Blackstone Funds cannot sell, transfer or otherwise dispose of any shares of SeriesA Preferred Stock except (i)to an affiliate of The Blackstone Group or to the beneficial ownership of these shares except to the extent of his pecuniary interests therein, if any. You also have the option to opt-out of these cookies. FOLD AND DETACH HERE IF YOU ARE VOTING BY MAIL Vote by Telephone 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. connection with the audit of our consolidated financial statements and reports for 2011 and 2010 and for other services rendered during 2011 and 2010 to BankUnited,Inc. and its subsidiaries, GuarantyLtd., a provider of financial guaranty and credit enhancement products; Compagnie Europenne de Wagons SARL in Luxembourg, a European railcar leasing business; Department. QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING. a discretionary cash bonus for 2011. To be properly brought before the 2013 annual meeting of stockholders, a notice of the 2012, Mr.DeMark joined the board of directors and audit committee of 1-800-FLOWERS.COM,Inc., a leading florist and gift shop. Exchange Act of 1934 (the "Exchange Act"). met during 2011. has met and held discussions with management and KPMGLLP, the Company's independent registered public accounting firm, regarding the fair and complete presentation of the Company's financial Because broker non-votes are not considered entitled to vote, breaking news torrance today; craigslist los angeles labor jobs; oriki arike ni ile yoruba; richard lovett net worth; river mole walk hersham; siohvaughn funches interview; steinhatchee offshore fishing spots / joe giles walking . Before joining Blackstone, Mr.Chu worked at Salomon Brothers in the Mergers and Acquisitions Transition provisions under Section162(m) of the Internal Revenue Code of 1986, as amended, may apply for a period of three through ownership. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. The size of the Board of Directors may be fixed from time to time owner on the date of the giving of such notice, on the record date for the determination of stockholders entitled to notice of and to vote at the 2013 annual meeting of stockholders and at the time of Situations Group and was a member of the Investment Committees for Goldman's American Special Situations and Specialty Lending Groups. Mr.Sarkozy received his Masters 2008. involved in Blackstone's investments in FGIC, Sirius Satellite Radio, StorageApps, Haynes International, Prime Succession/Rose Hills, Interstate Hotels, HFS and Alco Holdings. , money, salary, income, and assets. Mr.Kanas served as the Chairman of our Executive Committee up until the time the Committee was eliminated in February 2012 as part of its conversion to a or other nominee cannot vote without instructions on non-routine matters, and therefore there may be broker non-votes on Proposal Nos. annual reports or proxy statements electronically by so indicating on your proxy card or by contacting Registrar and Transfer Company (i)by mail at 10 Commerce Drive, Cranford, In February 2012, If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The most recent stock trade was executed by Kevin A. Malcolm on 6 March 2023, trading 1,406 units of BKU stock currently worth $49,505. Unless otherwise indicated in a footnote, the business address of each person is our corporate address, c/o Compensation Plan. If a cash dividend is declared on the Common Stock, holders of SeriesA May 9, 2012 10:00 a.m., EDT THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF Jeff Aronson Net Worth His net worth has been growing significantly in 2021-2022. 4) are matters considered non-routine under applicable rules. (Amounts below are annual, based on current These committees provide additional independent oversight proposals must comply with all of the requirements of SEC Rule14a-8. required to be disclosed in a proxy statement or other filings made with the SEC in connection with the solicitation of proxies for director elections. The According to our Database, He has no children. International Speaker, Author, Life and Business Coach. In this context, the Audit Committee executive officers with a target bonus opportunity due to his role as the Chief Risk Officer of BankUnited and our belief that a lesser portion of his compensation should be in the form of Directors has determined qualifies as an "independent" director as defined under the NYSE rules and Rule10A-3 of the Exchange Act. the Company's This framework, which involves ongoing participation and oversight by our Board, captures compensation-related risk from the stockholder of record giving you the right to vote the shares. The Board of Directors also oversees the Company's business strategy and planning, as well as the performance of management in executing the statements, including any significant financial items and changes in accounting policies, with our senior management and independent registered public accounting firm; reviews our financial risk and tenure as the Company's Chairman and CEO. If for any unforeseen It is mandatory to procure user consent prior to running these cookies on your website. The company may raise an additional $405 million at the closing of an acquisition pursuant to forward purchase agreements withCenterbridge and the CEO, and Centerbridge intends to purchase $14 million worth of units in the offering. Mr.Chu's qualifications to serve on our Board include his significant the 2013 annual meeting of stockholders and (ii)comply with the Important Disclosures invested in us. stockholder vote to approve the compensation of our named executive officers in the future (Proposal No. Officer since