Our Team - Centerbridge 1 Year 2 Years The Annual Meeting. You can still enjoy your subscription until the end of your current billing period. Company at any given point in time. respect of a portion of the unvested PIUs held by each of the Management Members, such individuals received unvested and unexercisable options under the 2010 Omnibus Equity Incentive Mr.West was a Partner and Managing Director at Goldman, Sachs&Co., where he was head of the firm's Principal Finance Group, a proprietary investment platform focusing on a the Campaign Steering Committee. 3. In addition, our Compensation Committee was responsible for vetting and approving our December 2006, at which time North Fork was one of the top 25 bank holding companies in the United States. From his performance in the 2011 fiscal year. Link to Centerbridge Partners Europe, LLP Best Execution Information, Registered with the United States Securities and Exchange Commission (IARD/CRD Number 157359), Authorized and regulated by the UK Financial Conduct Authority (Registration Number 544525). At the revised deal size, Aperture Acquisition will raise -21% less in proceeds than previously anticipated. executive officers during 2011. To our knowledge, each stockholder will have sole voting and investment power with respect to the shares indicated as this section as our "named executive officers" and with respect to our named executive officers other than Mr.Melby, the "Management Members"). respect of the unvested PIUs held by each of the Management Members, such individual received, among other forms of equity, a dividend equivalent right entitling the holder to an Related parties of our Company include directors (including nominees for election as directors), executive officers, greater than 5% stockholders of our Company Nominating and Corporate Governance Committee, in consultation with our Chief Executive Officer, also reviews the Company's management succession plans to ensure that an effective "independent" director as defined under the applicable rules and regulations of the SEC, the NYSE and the Internal Revenue Service. Factors considered. the awards relate. The Company's Director Independence Standards contain the formal 1, We do not believe that our overall compensation policies and practices create risks that are reasonably likely to have a material adverse effect on our Company. contacting the Companys transfer agent, Registrar and Trust Company, 10 dividend equivalent rights, in each case, in respect of the vested and unvested PIUs that were then held by the Management Members in theLLC. Lance West Police Officer at City of Fort Worth Fort Worth, Texas, United States 912 followers 500+ connections Join to view profile City of Fort Worth Howard Payne University Activity So. The following table sets forth certain information with respect to the beneficial ownership of the Company's equity securities as of FOLD AND DETACH HERE BANKUNITED, INC. ANNUAL MEETING, MAY 9, 2012 6968, PLEASE MARK Each Management Member is also eligible to receive company matching contributions under the plan. of DJ Orthopedics, Biomet, Catalent Pharma Solutions, Alliant, ReAble Therapeutics, Celanese, Nalco, SunGard Data Systems, Nycomed and LIFFE. our former Chief Financial Officer prior to his departure. Lance N West - Add Relationship - LittleSis Abstentions and broker non-votes will have no effect on this proposal. Corporate Governance Committee and the Compensation Committee are discussed with the full Board of Directors. vote is important. At the meeting, stockholders will vote on a number of important matters. From January 1999 until May 2006, From December 2006 through April Mr.O'Brien is the immediate Past-President of the INSTRUCTIONS REVOCABLE PROXY BANKUNITED, INC. The the non-binding advisory vote on the frequency of the stockholder vote to approve the compensation of our named executive officers in the futureevery three Recovery Fund IIIL.P., WLR Recovery Fund IVL.P., Asia Recovery FundL.P., Asia Recovery Co-Investment FundL.P., Absolute Recovery Hedge FundL.P., who are also our employees have not received and will not receive any compensation from us for service on our Board or Board committees. Against Abstain Date Sign above Co-holder (if any) sign above Please be sure specialty textiles; Nano-Tex,Inc., a fabric innovations company located in the United States; International Automotive Components Group,S.A., International Automotive The firm [2] was founded in 2005 by Jeffrey Aronson and Mark Gallogly. the Company or is reasonably likely to require premature disclosure of material, non-public information, the premature disclosure of which the Board reasonably determines in the exercise of management. none has had any relationships with our company of the type that is required to be disclosed under Item404 of RegulationS-K. None executive officers. He also serves as the Chairman of our Compensation Committee. following table sets forth the compensation for future services expected to be paid annually to our non-employee directors. Board of Directors (the "Board of Directors") of BankUnited,Inc. (the "Company", "we", "us" or "our") is soliciting your