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EVERBANK FINANCIAL CORP FILES (8-K/A) Disclosing Submission of Matters to a Vote of Security Holders

August 29, 2014

Item 5.07. Submission of Matters to a Vote of Security Holders.

As previously reported on the Company's Current Report on Form 8-K filed on May 27, 2014, at the Company's Annual Meeting of Stockholders, held on May 22, 2014 (the "Annual Meeting"), the Company's stockholders voted on, among other matters, an advisory (non-binding) proposal on the frequency of future advisory "say-on-pay" votes at annual stockholder meetings (the "Say-on-Frequency Vote"). Say-on-pay votes are periodic advisory stockholder votes to approve the compensation paid to the Company's named executive officers as disclosed in the Company's proxy statements.

As previously disclosed in the original Form 8-K, the stockholders voted at the Annual Meeting to hold future advisory votes on executive compensation every year, in accordance with the recommendation of the Company's Board of Directors. Based on the results of the Say-on-Frequency Vote and the previous recommendation of the Board, the Board has determined that it will include an advisory vote on executive compensation in the Company's proxy materials every year, until such time as another advisory vote on the frequency of such non-binding advisory votes on executive compensation is held, in accordance with Section 14A(a)(2) of the Securities Exchange Act of 1934, as amended.


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Source: Edgar Glimpses

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