false 0001810546 0001810546 2024-02-28 2024-02-28

 

 

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): February 28, 2024

 

 

EASTERN BANKSHARES, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Massachusetts   001-39610   84-4199750
(State or Other Jurisdiction of
Incorporation or Organization)		  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

265 Franklin Street

Boston, MA

   02110
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (800) 327-8376

Not Applicable

(Former name or former address, if changed since last report)

 

 

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:

 

☐

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 240.14a-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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange

on which registered

Common Stock   EBC   Nasdaq Global Select Market

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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. ☐

 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

On February 28, 2024, Eastern Bankshares, Inc. (the “Company” or “Eastern”) held a special meeting of shareholders (the “Special Meeting”) to consider proposals related to the Company’s prospective acquisition of and merger (the “Merger”) with Cambridge Bancorp (“Cambridge”) pursuant to an Agreement and Plan of Merger by and among the Company, Citadel MS 2023, Inc., Eastern Bank, Cambridge, and Cambridge Trust Company, dated September 19, 2023.

At the Special Meeting, the Company’s shareholders (i) authorized the issuance of shares of Company common stock to Cambridge shareholders in connection with the Merger (the “Eastern Share Issuance Proposal”) and (ii) authorized the postponement or adjournment of the Special Meeting, if necessary, to permit further solicitation of proxies in favor of the Eastern Share Issuance Proposal or to ensure that supplemental or amended joint proxy/prospectus materials are timely provided to Company shareholders (the “Eastern Adjournment Proposal”). No adjournment was necessary in light of the approval of the Eastern Share Issuance Proposal.

The proposals are described in detail in the Joint Proxy Statement/Prospectus, which was filed with the U.S. Securities and Exchange Commission on January 16, 2024. The voting results for each proposal are set forth below. There were no recorded broker non-votes.

Proposal 1: Eastern Share Issuance Proposal

At the Special Meeting, shareholders authorized the issuance of shares of Company common stock to Cambridge shareholders by the vote set forth below:

 

Votes For

  

Votes Against

  

Abstentions

121,423,622   17,842,916   236,674

Proposal 2: Eastern Adjournment Proposal

At the Special Meeting, shareholders authorized the postponement or adjournment of the Special Meeting, if necessary, to permit further solicitation of proxies or to provide amended or supplemental materials, by the vote set forth below:

 

Votes For

  

Votes Against

  

Abstentions

120,432,353   18,885,880   184,979

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits

 

 Exhibit    

Description

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

    EASTERN BANKSHARES, INC.
DATE: February 28, 2024     By:  

 /s/ James B. Fitzgerald

       James B. Fitzgerald
       Chief Financial Officer
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Document and Entity Information
Feb. 28, 2024
Cover [Abstract]  
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Entity Central Index Key 0001810546
Document Type 8-K
Document Period End Date Feb. 28, 2024
Entity Registrant Name EASTERN BANKSHARES, INC.
Entity Incorporation State Country Code MA
Entity File Number 001-39610
Entity Tax Identification Number 84-4199750
Entity Address, Address Line One 265 Franklin Street
Entity Address, City or Town Boston
Entity Address, State or Province MA
Entity Address, Postal Zip Code 02110
City Area Code (800)
Local Phone Number 327-8376
Written Communications false
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Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock
Trading Symbol EBC
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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