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EX-99.1 - DIRECTOR ELECTION REPORT - Federal Home Loan Bank of New York | lettertostockholders-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
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000-51397
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136400946
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(State or Other
Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS
Employer
Identification No.)
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101 Park
Avenue,
New York, New York
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10178-0599
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(Address of Principal Executive Offices)
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(Zip Code)
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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.
Exhibit
Number
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Description
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99.1
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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.
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Federal Home Loan
Bank of New York
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Date: November 30,
2018
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By:
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/s/
Kevin M.
Neylan
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Name: Kevin
M. Neylan
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Title: Senior
Vice President and Chief Financial Officer
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