trending Market Intelligence /marketintelligence/en/news-insights/trending/2e0ivjawvgva5jqfkmltdg2 content esgSubNav
In This List

Triumph Bancorp seeks annual election, majority voting for directors

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Triumph Bancorp seeks annual election, majority voting for directors

Dallas-based Triumph Bancorp Inc.'s board is recommending that shareholders approve several proposed amendments in the company's bylaws, including one seeking the annual election of directors and a majority voting scheme for directors.

Under one proposal, directors of the company will serve one-year terms starting at the 2019 annual meeting of shareholders on May 10. If the proposal is approved, directors retiring at the end of the 2019 or 2020 annual meetings will serve the remainder of their terms; their successors will then be elected to one-year terms. All directors will then stand for annual elections from and after 2021.

Another proposal seeks to establish a majority vote rule for uncontested board elections, to replace the current system of plurality voting.