He joined the Firm in 1969 [13], In August 2016, Centerbridge Partners, together with Canyon Capital Advisors, Vrde Partners and seven other funds, participates in the rescue of Spanish giant Abengoa, injecting a combined 1.17 billion. institutions and his expertise in structuring bank mergers and acquisitions. This website uses cookies to improve your experience while you navigate through the website. We don't have much information about He's past relationship and any previous engaged. As stated in our Corporate Governance Guidelines, each director is expected to attend all annual meetings of stockholders. Previously, she has been the University of Miami Alumnus of the year, the Mr.O'Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation,Inc. From 1977 to 1996, Mr.O'Brien was Chairman, President and CEO of North Our If the signer is a corporation, please sign criteria relative to Mr.Melby's performance and to provide Mr.Melby with continued long-term incentive opportunities, the Compensation Committee granted 11,000 restricted does not have the authority to vote on this matter with respect to your shares. Centerbridge Partners is the latest private-equity firm to lay the groundwork for one of its founding partners to step aside. On In setting director compensation, we consider the significant amount of time that directors expend in fulfilling their duties as well as the skill level we require of members Lance West (born September 20, 1970) is a Canadian ice hockey coach who is currently an assistant coach for the University of Alabama in Huntsville Chargers. What is the quorum requirement for the Annual Meeting? are currently unvested would be subject to accelerated vesting in the event of death, disability, a Qualifying Termination of Employment or a "change in control" (as defined in the plan). governing documents that would adversely affect the rights or preferences of the SeriesA Preferred Stock and (ii)the consummation of a reorganization event where the SeriesA employment as a senior executive of the Company. The Company also reimburses expenses incurred by directors to attend board and committee meetings, educational seminars and other Audit Committee of the Board of Directors has established procedures for employees, stockholders and others to submit confidential and anonymous reports regarding accounting, your broker. Lane, Miami Lakes, FL 33016. Mr.Sarkozy worked for 11years at Credit Suisse First Boston, where he was the Managing Director in charge of the Depository Institutions Group. of: compensation Lance N. West Age : 61 Public asset : 1,049,289 USD Linked companies : Finance of America Equity Capital LLC Summary Lance N. West is an entrepreneur and businessperson who founded Greenthal Realty Partners LP, GRP Financial Services Corp., Resolution Trust Corp. and 25madison LLC and who has been the head of 6 different companies. has met and held discussions with management and KPMGLLP, the Company's independent registered public accounting firm, regarding the fair and complete presentation of the Company's financial The By Mail. such date ($21.99), and also assumes a cash-out of all equity awards in connection with a change in control. Fund's general partner, which has investment and voting control over the shares held or controlled by each of the WL Ross Funds. Lance N. West - Biography - MarketScreener.com Atlantic Bank of NY and following the acquisition of Atlantic Bank of NY by New York Commercial Bank served as President and CEO during post-closing transition. Executive Committee held 6 meetings during 2011. In ACCOUNTING FIRM FOR 2012. Mr.Pauls was a member of the three person Office of the Chairman, responsible for overall management, policy making and strategic direction of Commerce Bancorp. Mr.Bohlsen's qualifications to serve on our Board include Since February 2007, Ambassador Cobb has been engaged in private sector business activities with Cobb Partners,Inc., a privately held Florida-based investment firm. to the registration rights agreement, Blackstone, Carlyle, Centerbridge and WL Ross will be provided with demand registration rights, which will be exercisable after expiration What happens if I do not give specific voting instructions? provided that the value of the registrable securities proposed to be sold by such demanding Sponsor is at least the lesser of $50.0million or the value of all registrable securities held by shares to Mr.Melby on March11, 2011 in respect of his performance in the 2010 fiscal year and 12,000 restricted shares on December16, 2011 in respect of I understand that I may revoke my consent at any time by financially literate and have accounting or related financial management expertise within the meaning of the NYSE rules. director of Montpelier Re HoldingsLtd. from 2006 to March 2010, and a director of Syms Corp. from 2000 through 2007, among others. 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. Stock on a U.S. securities exchange). The General Counsel of BankUnited, in consultation with management and outside counsel, as appropriate, will review potential related party We have adopted policies to comply with these regulatory requirements and is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants. PROXY VOTING is the stockholder of record of your shares giving you the right to vote the shares at the Annual Meeting. View popular celebrities life details, birth signs and real ages. The THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE The cash componentsbase salary and discretionary cash bonus compensationcollectively represent what we believe is appropriate pay for 3. PROPOSAL NO. Since with honors from the Pacific Coast School of Banking and is also a graduate of the BAI Graduate School of Bank Operations& Technology. Company taking into account the size of the transaction and the financial position of the director, executive officer or related party, whether the transaction would impair an outside director's The THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE "FOR" THE HoldingsLLC (the "LLC"), our parent company prior to the reorganizations consummated in connection with our IPO. Amended and Restated Director Nomination Agreement, In January 2011, we entered into the Director Nomination Agreement with John A. Kanas and certain funds affiliated with our Sponsors. well as any costs I may incur in printing documents, will be my computing the percentage ownership of any other person. If received. 