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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 21, 2024

Valley National Bancorp
(Exact Name of Registrant as Specified in Charter)

New Jersey
1-11277
22-2477875
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
One Penn Plaza,
New York,
New York
10119
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including area code (973) 305-8800

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 240.14a-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 Symbols Name of exchange on which registered
Common Stock, no par value VLY The Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series A, no par value VLYPP The Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series B, no par value VLYPO The Nasdaq Stock Market LLC

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.

Valley National Bancorp (the “Company”) held its Annual Meeting of Shareholders on May 21, 2024 (the “Meeting”). On the record date of March 25, 2024, there were 508,893,059 shares of the Company’s common stock outstanding. A total of 458,491,701 shares were present or represented by proxy at the Meeting. The Company’s shareholders took the following actions:

Proposal #1 – Voted on the election of 14 persons, named in the Proxy Statement, to serve as directors of the Company for the ensuing year constituting the entire Board of Directors. The following is a list of directors elected at the Annual Meeting with the number of votes “For,” “Against,” “Abstain” and “Broker Non-Votes,” as well as the percentage of votes cast “For” each director nominee.

Name   For   % For   Against   Abstain   Broker Non-Votes
Andrew B. Abramson   390,638,597   97.86   8,518,230   865,075   58,469,799
Peter J. Baum   392,739,451   98.42   6,291,245   991,206   58,469,799
Eric P. Edelstein   392,249,627   98.29   6,790,344   981,931   58,469,799
Dafna Landau 392,057,518 98.24 6,991,065 973,319 58,469,799
Marc J. Lenner   386,016,542   96.74   12,977,487   1,027,873   58,469,799
Peter V. Maio   395,867,224   99.21   3,117,052   1,037,626   58,469,799
Avner Mendelson 393,190,892 98.52 5,892,173 938,837 58,469,799
Kathleen C. Perrott 396,119,239 99.23 3,048,901 853,762 58,469,799
Ira Robbins   388,458,209   97.29   10,808,926   754,767   58,469,799
Suresh L. Sani   390,885,235   97.94   8,185,485   951,182   58,469,799
Lisa J. Schultz   393,215,278   98.49   6,002,576   804,048   58,469,799
Jennifer W. Steans   395,178,982   98.99   4,021,045   821,875   58,469,799
Jeffrey S. Wilks   378,102,152   94.74   20,981,552   938,198   58,469,799
Dr. Sidney S. Williams, Jr. 394,492,799 98.84 4,618,098 911,005 58,469,799

Proposal #2 – Approved, on an advisory basis, the compensation of the Company’s named executive officers. The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:

Number of Votes
Percentage
For
389,483,087 97.66
Against
9,323,527 2.33
Abstained
1,215,288
Broker Non-Votes
58,469,799

Proposal #3 – Ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:

Number of Votes
Percentage
For
455,049,121 99.46
Against
2,451,277 0.53
Abstained
991,303
Broker Non-Votes
0




Proposal #4 – Voted on a shareholder proposal to provide shareholders with the right to ratify executive termination pay if properly presented at the Annual Meeting. The proposal was not approved. The number of shares voted “For” and “Against” this proposal, as well as the number of abstentions and broker non-votes, was as follows:


Number of Votes
Percentage
For
143,004,843 35.87
Against
255,601,877 64.12
Abstained
1,415,182
Broker Non-Votes
58,469,799









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.

Dated: May 21, 2024
VALLEY NATIONAL BANCORP
By:
/s/ Gary Michael
Gary Michael
Executive Vice President, General Counsel
and Corporate Secretary