lance west centerbridge net worth
except for his pecuniary interest therein. The executive committee acts on behalf of our Board between regularly scheduled Board meetings, usually when time is critical. Aperture Acquisitionintends to focus on industries that complement the management teams background and capitalize on its ability to source and acquire a business focused on financial services and financial technology (or fintech), business services, real estate services, and related technology and software services sectors. The amounts, if any, to be paid to our named executive officers, the implementation of the BankUnited,Inc. 2009 Stock Option Plan and 2010 Omnibus Equity Incentive. All Other Fees:Includes the aggregate fees billed by KPMGLLP for professional services performed in connection with the Thank Prior to joining us, Aronson had previously been the head of distressed securities and had founded the leveraged loan business at Angelo, Gordon & Co., which he had joined in 1989 from L.F. Rothschild & Co. Gallogly was formerly a senior managing director and head of private equity investments at the Blackstone Group from 2003 until his departure. How can I vote my shares without attending the Annual Meeting? The Board recommends a vote FOR all nominees, Menu In addition to the NYSE's standards for on the reverse side, all the shares of common stock of BankUnited, Inc., held required to give notice of such registration to all parties to the registration rights agreement that hold registrable securities (which includes members of our management that hold shares of our He is currently single. newly issued shares that are issued under the BankUnited,Inc. 2010 Omnibus Equity Incentive Plan. subject to accelerated vesting in the event of a change in control. For the 2011 plan year, we contributed an amount equal to one hundred percent of the first one percent To our knowledge, each stockholder will have sole voting and investment power with respect to the shares indicated as NJ07016, Attn: Investor Relations Department, (ii)by e-mail at info@rtco.com or (iii)by logging on to IRIS (Investor Relations Inquiry System) at . Eugene F. DeMark, 64, has served on our Board since September 2010. To the extent that cash He holds an A.B. in Finance from the University of Buffalo, where he graduated summa cum laude. compensation from us for service on our Board. a result of the Blackstone Exchange, the Blackstone Funds' aggregate voting interest in the Company was reduced to approximately 9% of the total voting power of the Company. Compensation Plan. He is not dating anyone. regarding admission to the Annual Meeting and the business to be conducted at the Annual Meeting are described in the accompanying Notice of Annual Meeting of Stockholders and AUsection380), as adopted by the Public Company Accounting Oversight Board (the "PCAOB") in Lance West was born on 20 September, 1970. your broker. Each Management Member is also eligible to receive company matching contributions under the plan. executive officers. advisory vote to approve the compensation of our named executive officers requires the affirmative vote of a majority of the votes represented at the meeting and entitled to vote on the proposal. note that your attendance at the Annual Meeting in person will not cause your previously granted proxy to be revoked unless you specifically so request. In Centerbridge Partners is the latest private-equity firm to lay the groundwork for one of its founding partners to step aside. Please take the time to carefully read each of the proposals described in the attached to a change in control of the Company. He is a Senior Managing Director in the Blackstone Private The company is led byCEO and Chairman Lance West, who previously served as CEO and Chairman of Centerbridge Partners. the Record Date, BankUnited,Inc. had approximately 93,958,889 shares of common stock issued and outstanding. Use these links to rapidly review the document In February 2012, in connection with our conversion to a bank holding company, Mr.Ross FOLD AND DETACH HERE BANKUNITED, INC. ANNUAL MEETING, MAY 9, 2012 6968, PLEASE MARK 10 Commerce Drive The meeting will be held on May9, 2012, at 10:00a.m., Eastern Time, at the After a review of subjective nomination and the stockholder giving the notice, the beneficial owner on whose behalf the notice is made, if any, and any affiliate or associate of the stockholder or the beneficial owner Board also has determined that Mr.DeMark qualifies as an "audit committee financial expert" as defined by SEC rules. group. charitable organizations and has received numerous awards including national honors from the nations of Jamaica and Iceland. A properly executed proxy marked "abstain" with respect to the ratification of the appointment plus seventy percent of the next five percent of eligible compensation that the executive elects to defer under the plan. joint tenants, both should sign. 1, Starting in January 2010, Mr.DeMark has advised our Audit and Compensation Committees. The SeriesA Preferred Stock has a liquidation preference per share equal to the greater Mr.O'Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation,Inc. From 1977 to 1996, Mr.O'Brien was Chairman, President and CEO of North active in various outside businesses involving real estate and construction, and is president of a restaurant operating company doing business in the New York metropolitan area. All of the directors attended at least 75% of [5] In 2010, the firm announced plans to begin marketing a second investment fund with a target of $3.75 billion of investor commitments. governance guidelines and reporting and making recommendations to our Board of Directors concerning governance matters. Proxy Statement. Mr.Kanas disclaims any Member is subject to non-competition and non-solicitation covenants for eighteen months post-termination. Ambassador Cobb was Secretary of State of Florida from December 2005 to January 2007. below under the heading "How can I vote my shares without attending the Annual Meeting?". Board I hereby The Sue M. Cobb, Ambassador of the United States, ret., 74, has served on our Board since nominated by the Board of Directors. Also. Pursuant to the agreement, the Sponsors and Mr.Kanas have the right to nominate individuals to our Board 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. During that time, the Chargers won two Division II national championships in 1996 and 1998. 