8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 16, 2013

 

 

REGIONS FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   001-34034   63-0589368

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1900 FIFTH AVENUE NORTH

BIRMINGHAM, ALABAMA 35203

(Address, including zip code, of principal executive office)

Registrant’s telephone number, including area code: (800) 734-4667

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) At the annual meeting of stockholders of Regions Financial Corporation (“Regions”) on May 16, 2013, the stockholders approved the Regions Financial Corporation Executive Incentive Plan (the “Plan”). The Plan is an annual incentive compensation plan pursuant to which Regions executive officers and other key personnel may be paid annual incentive compensation, based on achievement of predetermined performance goals. Incentive awards to certain key individuals under the Plan are intended to be considered “performance-based compensation” within the meaning of Section 162(m) of the Internal Revenue Code.

The above description of the Plan does not purport to be complete and is qualified in its entirety by reference to the Plan document included as Appendix A to Regions’ Proxy Statement dated and filed with the Securities and Exchange Commission on March 26, 2013 and which Appendix A is incorporated herein by reference.

 

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

At Regions’ annual meeting of stockholders held on May 16, 2013, the stockholders reelected Regions’ 14 incumbent Directors standing for election, approved executive compensation, approved an executive incentive plan, ratified the selection of Ernst & Young LLP as Regions’ independent registered public accounting firm for the 2013 fiscal year, and rejected a stockholder proposal regarding posting a report, updated semi-annually, of political contributions.

The following is a summary of the voting proposals for each matter presented to our stockholders:

1. An election of 14 Directors was held and the shares were voted as follows for the election of each of the following:

 

     For      Against      Abstain      Broker
Non-Votes
 

George W. Bryan

     968,902,964         18,224,563         4,307,627         208,245,063   

Carolyn H. Byrd

     964,602,189         22,567,117         4,265,848         208,245,063   

David J. Cooper, Sr.

     971,594,788         15,471,052         4,369,314         208,245,063   

Don DeFosset

     969,971,892         17,087,283         4,375,979         208,245,063   

Eric C. Fast

     953,030,300         34,033,205         4,371,649         208,245,063   

O. B. Grayson Hall, Jr.

     968,737,141         18,235,107         4,462,906         208,245,063   

John D. Johns

     944,474,997         42,562,875         4,397,282         208,245,063   

Charles D. McCrary

     955,008,829         32,058,255         4,368,070         208,245,063   

James R. Malone

     966,033,343         20,972,488         4,429,323         208,245,063   

Ruth Ann Marshall

     971,830,828         15,312,777         4,291,549         208,245,063   

Susan W. Matlock

     966,275,715         20,760,392         4,399,047         208,245,063   

John E. Maupin, Jr.

     964,519,087         22,630,765         4,285,302         208,245,063   

John R. Roberts

     966,336,515         20,696,512         4,402,127         208,245,063   

Lee J. Styslinger III

     971,287,004         15,773,090         4,375,060         208,245,063   


2. Nonbinding stockholder approval of executive compensation was submitted to the stockholders at the meeting. The full text of the proposal is included in the Proxy Statement dated March 26, 2013. The vote with respect to this proposal was:

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

942,429,224   43,935,794   5,070,136   208,245,063

3. Approval of the Regions Financial Corporation Executive Incentive Plan was submitted to the stockholders at the meeting. The full text of the proposal is included in the Proxy Statement dated March 26, 2013. The vote with respect to this proposal was:

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

941,459,025   45,196,776   4,779,353   208,245,063

4. Regions proposal to ratify the appointment of Ernst & Young LLP as independent auditors of the Company to serve for the 2013 fiscal year was submitted to the stockholders at the meeting. The full text of the proposal is included in the Proxy Statement dated March 26, 2013. The vote with respect to this proposal was:

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

1,176,684,824   20,254,682   2,740,711   0

5. A stockholder proposal regarding posting a report, updated semi-annually, of political contributions was submitted to the stockholders at the meeting. The full text of the proposal is included in the Proxy Statement dated March 26, 2013. The vote with respect to this proposal was:

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

347,942,709   593,858,437   49,634,008   208,245,063


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

REGIONS FINANCIAL CORPORATION

By:  

/s/ Fournier J. Gale, III

Name:   Fournier J. Gale, III
Title:   Senior Executive Vice President,
  General Counsel and Corporate
  Secretary

Date: May 21, 2013