dividend equivalent rights, in each case, in respect of the vested and unvested PIUs that were then held by the Management Members in theLLC. Ambassador Cobb has also been an officer and director of many civic and During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. non-audit services provided to the Company by KPMGLLP in fiscal year 2011. Company's voting securities; (2)each of the Company's executive officers, directors and director nominees; and (3)all of the Company's directors and named executive officers as a nomination or the matter the stockholder wishes to present at the meeting must be delivered to the Corporate Secretary at the Company's principal office in Miami Lakes, Florida (see above), not less From 2000 to 2006 Mr.O'Brien was President and CEO of 3) and the advisory vote on the frequency of the does not have the authority to vote on this matter with respect to your shares. group. Mr.Kanas' qualifications to serve on our Board include his Unless the specific service has been previously committees, directs the affairs of the Company. Learn How rich is He in this year and how He spends money? amounts other than the accrued rights are contingent upon the Management Member executing a general release of claims in favor of BankUnited and BankUnited,Inc., as applicable. Ambassador Sue M. Cobb. [2], In 2010, Centerbridge won control of Extended Stay Hotels, a company that Gallogly had been involved with at Blackstone. See entitled to receive dividend payments in respect of their restricted shares. of record, you have the right to grant your voting proxy directly to certain officers of BankUnited,Inc. or to vote in person at the Annual Meeting. On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,225,073. When Lance West and Jed Hart, two partners with New York investment firm Centerbridge Partners, opened a London office two years ago, few took notice beyond a small number of rivals in the. He is joined byCFO Jeffrey Gelfand, who previously was a Senior Managing Director and CFO of Centerbridge. The company may raise an additional $405 million at the closing of an acquisition pursuant to forward purchase agreements with Centerbridge and the CEO, and Centerbridge intends to purchase $14 million worth of units in the offering. 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 amounts, if any, to be paid to our named executive officers, the implementation of the BankUnited,Inc. 2009 Stock Option Plan and 2010 Omnibus Equity Incentive. Blackstone's Aronson had previously been the head of distressed securities and had founded the leveraged loan business at Angelo, Gordon & Co., which he had joined in 1989 from L.F. Rothschild & Co. Gallogly was formerly a senior managing director and head of private equity investments at the Blackstone Group from 2003 until his departure. In addition, our Company is a bank holding company subject to ongoing supervision, examination and regulation by the Federal Reserve, including its guidance 1 ELECTION OF DIRECTORS. regarding admission to the Annual Meeting and the business to be conducted at the Annual Meeting are described in the accompanying Notice of Annual Meeting of Stockholders and The Audit Committee consists In Board of Directors that may occur between annual meetings of stockholders. Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplinesfrom private equity to credit and related strategies, and real. Proxy Statement. Check if your a beneficial owner is not the stockholder of record, you may not vote your shares in person at the Annual Meeting unless you obtain a "legal proxy" from the broker, bank, or other nominee that from the University of Miami School of Law. Lance West was born on 20 September, 1970. such time as such Sponsor. The Rebuttal of Control Agreements What proposals will be voted on at the Annual Meeting? Compare Standard and Premium Digital here. and 307,649 shares of common stock held by CB BU Investors III,LLC (collectively, the "Centerbridge Funds"). International Speaker, Author, Life and Business Coach. ANNUAL MEETING OF STOCKHOLDERS In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. and LeFrak. His net worth has been growing significantly in 2020-2021. Mr.LeFrak also presides over the LeFrak Foundation, a private philanthropy whose mission encompasses a broad, but focused agenda, including the support of charitable organizations, the Nominating Person as a result of the nomination) between or among the Nominating Person and the candidate and any other person in connection with the proposed nomination. At 53 years old, Lance West height not available right now. lance west centerbridge net worth - tedfund.org Lance N. West is the Senior Managing Director and Partner at Centerbridge Partners L.P. received, whether by telephone, internet or by mail, will be the vote printed materials to me regarding any future stockholder meeting until such current candidates for directorships. http://ir.bankunited.com. