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): September 16, 2013 (September 16, 2013)
BankUnited, Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-35039 |
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27-0162450 |
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(State of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
14817 Oak Lane
Miami Lakes, FL 33016
(Address of principal executive offices) (Zip Code)
(305) 569-2000
(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On September 16, 2013, the Board of Directors (the “Board”) of BankUnited, Inc. (the “Company”) unanimously elected Ms. Tere Blanca as member of the Board, effective September 16, 2013. Ms. Blanca was also appointed to serve on the Board’s Nominating and Corporate Governance Committee and the Board’s Compensation Committee. In addition, Ms. Blanca was elected to the board of directors of the Company’s subsidiary, BankUnited, N.A. Ms. Blanca is the founder, president and chief executive officer of Blanca Commercial Real Estate, Inc., a Miami-based commercial property real estate advisory services and brokerage firm.
There is no arrangement or understanding between Ms. Blanca and any other person pursuant to which Ms. Blanca was selected as a director, and there are no related party transactions between the Company and Ms. Blanca that would require disclosure under Item 404(a) of Regulation S-K.
In connection with her appointment as a director, Ms. Blanca entered into the Company’s standard form of indemnification agreement (the form of which is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 16, 2011 and is incorporated herein by reference). Additionally, in accordance with the Company’s compensation policies for non-employee directors, Ms. Blanca will receive an annual retainer fee of $100,000, which will be prorated for 2013. Starting in 2014, Ms. Blanca will be eligible to receive restricted common stock as determined by the Compensation Committee of the Board. The Company will reimburse expenses incurred by Ms. Blanca to attend Board and committee meetings, educational seminars and other expenses directly related to the Company’s business.
A copy of the press release of the Company announcing the election of Ms. Blanca as a director is filed as Exhibit 99.1 hereto and incorporated herein by reference.
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Item 9.01 |
Financial Statements and Exhibits. |
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(d) |
Exhibits. |
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Exhibit |
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Description |
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99.1 |
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Press release dated September 16, 2013 |
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.
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Dated: September 16, 2013 |
BANKUNITED, INC. |
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/s/ LESLIE LUNAK |
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Name: Leslie Lunak |
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Title: Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Corporate Contact: Mary Harris
(305) 978-4024
MHarris@BankUnited.com
BankUnited Elects Tere Blanca to Its Board of Directors
Miami Lakes, Fla. (September 16, 2013) — BankUnited, Inc., (NYSE: BKU) today announced that Tere Blanca has been elected to its board of directors.
Ms. Blanca is the founder, president and chief executive officer of Blanca Commercial Real Estate, Inc., a leading Miami-based commercial property real estate advisory services and brokerage firm.
“BankUnited is fortunate to welcome Ms. Blanca to our board of directors,” said John A. Kanas, Chairman, President and CEO. “Her vast knowledge of the commercial real estate industry and her exemplary leadership within the business community will make a noteworthy contribution to our board.”
Ms. Blanca has more than 25 years of experience in the South Florida real estate sector. Prior to launching Blanca Commercial Real Estate, she served as senior managing director for Cushman & Wakefield of Florida, Inc., where she led the firm’s South Florida operations.
Ms. Blanca is a past chair of The Beacon Council, chair of the board of directors of City Year Miami, a member of the University of Miami’s President’s Council, School of Business Real Estate Advisory Board, and Alumni Association Board, a member of Strategic Forum and the World Presidents’ Organization Miami-Ft. Lauderdale Chapter, and an associate member of the Young Presidents’ Organization. She also is a member of Commercial Real Estate Women, a member of the National Association of Industrial and Office Properties South Florida Chapter, and a trustee member of the Greater Miami Chamber of Commerce.
She has earned several honors, including being named among the 2013 “Top 25 Women in Real Estate” by Commercial Property Executive, 2013 “Women of Influence: Legends” and 2010 “Women of Influence” by Real Estate Forum, 2010 “Top Dealmakers of the Year” by the Daily Business Review, 2009 “Most Influential Business Women” by the South Florida Business Journal, 2008 Camacol’s “Successful Hispanic Women of the Year” and 2007 “Ultimate CEOs” by the South Florida Business Journal.
Ms. Blanca earned a bachelor of business administration with a concentration in international marketing and finance and a master of business administration from the University of Miami. A resident of South Florida since 1979, she lives in Coral Gables.
BankUnited, Inc. is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with $13.1 billion of assets, 98 banking centers in 15 Florida counties and 4 banking centers in the New York metropolitan area at June 30, 2013.