Form 8-K for DORAL FINANCIAL CORP
--------------------------------------------------------------------------------
13-Jun-2012
Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting of Shareholders of Doral Financial Corporation (the "Company"), held on June 13, 2012 (the "Annual Meeting"), the proposals listed below were submitted to a vote of the shareholders. The proposals are described in the Company's definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission (the "Proxy Statement").
Proposal 1 - The election of six (6) directors of the Company for a one-year term ending on next year's Annual Meeting of Shareholders of the Company.
The following six (6) nominees named in the Company's Proxy Statement were elected as directors for a one-year term. The voting results were as follows:
Election of Directors-Nominees Votes For Votes Withheld Broker Non-Votes
Dennis G. Buchert 54,054,858 31,063,673 31,807,534
James E. Gilleran 72,959,958 12,158,573 31,807,534
Douglas L. Jacobs 57,260,606 27,857,925 31,807,534
David E. King 75,485,162 9,633,369 31,807,534
Gerard L. Smith 54,074,975 31,043,556 31,807,534
Glen R. Wakeman 81,315,121 3,803,410 31,807,534
Proposal 2 - Ratification of the selection of PricewaterhouseCoopers LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2012
The proposal to ratify the selection of PricewaterhouseCoopers LLP as the Company's Independent Registered Public Accounting Firm for 2012 was approved. The voting results were as follows:
For: 112,312,744
Against: 3,974,803
Abstain: 638,518
Broker Non-Votes: 0
Proposal 3 - Consideration of a non-binding advisory "say on pay" vote to approve the compensation of our named executive officers
The proposal to consider a vote to approve the compensation of the Company's named executive officers, as described in the Proxy Statement, was approved on an advisory basis. The voting results were as follows:
For: 45,943,914
Against: 36,918,932
Abstain: 2,255,685
Broker Non-Votes: 31,807,534
