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): July 2, 2013 (July 1, 2013)
BankUnited, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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001-35039 |
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27-0162450 |
(State of Incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
14817 Oak Lane
Miami Lakes, FL 33016
(Address of principal executive offices) (Zip Code)
(305) 569-2000
(Registrants telephone number, including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On July 1, 2013, John Bohlsen notified the Board of Directors (the Board) of BankUnited, Inc. (the Company) that he is resigning from the Board effective July 1, 2013. In addition, in accordance with the terms of his previously disclosed employment agreements which ended on July 1, 2013, Mr. Bohlsen is stepping down as Chief Lending Officer of the Company and Vice Chairman and Chief Lending Officer of BankUnited, N.A. effective July 1, 2013 and has agreed to continue to serve the Company as senior advisor to the Chairman of the Board. Mr. Bohlsens decision is for personal reasons and did not involve a disagreement with the Company on any matter relating to the Companys operations, policies or practices.
(d) On July 1, 2013, the Board approved Rajinder P. Singh as a director of the Company. Mr. Singh will fill the vacancy created by Mr. Bohlsens resignation as described herein. Mr. Singhs service is subject to any applicable regulatory consents or non-objection.
There is no arrangement or understanding between Mr. Singh and any other person pursuant to which Mr. Singh was selected as a director, and there are no related party transactions between the Company and Mr. Singh that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Singh will not serve on any Board committees.
A copy of the press release of the Company announcing the election of Mr. Singh as a director and Mr. Bohlsens resignation is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit |
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Description |
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99.1 |
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Press release dated July 2, 2013 |
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: July 2, 2013 |
BANKUNITED, INC. |
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/s/ LESLIE LUNAK |
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Name: Leslie Lunak |
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Title: Chief Financial Officer |
Exhibit 99.1
BANKUNITED APPROVES RAJINDER P. SINGH
TO ITS BOARD OF DIRECTORS
Rajinder P. Singh to replace founding board member John Bohlsen who is stepping down
Miami Lakes, Fla. July 2, 2013 BankUnited, Inc. (NYSE: BKU) announced today that John Bohlsen, who has served on the board since the companys inception in 2009, resigned as a director of the company effective July 1, 2013. Mr. Bohlsens decision is for personal reasons. I look forward to continuing my commitment to BankUnited in my new role within the company, said Mr. Bohlsen.
In addition, in accordance with the terms of his previously disclosed employment agreements which ended on July 1, 2013, Mr. Bohlsen is stepping down as Chief Lending Officer of BankUnited, Inc. and Vice Chairman and Chief Lending Officer of BankUnited, N.A. and will continue to serve the company on and after July 1, 2013 as senior advisor to the chairman of the board of directors.
BankUnited, Inc.s Chairman, President and CEO John A. Kanas said, We are truly appreciative of Johns valuable advice over the past four years. We will miss having his presence on our board, but are pleased that he has agreed to continue in a senior advisor capacity.
The Board has approved Rajinder P. Singh to be a director of the company to fill the vacancy created by Mr. Bohlsens resignation from the board. Mr. Singh is currently the Chief Operating Officer of BankUnited, Inc. and BankUnited, N.A.
About BankUnited
BankUnited, Inc. is a $12.7 billion asset bank holding company. Its subsidiary, BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida operated 97 branches in 15 Florida counties and 2 branches in the New York metropolitan area at March 31, 2013.
Contact:
Corporate Communications:
Mary Harris
305-817-8117
MHarris@BankUnited.com