Business Context and Reporting Period
Western Alliance Bancorporation filed this Form 8-K on May 21, 2013, to report the results of its Annual Meeting of Stockholders held on the same date. The filing details the voting outcomes for director elections, executive compensation, and auditor ratification.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
No material financial changes are reported in this document. The primary event is the successful ratification of corporate governance proposals by the stockholders.
Outlook, Risks, and Management Commentary
The filing confirms that all matters voted upon at the Annual Meeting were approved with the required votes. There is no management commentary regarding future guidance, risks, contingencies, or unusual items in this specific report.
Key Facts for Investor Verification
- Voting Participation: 75,975,037 shares were voted, representing approximately 87% of the 87,079,916 shares outstanding.
- Director Elections: Four Class II directors (Cary Mack, Todd Marshall, M. Nafees Nagy, James E. Nave) were elected for three-year terms expiring in 2016.
- Executive Compensation: The advisory vote on executive compensation was approved with 64,374,227 votes for and 1,294,408 votes against.
- Auditor Ratification: McGladrey & Pullen, LLP was ratified as the independent auditor for the fiscal year ending December 31, 2013.
- Broker Non-Votes: There were 10,182,353 broker non-votes recorded for the director elections and the executive compensation proposal.