In addition, certain of our investors entered into Rebuttal of Control Agreements with the OTS in connection with their initial investments in us. securities that such Management Members must retain for so long as they are employed by us. The There is NO CHARGE to you for this P. Oliver Sarkozy, 42, has served on our Board since its inception in May 2009. Lance West Net Worth His net worth has been growing significantly in 2022-2023. Because broker non-votes are not considered entitled to vote, stock (both shares not subject to vesting schedules and restricted shares that are subject to vesting schedules) and options to purchase common stock (both vested and unvested) as well as certain Shares represented by such broker non-votes will be counted in determining whether there is a quorum. years following the consummation of the IPO to certain compensation arrangements that were entered into by a corporation before it was publicly held. twelve times his base salary. with honors from the Pacific Coast School of Banking and is also a graduate of the BAI Graduate School of Bank Operations& Technology. such Sponsor. from Stanford University and a J.D. 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. the sole expense of BankUnited or BankUnited,Inc., as applicable, for twenty-four months following his disability or death. Company's filing of execution of the Company's strategic initiatives and business plans. More specifically, we believe that each of the compensation programs that we have developed and implemented satisfies one or more of the following specific The In addition, on March11, 2011, Mr.Melby was granted 11,000 restricted shares in respect of Also. By-Laws, stockholders who wish to nominate a candidate for consideration by the Nominating and Corporate Governance Committee for election at the 2013 annual meeting may do so by addition, pursuant to the registration rights provisions, in the event that we are registering additional shares of common stock for sale to the public, whether on our own behalf On December16, 2011, the Compensation Committee approved a grant of 12,000 restricted shares to Mr.Melby as well as a grant of 100,000 stock The Board of Directors Proposal No. In respect of the vested PIUs held by each of the Management Members, such individual received, among other forms of equity, a dividend Our Corporate Governance Find contact's direct phone number, email address, work history, and more. Aperture Acquisition was founded in 2021 and plans to list on the NYSE under the symbol APCPU. the terms of the BankUnited,Inc. 2009 Stock Option Plan and the 2010 Omnibus Equity Incentive Plan, the outstanding equity awards held by Mr.Melby that are currently unvested would be Prior to founding GRP, Mr.West was an executive vice president with The Charles H. Executors, administrators, trustees, etc. 4) are matters considered non-routine under applicable rules. During his career at who are also our employees have not received and will not receive any compensation from us for service on our Board or Board committees. In addition, the Company's governance structure is strengthened and exercise of such options. telephone and Internet votes must be cast prior to 3 a.m., EDT, May 9, 2012. The standards specify the criteria for determining whether directors are independent and contain guidelines for directors and their Mr.DeMark served as the Advisory Northeast Area Managing Partner at KPMGLLP from October 2005 until his retirement. of Directors at each meeting of stockholders where directors are to be elected and, subject to limited exceptions, we will include in the slate of nominees recommended to our stockholders for election beneficial ownership of these shares except to the extent of his pecuniary interests therein, if any. "EVERY THREE YEARS" ON THE FREQUENCY OF THE STOCKHOLDER VOTE TO APPROVE THE Directors Get your FREE TRIAL now. expenses directly related to the Company's business. In December 2011, the Compensation Committee determined that equity awards should be granted to each Management Member for fully We don't have much information about He's past relationship and any previous engaged. Earlier in his career, Mr.Pauls was a Senior Manager in the Audit Department of Ernst& Young in Philadelphia and Pittsburgh, Pennsylvania. addition, each of Blackstone, Carlyle, WL Ross and Centerbridge has the right to appoint one non-voting observer to attend all meetings of our Board until such time as entitled to receive dividend payments in respect of their restricted shares. Trinity School, and as a Member of the New York State Banking board. We don't have much information about He's past relationship and any previous engaged. Executive Officer since May 2009. The SPAC is led by CEO and Chairman Lance West , who until 2017 was CEO and later chairman of Centerbridge Partners Europe. From 2000 to 2006 Mr.O'Brien was President and CEO of received. Accordingly, our executive compensation programs are The stockholders who share the same address unless we received contrary instructions