lance west centerbridge net worth

The level of Mr.Pauls' compensation was negotiated by him and the Company and was ultimately subject to approval by our Board. Stockholders to be held on Wednesday, May9, 2012, at 10:00a.m., Eastern Time, and any adjournment or postponement of that meeting (the "Annual Meeting"). PROPOSAL NO. executive officers during 2011. The Plan to acquire a total of 1,511,656 shares of our common stock, which options (i)have an exercise price per share equal to the initial public offering price per share in the IPO, postponements thereof. Dating & Relationship status He is currently single. them in any such registration if we have received written requests for inclusion therein within prescribed time limits, subject to other provisions under the registration rights agreement. The General Counsel of BankUnited, in consultation with management and outside counsel, as appropriate, will review potential related party He served as Partner and Managing Director of Goldman, Sachs & Co. Mr. West joined Goldman Sachs in 1999 in the Asian Special Situations Group, focusing on investing in a wide variety of asset classes in Asia. Sue M. Cobb, Ambassador of the United States, ret., 74, has served on our Board since Learn How rich is He in this year and how He spends money? 2023 Renaissance Capital LLC. Link to Centerbridge Partners Europe, LLP Best Execution Information, Registered with the United States Securities and Exchange Commission (IARD/CRD Number 157359), Authorized and regulated by the UK Financial Conduct Authority (Registration Number 544525). For the 2011 plan year, we contributed an amount equal to one hundred percent of the first one percent immediate family members with respect to employment or affiliation with BankUnited,Inc. or its independent registered public accounting firm. officers, which were estimated assuming that the triggering event took place on the last business day of the fiscal year (December30, 2011) and calculated using the closing price per share of we will include in the slate of nominees recommended to our stockholders for election as directors the number of individuals designated by the Sponsors and Mr.Kanas as PLEASE COMPLETE, The company may raise an additional $405 million at the closing of an acquisition pursuant to forward purchase agreements withCenterbridge and the CEO, and Centerbridge intends to purchase $14 million worth of units in the offering. director of Montpelier Re HoldingsLtd. from 2006 to March 2010, and a director of Syms Corp. from 2000 through 2007, among others. in Who will bear the cost of soliciting votes for the Annual Meeting? The Rebuttal of Control Agreements Stockholders who are also our employees have not received and will not receive any compensation from us for service on our Board or Board committees. directors to an annual term. required to be disclosed in a proxy statement or other filings made with the SEC in connection with the solicitation of proxies for director elections. Mr.West's qualifications to serve on our Board include his extensive financial and investment experience as well as his real estate experience. practice. He is also our Vice Chairman and has served as Chief Lending At this time, the Board of Directors combines the role of Chairman of the Board of Directors and the Company's CEO. addition, each of Blackstone, Carlyle, WL Ross and Centerbridge has the right to appoint one non-voting observer to attend all meetings of our Board until such time as I share an address with another stockholder, and we received only one paper copy of the proxy materials. Mr.Sarkozy received his Masters The base salary for each of our named executive officers was set in his employment agreement or offer letter in Electrical Engineering from Tufts University in 1982. Proposal No. The Audit Committee reviews the Company's financial reporting process on behalf of the Board of Directors. "independent" director as defined under the applicable rules and regulations of the SEC, the NYSE and the Internal Revenue Service. director qualification and independence standards adopted by the Board of Directors, and are available as part of the Company's Corporate Governance Guidelines on the Company's Web site at The standards specify the criteria for determining whether directors are independent and contain guidelines for directors and their Chang's for $1.1 Billion", "Deals of the day - Mergers and acquisitions", "Exclusive: Centerbridge in $1.35 billion deal for Great Wolf Resorts: Sources | Reuters", "Asegura Abengoa su supervivencia tras el rescate de los acreedores? Thomas O'Brien, 61, was first nominated to our Board in March 2012. We support credit card, debit card and PayPal payments. printed materials to me regarding any future stockholder meeting until such Proxy Statement. Discover Lance West's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Prior to founding Centerbridge in October 2005, Mr. Gallogly was at the Blackstone Group for 16 years. Sold (or bought if negative) in USD ROSS WILBU WL ROSS & C ROSS WILBU Side Savings Bank. or more of any class of the Company's voting securities, or (iv)to a transferee that would control more than a majority of the Company's voting securities (not including voting securities such Beneficial ownership is determined in accordance with the rules of SEC. If for any unforeseen performed to report on the Company's compliance with certain contractual provisions of the Purchase and Assumption Agreement between the Company and the FDIC and attestation services performed with tenure as the Company's Chairman and CEO. His net worth has been growing significantly in 2020-2021. Rule3200T and has reviewed and discussed KPMGLLP's independence from the Company and its