New York Community Bancorp (NYCB) shareholders rejected compensation packages for its executives in a nonbinding vote last week.
The $47.6 billion-asset company said in a regulatory filing Friday that about 53% of the shares that were voted in its proxy rejected the executive pay plans in a nonbinding vote. Shareholders representing about 90% of its outstanding common stock cast ballots at the Westbury, N.Y., company's annual meeting on Wednesday.
New York Community did not issue a comment in response to the vote.
Joseph Ficalora, president and chief executive, received total compensation of about $9.8 million last year, according to the company's proxy statement. That amount would rank Ficalora ahead of the CEOs of PNC Financial Services Group (PNC), Fifth Third Bancorp (FITB) and KeyCorp (KEY), all banks that are larger as measured by assets.
Also in the proxy's voting results, shareholders also elected three directors to three-year terms and approved KPMG as auditor.