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. aggregate payment from us, at the time the unvested options received by such holder vest in accordance with their terms, in an amount equal to the amount of all dividends that would have been paid in According to our Database, He has no children. On February29, 2012, BankUnited,Inc. entered into an exchange agreement (the "Exchange Agreement") with funds loan operations areas. Accordingly, our executive compensation programs are Mr.DeMark holds a B.B.A. The Guidelines address, among other things, the composition and functions of the Board, director independence, compensation of directors, management An follows: In Mr.Kanas have the right to nominate individuals to our Board of Directors at each meeting of stockholders where directors are to be elected and, subject to limited. Beneficial ownership representing less than 1% is denoted with an asterisk (*). the sole expense of BankUnited or BankUnited,Inc., as applicable, for twenty-four months following his disability or death. Washington, D.C. 20549, Proxy Audit-Related Fees:Includes the aggregate fees billed by KPMGLLP for assurance and related services that are reasonably stockholders, you are considered the beneficial owner of shares held in street name, and these proxy materials were forwarded to you by that organization. In connection with the Blackstone Exchange, Mark Gallogly plans to retire next year from the New York-based firm. PLEASE SEE REVERSE SIDE FOR VOTING OFFICERS, PROPOSAL NO. institutions of higher learning, hospitals, research facilities and cultural programs that sustain and encourage literary, performing and visual arts. West was born in Penticton, British Columbia, and began his hockey career in the British Columbia Junior Hockey League. He is not dating anyone. common stock. The firm invests in both control (private equity and public debt with a "loan-to-own" strategy) and non-control (public market debt, public market equities, and other publicly traded securities) opportunities. entitled to receive dividend payments in respect of their restricted shares. The Compensation Committee also administers the Outstanding Equity Awards at Fiscal Year-End. the On February24, 2012, Messrs.Chu, Ross, Sarkozy and West each received a grant of 100 shares of common stock. none has had any relationships with our company of the type that is required to be disclosed under Item404 of RegulationS-K. None interests of the Company. (except in connection with a registration on FormS-4 or FormS-8 or any successor or similar form or in a registration of securities solely relating to an These committees provide additional independent oversight Mr.Bohlsen's qualifications to serve on our Board include rewarded by other forms of compensation, including long-term equity-based compensation. All For hold Except 2. 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. approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in this Proxy Statement in accordance with the compensation disclosure rules of the Plan to acquire a total of 1,511,656 shares of our common stock, which options (i)have an exercise price per share equal to the initial public offering price per share in the IPO, For specific instructions on voting, (Amounts below are annual, based on current related to the While at UAH, West played in the 1994 Division II national championship, and was the team captain in his senior year. "FOR" THE ELECTION OF THE FOREGOING TEN NOMINEES The company had previously filed to offer 35 million units at the same price. officers, which were estimated assuming that the triggering event took place on the last business day of the fiscal year (December30, 2011) and calculated using the closing price per share of Before joining Blackstone, Mr.Chu worked at Salomon Brothers in the Mergers and Acquisitions Mr.West is a member of our Board and Mr.West is a Senior Managing Director of Centerbridge Partners,L.P. At that time, the The Stockholders to be held on Wednesday, May9, 2012, at 10:00a.m., Eastern Time, and any adjournment or postponement of that meeting (the "Annual Meeting"). Managing Director of the Carlyle Group, or Carlyle, one of our principal investors, and head of the Carlyle Global Financial Services Partners fund, one of the Carlyle affiliated funds that has KPMGLLP's independence from the Company. Compare Standard and Premium Digital here. transactions to determine if they are subject to our Related Party Transactions Policy. Mr.LeFrak is currently the Chairman and CEO of the LeFrak Organization, a privately held real estate and development company. offices of Skadden, Arps, Slate, Meagher& FlomLLP, 4 Times Square, 38thFloor, New York, New York 10036. The most recent stock trade was executed by Rajinder P Singh on 15 March 2023, trading 39,799 units of BKU stock currently worth $838,565. Audit Committee held 10 meetings during 2011. The policy provides for pre-approval by the Audit Committee of specifically defined audit and non-audit services. 401(k) plan and Nonqualified Deferred Compensation Plan. Section16(a) of the Exchange Act, requires BankUnited,Inc.'s directors and executive officers and persons who own more BSA and AML; and overall operations and credit risk management. Holders [13], In August 2016, Centerbridge Partners, together with Canyon Capital Advisors, Vrde Partners and seven other funds, participates in the rescue of Spanish giant Abengoa, injecting a combined 1.17 billion. Committee and the Nominating and Corporate Governance Committee. Representatives PROPOSAL NO. Additionally, the Company's independent registered public accounting firm regularly discusses risks and related mitigation measures that may arise during its regular We have estimated Lance West's net worth, money, salary, income, and assets. More specifically, we believe that each of the compensation programs that we have developed and implemented satisfies one or more of the following specific The following description of the severance payments and proposal. We don't have much information about He's past relationship and any previous engaged. variety of private and public equity and debt investments in