UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-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): April 20, 2018


VALLEY NATIONAL BANCORP
(Exact Name of Registrant as Specified in Charter)

 
New Jersey
 
1-11277
 
22-2477875
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification Number)
  
1455 Valley Road, Wayne, New Jersey
 
07470
(Address of Principal Executive Offices)
 
(Zip Code)
 
(973) 305-8800
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-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 Rule 12b-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.
    
The Company held its Annual Meeting of Shareholders on April 20, 2018.  On the record date of February 20, 2018, there were 330,804,046 shares of the Company’s common stock outstanding.  A total of 273,421,201 shares were present or represented by proxy at the meeting.  The Company’s shareholders took the following actions:
   
Proposal #1 – Voted on the election of 14 persons, named in the Proxy Statement, to serve as directors of the Company for the ensuing year constituting the entire Board of Directors.  The following is a list of directors elected at the Annual Meeting with the number of votes “For”, “Against”, “Abstain” and Broker “Non-Votes”, as well as the percentage of votes cast “For” each director nominee.
  
    Number of Votes  
Name
 
For
   
% For
   
Against
   
Abstain
   
Broker Non-Votes
 
Andrew B. Abramson
   
188,852,788
     
89.2
     
22,801,795
     
540,368
     
61,226,250
 
Peter J. Baum
   
206,365,963
     
98.7
     
2,689,325
     
3,139,662
     
61,226,251
 
Pamela R. Bronander
   
190,264,929
     
90.9
     
18,959,963
     
2,970,061
     
61,226,247
 
Eric P. Edelstein
   
203,686,425
     
97.4
     
5,381,067
     
3,127,458
     
61,226,251
 
Mary J. Steele Guilfoile
   
199,786,002
     
95.5
     
9,404,805
     
3,004,145
     
61,226,248
 
Graham O. Jones
   
199,349,303
     
95.3
     
9,886,879
     
2,958,768
     
61,226,250
 
Gerald Korde
   
187,688,626
     
88.7
     
23,933,449
     
572,874
     
61,226,252
 
Michael L. LaRusso
   
204,582,439
     
97.8
     
4,528,327
     
3,084,185
     
61,226,249
 
Marc J. Lenner
   
189,227,376
     
90.6
     
19,650,006
     
3,317,567
     
61,226,251
 
Gerald H. Lipkin
   
204,343,401
     
97.6
     
5,007,080
     
2,844,468
     
61,226,251
 
Ira Robbins
   
205,739,415
     
98.4
     
3,440,574
     
3,014,962
     
61,226,250
 
Suresh L. Sani
   
204,180,942
     
97.6
     
4,921,128
     
3,092,881
     
61,226,250
 
Jennifer W. Steans
   
207,053,575
     
99.0
     
2,203,874
     
2,937,500
     
61,226,251
 
Jeffrey S. Wilks
   
168,706,191
     
80.6
     
40,505,165
     
2,983,593
     
61,226,252
 
  
Proposal #2Ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018.

The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was  as follows:
 
   
Number of Votes
   
Percentage
 
For
   
269,497,946
     
98.7
 
Against
   
3,559,185
     
1.3
 
Abstain
   
364,070
         
Broker Non-Votes
   
0
         
 

 
Proposal #3 – Approved, on a non-binding basis, the compensation of the Company’s named executive officers as determined by the Compensation and Human Resources Committee.

The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:
 
   
Number of Votes
   
Percentage
 
For
   
188,789,010
     
89.8
 
Against
   
21,461,454
     
10.2
 
Abstained
   
1,944,480
         
Broker Non-Votes
   
61,226,256
         
   
Proposal #4 – Voted against a shareholder proposal to amend the Company’s By-laws to provide that holders in the aggregate of 10% of the Company’s common stock have the ability to call a special meeting of shareholders.

The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was  as follows:
 
   
Number of Votes
   
Percentage
 
For
   
66,018,855
     
31.6
 
Against
   
142,866,469
     
68.4
 
Abstained
   
3,309,622
         
Broker Non-Votes
   
61,226,255
         
 

 
SIGNATURE

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.

 
Dated:  April 24, 2018
   
VALLEY NATIONAL BANCORP
 
         
 
By:
 
/s/ Ronald H. Janis
 
     
Ronald H. Janis
 
     
Senior Executive Vice President and
General Counsel