Fulton Financial Corp Files Definitive Proxy Statement

Ticker: FULTP · Form: DEF 14A · Filed: Apr 1, 2024 · CIK: 700564

Fulton Financial Corp DEF 14A Filing Summary
FieldDetail
CompanyFulton Financial Corp (FULTP)
Form TypeDEF 14A
Filed DateApr 1, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$2,623,000, $63,000
Sentimentneutral

Sentiment: neutral

Topics: proxy statement, Fulton Financial Corp, shareholder meeting, executive compensation, corporate governance

TL;DR

<b>Fulton Financial Corp has filed its Definitive Proxy Statement for the upcoming shareholder meeting.</b>

AI Summary

FULTON FINANCIAL CORP (FULTP) filed a Proxy Statement (DEF 14A) with the SEC on April 1, 2024. Fulton Financial Corp filed a Definitive Proxy Statement on April 1, 2024. The filing covers the period ending May 20, 2024. The company's fiscal year ends on December 31. Fulton Financial Corp is classified under National Commercial Banks (SIC 6021). The filing includes executive compensation data for 2020-2023.

Why It Matters

For investors and stakeholders tracking FULTON FINANCIAL CORP, this filing contains several important signals. This filing provides crucial information for shareholders regarding upcoming votes and executive compensation. Shareholders can review details on director nominations, executive pay, and other corporate governance matters.

Risk Assessment

Risk Level: low — FULTON FINANCIAL CORP shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring a higher risk assessment.

Analyst Insight

Shareholders should review the proxy statement to make informed voting decisions on corporate governance matters and executive compensation.

Key Numbers

  • 2024-04-01 — Filing Date (Date the Definitive Proxy Statement was filed.)
  • 2024-05-20 — Period of Report (The period for which the proxy statement is relevant.)
  • 2023-12-31 — Fiscal Year End (The end date of the company's fiscal year.)
  • 6021 — SIC Code (Standard Industrial Classification for National Commercial Banks.)

Key Players & Entities

  • FULTON FINANCIAL CORP (company) — Filer name
  • DEF 14A (filing) — Form type
  • 0000700564 (company) — Central Index Key
  • PA (location) — State of incorporation
  • LANCASTER (location) — City
  • 7172912411 (phone) — Business phone

FAQ

When did FULTON FINANCIAL CORP file this DEF 14A?

FULTON FINANCIAL CORP filed this Proxy Statement (DEF 14A) with the SEC on April 1, 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 FULTON FINANCIAL CORP (FULTP).

Where can I read the original DEF 14A filing from FULTON FINANCIAL CORP?

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 FULTON FINANCIAL CORP.

What are the key takeaways from FULTON FINANCIAL CORP's DEF 14A?

FULTON FINANCIAL CORP filed this DEF 14A on April 1, 2024. Key takeaways: Fulton Financial Corp filed a Definitive Proxy Statement on April 1, 2024.. The filing covers the period ending May 20, 2024.. The company's fiscal year ends on December 31..

Is FULTON FINANCIAL CORP a risky investment based on this filing?

Based on this DEF 14A, FULTON FINANCIAL CORP presents a relatively low-risk profile. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring a higher risk assessment.

What should investors do after reading FULTON FINANCIAL CORP's DEF 14A?

Shareholders should review the proxy statement to make informed voting decisions on corporate governance matters and executive compensation. The overall sentiment from this filing is neutral.

How does FULTON FINANCIAL CORP compare to its industry peers?

Fulton Financial Corp operates within the National Commercial Banks industry.

Are there regulatory concerns for FULTON FINANCIAL CORP?

As a publicly traded company, Fulton Financial Corp is subject to SEC regulations and reporting requirements, including the filing of proxy statements.

Industry Context

Fulton Financial Corp operates within the National Commercial Banks industry.

Regulatory Implications

As a publicly traded company, Fulton Financial Corp is subject to SEC regulations and reporting requirements, including the filing of proxy statements.

