Byline Bancorp, Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: BY · Form: DEF 14A · Filed: Apr 22, 2024 · CIK: 1702750

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Stockholders, Virtual Meeting, Byline Bancorp

TL;DR

<b>Byline Bancorp, Inc. invites stockholders to its virtual Annual Meeting on June 4, 2024, with the Board recommending a 'FOR' vote on all proposals.</b>

AI Summary

BYLINE BANCORP, INC. (BY) filed a Proxy Statement (DEF 14A) with the SEC on April 22, 2024. The 2024 Annual Meeting of Stockholders for Byline Bancorp, Inc. will be held virtually on June 4, 2024, at 8:30 a.m. CDT. The meeting will be accessible via live webcast at www.virtualshareholdermeeting.com/BY2024. The record date for determining stockholders entitled to vote is April 10, 2024. The Board of Directors unanimously recommends a vote 'FOR' each proposal to be considered at the meeting. The proxy statement details the formal business to be conducted and provides information for stockholders.

Why It Matters

For investors and stakeholders tracking BYLINE BANCORP, INC., this filing contains several important signals. Stockholders need to vote to ensure their shares are represented, even if they cannot attend the virtual meeting. The meeting provides an opportunity for stockholders to ask questions directly to the Board of Directors and executive officers.

Risk Assessment

Risk Level: low — BYLINE BANCORP, INC. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.

Analyst Insight

Stockholders should review the proxy statement to understand the proposals and cast their votes accordingly.

Key Numbers

Key Players & Entities

FAQ

When did BYLINE BANCORP, INC. file this DEF 14A?

BYLINE BANCORP, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 22, 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 BYLINE BANCORP, INC. (BY).

Where can I read the original DEF 14A filing from BYLINE 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 BYLINE BANCORP, INC..

What are the key takeaways from BYLINE BANCORP, INC.'s DEF 14A?

BYLINE BANCORP, INC. filed this DEF 14A on April 22, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Byline Bancorp, Inc. will be held virtually on June 4, 2024, at 8:30 a.m. CDT.. The meeting will be accessible via live webcast at www.virtualshareholdermeeting.com/BY2024.. The record date for determining stockholders entitled to vote is April 10, 2024..

Is BYLINE BANCORP, INC. a risky investment based on this filing?

Based on this DEF 14A, BYLINE BANCORP, INC. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational changes indicated.

What should investors do after reading BYLINE BANCORP, INC.'s DEF 14A?

Stockholders should review the proxy statement to understand the proposals and cast their votes accordingly. The overall sentiment from this filing is neutral.

How does BYLINE BANCORP, INC. compare to its industry peers?

Byline Bancorp, Inc. operates as a commercial bank, providing a range of financial services to individuals and businesses.

Are there regulatory concerns for BYLINE BANCORP, INC.?

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Byline Bancorp, Inc. operates as a commercial bank, providing a range of financial services to individuals and businesses.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the proxy statement for details on proposals and board recommendations.
  2. Vote your shares by the deadline, whether attending virtually or not.
  3. Prepare questions for the executive officers and Board of Directors for the virtual meeting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an annual meeting, indicating routine corporate governance procedures.

Filing Stats: 4,761 words · 19 min read · ~16 pages · Grade level 11.3 · Accepted 2024-04-22 16:16:31

Filing Documents

Executive Compensation

Executive Compensation 33 Certain Relationships and Related Transactions 58 Stockholder Proposals 59 Delivery of Documents to Stockholders Sharing an Address 60 Other Matters 60 TABLE OF CONTENTS PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 4, 2024 The enclosed proxy is solicited on behalf of the board of directors (the "Board of Directors" or the "Board") of Byline Bancorp, Inc., a Delaware corporation (the "Company", "Byline Bancorp" or "Byline"), which is a registered bank holding company that owns and operates Byline Bank (the "Bank"), for use at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held virtually on June 4, 2024 at 8:30 a.m. Central Daylight Time. This proxy statement (this "Proxy Statement"), together with the Notice of Annual Meeting and proxy card, is first being made available to stockholders on or about April 22, 2024. Unless we state otherwise or the context otherwise requires, references in this Proxy Statement to "Byline," "we," "our," "us," "ourselves," "the company" and "the Company" refer to Byline Bancorp, Inc., and its consolidated subsidiaries. Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be Held on June 4, 2024 Pursuant to rules of the Securities and Exchange Commission (the "SEC"), we have elected to provide access to our proxy materials via the internet. Accordingly, we sent a notice of internet availability of proxy materials to our stockholders. The Notice provides stockholders with instructions on how to access and review this Proxy Statement and our 2023 Annual Report online, as well as vote online. We, like many public companies, have determined that providing proxy materials electronically significantly reduces our printing and mailing costs associated with the distribution of printed copies of our proxy materials to our stockholders. Stockholders who receive the Notice will not receive a print

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management The following table shows information regarding the beneficial ownership of our common stock for the following: each stockholder known by us to beneficially own more than 5% of our common stock; each of our directors; each of our named executive officers; and all directors and executive officers as a group. All information is as of the record date, except as noted otherwise. Beneficial ownership is shown as of April 10, 2024, and is based on 44,101,633 shares of our common stock outstanding as of April 10, 2024. Beneficial ownership is determined in accordance with the rules of the SEC, which generally attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect to such securities. A security holder also is deemed to be, as of any date, the beneficial owner of all securities that such security holder has the right to acquire within 60 days after such date, such as through the exercise of options or warrants or the conversion of a security. Except as otherwise indicated, all persons listed below have sole voting and investment power with respect to the shares beneficially owned by them. Except as otherwise indicated, the address for each stockholder listed below is c/o Byline Bancorp, Inc., 180 North LaSalle Street, Suite 300, Chicago, Illinois 60601. Beneficial Ownership Name of Beneficial Owners Number Percentage Greater than 5% Stockholders: MBG Investors I, L.P. (1) 11,835,145 26.84% Estate of Daniel L. Goodwin (2) 4,277,559 9.70% BlackRock, Inc. (3) 2,435,733 5.52% Directors: Phillip R. Cabrera 17,471 * Antonio del Valle Perochena (1) 11,835,145 26.84% Mary Jo S. Herseth 16,232 * Margarita Hugues Vlez (4) 4,574 * Steven P. Kent 86,000 * William G. Kistner (5) 14,611 * Carlos Ruiz Sacristn 32,831 * Pamela C. Stewart (6) 2,486 * Named Executive

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on Read The Filing