 | 10.11 | |||||||
*10.12 | Form of Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 8/7/2009 | 10.3 | |||||||
*10.13 | Form of Performance Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-K | 3/11/2011 | 10.13 | |||||||
*10.14 | Form of Amendment to Performance Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-K | 3/11/2011 | 10.14 | |||||||
*10.15 | Form of Non-Qualified Stock Option Agreement for Employees under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 8/5/2011 | 10.4 | |||||||
*10.16 | Form of Restricted Stock Agreement under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 8/5/2011 | 10.2 | |||||||
*10.17 | Form of Performance Restricted Stock Agreement under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 8/5/2011 | 10.3 | |||||||
*10.18 | Form of Restricted Stock Agreement Under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 5/8/2012 | 10.1 | |||||||
*10.19 | Form of Performance Stock Agreement Under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 5/8/2012 | 10.2 | |||||||
*10.20 | Form of Stock Option Agreement Under the Boston Private Financial Holdings, Inc. 2009 Stock Option and Incentive Plan | 10-Q | 5/8/2012 | 10.3 | |||||||
*10.21 | Boston Private Financial Holdings, Inc. Amended and Restated 1997 Long-Term Incentive Plan | 10-K | 3/13/2002 | 10.16 | |||||||
*10.22 | Boston Private Financial Holdings, Inc. Deferred Compensation Plan, As Amended and Restated as of January 1, 2009 | 10-K | 3/12/2010 | 10.44 | |||||||
*10.23 | Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan | 8-K | 6/8/2010 | 10.2 | |||||||
*10.24 | First Amendment to Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan | 8-K | 8/2/2010 | 10.1 | |||||||
*10.25 | Inducement Restricted Stock Award Agreement Under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, dated August 2, 2010, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 8-K | 8/2/2010 | 10.2 | |||||||
*10.26 | Time-Based Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, dated August 2, 2010, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 8-K | 8/2/2010 | 10.3 | |||||||
*10.27 | Vesting Clarification Letter, dated March 8, 2012, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 10-K | 3/13/2012 | 10.25 |
Exhibit Number | Description | Incorporated by Reference | |||||||||
Form | SEC Filing Date | Exhibit Number | Filed or Furnished with this 10-K/A | ||||||||
*10.28 | 2009 Performance Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, dated August 2, 2010, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 8-K | 8/2/2010 | 10.4 | |||||||
*10.29 | Amendment to 2009 Performance Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, dated March 10, 2011, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 10-K | 3/11/2011 | 10.22 | |||||||
*10.30 | 2010 Performance Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, dated August 2, 2010, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 8-K | 8/2/2010 | 10.5 | |||||||
*10.31 | Amendment to 2010 Performance Restricted Stock Award Agreement under the Boston Private Financial Holdings, Inc. 2010 Inducement Stock Plan, dated March 10, 2011, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 10-K | 3/11/2011 | 10.24 | |||||||
*10.32 | Boston Private Financial Holdings, Inc. Executive Bonus Plan | 8-K | 2/3/2009 | 10.4 | |||||||
*10.33 | Annual Executive Incentive Plan of Boston Private Financial Holdings, Inc. | 8-K | 5/2/2011 | 99.1 | |||||||
*10.34 | Employment Agreement, dated June 7, 2010, by and between Boston Private Financial Holdings, Inc. and Clayton G. Deutsch | 8-K | 6/8/2010 | 10.1 | |||||||
*10.35 | Employment Agreement dated March 29, 2011 by and between Boston Private Financial Holdings, Inc. and Mark D. Thompson | 8-K | 3/31/2011 | 10.1 | |||||||
*10.36 | Vesting Clarification Letter, dated March 8, 2012, by and between Boston Private Financial Holdings, Inc. and Mark D. Thompson | 10-K | 3/13/2012 | 10.13 | |||||||
*10.37 | Change in Control Protection Agreement, dated November 21, 2003, by and between Boston Private Financial Holdings, Inc. and Margaret W. Chambers | 10-K | 3/15/2005 | 10.24 | |||||||
*10.38 | Change in Control Protection Agreement, dated January 28, 2009, by and between Boston Private Financial Holdings, Inc. and David J. Kaye | 8-K | 2/3/2009 | 10.2 | |||||||