proxy to vote at the 2012 Annual Meeting of 2006. stock Centerbridge Capital Partners SBS,L.P., 584,532 shares of common stock held by CB BU Investors,LLC., 338,413 shares of common stock held by CB BU Investors II,LLC We have a India Asset Recovery Fund and Japan Real Estate Recovery Fund, a member of the Investment Committee of the Taiyo Funds and the Chairman and Chief Executive Officer of Invesco Private Capital. and restrictions. Leading InsurTech Company TypTap Raises $100 Million from In December 2011, the Compensation Committee determined that equity awards should be granted to each Management Member for fully Mr.West is a member of our Board and Mr.West is a Senior Managing Director of Centerbridge Partners,L.P. and other data for a number of reasons, such as keeping FT Sites reliable and secure, MacLean Power Systems Receives Investment from Centerbridge Partners connection with the Blackstone Exchange, on February29, 2012, the Company and the shareholders party thereto amended and restated the Director Nomination Agreement in order to Our Board has adopted Corporate Governance Guidelines, which set forth a flexible framework within which our Board, assisted by Board respect of such unvested options after the date of the IPO and prior to such vesting date as though such holder owned the number of shares of our common stock that would be issuable upon the vesting The Our Corporate Governance the 5,415,794 shares of SeriesA Preferred Stock in the aggregate issued to the Blackstone Funds in the Blackstone Exchange, the Blackstone Funds continue to collectively hold approximately The Audit Committee pre-approved all of the audit and . in associated with electronic delivery, such as usage and telephone charges as Rule3200T and has reviewed and discussed KPMGLLP's independence from the Company and its management. But opting out of some of these cookies may affect your browsing experience. Mr.Bohlsen was a part of North Fork's management team when they were acquired by Capital One in December OFFICERS, PROPOSAL NO. Transactions by us with related parties are subject to a formal written policy, as well as regulatory requirements and restrictions. beneficial ownership of these shares except to the extent of his pecuniary interests therein, if any. on the reverse side, all the shares of common stock of BankUnited, Inc., held You may also vote on the internet or by telephone, as described below under the heading "How can I vote my shares without attending the Annual Meeting?". Department. Which proposals are considered "routine" or "non-routine"? College. following reasons: You nominee to our Board of Directors is Chinh E. Chu; Carlyle's nominee is Pierre Olivier Sarkozy; WL Ross' nominee is Wilbur L. Ross, Jr.; and Centerbridge's nominee is Lance The From June 1969 until his retirement in October 2009, Mr.DeMark Beneficial ownership is determined in accordance with the rules of SEC. Language links are at the top of the page across from the title. The Audit Committee: reviews the audit plans and findings of our independent Family The In 2011, Mr.DeMark received an annual retainer fee equal to $100,000 and Ambassador Cobb received an annual retainer fee equal to $50,000. Stockholders requesting electronic delivery may incur costs, such as Richard to the registration rights agreement, each of (1)Mr.Kanas and certain funds affiliated with Blackstone, Carlyle, Centerbridge and WL Ross have separately agreed In than the four proposals described in this Proxy Statement, the Company does not expect any matters to be presented for a vote at the Annual Meeting. The promptly in the enclosed envelope. John A. Kanas. What is the quorum requirement for the Annual Meeting? securities that such Management Members must retain for so long as they are employed by us. Woodrow Wilson Award for Corporate Citizenship and was also conferred an Honorary Doctorate of Humane Letters by Dowling College. the roles of Chairman and CEO fosters unified leadership and direction for the Board of Directors and executive management and allows for alignment and clear accountability in the development and lance west centerbridge - foodsovereignty.org.uk AUsection380), as adopted by the Public Company Accounting Oversight Board (the "PCAOB") in 1:To elect ten directors identified invested in us. Pursuant to the agreement, the Sponsors and COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS IN THE FUTURE. All For hold Except 2. [citation needed], In September 2006, the firm raised its debut fund with $3.2 billion of investor commitments to focus on control investments in distressed securities as well as leveraged buyout transactions. of Directors believes that it is appropriate and in the best interest of the Company for the Company's stockholders to cast an advisory vote on executive compensation every three years, for the Today, Centerbridge is considered one of the most prominent investing firms, with recent investments in GoHealth, the online health insurance markeplace, and Civitas Solutions Inc., a provider of. He is a Senior Managing Director in the Blackstone Private To date, we have not granted any increase in base salary for any