Item 2.02. Results of Operations and Financial Condition.
(a)OnApril 20, 2023 ,Texas Capital Bancshares, Inc. (the "Company") issued a press release and made available presentation slides regarding its operating and financial results for its fiscal quarter endedMarch 31, 2023 . A copy of the press release is attached hereto as Exhibit 99.1. A copy of the presentation is attached hereto as Exhibit 99.2. The information in Item 2.02 of this report (including Exhibits 99.1 and 99.2) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such a filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported in the Company's proxy statement for the 2023 Annual Meeting of Stockholders as filed with theU.S. Securities and Exchange Commission ("SEC") onMarch 9, 2023 ("2023 proxy statement"),Larry L. Helm retired from the Company's board of directors effectiveApril 18, 2023 pursuant to the Company's director retirement guidelines. EffectiveApril 18, 2023 , the Board of Directors appointedRobert W. Stallings as Chairman of the Board and also electedLaura L. Whitley as a new member of the Board.Ms. Whitley will serve as a member of the Board's Risk Committee. In connection with her election,Ms. Whitley was granted 1,631 restricted stock units under the Company's 2022 Long-Term Incentive Plan, which will vest on the first anniversary of the date of grant.Ms. Whitley will receive cash compensation commensurate with that received by the Company's other non-management directors, as described in the Company's 2023 proxy statement. The Company will enter into a standard director indemnity agreement withMs. Whitley , a form of which was filed with theSEC as Exhibit 10.14 to the Company's Annual Report on Form 10-K onFebruary 21, 2014 .
Biographical Information
Ms. Whitley , age 62, currently serves as Chief Financial Officer for Urban Strategies, asDallas -based non-profit organization that equips, resources and connects faith- and community-based organizations engaged in community transformation to help families reach their fullest potential. Previously,Ms. Whitley served Bank of America for nearly 35 years in a variety of increasingly responsible capacities, including building and leading its global commercial banking business as head of Middle Market Banking, Business Banking, Credit andTreasury Management Services and Bank of America Business Capital . She also led Bank of America's Private Bank and Consumer Banking Services business, and she was a member of the firm's Operating Committee. --------------------------------------------------------------------------------
Item 5.07. Submission of Matters to a Vote of Security Holders.
On
Proposal 1 - A Company proposal to elect eleven directors each to serve until the next annual meeting of stockholders or until their successors are elected and qualified: Number of Shares Nominee Voted For Votes Withheld Broker Non-Votes Paola M. Arbour 42,839,351 955,644 2,365,191 Jonathan E. Baliff 43,447,962 347,033 2,365,191 James H. Browning 42,188,410 1,606,585 2,365,191 Rob C. Holmes 43,068,230 726,765 2,365,191 David S. Huntley 42,355,453 1,433,201 2,371,532 Charles S. Hyle 43,453,447 341,548 2,365,191 Thomas E. Long 36,975,450 6,813,204 2,371,532 Elysia Holt Ragusa 37,040,341 6,748,313 2,371,532 Steven P. Rosenberg 41,749,511 2,039,143 2,371,532 Robert W. Stallings 41,229,320 2,565,675 2,365,191 Dale W. Tremblay 38,012,040 5,782,955 2,365,191
Each of the eleven director nominees was elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified.
Proposal 2 - A Company proposal to ratify the appointment of
Number of Shares Voted For Voted Against
Abstentions Broker Non-Votes 45,541,138 602,384 16,664 -
The appointment of
Proposal 3 - A Company proposal to approve, on an advisory basis, the 2022 compensation of the Company's named executive officers as disclosed in the Proxy Statement: Number of Shares Voted For Voted Against Abstentions Broker Non-Votes 29,393,884 14,367,778 33,333 2,365,191
The 2022 compensation of the Company's named executive officers was approved on an advisory basis.
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Proposal 4 - A Company proposal to approve, on an advisory basis, the frequency of the Company's say on pay vote:
Number of Shares 1 Year 2 Year 3 Year Abstentions Broker Non-Votes 40,395,401 6,579 3,366,890 26,125 2,365,191
The frequency of the Company's say on pay vote was approved at 1 Year.
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Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release, dated
ended
99.2 Presentation dated
ended
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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