Flushing Financial Corp Files Definitive Proxy Statement

TL;DR

<b>Flushing Financial Corp has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023.</b>

AI Summary

FLUSHING FINANCIAL CORP (FFIC) filed a Proxy Statement (DEF 14A) with the SEC on April 18, 2024. Flushing Financial Corp filed a Definitive Proxy Statement (DEF 14A) on April 18, 2024. The filing covers the fiscal year ending December 31, 2023. The company's Central Index Key is 0000923139. Flushing Financial Corp is incorporated in Delaware. The company's business and mailing address is 220 RXR Plaza, Uniondale, NY 11556.

Why It Matters

For investors and stakeholders tracking FLUSHING FINANCIAL CORP, this filing contains several important signals. This filing provides shareholders with crucial information regarding the company's governance, executive compensation, and proposals to be voted on at the upcoming annual meeting. Understanding the details within this DEF 14A is essential for shareholders to make informed voting decisions and assess the company's performance and strategic direction.

Risk Assessment

Risk Level: low — FLUSHING FINANCIAL CORP shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate or significant new risks are being disclosed beyond standard corporate disclosures.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation, board nominations, and any shareholder proposals before the annual meeting.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-18 — Filing Date (Date of filing)
• DEF 14A — Form Type (Type of filing)
• 001-33013 — SEC File Number (SEC filing identifier)

Key Players & Entities

• FLUSHING FINANCIAL CORP (company) — Filer name
• 0000923139 (company) — Central Index Key
• 2024-04-18 (date) — Filing date
• 220 RXR PLAZA (address) — Business address street 1
• UNIONDALE (address) — Business address city
• NY (address) — Business address state
• 11556 (address) — Business address zip
• 718-961-5400 (phone) — Business phone

FAQ

Industry Context

Flushing Financial Corp operates within the commercial banking industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders.

What Investors Should Do

1. Review executive compensation details and any proposed changes.
2. Examine director nominations and corporate governance proposals.
3. Understand any shareholder proposals and the company's recommendation.

Key Dates

• 2024-04-18: Filing Date — Definitive Proxy Statement filed

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies regarding annual meetings and shareholder votes.

Key Financial Figures

• $0.01 — s furnished to holders of common stock, $0.01 par value per share, of Flushing Financ
• $8,000 — nnual meeting and will be paid a fee of $8,000, plus reimbursement for out-of-pocket e
• $120 billion — fessionals growing the bank ten-fold to $120 billion in assets. The FHLBNY is a wholesale ba

Filing Documents

• d85985ddef14a.htm (DEF 14A) — 1240KB
• g85985dsp001a.jpg (GRAPHIC) — 5KB
• g85985dsp001b.jpg (GRAPHIC) — 4KB
• g85985dsp002.jpg (GRAPHIC) — 5KB
• g85985g58i96.jpg (GRAPHIC) — 6KB
• g85985g67a41.jpg (GRAPHIC) — 22KB
• g85985g91d66.jpg (GRAPHIC) — 7KB
• 0001193125-24-100269.txt (&nbsp;) — 2282KB
• ffic-20231231.xsd (EX-101.SCH) — 6KB
• ffic-20231231_def.xml (EX-101.DEF) — 6KB
• ffic-20231231_lab.xml (EX-101.LAB) — 9KB
• ffic-20231231_pre.xml (EX-101.PRE) — 6KB
• d85985ddef14a_htm.xml (XML) — 264KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 23 Compensation Discussion and Analysis 23 Compensation Committee Report 36 Summary Compensation Table 37 Grants of Plan Based Awards in 2023 38 Outstanding Equity Awards at 2023 Fiscal Year-End 40 Stock Vested in 2023 41 Pension Benefits 41 Nonqualified Deferred Compensation 43 Nonqualified Deferred Compensation Table 44 Potential Payments Upon Termination or Change of Control 45 Potential Payments Upon Termination of Employment 45 Employment Agreements 46 Equity Awards 48 Change of Control Arrangements 48 Risk Assessment of Non-Executive Compensation Plans 49 Risk Assessment 49 CEO Pay Ratio 50 Pay versus Performance 51 PROPOSAL NO. 2 ADVISORY APPROVAL OF EXECUTIVE COMPENSATION 55 PROPOSAL NO. 3 APPROVAL OF THE COMPANY'S 2024 OMNIBUS INCENTIVE PLAN 57 PROPOSAL NO. 4 RATIFICATION OF THE APPOINTMENT OF BDO USA, P.C. AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2024 66 AUDIT COMMITTEE MATTERS 67 Report of the Audit Committee 67 Audit Committee Financial Expert 67 Independent Registered Public Accounting Firm Fees and Services 67 STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 69 Stock Ownership of Certain Beneficial Owners 69 Stock Ownership of Management 70 Section 16(a) Beneficial Ownership Reporting Compliance 71 OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING 72 SHAREHOLDER PROPOSALS FOR 2025 ANNUAL MEETING 72 MISCELLANEOUS 73 APPENDIX A: TEXT OF FLUSHING FINANCIAL CORPORATION 2024 OMNIBUS INCENTIVE PLAN A-1 ii Table of Contents INTRODUCTION This proxy statement is furnished to holders of common stock, $0.01 par value per share, of Flushing Financial Corporation (the "Company"), which is the sole shareholder of Flushing Bank. In this proxy statement we use the term "the Bank" to mean Flushing Bank. Proxies are being s

View Full Filing

View this DEF 14A filing on SEC EDGAR