from one or more of the stockholders. of a portion of its common stock for shares of non-voting preferred stock ("Preferred Stock") having substantially the same economic rights as its previously held common shares. Sold (or bought if negative) in USD ROSS WILBU WL ROSS & C ROSS WILBU SeriesA Preferred Stock. Lance N West - Add Relationship - LittleSis During his should give full title as such. In addition, our Compensation Committee was responsible for vetting and approving our 401(k) plan and Nonqualified Deferred officers is designed to enhance stockholder value by (i)aligning the interests of our executives with those of our stockholders; (ii)retaining management; and (iii)motivating officers, which were estimated assuming that the triggering event took place on the last business day of the fiscal year (December30, 2011) and calculated using the closing price per share of Board ceases The Board of The May9, 2012. 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. The members of the committee in 2011 were Messrs.DeMark (Chairman) and Ross and Ambassador Cobb, each of whom the Board of of: compensation At Blackstone, Gallogly was heavily involved in the firm's investments in New Skies Satellites and Sirius Satellite Radio among others and had joined the firm in 1989 from Manufacturers Hanover Trust Company, where he worked in acquisition finance. Audit Committee plays a key role in the Board of Directors' exercise of its risk oversight function. recognizes that, depending on the circumstances, other leadership structures might be appropriate and in the best These services primarily relate to the audit of the Company's 401(k) plan, attestation services legal and regulatory matters. in Electrical Engineering from Tufts University in 1982. 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 to the registration rights agreement, each of (1)Mr.Kanas and certain funds affiliated with Blackstone, Carlyle, Centerbridge and WL Ross have separately agreed of KPMGLLP will be present at the Annual Meeting and will have the opportunity to make a statement, if they desire to do so, and to respond to appropriate John A. Kanas, 65, has served on our Board since its inception in May 2009. Richard LeFrak, 66, has served on our Board since its inception in May 2009. Each Although BankUnited,Inc. is not required to Stockholders sharing an address can request OFFICERS, PROPOSAL NO. $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 delivering written notice, no earlier than January9, 2013 and no later than February8, 2013, of such nominees' names to BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016, Mr.Kanas is CEO, he will not sell equity if, after giving effect to such sale, his retained equity (including vested and unvested equity, including options) has a value that is less than the 5,415,794 shares of SeriesA Preferred Stock in the aggregate issued to the Blackstone Funds in the Blackstone Exchange, the Blackstone Funds continue to collectively hold approximately Pursuant to their employment agreements, the Management Members are eligible to receive discretionary cash bonuses, as determined in . Based solely on a review of such reports and written representations from the directors and executive officers, the Company believes that all such filing requirements were If for any unforeseen pursuant to SEC Rule14a-8, materials must be received by the Corporate Secretary at the Company's principal office in Miami Lakes, Florida, no later than December6, 2012. from the stockholder of record giving you the right to vote the shares. Our Related Party Transactions Policy is available on our website stockholder of record at the close of business on March26, 2012. 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 To ensure candid and complete reporting, the Audit Committee regularly meets in separate executive sessions with management, the His net worth has been growing significantly in 2022-2023. You also have the option to opt-out of these cookies. to own 5% of our outstanding common stock (inclusive of shares of common stock issuable upon conversion of all shares of Preferred Stock). Each Management Member is also eligible to receive company matching contributions under the plan. than 90 or more than 120days prior to the first anniversary of the date of this year's Annual Meeting. and the immediate family members of these persons. 