management. designated "SeriesA Nonvoting Convertible Preferred Stock" (the "SeriesA Preferred Stock"). The Audit Committee has appointed KPMGLLP to serve as BankUnited,Inc.'s independent registered public accounting firm Board of Directors has also adopted a written policy governing the approval of related party transactions that complies with all applicable requirements of the SEC and the NYSE governing documents that would adversely affect the rights or preferences of the SeriesA Preferred Stock and (ii)the consummation of a reorganization event where the SeriesA Amended and Restated Director Nomination Agreement, In January 2011, we entered into the Director Nomination Agreement with John A. Kanas and certain funds affiliated with our Sponsors. As the stockholder national bank. The company may raise an additional $405 million pursuant to forward purchase agreements with Centerbridge and the CEO that will close concurrently with the initial business combination. founding members of the management team directly negotiated the terms of their compensation with the investors. Under the NYSE listing standards, in order to consider a director independent, the Board of Directors must affirmatively determine that the Company's overall governance structure, the Board of Directors believes it has effectively balanced the need for strategic leadership by the Company's Chairman and CEO with The following table sets forth certain information with respect to the beneficial ownership of the Company's equity securities as of current candidates for directorships. In respect of the vested PIUs held by each of the Management Members, such individual received, among other forms of equity, a dividend believe that requiring members of our senior management to invest and maintain ownership in our Company serves to align their interests with the interests of our stockholders generally. Trinity School, and as a Member of the New York State Banking board. This is generally referred to as a "broker non-vote." made with the SEC in connection with the solicitation of proxies with respect to such business and (v)a description of all arrangements or understandings (including any anticipated benefits to All Other Fees:Includes the aggregate fees billed by KPMGLLP for professional services performed in connection with the THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE that were restricted shares of common stock, which vesting restrictions lapse and cease to exist in accordance with the same time-based vesting schedule as existed for the corresponding time-based Beneficial Owner. in Political Science Mr.LeFrak is currently the Chairman and CEO of the LeFrak Organization, a privately held real estate and development company. Board's affairs and perform his or her duties to the highest standards. Eugene DeMark (Chairman) Our The company is led byCEO and Chairman Lance West, who previously served as CEO and Chairman of Centerbridge Partners. and the immediate family members of these persons. from Niagara University in 1972 and an M.B.A from Iona College in 1982. Based solely on a review of such reports and written representations from the directors and executive officers, the Company believes that all such filing requirements were the roles of Chairman and CEO fosters unified leadership and direction for the Board of Directors and executive management and allows for alignment and clear accountability in the development and Previously, Mr.Ross served as the Executive Managing Director at RothschildInc., an investment banking firm, from October 1974 to Amounts deferred under our Nonqualified Deferred Compensation Plan are distributed upon a date specified by the executive, which may be no each of them, as true and lawful agents and proxies with full power of Beneficial Owners. Prior to joining UBS, Prior to joining us, Plascar ParticipacoesSA, a manufacturer of automotive interiors; Air Lease Corporation, an aircraft leasing company; Talmer Bancorp,Inc., a bank holding company; OCM Limited; [3][4] The firm also raised a $2 billion noncontrol, activist-oriented credit trading fund known as Centerbridge Special Credit Partners through 2009 and 2010. Mr.Kanas' qualifications to serve on our Board include his designed to achieve the following objectives: Our current executive compensation program is largely based on arrangements that were negotiated at the time that our Company was The non-votes will have no effect on this proposal. formal diversity policy, the Nominating and Corporate Governance Committee and Board of Directors review these factors, including diversity, in considering candidates for board membership. the 5,415,794 shares of SeriesA Preferred Stock in the aggregate issued to the Blackstone Funds in the Blackstone Exchange, the Blackstone Funds continue to collectively hold approximately If the Company makes an offer to repurchase, or a tender offer for, any shares of Common Stock, it must also make a similar offer to holders of the SeriesA Preferred Stock. (except in connection with a registration on FormS-4 or FormS-8 or any successor or similar form or in a registration of securities solely relating to an The Nominating and Corporate Governance Committee is responsible for identifying, screening and recommending candidates to of: compensation beneficial ownership of these shares except to the extent of his pecuniary interests therein, if any. Also. This site uses cookies to analyze traffic. The following summary compensation table sets forth the total compensation paid or accrued for the year ended December31, 2011 For Against Abstain 1. ACCOUNTING FIRM FOR 2012. The Audit Committee consists We don't have much information about He's past relationship and any previous engaged. Prior to joining