What Investors Should Do

  1. Review executive compensation details and voting recommendations.
  2. Understand proposals related to corporate governance and director elections.
  3. Note the fiscal year end and reporting periods for financial context.

Key Dates

  • 2024-04-01: Filing of Definitive Proxy Statement — Indicates the formal start of the proxy voting period for shareholders.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure for proxy solicitations and does not represent a change from previous filings of this type.

Filing Stats: 4,405 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2024-04-01 16:05:41

Key Financial Figures

  • $2,623,000 — , our current independent auditor, were $2,623,000, all of which represented audit fees, e
  • $63,000 — hich represented audit fees, except for $63,000 in tax fees. Additional details about a

Filing Documents

Security Ownership of Directors, Nominees, Management and Certain Beneficial Owners

Security Ownership of Directors, Nominees, Management and Certain Beneficial Owners 26 27 PROPOSAL 2 – ADVISORY VOTE ON EXECUTIVE COMPENSATION 28 Proposal 28 Vote Required 28 INFORMATION CONCERNING EXECUTIVE COMPENSATION 29 Compensation Discussion and Analysis 29 Executive Summary 29

Executive Compensation Philosophy

Executive Compensation Philosophy 30 Summary of Executive Compensation Practices 30 Corporate Governance and Compensation Practices 30 Pay for Performance 30

Executive Compensation Decision-Making Process

Executive Compensation Decision-Making Process 31 HR Committee 31 Management 31 Compensation Consultant 32 2023 Peer Group 32 Shareholder Say-on-Pay Proposal Historical Results 32 Compensation Plan Risk Review 33 Elements of Our Executive Compensation Program 33 Base Salary 34 Annual Cash Incentives – VCP Awards 34 2023 Scorecard Matrix 35 2023 VCP Award Matrix 35 Final 2023 Scorecard Matrix 36 Equity Awards – LTI Awards 38 2023 Equity Award Structure 38 Other Compensation Elements 40

Executive Compensation Policies

Executive Compensation Policies 41 Stock Hedging and Pledging Policy and Stock Trading Procedures 41 i Table of Contents Stock Ownership Guidelines 41 Clawback Policies 41 Tax Deductibility of Compensation Expense 42 CEO Pay Ratio Disclosure 42 HR Committee Report 42 Summary Compensation Table 43 Grants of Plan-Based Awards 45 2023 Outstanding Equity Awards at December 31, 2023 46 2023 Option Exercise and Stock Vested 47 2023 Non-Qualified Deferred Compensation 47 Employment Agreements, Severance and Change in Control Payments 48 Potential Payments on Termination and Change in Control 48 2023 NEO Change in Control and Termination Table 51 2023 Pay Versus Performance Disclosure 53 Pay Versus Performance Disclosure 53 Pay Versus Performance Table 53 Performance Measures Used to Link Company Performance and CAP 54 Pay Versus Performance Charts 55 PROPOSAL 3 – RATIFICATION OF INDEPENDENT AUDITOR 56 Proposal 56 Vote Required 56 Relationship With Independent Public Accountants 57 Independent Auditor 57 Fees 57 Audit Committee Pre-Approval Policies and Procedures 57 Audit Committee Report 58 MEETING AND OTHER INFORMATION 59 Date, Time and Place of the Annual Meeting 59 Notice of Internet Availability of Proxy Materials 59 Information Contained in Proxy Statement 59 Shareholders Eligible to Vote and Attend the Annual Meeting 59 Shares Eligible to be Voted 59 Vote Required 59 Quorum Requirement 60 Broker Non-Votes 60 How to Vote 60 Revoking or Changing Your Vote 60 The Cost of the Proxy Solicitation 61 How to Obtain Fulton's Corporate Governance Information 61 Sign Up for Electronic Delivery 61 COMPANY DOCUMENTS AND OTHER MATTERS 61 Shareholder Proposals 61 Procedure for Shareholder Nominations 61 Annual Report 62 Householding of Proxy Materials 62 Other Matters 62 NON-GAAP RECONCILIATIONS Annex A ii Table of Contents 2024

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