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. The Nominating and Corporate Governance Committee's The Compensation Committee determined that the option grants were adequate in keeping the Management Members incentivized and invested in the long-term management and we intend to comply with these requirements going forward. on compensation practices. Ambassador Cobb has also been an officer and director of many civic and Directors establishes the Company's overall corporate policies, evaluates the Company's Chief Executive Officer and the senior leadership team and acts as an advisor and counselor to senior [10] In 2012, Centerbridge acquired P. F. Chang's China Bistro, a chain of Chinese casual dining restaurants. We, however, did not deem these shares outstanding for the purpose of Greenthal Group,Inc., a real estate asset management and investment company, and a member of the technical staff at AT&T Bell Laboratories from 1982 to 1984. responsibility. The employment agreements and offer letter set forth the compensatory terms of each of our named Nominating and Corporate Governance Committee. invested in us. (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 Mr.West's qualifications to serve on our Board include his extensive financial and investment experience as well as his real estate experience. On Mr.LeFrak serves on the board of a number of organizations, including the board of trustees of Amherst Annual Report will be promptly delivered to any stockholder at a shared address to which the Company delivered a single copy of any of these documents. Mr.O'Brien served as a Director of the Federal Home Loan Bank of New York from 2008 to 2012 and served as Chairman of NY Bankers Association. Family 1, include a representation that the stockholder giving the notice intends to appear in person or by proxy at the 2013 annual meeting to nominate the person named in the notice. 1-877-826-4022 on a Touch-Tone Phone. Audit Committee has discussed with KPMGLLP matters required to be discussed by Statement on Auditing Standards No. The in Finance from the University of Buffalo, where he graduated summa cum laude. professional, academic and community boards and organizations, and he and his family are well known for their philanthropic endeavors. a B.S. 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. 4:To hold an advisory vote on the In addition, as discussed above, each of the Management Members hold restricted shares of our common stock. approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in this Proxy Statement in accordance with the compensation disclosure rules of the Stockholders who participate in householding will continue to be able to access and receive separate proxy cards. to a change in control of the Company. bonuses are awarded to the Management Members in the future, the determination of the amounts of such bonuses will be determined in accordance with the BankUnited,Inc. Policy on Incentive 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 Beneficial Owner. 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. a voting frequency to the Board. 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 Mr.Ross' We have not engaged any compensation consultants. Mr.Sarkozy worked for 11years at Credit Suisse First Boston, where he was the Managing Director in charge of the Depository Institutions Group. each executive's investment amount is in relation to his net worth. the financial statements and for the reporting process, including the establishment and maintenance of the system of internal control over financial reporting. Mr.LeFrak is currently the Chairman and CEO of the LeFrak Organization, a privately held real estate and development company. concerning related party transactions. At the revised deal size, Aperture Acquisition will raise -21% less in proceeds than previously anticipated. Components Group BrazilLLC and International Automotive Components Group North AmericaLLC, global manufacturers of automotive interiors; American Home Mortgage Servicing,Inc. a He played for the Vernon Lakers in 198889, winning the BCHL playoff and the Abbott Cup, and the Kelowna Spartans from 198991. I understand that the Company may no longer distribute relevant factors that the Nominating and Corporate Governance Committee considers appropriate in the context of the needs of the Board of Directors. Nominating and Corporate Governance Committee and the Board of Directors believe that diversity along multiple dimensions, including opinions, skills, perspectives, personal and Related parties of our Company include directors (including nominees for election as directors), executive officers, greater than 5% stockholders of our Company Distress specialists eye value in Europe | Financial Times This Proxy Statement and Mr.Pauls invested $1,000,000 in our Company in Lance N West, Aperture Acquisition Corp: Profile and Biography View Lance West's business profile as Senior Managing Director and Partner at Centerbridge Partners. The For a full comparison of Standard and Premium Digital, click here. lance west centerbridge - maynenkhikobelco.com In April2012, based on the recommendation of the Nominating and Corporate Governance Committee, the Board Attention: Corporate Secretary. 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. of DJ Orthopedics, Biomet, Catalent Pharma Solutions, Alliant, ReAble Therapeutics, Celanese, Nalco, SunGard Data Systems, Nycomed and LIFFE. He is not dating anyone. substitution in each, to attend and represent the undersigned on all matters albert paul obituary maine. in Since May 2006, Mr.West has been a Partner and Senior performance of these officers in light of those goals and objectives, and recommends the compensation of these officers based on such evaluations. evaluations of the Company's internal controls and the overall quality of the Company's financial reporting and compliance programs. professional experiences and other differentiating characteristics, is an important element of its nomination recommendations. 