SEC Filing Summary: BofI Holding, Inc. (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by BofI Holding, Inc. (the "Registrant"), the parent company of BofI Federal Bank, on November 14, 2012. The report covers events occurring on November 8, 2012, specifically the Company's annual meeting of shareholders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results rather than financial performance data.
Material Changes and Voting Results
The primary material event reported is the outcome of the shareholder vote at the annual meeting. Two proposals were submitted:
- Proposal 1: Election of Directors
- Jerry F. Englert: Elected with 5,575,362 votes For, 2,034,025 Withheld, and 2,676,785 Non-Votes.
- Gregory Garrabrants: Elected with 7,369,989 votes For, 239,398 Withheld, and 2,676,785 Non-Votes.
- Paul Grinberg: Elected with 7,258,330 votes For, 351,057 Withheld, and 2,676,785 Non-Votes.
- Proposal 2: Ratification of Auditors
- Crowe Horwath LLP was ratified as the independent auditor for fiscal year 2013.
- Votes: 10,261,745 For, 12,322 Against, 12,105 Abstain, and 0 Non-Votes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the tabulation of shareholder votes.
Investor Verification Checklist
- Verify the official appointment of Jerry F. Englert, Gregory Garrabrants, and Paul Grinberg to the Board of Directors.
- Confirm the engagement of Crowe Horwath LLP for the 2013 fiscal year audit.
- Note the significant number of withheld votes for Jerry F. Englert (approx. 26% of votes cast) compared to the other directors.
- Review the full Proxy Statement (sent to stockholders of record as of September 10, 2012) for detailed background on the nominees and auditor selection.