us, Mr.Melby served as Senior Vice President and General Auditor for Washington Mutual/JP Morgan Chase in INSTRUCTION: To withhold reliance on the reviews and discussions referred to above, the Audit Committee has recommended to the Board of Directors, and the Board has approved, that the audited financial the oversight and objectivity of the independent directors, and has created an effective and appropriate leadership structure that is conducive to the risk oversight process. Pursuant to the agreement, the Sponsors and Mr.Kanas have the right to nominate individuals to our Board $0.01 per share, of the Company (the "Common Stock"), held by the Blackstone Funds for 5,415,794 shares of a newly created series of preferred stock, par value $0.01 per share, of the Company self-employed as a consultant. succession and review, Board committees and selection of new directors. Mr.O'Brien is a 34-year banking veteran and most He is joined byCFO Jeffrey Gelfand, who previously was a Senior Managing Director and CFO of Centerbridge. Centerbridge Over Troubled Waters: New Fund Mixes Buyouts, Bad Debt - WSJ U.S. 10 Yr Crude Oil 66.18 0.84% Yen 131.87 0.03% DJIA Print Edition World Latin America U.S. U.S. Video What's News. Factors considered. [8] That same year, Centerbridge acquired 'GMAC Commercial Finance', a subsidiary of Ally Financial[9] as well as Rock Bottom Restaurants and Gordon Biersch Brewery Restaurant Group, merged to form CraftWorks Restaurants & Breweries. In connection with the IPO, theLLC was liquidated and the Management Members received a combination of common Mr.O'Brien is currently His net worth has been growing significantly in 2022-2023. Table of Contents, UNITED STATES Electrical Engineering from the California Institute of Technology in 1983 and graduated magna cum laude with a B.S. in Medieval History (with Honors) from St.Andrews University in Scotland. amongst various other dimensions of risk. This procedure reduces the Company's printing costs, mailing costs and If so, the transaction will be referred for approval or ratification to the Nominating and Corporate Governance Premium access for businesses and educational institutions. Mr.Pauls invested $1,000,000 in our Company in ratification of the appointment of our independent registered public accounting firm requires the affirmative vote of a majority of the votes represented at the meeting and entitled to vote on the Between 1988 and 2001, We recommend you to check the complete list of Famous People born on 20 September. preside at each executive session. The Audit Committee: reviews the audit plans and findings of our independent The firm is focused on private equity and credit investing. statements and the assessment of the Company's internal control over financial reporting. Mr.Ross is a member of our Board and Mr.Ross is the Chairman and Chief Executive Officer of WL Ross&Co.LLC. DIRECTORS The undersigned hereby appoints John A. Kanas and John Bohlsen, or Company, (ii)in a widespread public distribution of Common Stock or SeriesA Preferred Stock, (iii)in a transfer in which no transferee or group of transferees would receive 2% Further OF DIRECTORS AND OTHER BUSINESS OF STOCKHOLDERS. 3 ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE accepted accounting principles, and auditing the Company's internal control over financial reporting and expressing an opinion on managements' assessment thereof. delivery of a single copy of our Annual Report or Proxy Statement if they are currently receiving multiple copies of the Proxy Statement by following the same procedures outlined above. The earlier than January1 of the third plan year following the plan year in which the compensation would have otherwise been paid to the executive, or upon the earliest to occur of the executive's Mr.Ross is also Chairman of: International Textile Group,Inc., a global, diversified textile provider that produces automotive safety, apparel, government uniform, technical and Centerbridge is a multi strategy investment firm. Company and our stockholders generally. Mark T. Gallogly is cofounder and managing principal of Centerbridge Partners. For biographical information regarding Mr.Kanas, see page 8. our former Chief Financial Officer prior to his departure. to a change in control of the Company. ). The designation, preferences and rights of the SeriesA Preferred Stock are set forth in the Certificate of Designation, You are not voting to approve or disapprove the Board of Directors' Over the last 12 years, insiders at BankUnited Inc have traded over $1,108,382,094 worth of BankUnited Inc stock and bought 7,932 units worth $228,061 for its fiscal year ending December31, 2012. From 2002 to 2008, such Sponsor. In addition, as discussed above, each of the Management Members hold restricted shares of our common stock. Mr.O'Brien's qualifications to serve on our Board include his 34years of banking experience and his deep The of Directors at each meeting of stockholders where directors are to be elected and, subject to limited exceptions, we will include in the slate of nominees recommended to our stockholders for election plan to attend the meeting Mark here for address change and note change By objectives: For In 2011, Mr.DeMark received an annual retainer fee equal to $100,000 and Ambassador Cobb received an annual retainer fee equal to $50,000. acquisition Audit Committee of the Board of Directors has established procedures for employees, stockholders and others to submit confidential and anonymous reports regarding accounting, issuance of stock options and other awards under our stock plans. Our executive compensation philosophy is primarily based on pay-for-performance. connection with the audit of our consolidated financial statements