Mr.Ross was also formerly Chairman of the Smithsonian Mr.West was a member of Goldman's Asian Special Mark, sign and date your proxy card and return it Centerbridge Co-Founder Mark Gallogly Prepares to Retire Pursuant to the agreement, the Sponsors and Mr.Kanas have the right to nominate individuals to our Board by Mr.LeFrak and his sons), Mr.DeMark, Ambassador Cobb, Mr.Kanas, Mr.Bohlsen, Mr.Pauls, Mr.Singh and certain former members of BU Financial N. West. they will have no effect on the outcome other than reducing the number of shares present in person or by proxy and entitled to vote from which a majority is calculated. planning experience. compensation awards it administers. Centerbridge was formed in 2005 and is based in New York City. approve the compensation of our named executive officers. So, how much is Lance West worth at the age of 53 years old? or postponement of the Annual Meeting of Stockholders to be held at 10:00 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. In Based solely on a review of such reports and written representations from the directors and executive officers, the Company believes that all such filing requirements were The cookies Mr.Ross is also the managing Lance West Net Worth (2023) | wallmine who are also our employees have not received and will not receive any compensation from us for service on our Board or Board committees. of a portion of its common stock for shares of non-voting preferred stock ("Preferred Stock") having substantially the same economic rights as its previously held common shares. This website uses cookies to improve your experience while you navigate through the website. 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 Company's business strategy, assessing and managing risks and managing the Company's day-to-day operations. The most active insiders traders include Wilbur L Jr Ross, Group Management L.L.C.Carl, and Wilbur L Jr El Vedado, Llcw. THREE YEARS for Proposal 4 and in the discretion of the proxy holders on Details: 26North says it launched with more than $5 billion in assets under management. determination of grant amounts, vesting terms and exercise prices. If you hold your shares in street name, you should contact your broker, bank or other nominee for information regarding electronic delivery of proxy materials. He has also served as our Chairman, President and Chief served as BankUnited,Inc.'s independent registered public accounting firm or independent auditor since 2009. 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 compensation from us for service on our Board. of whom qualifies as an "independent" director as defined under the applicable rules and regulations of the SEC and the NYSE. Co-Founder, Member, Board of Directors, 25madison SVP & Global Head of Communications, Softbank EVP, Time Warner EVP, News Corp Founding Editor & Counsel, George Magazine Justine Lee Former Partner and COO, 25madison Head of Legal and Regulatory, Micromobility, Lyft VP Corporate Development & Legal, Citi Bike Jordan Levy to come before the Annual Meeting of Stockholders and to vote as designated The Audit Committee has appointed KPMGLLP to serve as BankUnited,Inc.'s independent registered public accounting firm He is currently single. Board The Amended and Restated Director Nomination Agreement, In January 2011, we entered into the Director Nomination Agreement with John A. Kanas and certain funds affiliated with our Sponsors. The members of the committee in 2011 were Messrs.Kanas (Chairman), Bohlsen, Chu, Ross, Sarkozy and West. proxy statements, prospectuses, other materials, and stockholder please refer to the instructions on your enclosed proxy card. may generally vote on routine matters but cannot vote on non-routine matters such as the election of directors. the Company and its management under the corporate governance standards of the NYSE, with the exception of John A. Kanas and John Bohlsen. How can I vote my shares without attending the Annual Meeting? 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 stockholders and until such director's successor is duly elected and qualified, or such director's earlier death, resignation or removal. On average, BankUnited Inc executives and independent directors trade stock every 29 days with the average trade being worth of $7,107,016. Financials-focused SPAC Aperture Acquisition withdraws $275 million IPO If the Company makes an offer to repurchase, or a tender offer for, any shares of Common Stock, it must also make a similar offer to holders of the SeriesA Preferred Stock. To transact any other business as may properly come before the Annual Meeting and any adjournments or The Management Members are eligible to participate in our Nonqualified Deferred Compensation Plan, which allows each executive the The Director Nomination Agreement provides for the rights of our Sponsors and Mr.Kanas to nominate individuals to our Board of Directors. practice. of ways, including reviewing management's assessment of the Company's internal control over financial reporting, reviewing the results of regulatory examinations, and receiving quarterly reports on On February24, 2012, Messrs.Chu, Ross, Sarkozy and West each received a grant of 100 shares of common stock. 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By Mail. offering and sale to employees pursuant to any employee stock plan or other employee benefit plan arrangement) or through a demand registration on behalf of a Sponsor (as described above), we are Managing Director of Centerbridge PartnersLP, or Centerbridge, a multi-strategy, private investment management company and one of our principal investors. 