Proxy Statement (definitive) (DEF 14A) Date : 05/02/2011 @ 4:21PM
Source : Edgar (US Regulatory)
Stock : (DRL)
Quote : 1.51 0.01 (0.67%) @ 8:00PM
- Proxy Statement (definitive) (DEF 14A)
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
o Preliminary Proxy Statement
o Confidential, for Use of the Commission Only (as permitted by Rule 14a- 6(e)(2) )
þ Definitive Proxy Statement
o Definitive Additional Materials
o Soliciting Material Pursuant to §240.14a-12
Doral Financial Corporation
(Name of Registrant as Specified in its Charter)
Payment of Filing Fee (Check the appropriate box):
þ No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
(1) Title of each class of securities to which transaction applies:
(2) Aggregate number of securities to which transaction applies:
(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
(4) Proposed maximum aggregate value of transaction:
(5) Total fee paid:
o Fee paid previously with preliminary materials.
o Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
(2) Form, Schedule or Registration Statement No.:
(3) Filing Party:
(4) Date Filed:
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1451 F.D. Roosevelt Avenue
San Juan, Puerto Rico 00920-2717
May 12, 2011
Dear Shareholder:
You are cordially invited to attend the annual meeting of shareholders of Doral Financial Corporation (“Doral Financial”). This year the meeting will be held at The New York Palace, Henry Room, 455 Madison Avenue, New York, New York on June 28, 2011. The meeting will begin promptly at 7:30 a.m. EST.
Details of the business to be conducted at the annual meeting are given in the attached notice of annual meeting of shareholders and proxy statement.
Only shareholders of record as of the close of business on May 6, 2011 are entitled to notice of, and to vote at, the annual meeting or any adjournments or postponements thereof. A list of these shareholders will be available for inspection for a period of ten days prior to the annual meeting at the office of Doral Financial on the ninth floor of the Doral Financial Plaza Building, 1451 F.D. Roosevelt Avenue, San Juan, Puerto Rico, and will also be available for inspection at the meeting itself.
Shareholders are urged to review carefully the enclosed proxy statement and complete, sign and return your proxy card in the envelope provided, even if you plan to attend the meeting. YOUR VOTE IS IMPORTANT. The prompt return of your proxy card will ensure that your vote is counted. Please note that sending us your proxy will not prevent you from voting in person at the meeting if you so desire.
Doral Financial anticipates that the proxy statement and the accompanying form of proxy will be mailed to shareholders on or about May 12, 2011.
We appreciate your support.
Sincerely,
Glen R. Wakeman
President and Chief Executive Officer
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1451 F.D. Roosevelt Avenue
San Juan, Puerto Rico 00920-2717
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
To Be Held On June 28, 2011
The annual meeting of shareholders of Doral Financial Corporation (“Doral Financial”) will be held at The New York Palace, Henry Room, 455 Madison Avenue, New York, New York on June 28, 2011, beginning at 7:30 a.m. EST, to vote on the following matters as described in the accompanying proxy statement:
1. To elect seven (7) directors of Doral Financial;
2. To ratify the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2011;
3. To consider a non-binding advisory “say on pay” vote regarding the compensation of our named executive officers;
4. To consider a non-binding advisory “say on frequency” vote regarding the frequency of the advisory vote on the compensation of our named executive officers; and
5. To transact such other business as may properly come before the meeting or any adjournments or postponements thereof. Management at present knows of no other business to be brought before the meeting.
Only shareholders of record as of the close of business on the record date, May 6, 2011, are entitled to notice of, and to vote at, the annual meeting or any adjournments or postponements thereof. A list of these shareholders will be available for inspection for a period of ten days prior to the annual meeting at the office of Doral Financial at the ninth floor of the Doral Financial Plaza Building, 1451 F.D. Roosevelt Avenue, San Juan, Puerto Rico, and will also be available for inspection at the meeting itself.
IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AT THE MEETING. WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING IN PERSON, PLEASE COMPLETE, SIGN AND DATE THE ACCOMPANYING PROXY AND RETURN IT AS PROMPTLY AS POSSIBLE IN THE ENCLOSED STAMPED ENVELOPE.
By order of our Board of Directors,
Enrique R. Ubarri, Esq.
Secretary
Dated: May 12, 2011
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