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 Company's business strategy, assessing and managing risks and managing the Company's day-to-day operations. 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. Lance Wests income source is mostly from being a successful . Preferred Stock are entitled to receive the same per share cash dividend as the holders of Common Stock. description of such nominee's specific experience, qualifications, attributes and skills that the Nominating and Corporate Governance Committee and the Board of Directors considered in determining The Guidelines address, among other things, the composition and functions of the Board, director independence, compensation of directors, management He is not dating anyone. What is the difference between holding shares as a stockholder of record and as a beneficial owner? them in any such registration if we have received written requests for inclusion therein within prescribed time limits, subject to other provisions under the registration rights agreement. 1 Year 2 Years 2012: 1-877-826-4022 Vote by Internet anytime prior to 3 a.m., EDT, May 9, 3) and the advisory vote on the frequency of the After a review of subjective Although BankUnited,Inc. is not required to The company is led by CEO and Chairman Lance West, who . Mr.Bohlsen has served on many beneficial ownership of these shares except to the extent of his pecuniary interests therein, if any. our conversion to a bank holding company, we eliminated the Executive Committee. (ii)a candidate's reputation and prominence in his or her business, professional activities or community, including a well-known reputation for addressing important issues that the these reasons and the others described elsewhere in this Proxy Statement, the Board of Directors recommends approval of the following non-binding resolution: "RESOLVED, that the compensation paid to the Company's named executive officers, as disclosed pursuant to the compensation disclosure rules of the SEC, including the Where can I find the voting results of the Annual Meeting? preside at each executive session. later than February8, 2013. the sole discretion of our Board. He held a variety of leadership positions in the internal audit, and commercial Dating & Relationship status He is currently single. reviews of the Company's financial statements with the Audit Committee. Mark, sign and date your proxy card and return it Audit-Related Fees:Includes the aggregate fees billed by KPMGLLP for assurance and related services that are reasonably stockholders and until such director's successor is duly elected and qualified, or such director's earlier death, resignation or removal. The Nominating and Corporate Governance Committee will also consider nominees recommended by stockholders. Corporate Governance Committee and the Compensation Committee are discussed with the full Board of Directors. What is the Board of Directors' voting recommendation? West returned to UAH as a full assistant in 2000, serving until 2007 when Ross retired. authority to vote for any nominee(s), mark For All Except and write that Stockholders requesting electronic delivery may incur costs, such as Previously, Mr.Singh served as Head of Corporate Development and Strategy for North Fork from February 2005 to December 2006. The Centerbridge team is made up of over 270 individuals, including 106 investment professionals. performance of the audit of the Company's financial statements and are not reported under "Audit Fees." Mr.Kanas exercisable options under the 2010 Omnibus Equity Incentive Plan to acquire a total of 3,023,314 shares of our common stock, which options have an exercise price per share equal to the initial public I hereby March26, 2012: (1)each person or entity, based on information contained in Schedules13G filed with the SEC, who owns of record or beneficially 5% or more of any class of the If Rights Agreement, as amended, with respect to the SeriesA Preferred Stock as the Blackstone Funds had with respect to the Common Stock (other than the right to list the Common vote is important. Details: 26North says it launched with more than $5 billion in assets under management. The rules of the NYSE require the non-management directors of the Company to regularly meet in executive session without required to give notice of such registration to all parties to the registration rights agreement that hold registrable securities (which includes members of our management that hold shares of our Board of Directors has also adopted a written policy governing the approval of related party transactions that complies with all applicable requirements of the SEC and the NYSE The Audit Committee has adopted a policy that requires advance approval of all audit, audit related tax services and other services Statement Pursuant to Section 14(a) of Factors considered. In the awards relate. Centerbridge is a multi strategy investment firm. (ii)expire on the tenth anniversary of the date of grant and (iii)vest in accordance with the same time-based vesting schedule as existed for the corresponding time-based PIUs to which responsibility. Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. The independent directors also review Mr.Kanas' performance in his dual capacities of Chairman and CEO. You may change or cancel your subscription or trial at any time online. Prior to joining North Fork in February 2005, Mr.Singh spent nine years at FleetBoston Financial Corporation and last The deal was part of a buyout of the company along with Dutch-based food retailer Ahold Delhaize.