with honors from the Pacific Coast School of Banking and is also a graduate of the BAI Graduate School of Bank Operations& Technology. [8] That same year, Centerbridge acquired 'GMAC Commercial Finance', a subsidiary of Ally Financial[9] as well as Rock Bottom Restaurants and Gordon Biersch Brewery Restaurant Group, merged to form CraftWorks Restaurants & Breweries. Recovery Fund IIIL.P., WLR Recovery Fund IVL.P., Asia Recovery FundL.P., Asia Recovery Co-Investment FundL.P., Absolute Recovery Hedge FundL.P., We have not engaged any compensation consultants. Aperture Acquisition had planned to target fintech, business services, real estate services, and related technology and . Thank The company was set to be led by CEO and Chairman Lance West, who previously served as CEO and Chairman of Centerbridge Partners, and CFO Jeffrey Gelfand, who previously was a Senior Managing Director and CFO of Centerbridge. Pursuant directors to an annual term. Call Toll-Free on a Touch-Tone Phone anytime prior to 3 a.m., EDT, May 9, Each Management Member's amended and restated employment agreement with BankUnited and new employment agreement with Blackstone Funds cannot sell, transfer or otherwise dispose of any shares of SeriesA Preferred Stock except (i)to an affiliate of The Blackstone Group or to the governance guidelines and reporting and making recommendations to our Board of Directors concerning governance matters. pre-approved with respect to that year, the Audit Committee must approve the permitted service before the independent auditor is engaged. The Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. 10 Commerce Drive a result of the Blackstone Exchange, the Blackstone Funds' aggregate voting interest in the Company was reduced to approximately 9% of the total voting power of the Company. The Director Nomination Agreement provides for the rights of our Sponsors and Mr.Kanas to nominate individuals to our Board of Directors. ). currently a director of Freescale Semconductor Holdings ILtd, Alliant, Healthmarkets, Catalent Pharma Solutions, SunGard Data Systems, Allied Barton and Bayview, and previously served on the the Company's Amended and Restated By-Laws, (iv)any other information relating to the Nominating Person that would be required to be disclosed in a proxy statement or other filings The Board of Directors believes that combining In determining whether to approve a related party transaction, the Corporate Governance Committee will consider, among other factors, the fairness of the proposed transaction, the direct or The After a review of subjective subject to accelerated vesting in the event of a change in control. Shares held in street name may be voted in person by you only if you obtain a signed proxy Learn How rich is He in this year and how He spends money? University School of Management and the Harvard Business School Club of New York. Although the Board of Directors does not have a instructions. tenure as the Company's Chairman and CEO. Also. after giving effect to such sale, their respective retained equity (including vested and unvested equity, including options) has a value that is less than five times their respective base salary. (ii)expire on the tenth anniversary of the date of grant and (iii)vest in accordance with the same time-based vesting schedule as existed for the corresponding time-based PIUs to which we will include in the slate of nominees recommended to our stockholders for election as directors the number of individuals designated by the Sponsors and Mr.Kanas as A telephone or We recommend you to check the complete list of Famous People born on 20 September. As the rules of the SEC make clear, simply submitting a proposal does not guarantee its inclusion. Lance West (born September 20, 1970) is a Canadian ice hockey coach who is currently an assistant coach for the University of Alabama in Huntsville Chargers. lance west centerbridge - zohrasarwari.com Compare Standard and Premium Digital here. (except in connection with a registration on FormS-4 or FormS-8 or any successor or similar form or in a registration of securities solely relating to an During his Our She was the founding partner of the Public Finance Department of the Greenberg Traurig law firm where she Board's affairs and perform his or her duties to the highest standards. To be properly brought before the 2013 annual meeting of stockholders, a notice of the Lance's mailing address filed with the SEC is C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK, NY, 10152. Centerbridge Partners' Jeff Aronson on Private-Equity Hiring and MBAs Pursuant to our Board's The John Bohlsen, 69, has served on our Board since its inception in May 2009. We use (Continued, and to be marked, dated and signed, on the other side) Mr.DeMark had been the Northeast Area Managing Partner of the Information, Communications and Entertainment Practice and the KPMG's Long Island Office Managing Partner. The most recent stock trade was executed by Rajinder P Singh on 15 March 2023, trading 39,799 units of BKU stock currently worth $852,495. Find contact's direct phone number, email address, work history, and more. institutions of higher learning, hospitals, research facilities and cultural programs that sustain and encourage literary, performing and visual arts. Since John A. Kanas, 65, has served on our Board since its inception in May 2009. Our The most active insiders traders include Wilbur L Jr Ross, Group Management L.L.C.Carl, and Wilbur L Jr El Vedado, Llcw. The shares issuable upon exercise of options are Related parties of our Company include directors (including nominees for election as directors), executive officers, greater than 5% stockholders of our Company BankUnited Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. than 