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0000798941falseFirst Citizens BancShares Inc /DE/00007989412024-05-012024-05-010000798941us-gaap:CommonClassAMember2024-05-012024-05-010000798941us-gaap:SeriesAPreferredStockMember2024-05-012024-05-010000798941us-gaap:SeriesCPreferredStockMember2024-05-012024-05-01

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 1, 2024
_________________________________________________________________
First Citizens BancShares, Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-16715 56-1528994
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer Identification No.)
4300 Six Forks Road Raleigh North Carolina 27609
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (919) 716-7000
________________________________________________________________________________
(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 Securities Exchange Act of 1934:
Title of each class Trading Symbol Name of each exchange on which registered
Class A Common Stock, Par Value $1 FCNCA Nasdaq Global Select Market
Depositary Shares, Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A FCNCP Nasdaq Global Select Market
5.625% Non-Cumulative Perpetual Preferred Stock, Series C
FCNCO 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.

The 2024 Annual Stockholder’s Meeting (the “Annual Meeting”) of First Citizens BancShares, Inc. (the “Company”) was held on May 1, 2024. At the meeting, the Company's stockholders voted on the following proposals, each of which is described in more detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 15, 2024:

•the election of 13 directors for terms of one year each;
•a non-binding, advisory “say-on-pay” resolution to approve compensation paid or provided to the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting;
•a proposal to ratify the appointment of KPMG LLP as the Company's independent public accountants for 2024; and
•a stockholder proposal requesting a report on the risks of politicized de-banking.

The following tables reflect the final results of the voting at the Annual Meeting. Stockholders elected the 13 nominees for director and approved the “say-on-pay” resolution and the proposal to ratify the appointment of independent accountants. Stockholders did not approve the stockholder proposal requesting a report on the risks of politicized de-banking.

ELECTION OF DIRECTORS

Name of Nominee
Votes Cast
"For"
Votes
"Withheld"
Broker
Non-votes
Ellen R. Alemany 23,121,294 237,189 3,844,720
John M. Alexander, Jr. 23,055,174 303,309 3,844,720
Victor E. Bell III 20,425,940 2,932,543 3,844,720
Peter M. Bristow 23,127,026 231,457 3,844,720
Hope H. Bryant 23,120,440 238,043 3,844,720
Michael A. Carpenter 23,272,239 86,244 3,844,720
H. Lee Durham, Jr. 20,426,307 2,932,176 3,844,720
Dr. Eugene Flood, Jr. 23,292,332 66,151 3,844,720
Frank B. Holding, Jr. 22,943,671 414,812 3,844,720
Robert R. Hoppe 23,051,452 307,031 3,844,720
David G. Leitch 23,264,997 93,486 3,844,720
Robert E. Mason IV 20,471,003 2,887,480 3,844,720
Robert T. Newcomb 19,425,569 3,932,914 3,844,720

“SAY-ON-PAY” RESOLUTION
Description of
Matter Voted On
Votes Cast
"For"
Votes Cast
"Against"

Abstained
Broker
Non-votes
Proposal to approve a non-binding, advisory “say-on-pay” resolution to approve compensation paid or provided to the Company's named executive officers as disclosed in the proxy statement for the Annual Meeting 22,923,029 275,549 159,905 3,844,720

PROPOSAL TO RATIFY THE APPOINTMENT OF INDEPENDENT ACCOUNTANTS
Description of
Matter Voted On
Votes Cast
"For"
Votes Cast
"Against"
Abstained
Broker
Non-votes
Proposal to ratify the appointment of KPMG LLP as the Company's independent public accountants for 2024 27,167,433 32,890 2,880 0




STOCKHOLDER PROPOSAL REQUESTING A REPORT
ON THE RISKS OF POLITICIZED DE-BANKING
Description of
Matter Voted On
Votes Cast
"For"
Votes Cast
"Against"
Abstained
Broker
Non-votes
Stockholder proposal requesting a report on the risks of politicized de-banking 552,843 22,687,494 118,146 3,844,720 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit accompanies this Report:
Exhibit No.
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.

First Citizens BancShares, Inc.
(Registrant)
Date:
May 6, 2024
By: /s/ Craig L. Nix
Name: Craig L. Nix
Title: Chief Financial Officer