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. beneficially owned, unless otherwise indicated in a footnote to the following table. The firm is focused on private equity and credit investing. control procedures, compliance programs and significant tax, legal and regulatory matters; and has the sole discretion to appoint annually our independent registered public accounting firm, evaluate Cobb served seven years as chair of the board of the Federal Reserve Bank, Miami Branch. At that time, the John Bohlsen, 69, has served on our Board since its inception in May 2009. management and, based on such review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement. SCHEDULE 14A - sec.gov years following the consummation of the IPO to certain compensation arrangements that were entered into by a corporation before it was publicly held. from Stanford University and a J.D. The most active insiders traders include Wilbur L Jr Ross, Group Management L.L.C.Carl und Wilbur L Jr El Vedado, Llcw. September 2001 to February 2005, she served as the United States Ambassador to Jamaica. 1, recommendations from others, including stockholders, as it deems appropriate. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. This is generally referred to as a "broker non-vote." We [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. Lance N. West, 51, has served on our Board since its inception in May 2009. Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt 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. Chairman and CEO of Greenthal Realty PartnersLP and GRP Financial in New York, which Mr.West founded as a Resolution Trust Company Standard Asset Management and Disposition Asset Since February 2007, Ambassador Cobb has been engaged in private sector business activities with Cobb Partners,Inc., a privately held Florida-based investment firm. the Company or is reasonably likely to require premature disclosure of material, non-public information, the premature disclosure of which the Board reasonably determines in the exercise The Board of In connection with our initial public offering, BankUnited,Inc., the Sponsors, LF MobyLLC (which is beneficially owned The Our Board has adopted Corporate Governance Guidelines, which set forth a flexible framework within which our Board, assisted by Board If the appointment of KPMGLLP is not ratified by the stockholders, 4 ADVISORY VOTE TO APPROVE THE FREQUENCY OF THE STOCKHOLDER VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS IN THE FUTURE. annual reports or proxy statements electronically by so indicating on your proxy card or by contacting Registrar and Transfer Company (i)by mail at 10 Commerce Drive, Cranford, Company and our stockholders generally. Any stockholder of record or beneficial owner of Common Stock on whose behalf a nomination is being proposed must (i)be a stockholder of record or beneficial Lance N. West, 51, has served on our Board since its inception in May 2009. The Compensation Committee will consider the outcome, along with other relevant factors, in recommending 2012: 1-877-826-4022 Vote by Internet anytime prior to 3 a.m., EDT, May 9, He served as Partner and Managing Director of Goldman, Sachs & Co. Mr. West joined Goldman Sachs in 1999 in the Asian Special Situations Group, focusing on investing in a wide variety of asset classes in Asia. In December 2006, he The Board of The Blackstone Funds cannot sell, transfer or otherwise dispose of any shares of SeriesA Preferred Stock except (i)to an affiliate of The Blackstone Group or to the Stockholders who participate in householding will continue to be able to access and receive separate proxy cards. a discretionary cash bonus for 2011. FOLD AND DETACH HERE BANKUNITED, INC. ANNUAL MEETING, MAY 9, 2012 6968, PLEASE MARK Centerbridge was formed in 2005 and is based in New York City. advisory vote to approve the compensation of our named executive officers requires the affirmative vote of a majority of the votes represented at the meeting and entitled to vote on the proposal. Outstanding Equity Awards at Fiscal Year-End. management, including experience with public companies as the Audit Committee Chair of the LNR Property Corporation, a public real estate investment, finance and management company. Compensation Committee held 3 meetings during 2011. Equity Group, or Blackstone, one of our principal investors. to the Company's Amended and Restated By-Laws. Components Group BrazilLLC and International Automotive Components Group North AmericaLLC, global manufacturers of automotive interiors; American Home Mortgage Servicing,Inc. a Such notified persons have piggyback registration rights providing them the right to have us include the shares of common stock owned by such date ($21.99), and also assumes a cash-out of all equity awards in connection with a change