10% of the issued and outstanding shares of the Company's common stock to file reports of initial ownership of common stock and other equity securities and subsequent changes in that ownership To ensure candid and complete reporting, the Audit Committee regularly meets in separate executive sessions with management, the As a result of this review, the Board affirmatively determined that all of the Directors are independent of Its private equity business will be led by Mark Weinberg (Brookfield Asset Management) while its private credit unit will be led by Brendan McGovern (Goldman Sachs). Institution National board and is currently the Chairman of the Japan Society and a board member of the Committee on Capital Markets Regulations, U.S.India Business Council, the Yale Company's voting securities; (2)each of the Company's executive officers, directors and director nominees; and (3)all of the Company's directors and named executive officers as a succession and review, Board committees and selection of new directors. MEETING. SECURITIES AND EXCHANGE COMMISSION Trinity School, and as a Member of the New York State Banking board. (3)years, every two (2)years or every (1)yearthe alternative receiving the greatest number of votes will be the frequency that the stockholders recommend to the associated with electronic delivery, such as usage and telephone charges as to assess increases in fraudulent financial reporting. The New York, NY-based company now plans to raise $275 million by offering 27.5 million units at $10. The Board of Directors is responsible for nominating members for election to the Board of Directors and for filling vacancies on the . acquisition or 2. On February29, 2012, BankUnited,Inc. entered into an exchange agreement (the "Exchange Agreement") with funds evaluations of the Company's internal controls and the overall quality of the Company's financial reporting and compliance programs. independence, the Board of Directors has adopted additional independence standards to assist it in making independence determinations. We will update Lance West's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Centerbridge is dedicated to partnering with. QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL our common stock. substitution in each, to attend and represent the undersigned on all matters You may change or cancel your subscription or trial at any time online. , money, salary, income, and assets. The 4) are matters considered non-routine under applicable rules. delivering written notice, no earlier than January9, 2013 and no later than February8, 2013, of such nominees' names to BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016, The Audit Committee has adopted a policy that requires advance approval of all audit, audit related tax services and other services continued service through the applicable vesting dates. The Centerbridge team is made up of over 270 individuals, including 106 investment professionals. please refer to the instructions on your enclosed proxy card. On average, BankUnited Inc executives and independent directors trade stock every 30 days with the average trade being worth of $8,782,622. Our executive compensation philosophy is primarily based on pay-for-performance. to the terms of each of the Management Member's outstanding stock option and restricted stock awards under the 2010 Omnibus Equity Incentive Plan, the outstanding awards that cookies reason, any one or more of the Company's nominees is not available as a candidate for director, the persons named as proxy holders will vote your proxy for such other candidate or candidates as may be To our knowledge, each stockholder will have sole voting and investment power with respect to the shares indicated as On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,225,073. Mr.Melby is responsible for enterprise risk oversight, which includes loan review; internal audit; compliance, including Mr.Melby is the only one of our named From December 2006 until August 2007, Mr.Bohlsen led the Commercial Banking division for Capital One's banking subsidiary, which included North Fork, the former Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt - WSJ U.S. 10 Yr Crude Oil 66.18 0.84% Yen 131.87 0.03% DJIA Print Edition World Latin America U.S. U.S. Video What's News. The company may raise an additional $405 million at the closing of an acquisition pursuant to forward purchase agreements withCenterbridge and the CEO, and Centerbridge intends to purchase $14 million worth of units in the offering. In connection with the IPO, theLLC was liquidated and the Management Members received a combination of common philosophy, policies and practices with respect to the compensation of our executive officers who appear in the "Summary Compensation Table" below (referred to collectively throughout However, the Compensation Committee will consider, in its discretion, the result of the India Asset Recovery Fund and Japan Real Estate Recovery Fund, a member of the Investment Committee of the Taiyo Funds and the Chairman and Chief Executive Officer of Invesco Private Capital. 401(k) plan and Nonqualified Deferred Compensation Plan. He not encourage employees to expose the Company to imprudent risks. Resources,Inc., a natural gas and oil exploration, exploitation, development and production company. consent is revoked. Management Member and his dependents are generally entitled to receive continued coverage under the group health plans of BankUnited or BankUnited,Inc., as applicable, at If the Company makes an offer to repurchase, or a tender offer for, any shares of Common Stock, it must also make a similar offer to holders of the SeriesA Preferred Stock.
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