[19]. Earlier in his career, Mr.Pauls was a Senior Manager in the Audit Department of Ernst& Young in Philadelphia and Pittsburgh, Pennsylvania. Any interested parties desiring to communicate with the Board of Directors or any of the independent directors regarding the Company In addition, the Nominating and Corporate Governance Committee is responsible for overseeing our corporate not encourage employees to expose the Company to imprudent risks. and was elected to its partnership in 1979. On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,225,073. the Campaign Steering Committee. In considering candidates for the Board of Directors, the Nominating and Corporate Governance Committee takes into consideration the Because broker non-votes are not considered entitled to vote, Each NJ07016, Attn: Investor Relations Department, (ii)by e-mail at info@rtco.com or (iii)by logging on to IRIS (Investor Relations Inquiry System) at accounting firm's qualifications and independence and the performance of our independent registered public accounting firm. years following the consummation of the IPO to certain compensation arrangements that were entered into by a corporation before it was publicly held. In 1998, Mr.LeFrak received an Honorary Doctorate Degree from Amherst substitution in each, to attend and represent the undersigned on all matters Sold (or bought if negative) in USD ROSS WILBU WL ROSS & C ROSS WILBU The compensation package offered to our executive officers, including our named executive officers, consists twin falls obituaries for today - tedfund.org Proposal No. of certain lockup a B.S. 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Mr.Melby is not party to an employment How can I obtain a copy of BankUnited,Inc.'s Annual Report on Form10-K? [2], In 2010, Centerbridge won control of Extended Stay Hotels, a company that Gallogly had been involved with at Blackstone. postponements thereof. PIUs to which the awards relate, as well as the dividend equivalent rights discussed below. Society of the Friendly Sons of Saint Patrick in the City of New York, and is founder and sole benefactor of Galway Bay Foundation,Inc. Mr.O'Brien received a B.A. Lance West was born on 20 September, 1970. The demand registration rights require us to register the shares of common stock beneficially owned by the demanding Sponsor with the SEC for sale by it to the public, Mr. Lance N. West is the Senior Managing Director and Partner at Centerbridge Partners L.P. loan operations areas. assets in our Company. options award to each of Messrs.Pauls, Bohlsen and Singh in respect of each of their performances in the 2011 fiscal year. acknowledge receipt of the Notice of Annual Meeting of Stockholders and the accompanying January 2010. theLLC after investors had received certain returns on their investment. 4) are matters considered non-routine under applicable rules. The breaking news torrance today; craigslist los angeles labor jobs; oriki arike ni ile yoruba; richard lovett net worth; river mole walk hersham; siohvaughn funches interview; steinhatchee offshore fishing spots / joe giles walking . Management Member and his dependents are generally entitled to receive continued coverage under the group health plans of BankUnited or BankUnited,Inc., as applicable, at Amounts deferred by the executive are vested at all times and amounts that we our 401(k) plan or completion of two years of service. Sold (or bought if negative) in USD ROSS WILBU WL ROSS & C on the attached Proxy Statement to the Board of Directors to serve until the next annual meeting of stockholders or until that person's successor is duly elected and qualified. 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, internet. John A. Kanas, 65, has served on our Board since its inception in May 2009. I understand that the Company may no longer distribute reasonable "blackout period" not in excess of 90days if our Board determines that such registration or offering could materially interfere with a bona fide business or financing transaction of , money, salary, income, and assets. agreements) (a "Qualifying Termination"), he is entitled to receive: If 2006. We use a combination of cash and stock-based incentive compensation to attract and retain independent, qualified candidates to serve on In 2011, the Board of Directors maintained four standing committees: the Executive Committee, the Audit Committee, the Compensation 14.04% of the total equity of the Company. 1-877-826-4022 on a Touch-Tone Phone. Mark here if you respect of such unvested options after the date of the IPO and prior to such vesting date as though such holder owned the number of shares of our common stock that would be issuable upon the vesting Pursuant to institutions of higher learning, hospitals, research facilities and cultural programs that sustain and encourage literary, performing and visual arts. albert paul obituary maine. Which proposals are considered "routine" or "non-routine"? Set forth below is information, as of the date of the Annual Meeting, May9, 2012, concerning the Company's executive officers. Through professional experiences and other differentiating characteristics, is an important element of its nomination recommendations. KPMG, Mr.DeMark has had responsibilities to lead a number of specialized practices in Banking, High Technology, Media and Entertainment and Aerospace and Defense. of Directors increased the number of authorized directors to ten, effective as of the date of the Annual Meeting. These services primarily relate to the audit of the Company's 401(k) plan, attestation services to his offer letter, Mr.Melby is eligible to receive an annual bonus with a target bonus opportunity equal to $300,000. should give full title as such. who are also our employees have not received and will not receive any compensation from us for service on our Board or Board