Business Context and Reporting Period
This Form 8-K filing by Provident Financial Services, Inc. (PFS) reports on the results of the 2020 Annual Meeting of Stockholders held on April 23, 2020. The company is incorporated in Delaware and trades on the New York Stock Exchange.
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 and does not contain financial performance data.
Material Changes and Voting Results
A total of 58,366,637 shares were present or represented by proxy at the Annual Meeting. The following matters were voted upon:
- Election of Directors: Stockholders elected four directors for three-year terms (Robert Adamo, Laura L. Brooks, Terence Gallagher, Carlos Hernandez) and one director for a one-year term (Ursuline F. Foley). All nominees received majority support, with Ursuline F. Foley receiving the highest vote count (50,380,378 shares for).
- Executive Compensation: An advisory vote to approve named executive officer compensation was approved with 48,703,328 shares voted for and 1,831,676 shares voted against.
- Independent Auditor Ratification: The appointment of KPMG LLP as the independent public accounting firm for the year ending December 31, 2020, was ratified with 56,770,982 shares voted for.
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 disclosure of voting outcomes.
Key Facts for Investor Verification
- Confirm the final composition of the Board of Directors following the election of the four three-year term directors and the one-year term director.
- Verify the ratification of KPMG LLP as the independent auditor for the 2020 fiscal year.
- Note that broker non-votes were significant for the director elections (7,254,792 shares) but did not affect the outcome as the votes for each nominee exceeded the votes withheld.