*10.39 | Letter Agreement, dated July 3, 2007, by and between Boston Private Financial Holdings, Inc. and David J. Kaye | 10-Q | 11/6/2009 | 10.1 | |||||||
*10.40 | Change in Control Protection Agreement, dated January 28, 2009, by and between Boston Private Financial Holdings, Inc. and Martha T. Higgins | 8-K | 2/3/2009 | 10.3 | |||||||
10.41 | Indenture, dated October 12, 2004, between Boston Private Financial Holdings, Inc. and Sun Trust Bank, as debenture trustee | 8-K | 10/15/2004 | 10.1 | |||||||
10.42 | Guarantee Agreement, dated as of October 12, 2004, by Boston Private Financial Holdings, Inc. and Sun Trust Bank, as trustee, for the benefit of the holders from time to time of the Trust Preferred Securities and Trust Common Securities of Boston Private Capital Trust I | 8-K | 10/15/2004 | 10.2 | |||||||
10.43 | Amended and Restated Declaration of Trust of Boston Private Capital Trust I, dated October 12, 2004 | 8-K | 10/15/2004 | 10.3 | |||||||
10.44 | Indenture, dated September 27, 2005, between Boston Private Financial Holdings, Inc. and Wilmington Trust Company, as debenture trustee | 8-K | 9/30/2005 | 10.1 | |||||||
10.45 | Guarantee Agreement, dated as of September 27, 2005, by Boston Private Financial Holdings, Inc. and Wilmington Trust Company, as trustee, for the benefit of the holders from time to time of the Capital Securities of Boston Private Capital Trust II | 8-K | 9/30/2005 | 10.2 | |||||||
10.46 | Amended and Restated Declaration of Trust of Boston Private Capital Trust II, dated September 27, 2005 | 8-K | 9/30/2005 | 10.3 |
Exhibit Number | Description | Incorporated by Reference | |||||||||
Form | SEC Filing Date | Exhibit Number | Filed or Furnished with this 10-K/A | ||||||||
10.47 | Warrant Agreement, dated February 1, 2011, among Boston Private Financial Holdings, Inc., Computershare, Inc. and Computershare Trust Company, N.A. | 8-A | 2/2/2011 | 4.1 | |||||||
10.48 | Separation Agreement, dated October 10, 2012, by and between the Company and James D. Dawson | 8-K | 11/2/2012 | 10.1 | |||||||
*10.49 | Employment Agreement dated, October 2, 2014, by and between BP Wealth Management LLC, Boston Private Bank & Trust Company, and Peter J. Raimondi | Filed | |||||||||
*10.50 | Letter Agreement, dated May 1, 2014, by and between Boston Private Financial Holdings, Inc. and Corey A. Griffin | Filed | |||||||||
14.1 | Code of Business Conduct and Ethics | 10-K | 2/28/2014 | 14.1 | |||||||
21.1 | List of Subsidiaries of Boston Private Financial Holdings, Inc. | 10-K | 3/2/2015 | 21.1 | |||||||
23.1 | Consent of KPMG LLP, an independent registered public accounting firm | Filed | |||||||||
31.1 | Certification of Chief Executive Officer pursuant to Rule 13a - 14(a)/15d - 14(a) under the Securities Exchange Act of 1934 | Filed | |||||||||
31.2 | Certification of Chief Financial Officer pursuant to Rule 13a - 14(a)/15d - 14(a) under the Securities Exchange Act of 1934 | Filed | |||||||||
32.1 | Certification of the Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | 10-K | 3/2/2015 (Furnished) | 32.1 | |||||||
32.2 | Certification of the Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | 10-K | 3/2/2015 (Furnished) | 32.2 | |||||||
101.INS | XBRL Instance Document | 10-K | 3/2/2015 (Furnished) | 101.INS | |||||||
101.SCH | XBRL Taxonomy Extension Schema Document | 10-K | 3/2/2015 (Furnished) | 101.SCH | |||||||
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | 10-K | 3/2/2015 (Furnished) | 101.CAL | |||||||
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | 10-K | 3/2/2015 (Furnished) | 101.DEF | |||||||
101.LAB | XBRL Taxonomy Extension Label Linkbase Document | 10-K | 3/2/2015 (Furnished) | 101.LAB | |||||||
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | 10-K | 3/2/2015 (Furnished) | 101.PRE | |||||||
* Represents management contract or compensatory plan or agreement.
SIGNATURES
Pursuant to the requirements of Section 13 or 15 (d) 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 on this day, March 13, 2015.
BOSTON PRIVATE FINANCIAL HOLDINGS, INC. | ||
By: | /s/ CLAYTON G. DEUTSCH | |
Clayton G. Deutsch | ||
Chief Executive Officer and President (Principal Executive Officer) |