Form 8-K

 

 

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): April 26, 2012

 

 

SVB Financial Group

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-15637   91-1962278

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

3003 Tasman Drive, Santa Clara, CA 95054-1191

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (408) 654-7400

 

 

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 (see General Instruction A.2. below):

 

¨ Written communications 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 240.142-12)

 

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

The 2012 Annual Meeting of Stockholders (the “Meeting”) of SVB Financial Group (the “Company”) was held on April 26, 2012. As of the applicable record date of February 28, 2012, there were 43,788,864 shares of the Company’s common stock outstanding and entitled to vote at the Meeting, of which a total of 41,215,972 shares of common stock, or 94.12 percent of the shares outstanding and entitled to vote, were represented at the Meeting in person or by proxy. At the Meeting, the stockholders: (i) elected all twelve of the Company’s directors for the ensuing year, (ii) approved the Company’s amended and restated 2006 Equity Incentive Plan, (iii) ratified the selection of KPMG LLP as the Company’s independent registered public accounting firm, and (iv) approved, on an advisory basis, the Company’s executive compensation (“Say on Pay”).

The voting results were as follows:

 

     FOR      AGAINST      WITHHELD/
ABSTAIN
     BROKER
NON-VOTES
 

Election of Directors:

           

Greg W. Becker

     36,405,827            1,947,660         2,862,485   

Eric A. Benhamou

     35,927,670            2,425,817         2,862,485   

David M. Clapper

     36,396,862            1,956,625         2,862,485   

Roger F. Dunbar

     36,396,844            1,956,643         2,862,485   

Joel P. Friedman

     36,396,268            1,957,219         2,862,485   

C. Richard Kramlich

     36,360,095            1,993,392         2,862,485   

Lata Krishnan

     36,403,551            1,949,936         2,862,485   

Jeffrey N. Maggioncalda

     38,181,851            171,636         2,862,485   

Kate D. Mitchell

    
36,155,550
  
       
2,197,937
  
    
2,862,485
  

John F. Robinson

     36,403,607            1,949,880         2,862,485   

Garen K. Staglin

     38,128,842            224,645         2,862,485   

Kyung H. Yoon

     36,148,728            2,204,759         2,862,485   

Approval of the Company’s amended and restated 2006 Equity Incentive Plan to reserve an additional 2,100,000 shares of common stock for issuance thereunder.

     30,588,421         7,527,361         237,705         2,862,485   

Ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for its fiscal year ending December 31, 2012.

     40,806,962         402,384         6,626         0   

Advisory Say on Pay vote.

     35,921,513         2,255,383         176,591         2,862,485   


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.

 

Date: April 30, 2012   SVB FINANCIAL GROUP
  By:  

/s/ GREG BECKER

  Name:   Greg Becker
  Title:   President and Chief Executive Officer