Amerant Bancorp Inc. Files Definitive Proxy Statement

Ticker: AMTB · Form: DEF 14A · Filed: Mar 29, 2024 · CIK: 1734342

Amerant Bancorp INC. DEF 14A Filing Summary
FieldDetail
CompanyAmerant Bancorp INC. (AMTB)
Form TypeDEF 14A
Filed DateMar 29, 2024
Risk Levellow
Pages15
Reading Time17 min
Key Dollar Amounts$120,000, $1 billion
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Amerant Bancorp, Executive Compensation, Shareholder Meeting

TL;DR

<b>Amerant Bancorp Inc. has filed its Definitive Proxy Statement for the upcoming shareholder meeting.</b>

AI Summary

Amerant Bancorp Inc. (AMTB) filed a Proxy Statement (DEF 14A) with the SEC on March 29, 2024. Amerant Bancorp Inc. filed a Definitive Proxy Statement (DEF 14A) on March 29, 2024. The filing covers the period ending May 8, 2024. The company's principal executive offices are located at 220 Alhambra Circle, Coral Gables, FL 33134. Amerant Bancorp Inc. was formerly known as Mercantil Bank Holding Corp. The filing includes information related to executive compensation and equity awards for the fiscal year ending December 31, 2023.

Why It Matters

For investors and stakeholders tracking Amerant Bancorp Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation, voting matters, and corporate governance before the annual meeting. Shareholders can review details on equity awards, changes in fair value, and other compensation components for key executives.

Risk Assessment

Risk Level: low — Amerant Bancorp Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate financial distress or significant new risks.

Analyst Insight

Shareholders should review the proxy statement to make informed decisions on executive compensation and board nominations.

Key Numbers

Key Players & Entities

FAQ

When did Amerant Bancorp Inc. file this DEF 14A?

Amerant Bancorp Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 29, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Amerant Bancorp Inc. (AMTB).

Where can I read the original DEF 14A filing from Amerant Bancorp Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Amerant Bancorp Inc..

What are the key takeaways from Amerant Bancorp Inc.'s DEF 14A?

Amerant Bancorp Inc. filed this DEF 14A on March 29, 2024. Key takeaways: Amerant Bancorp Inc. filed a Definitive Proxy Statement (DEF 14A) on March 29, 2024.. The filing covers the period ending May 8, 2024.. The company's principal executive offices are located at 220 Alhambra Circle, Coral Gables, FL 33134..

Is Amerant Bancorp Inc. a risky investment based on this filing?

Based on this DEF 14A, Amerant Bancorp Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than immediate financial distress or significant new risks.

What should investors do after reading Amerant Bancorp Inc.'s DEF 14A?

Shareholders should review the proxy statement to make informed decisions on executive compensation and board nominations. The overall sentiment from this filing is neutral.

How does Amerant Bancorp Inc. compare to its industry peers?

Amerant Bancorp Inc. operates as a national commercial bank, providing a range of financial services.

Are there regulatory concerns for Amerant Bancorp Inc.?

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

Industry Context

Amerant Bancorp Inc. operates as a national commercial bank, providing a range of financial services.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

What Investors Should Do

  1. Review the executive compensation details provided in the proxy statement.
  2. Understand the proposals to be voted on at the shareholder meeting.
  3. Assess any changes in corporate governance practices outlined in the filing.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies regarding their annual shareholder meetings and executive compensation.

Filing Stats: 4,355 words · 17 min read · ~15 pages · Grade level 16 · Accepted 2024-03-29 12:07:24

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS 31 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 33

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 35 Compensation Discussion and Analysis 35

EXECUTIVE COMPENSATION TABLES

EXECUTIVE COMPENSATION TABLES 49 PAY VERSUS PERFORMANCE 61 DIRECTOR COMPENSATION 66 EQUITY COMPENSATION PLAN INFORMATION 69 PROPOSAL 2 - SAY-ON-PAY 70 PROPOSAL 3 - RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 71 QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING 73 ADDITIONAL INFORMATION 78 ii Table of Contents Proxy Statement Summary This proxy statement is furnished in connection with the solicitation by the Board of Directors (the "Board") of Amerant Bancorp Inc. ("Amerant," the "Company," "we," or "us") of proxies to be voted at the 2024 annual meeting of shareholders of the Company or any postponement or adjournment thereof (the "Annual Meeting"). The Annual Meeting will be held virtually over the Internet on Wednesday, May 8, 2024 at 8:00 a.m. Eastern Time. These proxy solicitation materials and our Annual Report to shareholders for the year ended December 31, 2023, including related financial statements, were first made available to our shareholders entitled to notice of and to vote at the Annual Meeting on or about March 29, 2024. Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on May 8, 2024 — our Annual Report to Shareholders, this proxy statement and the related proxy card are available at www.proxydocs.com/AMTB. The content on any website referred to in this proxy statement is not incorporated by reference into this proxy statement unless expressly noted. This proxy statement summary highlights important information contained elsewhere in the proxy statement. Since it does not contain all the information you should consider before voting your shares, please read the entire proxy statement carefully before voting. Annual Meeting Information DATE AND TIME: May 8, 2024 at 8:00 a.m. EDT LOCATION: Virtual. Visit www.proxydocs.com/AM TB to register RECORD DATE: March 14, 2024 PROXY MAIL DATE: On or

Executive Compensation

Executive Compensation 7/10 Corporate Governance 10/10 ESG 6/10 Technology & Digital Transformation 4/10 Cybersecurity 1/10 Self-identified Background Gender Male 60% Female 40% Demographic background African American or Black 10% Hispanic or Latino 30% White or Caucasian 60% Information About Director Nominees The Board has nominated the individuals listed below to be elected directors of the Company at the Annual Meeting. Each of the Company's current directors also serves as a director of the Company's wholly-owned bank subsidiary, Amerant Bank, N.A. (the "Bank"). In connection with his or her election to the Company's Board, these nominees will also be elected to the board of the Bank. The following sets forth self-reported biographical information the Company has obtained from the director nominees, including each director's age on the date of this Proxy Statement, employment and business experience, current director positions, the year in which the nominee became a director of the Company, and other information. The following also sets forth the director's particular qualifications, experience, skills or expertise that, when considered in the aggregate, led the Corporate Governance, Nominating and Sustainability Committee to recommend that person as a nominee to serve as a director of the Company. 6 Table of Contents Proposal 1 — Election of Directors Gerald P. Plush, 65 Chairman, President and Chief Executive Officer Director Since: 2019 AMTB Committees: None Other U.S.-Listed Company Directorships: Current: None Former: Santander Consumer USA (NYSE – SC), Webster Bank (NYSE – WBS) KEY EXPERIENCE AND QUALIFICATIONS Highly experienced and successful senior executive, with over 36 years of c-suite level leadership experience in the banking and financial services industry, having served in previous prominent business and operations roles in other financial institutions. CAREER HIGHLIGHTS Serves as the

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