Business Context and Reporting Period
This Form 8-K is a current report filed by Metropolitan Bank Holding Corp. (MCB) on May 31, 2022. The filing documents the results of the Company's Annual Meeting of Stockholders held on the same date. The Company is incorporated in New York and its common stock trades on the New York Stock Exchange.
Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing reports the following corporate governance actions approved by stockholders:
- Equity Incentive Plan: Stockholders approved the Metropolitan Bank Holding Corp. 2022 Equity Incentive Plan.
- Director Elections: Five directors were elected to serve on the Board of Directors.
- Auditor Ratification: Stockholders ratified the appointment of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022.
Guidance, Outlook, and Risks
This filing does not provide management commentary, financial guidance, outlook, or a discussion of risks and contingencies. The document is strictly a report of stockholder voting results and the approval of the 2022 Equity Incentive Plan.
Key Facts for Investor Verification
- Equity Plan Approval: The 2022 Equity Incentive Plan was approved with 7,851,043 votes for, 290,984 against, and 4,079 abstentions.
- Director Election Results:
- Katrina Robinson (Two-Year Term): 7,711,407 votes For.
- Dale C. Fredston (Three-Year Term): 5,877,649 votes For.
- David J. Gold (Three-Year Term): 5,965,205 votes For.
- Terence J. Mitchell (Three-Year Term): 5,966,204 votes For.
- Chaya Pamula (Two-Year Term): 7,709,994 votes For.
- Auditor Ratification: Crowe LLP was ratified with 9,457,743 votes For and only 19,845 votes Against.
- Broker Non-Votes: There were 1,337,583 broker non-votes recorded for the director elections and the equity plan proposal.