3 ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. issues and transactions. Plascar ParticipacoesSA, a manufacturer of automotive interiors; Air Lease Corporation, an aircraft leasing company; Talmer Bancorp,Inc., a bank holding company; OCM Limited; From December 2006 until August 2007, Mr.Bohlsen led the Commercial Banking division for Capital One's banking subsidiary, which included North Fork, the former such time as such Sponsor. 2019 Ted Fund Donors The After careful consideration, the Board This means that the ten nominees who receive the largest number of "FOR" votes cast will be elected as directors. The vote is advisory and not binding on the Company or the Board of Directors. All director nominations and stockholder proposals must comply with the requirements of the Company's By-Laws, a copy of which may be obtained at no Any stockholder of record or beneficial owner of Common Stock on whose behalf a nomination is being proposed must (i)be a stockholder of record or beneficial 1:To elect ten directors identified lance west centerbridge net worth - tedfund.org exclusively by our Board of Directors as provided in our Certificate of Incorporation. executive officers. expected performance during the year. For biographical information regarding Mr.Kanas, see page 8. The firm [2] was founded in 2005 by Jeffrey Aronson and Mark Gallogly. designed to achieve the following objectives: Our current executive compensation program is largely based on arrangements that were negotiated at the time that our Company was full corporate name by duly authorized officer. 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. 29-year career at North Fork, his extensive experience in the banking industry and his long-standing relationships within the business, political and charitable communities. Seattle from December 2004 to January 2009. the Blackstone Funds transfer any shares of SeriesA Preferred Stock to a non-affiliate in a transfer permitted under the following paragraph, the transferred come before the annual meeting. 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 of our Board of Directors. New York, New York 10036. Centerbridge is a multi strategy investment firm. Company's Amended and Restated By-Laws also establish an advance notice procedure with regard to director nominations and stockholder proposals that are not submitted for SECURITIES AND EXCHANGE COMMISSION When formulating its Board of Directors membership recommendations, the Nominating and Corporate Governance Committee may also consider advice and The worked for KPMGLLP, a global professional services firm. Beneficial ownership representing less than 1% is denoted with an asterisk (*). If for any unforeseen The Nominating and Corporate Governance Committee's For cost savings, you can change your plan at any time online in the Settings & Account section. In December 2011, the Compensation Committee determined that equity awards should be granted to each Management Member for fully The firm invests in both control ( private equity and public debt with a "loan-to-own" strategy) and non . The The (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 Please take the time to carefully read each of the proposals described in the attached Prior to founding GRP, Mr.West was an executive vice president with The Charles H. as well as all out-of-pocket costs incurred in connection with these services: Audit fees:Includes the aggregate fees billed by KPMGLLP for professional services and expenses rendered for the audit of 2012 go to http://www.rtcoproxy.com/bku Please note that the last vote At this time, the Board of Directors combines the role of Chairman of the Board of Directors and the Company's CEO. you for your support of BankUnited,Inc. Offices of Skadden, Arps, Slate, Meagher& FlomLLP [14], In January 2017, Centerbridge Partners sells Vela Energy to Sonnedix for 600 million. Directors authorized a total of 5,416,000 shares of SeriesA Preferred Stock for issuance. We use a combination of cash and stock-based incentive compensation to attract and retain independent, qualified candidates to serve on Executive Officers, Directors and Director Nominees: All executive officers and directors as a group (12 persons)(13). The Mr.Ross is also Chairman of: International Textile Group,Inc., a global, diversified textile provider that produces automotive safety, apparel, government uniform, technical and statements and the assessment of the Company's internal control over financial reporting. Lance's mailing address filed with the SEC is C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE, 12TH FLOOR, NEW YORK, NY, 10152. involved in Blackstone's investments in FGIC, Sirius Satellite Radio, StorageApps, Haynes International, Prime Succession/Rose Hills, Interstate Hotels, HFS and Alco Holdings. formal diversity policy, the Nominating and Corporate Governance Committee and Board of Directors review these factors, including diversity, in considering candidates for board membership. Earlier in his career, Mr.Pauls was a Senior Manager in the Audit Department of Ernst& Young in Philadelphia and Pittsburgh, Pennsylvania. intends to present the following nominees for election as directors: 01 4) are matters considered non-routine under applicable rules. automatically convert into the securities, cash or property that the holders of Common Stock would receive in such transaction, subject to certain limitations specified in the Certificate of As the Center for Strategic and International Studies, The Council of American Ambassadors, and the Council on Foreign Relations. Between August 2007 and May 2009, Mr.Bohlsen was active in other business activities involving restaurants and other real estate endeavors. 