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EX-99.1 - DIRECTOR ELECTION REPORT - Federal Home Loan Bank of New Yorklettertostockholders-kilb.htm
 
 

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): November 29, 2018
 
Federal Home Loan Bank of New York
(Exact name of Registrant as Specified in Its Charter)
 
Federally Chartered Corporation
000-51397
136400946
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
 
 
101 Park Avenue,
New York, New York
 
10178-0599
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s Telephone Number, Including Area Code: (212) 441-6616
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
  ___________________________
 
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 Instructions 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
(d) On November 29, 2018, the Federal Home Loan Bank of New York ("FHLBNY") received a non-objection notice from the FHLBNY’s regulator, the Federal Housing Finance Agency (“FHFA”), regarding the November 15, 2018 vote of the FHLBNY’s Board of Directors (“Board”) to elect Mr. Charles E. Kilbourne, III, Managing Director of the Financial Service Volunteer Corps, New York, New York, to serve as an Independent Director and a Public Interest Director effective as of January 1, 2019. Mr. Kilbourne is filling a vacancy arising from the departure of former Independent Director Edwin Reed (which was announced in a Current Report on Form 8-K filed on September 20, 2018); his term will run through and until December 31, 2020, the end date of the directorship that had been held by Mr. Reed.
 
The election of Mr. Kilbourne by the Board took place in accordance with the rules governing the filing of vacancies on the Boards of Directors of Federal Home Loan Banks contained in the regulations of the FHFA. As of the time of this filing, Mr. Kilbourne has not been named to serve on any committee of the Board for 2019; further, whether Mr. Kilbourne is expected to be named to serve on any committee of the Board for 2019 has not yet been determined.
 
The compensation of Mr. Kilbourne will be in accordance with the FHLBNY’s 2019 Director Compensation Policy, details of which were disclosed in a Current Report on Form 10-Q filed on November 8, 2018. 
 
Item 8.01 Other Events.
 
On November 30, 2018, the FHLBNY issued a Director Election Report to FHLBNY members announcing the election by the Board of Charles E. Kilbourne, III, as an Independent Director and a Public Interest Director. A copy of the Report is attached as Exhibit 99.1
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
 
 
 
 
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.
 
 
 
Federal Home Loan Bank of New York
 
 
 
 
 
Date: November 30, 2018
By:  
/s/   Kevin M. Neylan
 
 
 
Name:  Kevin M. Neylan
 
 
 
Title: Senior Vice President and Chief Financial Officer