Stellar Bancorp Files 8-K on Shareholder Vote and Financials
Ticker: STEL · Form: 8-K · Filed: Jun 5, 2024 · CIK: 1473844
Sentiment: neutral
Topics: shareholder-vote, financials, filing
TL;DR
Stellar Bancorp filed an 8-K for shareholder votes and financials. Check it out.
AI Summary
On June 4, 2024, Stellar Bancorp, Inc. filed an 8-K report detailing the submission of matters to a vote of security holders and financial statements. The filing also includes exhibits related to these matters. Stellar Bancorp, Inc. is incorporated in Texas and its principal executive offices are located in Houston.
Why It Matters
This filing provides important updates for Stellar Bancorp's shareholders regarding upcoming votes and financial performance, which can influence investment decisions.
Risk Assessment
Risk Level: low — This is a routine filing for an 8-K, primarily reporting on shareholder votes and financial statements, with no immediate indication of significant negative events.
Key Players & Entities
- Stellar Bancorp, Inc. (company) — Registrant
- June 4, 2024 (date) — Date of earliest event Reported
- Texas (location) — State of Incorporation
- Houston (location) — Address of Principal Executive Offices
- 001-38280 (other) — Commission File Number
- 20-8339782 (other) — I.R.S. Employer Identification Number
FAQ
What specific matters are being submitted to a vote of security holders by Stellar Bancorp, Inc.?
The filing indicates that matters are being submitted to a vote of security holders, but the specific details of these matters are not provided in the excerpt.
What is the significance of the 'Financial Statements and Exhibits' item in this 8-K filing?
This item signifies that Stellar Bancorp, Inc. is providing updated financial statements and related exhibits as part of this report.
When was Stellar Bancorp, Inc. incorporated, and where are its principal executive offices located?
Stellar Bancorp, Inc. was incorporated in Texas, and its principal executive offices are located at 9 Greenway Plaza, Suite 110, Houston, Texas.
What is the Commission File Number and IRS Employer Identification Number for Stellar Bancorp, Inc.?
The Commission File Number is 001-38280, and the I.R.S. Employer Identification Number is 20-8339782.
Does this 8-K filing contain any information about recent acquisitions or mergers?
The provided excerpt of the 8-K filing does not mention any specific details about acquisitions or mergers; it focuses on matters for security holder votes and financial statements.
Filing Stats: 693 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-06-05 16:31:04
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share STEL New York Stock Exchange
Filing Documents
- stel-20240604.htm (8-K) — 41KB
- 0001473844-24-000021.txt ( ) — 166KB
- stel-20240604.xsd (EX-101.SCH) — 2KB
- stel-20240604_lab.xml (EX-101.LAB) — 22KB
- stel-20240604_pre.xml (EX-101.PRE) — 13KB
- stel-20240604_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders On June 4, 2024, Stellar Bancorp, Inc. (the "Company") held its Annual Meeting of Shareholders to consider and act upon the items listed below: Proposal 1 - The shareholders of the Company elected five Class II directors to the Board of Directors of the Company to serve for a term commencing on June 4, 2024 and continuing until the Company's 2027 annual meeting of shareholders; each until their respective successor or successors are duly elected and qualified or until their earlier resignation or removal. The number of votes for, withheld and broker non-votes for the election of each director was as follows: Nominee Votes For Votes Withheld Broker Non-Votes Cynthia A. Dopjera 34,189,386 240,568 9,278,428 Jon-Al Duplantier 31,839,925 2,604,213 9,264,244 Joe E. Penland, Sr. 32,111,265 2,332,873 9,264,244 Tymothi O. Tombar . 32,401,999 2,042,139 9,264,244 John E. Williams, Jr. 22,788,532 11,655,606 9,264,244 Proposal 2 - The shareholders of the Company adopted, on a nonbinding advisory basis, a proposal approving the compensation of the Company's named executive officers by the votes set forth in the table below ("Say-On-Pay"): Votes For Votes Against Abstentions Broker Non-Votes 32,890,811 1,205,118 348,209 9,264,244 Proposal 3 - The shareholders of the Company ratified the appointment of Crowe LLP as the independent registered public accounting firm of the Company for the year ending December 31, 2024 by the votes set forth in the table below: Votes For Votes Against Abstentions 43,308,130 199,618 200,634 As of April 29, 2024, the record date (the "Record Date") for the 2024 Annual Meeting, there were 53,574,261 shares of common stock, par value $0.01 per share ("Common Stock"), of the Company issued and outstanding. 43,708,382 shares of Common Stock, or 81.58%, were represented in person or by proxy and voted at the Annual Meeting, constituting a quorum.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . The following are furnished as exhibits to this Current Report on Form 8-K: Exhibit Number Description of Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. STELLAR BANCORP, INC. Date: June 5, 2024 By: /s/ Paul P. Egge Paul P. Egge Chief Financial Officer