Business Context and Reporting Period
This Form 8-K reports on the results of the annual meeting of stockholders for Byline Bancorp, Inc., held on June 7, 2019. The company is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol "BY".
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.
Material Changes and Voting Results
Two proposals were presented and voted upon by stockholders:
- Proposal 1: Election of Directors. Nine director nominees were elected to serve one-year terms. All nominees received a majority of votes cast "For".
- Proposal 2: Ratification of Auditors. Stockholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
Director Election Details
| Director Nominee | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Phillip R. Cabrera | 28,200,810 | 337,084 | 4,015,022 |
| Antonio del Valle Perochena | 28,447,036 | 90,858 | 4,015,022 |
| Roberto R. Herencia | 28,480,698 | 57,196 | 4,015,022 |
| William G. Kistner | 28,218,628 | 319,266 | 4,015,022 |
| Alberto J. Paracchini | 27,762,933 | 774,961 | 4,015,022 |
| Steven M. Rull | 28,529,296 | 8,598 | 4,015,022 |
| Jaime Ruiz Sacristan | 28,408,225 | 129,669 | 4,015,022 |
| Robert R. Yohanan | 28,467,241 | 70,653 | 4,015,022 |
| Mary Jo S. Herseth | 28,206,203 | 331,691 | 4,015,022 |
Auditor Ratification Details
| Vote Type | Number of Shares |
|---|---|
| Voted "For" | 32,380,618 |
| Voted "Against" | 167,280 |
| Abstentions | 5,018 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the successful election of all nine director nominees, noting that Alberto J. Paracchini received the highest number of withheld votes (774,961) among the group.
- Confirm the ratification of Moss Adams LLP as the independent auditor for the 2019 fiscal year.
- Note the significant number of broker non-votes (4,015,022) recorded for the director election, which did not affect the outcome but indicates shares held in street name where brokers lacked discretionary voting power.
- Check subsequent filings (e.g., 10-K or 10-Q) for financial performance data, as this 8-K contains no financial metrics.