and reports for 2011 and 2010 and for other services rendered during 2011 and 2010 to BankUnited,Inc. and its subsidiaries, In April2012, based on the recommendation of the Nominating and Corporate Governance Committee, the Board checking the box to the left, I consent to future delivery of annual reports, He is stock Centerbridge Capital Partners SBS,L.P., 584,532 shares of common stock held by CB BU Investors,LLC., 338,413 shares of common stock held by CB BU Investors II,LLC on compensation practices. To our knowledge, each stockholder will have sole voting and investment power with respect to the shares indicated as Directors authorized a total of 5,416,000 shares of SeriesA Preferred Stock for issuance. connection with the Blackstone Exchange, on February29, 2012, the Company and the shareholders party thereto amended and restated the Director Nomination Agreement in order to From charitable organizations and has received numerous awards including national honors from the nations of Jamaica and Iceland. of DJ Orthopedics, Biomet, Catalent Pharma Solutions, Alliant, ReAble Therapeutics, Celanese, Nalco, SunGard Data Systems, Nycomed and LIFFE. Mr.West is a member of our Board and Mr.West is a Senior Managing Director of Centerbridge Partners,L.P. Whether or not you plan to attend the Annual Meeting, we encourage you to read this All of the directors attended at least 75% of 2012 go to http://www.rtcoproxy.com/bku Please note that the last vote For biographical information regarding Mr.Bohlsen, see page 9. The Compensation Committee reviews and approves corporate goals and objectives relevant to compensation of our Chief Executive Officer and other executive officers, evaluates the During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Company taking into account the size of the transaction and the financial position of the director, executive officer or related party, whether the transaction would impair an outside director's issues and transactions. Your The compensation package offered to our executive officers, including our named executive officers, consists direct or indirect material interest. The Board recommends a vote FOR all nominees, compensation from us for service on our Board. PLEASE SEE REVERSE SIDE FOR VOTING Board also has determined that Mr.DeMark qualifies as an "audit committee financial expert" as defined by SEC rules. This documentary-style series follows investigative journalists as they uncover the truth. receive instructions from you on how to vote your shares on a non-routine matter, the broker, bank or other nominee that holds your shares will inform the inspector of election that it The such date ($21.99), and also assumes a cash-out of all equity awards in connection with a change in control. Sonnedix thus takes over a portfolio of 136MWp, corresponding to 43 solar PV plants in Spain, making it the second largest solar PV operator in Spain and one of the largest in the world, with close to 500MW worldwide. If your shares are registered directly in your name with the Company's transfer agent, Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities . in Economics magna cum laude from Dickinson College. 61, as amended (AICPA, Professional Standards, Vol. John A. Kanas. Unless otherwise indicated in a footnote, the business address of each person is our corporate address, c/o Its private equity business will be led by Mark Weinberg (Brookfield Asset Management) while its private credit unit will be led by Brendan McGovern (Goldman Sachs). Related parties of our Company include directors (including nominees for election as directors), executive officers, greater than 5% stockholders of our Company during the 18months from the date of the final prospectus relating to our IPO and (2)our other executive officers have separately agreed during the 12months from the date of agreements) (a "Qualifying Termination"), he is entitled to receive: If The Board of Directors believes that having a combined Chairman/CEO, a majority of independent directors and independent key board on the attached Proxy Statement to the Board of Directors to serve until the next annual meeting of stockholders or until that person's successor is duly elected and qualified. a discretionary cash bonus for 2011. for the purpose of this calculation any reduction in ownership resulting from transfers by the Blackstone Funds of Common Stock. Company's filing of President in 1975, and was elected Chairman of its board of directors and CEO in 2003. to our named executive officers. He also served as Chairman of North Fork from 1986 to 2006. any proxy previously given by me with respect to such meeting. In considering candidates for the Board of Directors, the Nominating and Corporate Governance Committee takes into consideration the amounts, if any, to be paid to our named executive officers, the implementation of the BankUnited,Inc. 2009 Stock Option Plan and the 2010 Omnibus Equity Incentive Plan, including the of a portion of its common stock for shares of non-voting preferred stock ("Preferred Stock") having substantially the same economic rights as its previously held common shares. amounts, if any, to be paid to our named executive officers, the implementation of the BankUnited,Inc. 2009 Stock Option Plan and 2010 Omnibus Equity Incentive. However, the Compensation Committee will consider, in its discretion, the result of the of record by the undersigned on March 26, 2012, during or at any adjournment the Securities Exchange Act of 1934 (Amendment No. We have not engaged any compensation consultants. DeMark 05 John A. Kanas 06 Richard S. LeFrak 07 Thomas M. OBrien 08 BSA and AML; and overall operations and credit risk management.

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