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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): May 17, 2011
Flagstar Bancorp, Inc.
(Exact name of registrant as specified in its charter)
         
Michigan   1-16577   38-3150651
(State or other jurisdiction of   (Commission File   (I.R.S. Employer
incorporation)   Number)   Identification No.)
     
5151 Corporate Drive, Troy, Michigan   48098
(Address of principal executive offices)   (Zip Code)
(248) 312-2000
(Registrant’s telephone number, including area code)
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:
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))
 
 

 


 

Item 5.02 Departure of Directors or Principal Officer; Election of Directors; Appointment of Principal Officer; Compensatory Arrangements of Certain Officers
Amendment to the Company’s 2006 Equity Incentive Plan (the “2006 Plan”)
At the Annual Meeting of Stockholders on May 17, 2011 (the “Annual Meeting”), the stockholders of Flagstar Bancorp, Inc. (the “Company”) approved the following amendments to the 2006 Plan:
(i) increase the total number of shares of the Company’s common stock available for awards under the 2006 Plan by 15,000,000, from 7,726,828 shares to 22,726,828 shares; and
(ii) to increase the individual annual grant limit for options and stock appreciation rights to 5,000,000 shares from 500,000 shares and other awards to 5,000,000 shares from 1,000,000 shares, and to increase the maximum number of incentive stock options available for issuance to 1,500,000 shares from 97,950 shares.
The Board approved the amendments to the 2006 Plan on April 21, 2011, subject to stockholder approval.
A description of the 2006 Plan is set forth in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 25, 2011 in “ANNEX A — 2006 EQUITY INCENTIVE PLAN INFORMATION.” The description of the 2006 Plan is qualified in its entirety by reference to the full text of the 2006 Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting on May 17, 2011, a total of 532,557,661 shares of common stock was represented in person or by proxy, or 96.2% of the 553,772,453 shares of common stock outstanding on April 1, 2011, the record date. The results of the four proposals presented to the Company’s stockholders at the Annual Meeting were as follows:
(i) elected the nine director nominees;
                         
Name   For   Withheld   Broker Non-Vote
Joseph P. Campanelli
    452,441,477       11,672,897       68,443,287  
Walter Carter
    452,252,707       11,861,667       68,443,287  
James D. Coleman
    454,213,437       9,900,937       68,443,287  
Gregory Eng
    441,699,941       22,414,433       68,443,287  
Jay J. Hansen
    461,824,386       2,289,988       68,443,287  
David J. Matlin
    441,797,009       22,317,365       68,443,287  
James A. Ovenden
    461,798,206       2,316,168       68,443,287  
Mark Patterson
    452,248,855       11,865,519       68,443,287  
David L. Treadwell
    461,809,956       2,304,418       68,443,287  

 


 

(ii) increased the maximum number of shares available for awards, the individual award limits and the maximum number of incentive option shares available for issuance under the Company’s 2006 Equity Incentive Plan;
                                 
    For     Against     Abstain     Broker Non-Vote  
    453,977,183       9,863,054       274,136       68,443,288  
(iii) ratified the appointment of Baker Tilly Virchow Krause, LLP as the Company’s independent registered public accountants for the year ending December 31, 2011; and
                                 
    For     Against     Abstain     Broker Non-Vote  
    529,542,763       2,046,948       967,950        
(iv) considered and approved an advisory (non-binding) proposal relating to the executive pay-for-performance compensation employed by the Company.
                                 
    For     Against     Abstain     Broker Non-Vote  
    393,527,133       70,210,299       376,941       68,443,288  
Item 9.01 Financial Statements and Exhibits
     (c) The following exhibits are being furnished herewith:
     
Exhibit No.   Exhibit Description
 
   
10.1
  2006 Equity Incentive Plan, as amended.

 


 

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.
         
  FLAGSTAR BANCORP, INC.
 
 
Dated: May 18, 2011  By:   /s/ Paul D. Borja    
    Paul D. Borja   
    Executive Vice-President and Chief Financial Officer