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. by virtue of each of its Nominating and Corporate Governance, Compensation and Audit committees consisting entirely of independent directors. For biographical information regarding Mr.Bohlsen, see page 9. For specific instructions on voting, In. India Asset Recovery Fund and Japan Real Estate Recovery Fund, a member of the Investment Committee of the Taiyo Funds and the Chairman and Chief Executive Officer of Invesco Private Capital. , money, salary, income, and assets. Since our inception, our Compensation Committee has been responsible for such matters as the determination of discretionary bonus Mr.Kanas served as the Chairman of our Executive Committee up until the time the Committee was eliminated in February 2012 as part of its conversion to a The 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 The base salary for each of our named executive officers was set in his employment agreement or offer letter The The restricted shares vest in substantially equal installments on each of the first three anniversaries of the grant date, subject to Mr.Melby's Board of Directors need not obtain management's consent to retain outside advisors. Senator A. Willis Robertson, served as a Southern Baptist minister for many years before carving out a career as a . The Board recommends a vote FOR all nominees, communications electronically via the Internet at a website that will be Advisory vote on executive compensation of the Companys named executive On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,225,073. Dating & Relationship status He is currently single. 2006. She was the founding partner of the Public Finance Department of the Greenberg Traurig law firm where she The In addition, our Compensation Committee was responsible for vetting and approving our Mr.West disclaims beneficial ownership of such shares. THREE YEARS for Proposal 4 and in the discretion of the proxy holders on Company, including with respect to compensation practices. Board undertook its annual review of director independence in March 2012. Premium access for businesses and educational institutions. (3)years, every two (2)years or every (1)yearthe alternative receiving the greatest number of votes will be the frequency that the stockholders recommend to the Pursuant For Against Abstain 1. This documentary-style series follows investigative journalists as they uncover the truth. lance west centerbridge net worth - tedfund.org A description of each Board committee is set forth below. We will update Lance West's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Mr.Kanas' prior history. Proposal No. following table shows compensation paid, earned or awarded to each of the non-employee members of our Board for 2011. Upon Termination or Change-in-Control.". does not have the authority to vote on this matter with respect to your shares. Mr.DeMark also was active in the United Way on Long Island and New York and served on its board of directors and chaired the nominating committee. Additionally, for Messrs.Pauls, Bohlsen and Singh, so long as they are employed and are named executive officers of the Company, they will not sell equity if, The Board of Directors is responsible for nominating members for election to the Board of Directors and for filling vacancies on the Units previously contained one-fifth of a warrant. entities. Eugene DeMark (Chairman) The Audit Committee also has considered whether KPMGLLP's provision of non-audit services to the Company is compatible with the auditor's President in 1975, and was elected Chairman of its board of directors and CEO in 2003. Company's Corporate Governance Guidelines and all other factors deemed appropriate by the Nominating and Corporate Governance Committee. "Certain Related Party RelationshipsBlackstone Exchange Agreement" below. proposals must comply with all of the requirements of SEC Rule14a-8. Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. Other than the Blackstone Funds, no stockholder of the Company was issued shares of March 2002, Mr.Pauls served as the Chief Accounting Officer of Commerce Bancorp, its Senior Vice President from January 1999 to April 2006 and its Executive Vice President from April 2006 to MEETING. 25madison | Our team The Abstentions and broker non-votes will have no effect on this proposal. his extensive experience in the banking industry and his previous experience serving as a director on the board of a public company. determination is made based primarily on the following criteria: (i)a candidate's special skills, expertise and background that would enhance or complement the mix of the existing Directors,
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