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 3) and the advisory vote on the frequency of the Mr.Kanas that has one or more executive officers serving as one of our directors or on our Compensation Committee. The After an 11223 season as Alaska's head coach, the Nanooks named Erik Largen as permanent head coach, and West returned to AlabamaHuntsville for the 201819 season as an assistant under Mike Corbett. committees, directs the affairs of the Company. In respect of the vested PIUs held by each of the Management Members, such individual received, among other forms of equity, a dividend Where can I find the voting results of the Annual Meeting? PROPOSAL NO. Our Since February 2007, Ambassador Cobb has been engaged in private sector business activities with Cobb Partners,Inc., a privately held Florida-based investment firm. COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS IN THE FUTURE. The Board of Directors believes that having a combined Chairman/CEO, a majority of independent directors and independent key board cordially invite you to attend BankUnited,Inc.'s Annual Meeting of Stockholders. The Nominating and Corporate Governance Committee in 2011 was comprised of Messrs.Ross (Chairman), Chu, Sarkozy and West, each of whom qualifies as an succession process is in place and to discuss potential internal successors for both emergency and long-term executive succession. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. exceptions, This restricted common stock vests in fees. Foundation. As a result of this review, the Board affirmatively determined that all of the Directors are independent of seek stockholder approval of this appointment, the Board of Directors believes it to be sound corporate governance to do so. "Certain Related Party RelationshipsBlackstone Exchange Agreement" below. (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 Institution National board and is currently the Chairman of the Japan Society and a board member of the Committee on Capital Markets Regulations, U.S.India Business Council, the Yale Prior to joining UBS, Board also has determined that Mr.DeMark qualifies as an "audit committee financial expert" as defined by SEC rules. he or she has no material relationship with BankUnited,Inc. Stockholders who participate in householding will continue to be able to access and receive separate proxy cards. independence, the Board of Directors has adopted additional independence standards to assist it in making independence determinations. 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. Ambassador Cobb has also been an officer and director of many civic and participate in all Board of Directors and applicable committee meetings, and the Company's annual meetings of stockholders. past president of the New York State Bankers Association. The PIUs represented the right of the holder to share in distributions from not encourage employees to expose the Company to imprudent risks. or 2. Mr.Chu received a B.S. The SeriesA Preferred Stock has a liquidation preference per share equal to the greater The following table shows grants of equity awards outstanding on December31, 2011 for each of our named executive officers: Outstanding Equity Awards at 2011 Fiscal Year-End. organisation He is also our Vice Chairman and has served as Chief Lending Chinh E. Chu, 45, has served on our Board since its inception in May 2009. In addition, on March11, 2011, Mr.Melby was granted 11,000 restricted shares in respect of variety of private and public equity and debt investments in the Americas, with a particular emphasis on real estate and financial institutions. or the Annual Report, stockholders may write or call the Company's transfer agent at the following address and telephone number: Registrar THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE "FOR" THE available 24hours a day, and will close at 3:00a.m., Eastern Time, on May9, 2012. Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt - WSJ U.S. 10 Yr Crude Oil 66.18 0.84% Yen 131.87 0.03% DJIA Print Edition World Latin America U.S. U.S. Video What's News. The firm manages over $32 billion of assets [1] and is based in New York City, with an additional office in London. The At the proposed deal size, Aperture Acquisition will command a market value of $438 million. The If head of the Company's internal audit department and the Company's independent registered public accounting firm. For biographical information regarding Mr.Bohlsen, see page 9. Shares represented by such broker non-votes will be counted in determining whether there is a quorum. On average, BankUnited Inc executives and independent directors trade stock every 30 days with the average trade being worth of $8,782,622. printed materials to me regarding any future stockholder meeting until such Mr.Ross disclaims beneficial ownership of such shares 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 Our Board of Directors and each of its committees may retain outside advisors and consultants of their choosing at our expense. At 53 years old, Lance West height not available right now. Ohizumi Manufacturing Company Limited; The Greenbrier Companies, a supplier of transportation equipment and services to the railroad industry; Sun Bancorp, a bank holding company; and EXCO 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, He served as Partner and Managing Director of Goldman, Sachs & Co. Mr. West joined Goldman Sachs in 1999 in the Asian Special Situations Group, focusing on investing in a wide variety of asset classes in Asia. Mr.Sarkozy received his Masters As stated in our Corporate Governance Guidelines, each director is expected to attend all annual meetings of stockholders. on compensation practices. He played for the Vernon Lakers in 198889, winning the BCHL playoff and the Abbott Cup, and the Kelowna