UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): June 18, 2019
 

CUBIEDGARLOGOA29.JPG
(Exact name of registrant as specified in its charter)

 

Pennsylvania
001-35542
27-2290659
(State or other jurisdiction of
incorporation or organization)
(Commission File number)
(IRS Employer
Identification No.)
1015 Penn Avenue
Suite 103
Wyomissing PA 19610
(Address of principal executive offices, including zip code)
(610) 933-2000
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)
 
 
 

Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below):
o   
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company o
 





If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbols
 
Name of Each Exchange on which Registered
Voting Common Stock, par value $1.00 per share
 
CUBI
 
New York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series C, par value $1.00 per share
 
CUBI/PC
 
New York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series D, par value $1.00 per share
 
CUBI/PD
 
New York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series E, par value $1.00 per share
 
CUBI/PE
 
New York Stock Exchange
Fixed-to-Floating Rate Non-Cumulative Perpetual
Preferred Stock, Series F, par value $1.00 per share
 
CUBI/PF
 
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

The Board of Directors of Customers Bancorp, Inc. (the “Company”) approved the adoption of an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws Amendment”), which became effective as of June 18, 2019. The Bylaws Amendment amends Article Three, Section 3.05(a) of the Amended and Restated Bylaws to provide that the vote required in the election of directors will be governed by the provisions of Article Eighteenth of the Company’s Amended and Restated Articles of Incorporation. The Bylaws Amendment was necessary to conform the voting provisions of the Amended and Restated Bylaws to the Amended and Restated Articles of Incorporation, which were amended upon the adoption by the Company’s shareholders at the 2019 Annual Meeting of Shareholders of a proposal to provide for a majority voting standard in uncontested elections of directors.

The Bylaws Amendment is attached to this Current Report on Form 8-K as Exhibit 3.1 and is incorporated herein by reference.
Item 9.01         Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
 
Description
 
SIGNATURE

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.


 
CUSTOMERS BANCORP, INC.
 
 
 
By: /s/ Carla A. Leibold
 
Name: Carla A. Leibold
 
Title: Executive Vice President - Chief Financial Officer and Treasurer

Date: June 19, 2019




ARTICLE THREE, Section 3.05(a) of the Amended and Restated Bylaws is amended (with the language identified by underlining below) and restated as follows:

“3.05. (a) Quorum of and Action by Shareholders. The presence, in person or by proxy, of shareholders entitled to cast at least a majority of the votes which all of shareholders are entitled to cast on a particular matter to be acted upon at a meeting (after giving effect to Article FIFTEENTH or any successor “excess shares” provision, in the Articles of Incorporation of the Corporation), shall constitute a quorum for the purpose of consideration and action on the matter. If a proxy casts a vote on behalf of a shareholder on any issue other than a procedural motion considered at a meeting of shareholders, the shareholder shall be deemed to be present during the entire meeting for purposes of determining whether a quorum is present for consideration of any other issue. If a quorum is present, except in the election of Directors, the affirmative vote of a majority of all votes cast at the meeting shall be the act of the shareholders, unless the vote of a greater or lesser number or the voting by classes is required by these Bylaws, the Articles of Incorporation of the Corporation, the Pennsylvania Business Corporation Law of 1988, as amended (“BCL”) or other applicable law. With respect to the election of Directors, if a quorum is present, the vote required for a nominee to be elected as a Director shall be as provided in Article EIGHTEENTH of the Articles of Incorporation .”