United Financial Bancorp Inc. shareholders did not pass an amendment to the certificate of incorporation to declassify the board, as the measure received a majority of shares voted in favor, but fewer than the 80% of outstanding shares needed for approval.
The proposal received 35,325,394 votes in favor and 1,385,146 votes against. There were 695,032 abstentions and 7,350,155 non-votes.
Stockholders of the Hartford, Conn.-based company held their annual meeting May 17.
