Cadence Bancorporation re-elected two Class II directors and elected one new Class II director at its 2019 Annual Meeting of Stockholders at the Westin Galleria in Houston.
J. Richard Fredericks and Virginia A. Hepner will serve for an additional three-year term apiece, while Kathy Waller joins the board for the same three-year term. All terms will expire in 2022.
Additionally, Robert K. Steel retired from the board of directors, effective May 8, 2019.
“On behalf of Cadence Bancorporation, I would like to extend our most sincere appreciation to Bob for his 10 years of service and for the invaluable insights and guidance he provided over those years,” said Paul B. Murphy, Jr., chairman and CEO of Cadence Bancorporation.
At the meeting, stockholders also approved:
- An advisory vote on the compensation of Cadence Bancorporation’s named executive officers
- An advisory vote on the frequency of future votes on the compensation of Cadence Bancorporation named executive officers for every one year
- The ratification of the appointment of Ernst & Young LLP to serve as the independent registered public accounting firm for fiscal year 2019
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Headquartered in Houston, Cadence Bancorporation is a regional financial holding company with $17.4 billion in assets as of March 31, 2019. Cadence operates 98 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas, and provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions, including specialized lending, asset-based lending and SBA lending.