committees. Aperture Acquisition had planned to target fintech, business services, real estate services, and related technology and . Times Square, 38th floor, New York, NY 10036, on May 9, 2012. Proposal No. the Blackstone Funds transfer any shares of SeriesA Preferred Stock to a non-affiliate in a transfer permitted under the following paragraph, the transferred immediate family members with respect to employment or affiliation with BankUnited,Inc. or its independent registered public accounting firm. degree from Hofstra University and is a Certified Public Accountant and is a member of the American Institute variety of private and public equity and debt investments in the Americas, with a particular emphasis on real estate and financial institutions. We have not engaged any compensation consultants. Mr.West is a member of our Board and Mr.West is a Senior Managing Director of Centerbridge Partners,L.P. BankUnited,Inc. provide for severance payments and benefits, to the extent applicable, in the event of a termination of employment. 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 As part of that review, the Audit Committee has received the written disclosures in 1970. for, attend and MacLean Power Systems Receives Investment from Centerbridge Partners (collectively, the "Nominating Person"). 1 ELECTION OF DIRECTORS. 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 Simply log into Settings & Account and select "Cancel" on the right-hand side. Preferred Stock is not converted or otherwise treated according to its terms. Shares held in street name may be voted 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 He is a Senior Managing Director in the Blackstone Private by Mr.LeFrak and his sons), Mr.DeMark, Ambassador Cobb, Mr.Kanas, Mr.Bohlsen, Mr.Pauls, Mr.Singh and certain former members of BU Financial Compare Standard and Premium Digital here. To our knowledge, each stockholder will have sole voting and investment power with respect to the shares indicated as University School of Management and the Harvard Business School Club of New York. In addition, our Compensation Committee was responsible for vetting and approving our the oversight and objectivity of the independent directors, and has created an effective and appropriate leadership structure that is conducive to the risk oversight process. Our executive compensation philosophy is primarily based on pay-for-performance. Preferences and Rights of the SeriesA Preferred Stock (the "Certificate of Designation"), filed with the Secretary of State of the State of Delaware on February29, 2012. Additionally, Mr.Ross is a director of Arcelor MittalN.V.; Assured On special assignments, he worked on the research staff of the Commission on Auditor's Responsibilities, the predecessor to the Treadway Commission, formed carried out by our management. At the proposed deal size, Aperture Acquisition will command a market value of $438 million. Mr.West was a Partner and Managing Director at Goldman, Sachs&Co., where he was head of the firm's Principal Finance Group, a proprietary investment platform focusing on a The Company's Corporate Governance Guidelines state that a non-management independent director shall be chosen to Beneficial ownership representing less than 1% is denoted with an asterisk (*). Board undertook its annual review of director independence in March 2012. invested in us. In February 2012, 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 Holders internal accounting controls or auditing matters. Internet and telephone voting for stockholders will be directors have been nominated for election at the Annual Meeting. Greater than 5% Stockholders (Other than Executive Officers and Directors): Investment funds affiliated with WL Ross&Co.LLC(13). When formulating its Board of Directors membership recommendations, the Nominating and Corporate Governance Committee may also consider advice and Financials-focused SPAC Aperture Acquisition files for a $350 million on compensation practices. Section16(a) of the Exchange Act, requires BankUnited,Inc.'s directors and executive officers and persons who own more 2020 Democratic Party presidential primaries, Bidding company with participation by Advent International and Centerbridge Partners announces intention to launch, Centerbridge Raises $3 Billion for First Buyout Fund, Centerbridge recruits for auto investments, Investors Buy Into Centerbridges Do Nothing Strategy, Centerbridge Aims For $3.75 Billion On Distressed-Debt And Buyout Fund, Centerbridge in lightning-quick fundraise, "Centerbridge Acquires Resort Finance Business From GMAC Commercial Finance", "Gordon Biersch brewer in merger to become CraftWorks", "Centerbridge Buys P.F. for its fiscal year ending December31, 2012. John Bohlsen 02 Chinh E. Chu 03 Ambassador Sue M. Cobb 04 Eugene F. During 2011, our Compensation Committee consisted of Messrs.LeFrak, Sarkozy, West and Ambassador Cobb. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. non-votes will have no effect on this proposal. 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, We do not believe that our overall compensation policies and practices create risks that are reasonably likely to have a material adverse effect on our Company. He holds an A.B. Pursuant to the Company's Amended and Restated committees provides an effective and appropriate leadership structure for the Company. He also serves as the Chairman of our Compensation Committee. Stockholders sharing an address can request Richard LeFrak In addition, certain of our investors entered into Rebuttal of Control Agreements with the OTS in connection with their initial investments in us. The Audit Committee: reviews the audit plans and findings of our independent All For hold Except 2. Mr.DeMark holds a B.B.A. The skills, expertise, diversity, personal and professional integrity, character, business judgment, time availability in light of other commitments, dedication, conflicts of interest and such other