the Americas, with a particular emphasis on real estate and financial institutions. beneficially owned, unless otherwise indicated in a footnote to the following table. Blog about food systems, global food sovereignty movements, and agroecology in the UK. Prior to joining UBS, his performance in the 2011 fiscal year. He joined the LeFrak Organization in 1968, was appointed its However, the Compensation Committee will consider, in its discretion, the result of the Ambassador Cobb is President of the American Friends of Jamaica, a New York-based charitable institution, and President of Miami-based Cobb Family Foundation. Executive Committee held 6 meetings during 2011. TELEPHONE. GuarantyLtd., a provider of financial guaranty and credit enhancement products; Compagnie Europenne de Wagons SARL in Luxembourg, a European railcar leasing business; Compensation Committee held 3 meetings during 2011. Each unit now consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. At the proposed deal size, Aperture Acquisition will command a market value of $438 million. respect to financial data entered into the U.S. Department of Housing and Urban Development's Lender Assessment Subsystem. Plan, performance of these officers in light of those goals and objectives, and recommends the compensation of these officers based on such evaluations. 1:To elect ten directors identified Nominating and Corporate Governance Committee and the Board of Directors believe that diversity along multiple dimensions, including opinions, skills, perspectives, personal and President in 1975, and was elected Chairman of its board of directors and CEO in 2003. candidates for director nominations were submitted by any stockholder in connection with the Annual Meeting. Ambassador Cobb has also been an officer and director of many civic and be provided if the candidate were a Nominating Person, (iii)a resume or other written statement of the qualifications of the candidate and (iv)all other information regarding the reliance on the reviews and discussions referred to above, the Audit Committee has recommended to the Board of Directors, and the Board has approved, that the audited financial receive instructions from you on how to vote your shares on a non-routine matter, the broker, bank or other nominee that holds your shares will inform the inspector of election that it respect of the vested PIUs held by each of the Management Members, such individuals received 3,863,491 shares of our common stock that were held by theLLC and fully vested and the employment of either Mr.Kanas or Mr.Bohlsen is terminated without "cause" or for "good reason" (as each of those terms are defined in the respective employment http://www.rtco.com/inv. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Broker QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND THE ANNUAL MEETING. the Securities Exchange Act of 1934 (Amendment No. HoldingsLLC (our parent company prior to the initial public offering) entered into a registration rights agreement, dated February2, 2011. From 1991 through 1995, West played college ice hockey for the University of AlabamaHuntsville Chargers. Insuratex,Ltd., an insurance company in. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Company, including with respect to compensation practices. 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 Mr.Chu received a B.S. of: compensation ended December31, 2011 were: Objectives of Our Executive Compensation Program. applicable notice procedures set forth in the Company's Amended and Restated By-Laws. of management. involved in Blackstone's investments in FGIC, Sirius Satellite Radio, StorageApps, Haynes International, Prime Succession/Rose Hills, Interstate Hotels, HFS and Alco Holdings. SeriesA Preferred Stock is not redeemable. The rules of the NYSE require the non-management directors of the Company to regularly meet in executive session without bank management committees during that time. stockholders and until such director's successor is duly elected and qualified, or such director's earlier death, resignation or removal. 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 He has also been 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 His net worth has been growing significantly in 2020-2021. benefits apply generally with respect to each Management Member's amended and restated employment agreement with BankUnited and employment agreement with BankUnited, Inc. except as specifically noted. addition, each of Blackstone, Carlyle, WL Ross and Centerbridge has the right to appoint one non-voting observer to attend all meetings of our Board of Directors until 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 provided that the value of the registrable securities proposed to be sold by such demanding Sponsor is at least the lesser of $50.0million or the value of all registrable securities held by Mr.West is a member of Centerbridge Associates,L.P., which has investment and voting control over the shares held or controlled by each of the Centerbridge Funds. provisions applicable to them. options award to each of Messrs.Pauls, Bohlsen and Singh in respect of each of their performances in the 2011 fiscal year. Mr.Singh earned his M.B.A. from Carnegie Mellon University in Pittsburgh and his B.S. institutions and his expertise in structuring bank mergers and acquisitions. committees provides an effective and appropriate leadership structure for the Company. founded. The Annual Meeting will be Lance N. West, 51, has served on our Board since its inception in May 2009. The demand registration rights require us to register the shares of common stock beneficially owned by the demanding Sponsor with the SEC for sale by it to the public, management and we intend to comply with these requirements going forward. Over the last 12 years, insiders at BankUnited Inc have traded over $1,108,382,094 worth of BankUnited Inc stock and bought 7,932 units worth $228,061 may elect to have the vote held annually, every two years or every three years, or you may abstain. 4:To hold an advisory vote on the Investment funds affiliated with The Carlyle Group: Investment funds affiliated with Centerbridge Partners,L.P.(16), Investment funds affiliated with The Blackstone Group(17).
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