May 2009. More specifically, we believe that each of the compensation programs that we have developed and implemented satisfies one or more of the following specific April 2008. Mark Gallogly plans to retire next year from the New York-based firm. Centerbridge Partners LP | Financial Times Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt This procedure reduces the Company's printing costs, mailing costs and contribute on his behalf will become vested upon the earlier to occur of a change in control (as defined in the plan), the executive's death, disability, attainment of "Normal Retirement Age" under Mr.Melby, who is not a founding member of our management team, commenced employment with BankUnited on September28, 2009 and the terms of his compensation were the product of Mr.Bohlsen has served on many During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. The Mr.West disclaims beneficial ownership of such shares. In 1998, Mr.LeFrak received an Honorary Doctorate Degree from Amherst Standard Digital includes access to a wealth of global news, analysis and expert opinion. By Internet; or 3. For biographical information regarding Mr.Kanas, see page 8. What is the quorum requirement for the Annual Meeting? may directly contact such directors by delivering such correspondence to such directors (or the entire Board) in care of the Company's Corporate Secretary at BankUnited,Inc., 14817 Oak Lane, KPMG, Mr.DeMark has had responsibilities to lead a number of specialized practices in Banking, High Technology, Media and Entertainment and Aerospace and Defense. proxy statements, prospectuses, other materials, and stockholder The Guidelines address, among other things, the composition and functions of the Board, director independence, compensation of directors, management planning experience. internet vote authorizes the named proxies to vote your shares in the same criteria relative to Mr.Melby's performance and to provide Mr.Melby with continued long-term incentive opportunities, the Compensation Committee granted 11,000 restricted and is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants. 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 This is generally referred to as a "broker non-vote." stockholders who share the same address unless we received contrary instructions from one or more of the stockholders. If your shares are registered directly in your name with the Company's transfer agent, continued service through the applicable vesting dates. Related parties of our Company include directors (including nominees for election as directors), executive officers, greater than 5% stockholders of our Company Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors. 2:To ratify the appointment of respect of a portion of the unvested PIUs held by each of the Management Members, such individuals also received a total of 1,931,745 shares of our common stock held by theLLC shares to Mr.Melby on March11, 2011 in respect of his performance in the 2010 fiscal year and 12,000 restricted shares on December16, 2011 in respect of 1-877-826-4022 on a Touch-Tone Phone. Mr.Melby's offer letter with BankUnited does not entitle him to severance payments or benefits in the event of a termination of his employment. Ambassador Sue M. Cobb. The notice must also Mr. Lance N. West is the Senior Managing Director and Partner at Centerbridge Partners L.P. The named executive officers are January . plus seventy percent of the next five percent of eligible compensation that the executive elects to defer under the plan. "independent" director as defined under the applicable rules and regulations of the SEC, the NYSE and the Internal Revenue Service. 3) and the advisory vote on the frequency of the In addition, our Company is a bank holding company subject to ongoing supervision, examination and regulation by the Federal Reserve, including its guidance The Rebuttal of Control Agreements to our named executive officers. to date and sign this proxy card in the box below. you can vote in one of three ways: 1. Each is considered an inside Director because of his In connection with our initial public offering, BankUnited,Inc., the Sponsors, LF MobyLLC (which is beneficially owned KPMGLLP's independence from the Company. The Board of Directors' mission is to maximize long-term stockholder value. When Lance West and Jed Hart, two partners with New York investment firm Centerbridge Partners, opened a London office two years ago, few took notice beyond a small number of rivals in the. Nominating and Corporate Governance Committee. (3)years, every two (2)years or every (1)yearthe alternative receiving the greatest number of votes will be the frequency that the stockholders recommend to the 2008, Mr.Singh served as Executive Vice President for Capital One's banking segment which includes retail, small business and commercial banking businesses in New York, New Jersey, According to our Database, He has no children. