United Community Banks Schedules Shareholder Vote
Ticker: UCB · Form: 8-K · Filed: May 16, 2024 · CIK: 857855
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
Related Tickers: UCBI
TL;DR
UCBI shareholders are voting on something soon. Details TBD.
AI Summary
On May 15, 2024, United Community Banks, Inc. filed an 8-K report detailing a submission of matters to a vote of security holders. The filing indicates a shareholder meeting or vote is scheduled, though specific details of the matters to be voted on are not provided in this excerpt. The company, formerly known as Union Bancshares Inc /GA/, is incorporated in Georgia and headquartered in Greenville, South Carolina.
Why It Matters
This filing signals an upcoming decision-making event for United Community Banks' shareholders, which could impact the company's future direction or governance.
Risk Assessment
Risk Level: low — The filing is procedural and does not disclose any immediate financial risks or significant operational changes.
Key Players & Entities
- UNITED COMMUNITY BANKS, INC. (company) — Registrant
- Union Bancshares Inc /GA/ (company) — Former company name
- May 15, 2024 (date) — Date of earliest event reported
- Georgia (location) — State of incorporation
- Greenville, South Carolina (location) — Address of principal executive offices
FAQ
What specific matters will be submitted to a vote of security holders?
The provided excerpt of the 8-K filing does not specify the exact matters to be voted on by security holders.
When is the date of the shareholder vote or meeting?
The filing indicates May 15, 2024, as the date of the earliest event reported, which is the submission of matters to a vote, but does not specify the exact date of the vote itself.
What is the company's former name?
The company's former name was Union Bancshares Inc /GA/.
In which state is United Community Banks, Inc. incorporated?
United Community Banks, Inc. is incorporated in Georgia.
What is the principal executive office address of United Community Banks, Inc.?
The address of the principal executive offices is 200 East Camperdown Way, Greenville, South Carolina 29601.
Filing Stats: 684 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-16 16:57:44
Key Financial Figures
- $1 — ich Registered Common stock, par value $1 per share UCBI Nasdaq Global Select Mar
Filing Documents
- ucbi-20240515.htm (8-K) — 49KB
- 0000857855-24-000045.txt ( ) — 222KB
- ucbi-20240515.xsd (EX-101.SCH) — 3KB
- ucbi-20240515_def.xml (EX-101.DEF) — 17KB
- ucbi-20240515_lab.xml (EX-101.LAB) — 30KB
- ucbi-20240515_pre.xml (EX-101.PRE) — 17KB
- ucbi-20240515_htm.xml (XML) — 5KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The 2024 annual meeting of shareholders of United Community Banks, Inc., a Georgia corporation (the "Company"), was held on May 15, 2024 (the "Annual Meeting"). As of March 18, 2024, the record date of the Annual Meeting, 119,136,518 shares of the Company's common stock were outstanding and entitled to vote at the Annual Meeting. A total of 105,460,201 shares of United's common stock, constituting a quorum, were represented in person or by proxy at the Annual Meeting. The Company's shareholders voted on three proposals at the Annual Meeting. The final results of the votes, including the votes cast for, against or withheld, as well as the number of abstentions and broker non-votes, relating to each matter are as follows: Proposal 1. The election of 12 directors to constitute the Board of Directors to serve until the 2025 annual meeting of shareholders and until their successors are elected and qualified: For Withheld Jennifer M. Bazante 91,715,760 2,348,639 George B. Bell 93,186,660 877,739 James P. Clements 91,553,650 2,510,749 Kenneth L. Daniels 93,206,185 858,214 Lance F. Drummond 82,752,085 11,312,314 H. Lynn Harton 90,826,298 3,238,101 John M. James 93,222,570 841,829 Jennifer K. Mann 92,852,565 1,211,834 Thomas A. Richlovsky 90,770,769 3,293,630 David C. Shaver 93,065,053 999,346 Tim R. Wallis 91,612,721 2,451,678 David H. Wilkins 86,643,799 7,420,600 There were 11,395,802 broker non-votes for each director on this proposal. Proposal 2. The approval of an advisory "say on pay" resolution supporting the compensation plan for executive officers: For Against Abstain Broker Non-Votes 91,461,651 2,120,577 482,171 11,395,802 Proposal 3. The ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024: For Against Abstain Broker Non-Votes 104,419,307 1,003,706 37,18
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. UNITED COMMUNITY BANKS, INC. By: / s / Melinda Davis Lux Name: Melinda Davis Lux Title: Executive Vice President, General Counsel, and Corporate Secretary Date: May 16, 2024