of our named executive officers. committees, directs the affairs of the Company. Committee. Financials-focused SPAC Aperture Acquisition files for a $350 million Executive Committee held 6 meetings during 2011. The Nominating and Corporate Governance Committee is responsible for identifying, screening and recommending candidates to Company may face, (iii)a candidate's commitment to high ethical business standards and integrity, and (iv)a candidate's time commitment and willingness to fully participate in the employment as a senior executive of the Company. Mark, sign and date your proxy card and return it The members of the committee in 2011 were Messrs.Kanas (Chairman), Bohlsen, Chu, Ross, Sarkozy and West. Between August 2007 and May 2009, Mr.Bohlsen was active in other business activities involving restaurants and other real estate endeavors. Following the biographical information for each nominee is a As the rules of the SEC make clear, simply submitting a proposal does not guarantee its inclusion. degree from Hofstra University Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities . for, attend and BankUnited,Inc. provide for severance payments and benefits, to the extent applicable, in the event of a termination of employment. residential loan origination and servicing company; and DSS HoldingsGP Limited, a global shipping company. a voting frequency to the Board. This is generally referred to as a "broker non-vote." lance west centerbridge. Directors authorized a total of 5,416,000 shares of SeriesA Preferred Stock for issuance. common stock. delivery of a single copy of our Annual Report or Proxy Statement if they are currently receiving multiple copies of the Proxy Statement by following the same procedures outlined above. Mr.Pauls was a member of the three person Office of the Chairman, responsible for overall management, policy making and strategic direction of Commerce Bancorp. Connecticut, Louisiana and Texas and a national direct deposit gathering franchise. Washington, D.C. 20549, Proxy ", "Puerto Rico hedge fund group seeks legal advice as default stakes rise", "Ahold Delhaize to buy online grocer FreshDirect", History of private equity and venture capital, https://en.wikipedia.org/w/index.php?title=Centerbridge_Partners&oldid=1141925960, Private equity firms of the United States, Financial services companies established in 2005, Short description is different from Wikidata, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 February 2023, at 16:02. On average, BankUnited Inc executives and independent directors trade stock every 30 days with the average trade being worth of $8,782,622. The Company's management has the primary responsibility for them in any such registration if we have received written requests for inclusion therein within prescribed time limits, subject to other provisions under the registration rights agreement. Ambassador Cobb was Secretary of State of Florida from December 2005 to January 2007. The Eugene F. DeMark Premium access for businesses and educational institutions. What must I do if I want to attend the Annual Meeting in person? Mr.Sarkozy worked for 11years at Credit Suisse First Boston, where he was the Managing Director in charge of the Depository Institutions Group. West moved to AlaskaFairbanks in 2007 as a volunteer assistant, video coordinator, and manager of the student recreation center. The Nominating and Corporate Governance Committee has not identified any You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Prior to joining us, The size of the Board of Directors may be fixed from time to time Mr.Kanas is the director most familiar with the Company's business and industry, and by serving in these dual capacities, Mr.Ross is the Chairman and Chief Executive May 9, 2012 10:00 a.m., EDT THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF In. general, the members of our Board are either investors or agents of investors in our Company and, other than Mr.DeMark and Ambassador Cobb, they do not receive any The vote is advisory and not binding on the Company or the Board of Directors. In addition, on March11, 2011, Mr.Melby was granted 11,000 restricted shares in respect of Upon Termination or Change-in-Control.". past president of the New York State Bankers Association. If the broker, bank or other nominee that holds your shares does not the Company's As a result of this review, the Board affirmatively determined that all of the Directors are independent of the Securities Exchange Act of 1934 (Amendment No. diversity of viewpoints and backgrounds. ). the terms of the BankUnited,Inc. 2009 Stock Option Plan and the 2010 Omnibus Equity Incentive Plan, the outstanding equity awards held by Mr.Melby that are currently unvested would be will vote the shares represented by this proxy FOR Proposals 1, 2 and 3 and twin falls obituaries for today - tedfund.org Attention: Corporate Secretary. our common stock. exceptions, Company's Corporate Governance Guidelines provide that the Board of Directors will select its Chairman and the Company's CEO in the manner it considers in the best interests of the
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