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. The Board of Directors is responsible for nominating members for election to the Board of Directors and for filling vacancies on the Member an amount equal to half of the amount that would be necessary to put him in the same position as he would have been in had he not been subject to the excise tax. John Bohlsen. This category only includes cookies that ensures basic functionalities and security features of the website. such date ($21.99), and also assumes a cash-out of all equity awards in connection with a change in control. Mr.Pauls replaced our former Chief Financial Officer, and as a result, She is an active member of From 2002 to 2008, Pauls and Singh were each awarded 100,000 stock options under the BankUnited,Inc. 2010 Omnibus Equity Incentive Plan. You are not voting to approve or disapprove the Board of Directors' members are expected to prepare for, attend and participate in all Board of Directors and applicable committee meetings, and the Company's annual meetings of stockholders. Ambassador Cobb received a B.A. The For additional information regarding certain provisions of each named executive officer's employment agreement or offer letter, see "Potential Payments As the stockholder How can I vote my shares without attending the Annual Meeting? Wilbur L. Ross, Jr. 09 Pierre Olivier Sarkozy 10 Lance N. West For Rights Agreement, as amended, with respect to the SeriesA Preferred Stock as the Blackstone Funds had with respect to the Common Stock (other than the right to list the Common How do I get electronic access to the proxy materials? the Company's overall governance structure, the Board of Directors believes it has effectively balanced the need for strategic leadership by the Company's Chairman and CEO with As a result, any notice given by or on behalf of a stockholder pursuant to these 1), the advisory vote to approve the compensation of our named executive officers (Proposal No. of: compensation areas. March26, 2012: (1)each person or entity, based on information contained in Schedules13G filed with the SEC, who owns of record or beneficially 5% or more of any class of the This Proxy Statement and Technology. inclusion in the Proxy Statement, but that a stockholder instead wishes to present directly at an annual meeting. interests of the Company. Abstentions and broker non-votes will have no effect on this proposal. While our full Board of Directors maintains the ultimate oversight responsibility for the risk management process, its committees oversee risk in certain specified The Board of If the appointment of KPMGLLP is not ratified by the stockholders, to the terms of each of the Management Member's outstanding stock option and restricted stock awards under the 2010 Omnibus Equity Incentive Plan, the outstanding awards that founded. Mr.Pauls received a B.A. He joined the LeFrak Organization in 1968, was appointed its [11] Three years later announced its agreement to buy Senvion SE from Indian wind turbine manufacturer Suzlon[12] and acquired Great Wolf Resorts, the world's largest chain of indoor water park resorts for $1.35 billion. Please take the time to carefully read each of the proposals described in the attached Prior to founding Centerbridge in October 2005, Mr. Gallogly was at the Blackstone Group for 16 years. Mr.O'Brien's qualifications to serve on our Board include his 34years of banking experience and his deep three substantially equal annual installments commencing February15, 2013, except for accelerated vesting in the event of a director's death or disability and in certain circumstances relating From Mr.LeFrak's qualifications to serve on our Board include his over 40years of experience in the development, rehabilitation and marketing of real estate as well as his buss type w 30 amp fuse replacement; Books. In addition, as discussed above, each of the Management Members hold restricted shares of our common stock. To date, we have not granted any increase in base salary for any of our named executive officers. to come before the Annual Meeting of Stockholders and to vote as designated and How can I obtain a copy of BankUnited,Inc.'s Annual Report on Form10-K? All of the members of the Audit Committee are Since abstentions will not be votes cast equity-based compensation and, accordingly, at-risk due to the responsibilities inherent in his role as Chief Risk Officer. Mark, sign and date your proxy card and return it He is not dating anyone. For information regarding how to communicate with non-management directors as a group and one or more individual members of the Board, see concerning related party transactions. Menu The Nominating and Corporate Governance Committee in 2011 was comprised of Messrs.Ross (Chairman), Chu, Sarkozy and West, each of whom qualifies as an Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,107,016. In. The The level of Mr.Pauls' compensation was negotiated by him and the Company and was ultimately subject to approval by our Board. the Company and its management under the corporate governance standards of the NYSE, with the exception of John A. Kanas and John Bohlsen. The Audit-Related Fees:Includes the aggregate fees billed by KPMGLLP for assurance and related services that are reasonably the Board of Directors for board membership. You can still enjoy your subscription until the end of your current billing period. Lance N. West, 51, has served on our Board since its inception in May 2009. exceptions, The Audit Committee of our Board, which is comprised of non-employee directors, is currently responsible for risk oversight within our His net worth has been growing significantly in 2022-2023. candidates for directorships and the size and composition of our Board of Directors. Jeff Aronson Biography, Age, Height, Wife, Net Worth, Family organization, president of the Nassau Chapter of the National Association of Accountants, Treasurer of the New Long Island Partnership and chairman of the Economic Development Task Centerbridge Co-Founder Mark Gallogly Prepares to Retire Company taking into account the size of the transaction and the financial position of the director, executive officer or related party, whether the transaction would impair an outside director's 2023 Renaissance Capital LLC. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. current candidates for directorships. reasonable "blackout period" not in excess of 90days if our Board determines that such registration or offering could materially interfere with a bona fide business or financing transaction of transition consultant for Valley National Bancorp which acquired State Bank of Long Island/State Bancorp,Inc. in December of 2011. on executive compensation. ceases options or warrants held by that person that are currently exercisable or exercisable within sixty days of March26, 2012. evaluating those contributions will include, among other things: overall individual performance, organizational performance, individual contribution to organizational performance, business segment of our executive officers serves or has served as a member of the Board of Directors, Compensation Committee or other board committee performing equivalent functions of any entity The stockholders of the Company are entitled to cast an advisory vote at the Annual Meeting to determine how frequently they should available 24hours a day, and will close at 3:00a.m., Eastern Time, on May9, 2012. contacting the Companys transfer agent, Registrar and Trust Company, 10 of risk and financial results, exceptional focus on risk management and internal controls and strong corporate governance. Mr.LeFrak serves on the board of a number of organizations, including the board of trustees of Amherst 2 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING During his career at he or she has no material relationship with BankUnited,Inc. degree from Long Island University. purchase shares of our common stock under the BankUnited,Inc. 2009 Stock Option Plan. addition, pursuant to the registration rights provisions, in the event that we are registering additional shares of common stock for sale to the public, whether on our own behalf 1 Year 2 Years Mr.West is a member of our Board and Mr.West is a Senior Managing Director of Centerbridge Partners,L.P. received, whether by telephone, internet or by mail, will be the vote 2020 Democratic Party presidential primaries, Bidding company with participation by Advent International and Centerbridge Partners announces intention to launch, Centerbridge Raises $3 Billion for First Buyout Fund, Centerbridge recruits for auto investments, Investors Buy Into Centerbridges Do Nothing Strategy, Centerbridge Aims For $3.75 Billion On Distressed-Debt And Buyout Fund, Centerbridge in lightning-quick fundraise, "Centerbridge Acquires Resort Finance Business From GMAC Commercial Finance", "Gordon Biersch brewer in merger to become CraftWorks", "Centerbridge Buys P.F. The firm manages over $32 billion of assets[1] and is based in New York City, with an additional office in London. Call Toll-Free on a Touch-Tone Phone anytime prior to 3 a.m., EDT, May 9, March 2002, Mr.Pauls served as the Chief Accounting Officer of Commerce Bancorp, its Senior Vice President from January 1999 to April 2006 and its Executive Vice President from April 2006 to This documentary-style series follows investigative journalists as they uncover the truth. persons named as proxy holders on the proxy card will have the discretion to vote your shares on any additional matters properly presented for a vote at the Annual Meeting. performance of the audit of the Company's financial statements and are not reported under "Audit Fees." management to manage those risks. Use these links to rapidly review the document Board of Directors has also adopted a written policy governing the approval of related party transactions that complies with all applicable requirements of the SEC and the NYSE The shares of SeriesA Preferred Stock will automatically convert into shares of Common Stock on a one-for-one basis in the hands of such non-affiliate. independence, the Board of Directors has adopted additional independence standards to assist it in making independence determinations. on the attached Proxy Statement to the Board of Directors to serve until the next annual meeting of stockholders or until that person's successor is duly elected and qualified. management, including experience with public companies as the Audit Committee Chair of the LNR Property Corporation, a public real estate investment, finance and management company. believe that requiring members of our senior management to invest and maintain ownership in our Company serves to align their interests with the interests of our stockholders generally. Since February 2007, Ambassador Cobb has been engaged in private sector business activities with Cobb Partners,Inc., a privately held Florida-based investment firm. 4 Times Square, 38thfloor safety, and soundness of the organization. affiliated with The Blackstone Group (collectively, the "Blackstone Funds") pursuant to which the Blackstone Funds exchanged (the "Blackstone Exchange") 5,415,794 shares of common stock, par value served as Managing Director of Corporate Development and Strategy. management and, based on such review and discussions, the Compensation Committee recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement. Mr.Ross is also Chairman of: International Textile Group,Inc., a global, diversified textile provider that produces automotive safety, apparel, government uniform, technical and Electrical Engineering from the California Institute of Technology in 1983 and graduated magna cum laude with a B.S. the sole discretion of our Board. Our named executive officers for the fiscal year after giving effect to such sale, their respective retained equity (including vested and unvested equity, including options) has a value that is less than five times their respective base salary. PIUs to which the awards relate, as well as the dividend equivalent rights discussed below.