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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 16, 2024

 

 

STERLING BANCORP, INC.

(Exact name of registrant as specified in its charter)  

 

 

Michigan   001-38290   38-3163775
(State or other jurisdiction
of incorporation)		   (Commission
File No.)		   (IRS Employer
Identification No.)

 

One Towne Square, Suite 1900

Southfield, Michigan 48076

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (248) 355-2400 

 

 

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 SBT Nasdaq Capital 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.

 

(a) At the annual meeting of shareholders of Sterling Bancorp, Inc. (the “Company”) held on May 16, 2024, the shareholders (i) elected nine director nominees to the Company’s Board of Directors, each to hold office for a term expiring at the next annual meeting, (ii) approved the advisory, non-binding resolution approving the compensation for the Company’s named executive officers for 2023 and (iii) ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024.

 

The proposals are described in detail in the Company’s definitive proxy statement filed on April 4, 2024 with the Securities and Exchange Commission.

 

(b) The results of the voting are shown below.

 

Proposal 1—Election of Directors

 

DIRECTOR
NOMINEES		   VOTES FOR   WITHHELD   BROKER
NON-VOTES
Thomas M. O’Brien   31,002,671   42,698   10,920,844
Peggy Daitch   26,330,375   4,714,994   10,920,844
Tracey Dedrick   26,886,367   4,159,002   10,920,844
Michael Donahue   26,477,613   4,567,756   10,920,844
Steven E. Gallotta   30,988,735   56,634   10,920,844
Denny Kim   26,330,879   4,714,490   10,920,844
Christine Meredith   30,883,592   161,777   10,920,844
Eboh Okorie   30,825,643   219,726   10,920,844
Benjamin J. Wineman   25,888,237   5,157,132   10,920,844

 

Proposal 2—Advisory, Non-Binding Vote to Approve the Compensation of Named Executive Officers for 2023

 

VOTES FOR   AGAINST   ABSTAIN   BROKER
NON-VOTES
24,196,338   6,844,098   4,933   10,920,844

 

Proposal 3—Ratification of Independent Registered Public Accounting Firm for 2024(1)

 

VOTES FOR   VOTES AGAINST   ABSTAIN
39,550,198   2,408,638   7,377

 

(1) No broker non-votes were received for Proposal 3.

 

 

 

 

SIGNATURE

 

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.

 

  Sterling Bancorp, Inc.
   
  By: /s/ Karen Knott
    Karen Knott
    Chief Financial Officer

 

Date: May 17, 2024

 

 

 

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Entity Registrant Name STERLING BANCORP, INC.
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Entity Incorporation, State or Country Code MI
Entity Address, Address Line One One Towne Square
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