Bankwell Financial Group Reports Security Holder Vote Matters
Ticker: BWFG · Form: 8-K · Filed: May 29, 2024 · CIK: 1505732
Sentiment: neutral
Topics: corporate-governance, shareholder-vote
Related Tickers: BWFG
TL;DR
BWFG filed an 8-K for a shareholder vote on 5/29.
AI Summary
On May 29, 2024, Bankwell Financial Group, Inc. filed an 8-K report detailing the submission of matters to a vote of its security holders. The filing, with accession number 0001505732-24-000104, indicates a formal reporting event without specifying the nature of the vote or any associated resolutions.
Why It Matters
This filing signals a formal corporate action requiring shareholder input, which could impact the company's governance or strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine procedural report and does not disclose any immediate financial risks or significant operational changes.
Key Players & Entities
- Bankwell Financial Group, Inc. (company) — Registrant
- 0001505732-24-000104 (dollar_amount) — Accession Number
- May 29, 2024 (date) — Report Date
FAQ
What specific matters were submitted for a vote of Bankwell Financial Group's security holders?
The filing does not specify the exact matters submitted for a vote; it only reports that such matters were submitted.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 29, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 258 Elm Street, New Canaan, Connecticut 06840.
What is Bankwell Financial Group's IRS Employer Identification Number?
The IRS Employer Identification Number for Bankwell Financial Group is 20-8251355.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 603 words · 2 min read · ~2 pages · Grade level 7.5 · Accepted 2024-05-29 15:08:58
Filing Documents
- bwfg-20240529.htm (8-K) — 42KB
- 0001505732-24-000104.txt ( ) — 162KB
- bwfg-20240529.xsd (EX-101.SCH) — 2KB
- bwfg-20240529_lab.xml (EX-101.LAB) — 21KB
- bwfg-20240529_pre.xml (EX-101.PRE) — 12KB
- bwfg-20240529_htm.xml (XML) — 3KB
07 Submission of Matter to a Vote of Security Holders
Item 5.07 Submission of Matter to a Vote of Security Holders On May 29, 2024 , Bankwell Financial Group, Inc. (Nasdaq BWFG), (the "Company") held its Annual Meeting of Shareholders (the "Meeting"). Of the 7,908,180 shares of the Company's common stock outstanding as of the record date for the Meeting, 6,755,162 shares were present or represented by proxy at the Meeting. The voting results from the Meeting were as follows: 1. Election of Directors for One-Year Terms (Proposal 1). Director For Withheld Eric J. Dale 4,840,431 (91.77%) 433,856 (8.23%) Darryl M. Demos 4,970,117 (94.23%) 304,258 (5.77%) Blake S. Drexler 4,917,235 (93.23%) 357,052 (6.77%) Jeffery R. Dunne 4,956,166 (93.97%) 318,209 (6.03%) Christopher R. Gruseke 4,899,256 (92.89%) 375,031 (7.11%) Anahaita N. Kotval 4,866,517 (92.27%) 407,858 (7.73%) Todd H. Lampert 4,822,747 (91.44%) 451,540 (8.56%) Kevin D. Leito 4,949,856 (93.85%) 324,431 (6.15%) Carl M. Porto 4,205,696 (79.74%) 1,068,678 (20.26%) Lawrence B. Seidman 5,212,036 (98.82%) 62,339 (1.18%) There were 1,480,787 broker non-votes on the Proposal. 2. Approval on an advisory (non-binding) proposal on the Company's executive compensation (Proposal 2). For 4,699,391 (89.10%) Against 466,884 (8.85%) Abstain 108,100 (2.05%) There w ere 1,480,787 broker non-votes on the Proposal. 3. To ratify the selection of RSM US LLP as the Company's independent registered public accountants for the fiscal year ending December 31, 2024 (Proposal 3). For 6,690,705 (99.05%) Against 62,339 (0.92%) Abstain 2,118 (0.03%) There were no broker non-votes on the Proposal. Accordingly, all Director nominees were elected, and the independent auditors were ratified. The advisory (non-binding) proposal on the Company's executive compensation was also approved.
SIGNATURES
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 hereunto duly authorized. BANKWELL FINANCIAL GROUP, INC. Registrant May 29, 2024 By: /s/ Courtney E. Sacchetti Courtney E. Sacchetti Executive Vice President and Chief Financial Officer