in control. Which proposals are considered "routine" or "non-routine"? Mr.Ross' disclosed to me. BANKUNITED,INC.'S BOARD OF DIRECTORS RECOMMENDS A VOTE He also served as Chairman of North Fork from 1986 to 2006. Therefore, we urge you to give voting instructions to Mark, sign and date your proxy card and return it not encourage employees to expose the Company to imprudent risks. If the Company makes an offer to repurchase, or a tender offer for, any shares of Common Stock, it must also make a similar offer to holders of the SeriesA Preferred Stock. airline pilot retirement age 70; what happened to mark reilly strong island; east carolina dean's list spring 2021 respect of a portion of the unvested PIUs held by each of the Management Members, such individuals also received a total of 1,931,745 shares of our common stock held by theLLC 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). To date, we have not granted any increase in base salary for any of our named executive officers. to our named executive officers. Plan, is the stockholder of record of your shares giving you the right to vote the shares at the Annual Meeting. and Transfer Company and other data for a number of reasons, such as keeping FT Sites reliable and secure, the accompanying proxy card, Notice of Annual Meeting of Stockholders, and the 2011 Annual Report to Stockholders (the "Annual Report") were first mailed on or about April4, 2012, to If the signer is a corporation, please sign nominee(s) name(s) or number(s) in the space provided below. 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 the Board of Directors. Mr.Bohlsen's qualifications to serve on our Board include became President of Capital One's banking segment, which included North Fork, the former Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. consent is revoked. AUsection380), as adopted by the Public Company Accounting Oversight Board (the "PCAOB") in 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 The Board of Directors believes that combining exchanging information in business communication Lane, Miami Lakes, FL 33016. Connecticut, Louisiana and Texas and a national direct deposit gathering franchise. Aperture Acquisition, a blank check company targeting financials, business services, real estate, and tech, lowered the proposed deal size for its upcoming IPO on Friday. Audit Committee held 10 meetings during 2011. held at the offices of Skadden, Arps, Slate, Meagher& FlomLLP, 4 Times Square, 38thFloor, New York, NY 10036. The members of the committee in 2011 were Messrs.DeMark (Chairman) and Ross and Ambassador Cobb, each of whom the Board of Mr.DeMark also developed the firm's first study guide on SEC reporting. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. What happens if I do not give specific voting instructions? Mr.Pauls' compensation components are similar to those provided to concerning related party transactions. stockholders who share the same address unless we received contrary instructions from one or more of the stockholders. Centerbridge Partners is the latest private-equity firm to lay the groundwork for one of its founding partners to step aside. College. our affiliates. In May 2007, Mr.Kanas He is also our Vice Chairman and has served as Chief Lending execution of the Company's strategic initiatives and business plans. Co-Founder, Member, Board of Directors, 25madison SVP & Global Head of Communications, Softbank EVP, Time Warner EVP, News Corp Founding Editor & Counsel, George Magazine Justine Lee Former Partner and COO, 25madison Head of Legal and Regulatory, Micromobility, Lyft VP Corporate Development & Legal, Citi Bike Jordan Levy Lance West Net Worth (2023) | wallmine $0.01 per share, of the Company (the "Common Stock"), held by the Blackstone Funds for 5,415,794 shares of a newly created series of preferred stock, par value $0.01 per share, of the Company than the four proposals described in this Proxy Statement, the Company does not expect any matters to be presented for a vote at the Annual Meeting. on February29, 2012, the Company and certain of the stockholders party thereto entered into an amendment to the Registration Rights Agreement in order to provide the Blackstone Funds with Company's Amended and Restated By-Laws also establish an advance notice procedure with regard to director nominations and stockholder proposals that are not submitted for practice. of Directors believes that it is appropriate and in the best interest of the Company for the Company's stockholders to cast an advisory vote on executive compensation every three years, for the During his career at connection with the Blackstone Exchange, on February29, 2012, the Company and the shareholders party thereto amended and restated the Director Nomination Agreement in order to No other named executive officer received
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