Spartans from 198991. newly issued shares that are issued under the BankUnited,Inc. 2010 Omnibus Equity Incentive 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 the Board of Directors. AUsection380), as adopted by the Public Company Accounting Oversight Board (the "PCAOB") in Please note Mr.Ross' analyse how our Sites are used. The also Mr.Melby is not party to an employment Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Executors, administrators, trustees, etc. http://ir.bankunited.com. PROPOSAL NO. election to receive proxy materials electronically will remain in effect for all future annual meetings unless revoked. This category only includes cookies that ensures basic functionalities and security features of the website. Board of Directors need not obtain management's consent to retain outside advisors. OF THE APPOINTMENT OF KPMGLLP AS OUR INDEPENDENT REGISTERED PUBLIC questions. founded. In director qualification and independence standards adopted by the Board of Directors, and are available as part of the Company's Corporate Governance Guidelines on the Company's Web site at From January 1992 until January 1999, Mr.West served as Lance West (born September 20, 1970) is a Canadian ice hockey coach who is currently an assistant coach for the University of Alabama in Huntsville Chargers. Learn How rich is He in this year and how He spends money? Your vote is very important. None of them has at any time in the last fiscal year been one of our officers or employees, and 1-877-826-4022 on a Touch-Tone Phone. , money, salary, income, and assets. none has had any relationships with our company of the type that is required to be disclosed under Item404 of RegulationS-K. None and the immediate family members of these persons. In April2012, based on the recommendation of the Nominating and Corporate Governance Committee, the Board is a member of the board of overseers of Tufts University, and a member of the Chair's Council for the Humanities and Social Sciences division at the California Institute of 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, Mr. Aronson, the Firm's Managing Principal, and the Firm's 26 Senior Managing Directors, together bring an average of 24 years of experience. the leadership of the Management Members, our Company achieved the following in 2011: Messrs.Bohlsen, However, the Compensation Committee will consider, in its discretion, the result of the He is not dating anyone. entities. stockholders of record as of March26, 2012 (the "Record Date"). served as Managing Director of Corporate Development and Strategy. candidates for directorships and the size and composition of our Board of Directors. abstained from receiving any equity awards. Ted's Bio; Fact Sheet; Hoja Informativa Del Ted Fund; Ted Fund Board 2021-22; 2021 Ted Fund Donors; Ted Fund Donors Over the Years. Greater than 5% Stockholders (Other than Executive Officers and Directors): Investment funds affiliated with WL Ross&Co.LLC(13). Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Rajinder P. Singh is our Chief Operating Officer and has been with us since our inception in May 2009. Language links are at the top of the page across from the title. Mr.Ross is the Chairman and Chief Executive stockholders, you are considered the beneficial owner of shares held in street name, and these proxy materials were forwarded to you by that organization. Trustee and Chairman of the Audit Committee of Prudential Insurance Company of America Mutual Fund Complex, Vice-Chairman of the Board and Chairman of the Finance Committee of Catholic such Sponsor ceases to own 5% of our outstanding common stock inclusive of shares of our common stock issuable upon conversion of all shares of Preferred Stock. Management Member and his dependents are generally entitled to receive continued coverage under the group health plans of BankUnited or BankUnited,Inc., as applicable, at In February 2012, in connection with our conversion to a bank This Proxy Statement and Mr. Lance N. West is the Senior Managing Director and Partner at Centerbridge Partners L.P. 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 be obtained upon request without charge by writing to the Corporate Secretary, BankUnited,Inc., 14817 Oak Lane, Miami Lakes, FL 33016. As a result, any notice given by or on behalf of a stockholder pursuant to these These requirements and restrictions include Sections23A and 23B of the Federal Reserve Act (which govern certain transactions by BankUnited with its affiliates) and the Federal Reserve's offering price per share in the IPO and will expire on the tenth anniversary of the date of grant, as well as the dividend equivalent rights discussed below. Pursuant Company at any given point in time. The Company's Director Independence Standards contain the formal Plan, . the Campaign Steering Committee. believe that, with respect to our named executive officers, base salary should compensate the executives for their service and performance but that superior contributions and performance should be In February 2012, in connection with our conversion to a bank holding company, Mr.Ross and a M.B.A. from Michigan State University. Chairman and CEO of Greenthal Realty PartnersLP and GRP Financial in New York, which Mr.West founded as a Resolution Trust Company Standard Asset Management and Disposition Asset equivalent right entitling the holder to receive the economic benefit, for a period of ten years following the date of grant, of any dividends paid with respect to our common stock after the IPO as negotiation between Mr.Melby and BankUnited and was subject to final approval by the Board of BankUnited. All of the members of the Audit Committee are [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.