PEAPACK GLADSTONE FINANCIAL CORP
For the period ended Apr 30, 2024. Filed Mar 15, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 30, 2024 · Filed Mar 15, 2024
Contents
Cover page
Show cover page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant☒
Filed by a Party other than the Registrant☐
Check the appropriate box:
☐ Preliminary Proxy Statement
☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒ Definitive Proxy Statement
☐ Definitive Additional Materials
☐ Soliciting Material Pursuant to §240.14a-12
Peapack-Gladstone Financial Corporation
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
☒ No fee required.
☐ Fee paid previously with preliminary materials.
☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.
500 HILLS DRIVE
BEDMINSTER, NEW JERSEY 07921
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON TUESDAY, APRIL 30, 2024
To Our Shareholders:
NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Peapack-Gladstone Financial Corporation (the “Company”) will be held online on Tuesday, April 30, 2024 at 10:00 a.m., Eastern time. The Annual Meeting will be held in a virtual format only. You will not be able to attend the Annual Meeting physically. At the meeting, shareholders will be asked to consider and vote:
To elect fourteen directors to serve for a one-year term and until their successors shall have been duly elected and qualified.
To approve, on a non-binding basis, the compensation of the Company’s named executive officers.
To approve the Peapack-Gladstone Financial Corporation 2024 Employee Stock Purchase Plan to replace the expiring Peapack-Gladstone Financial Corporation 2014 Employee Stock Purchase Plan.
To ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024.
Such other business as may properly come before the meeting or any adjournment thereof.
Only shareholders of record at the close of business on March 6, 2024 are entitled to receive notice of, and to vote at, the meeting.
You are urged to carefully read the attached proxy statement relating to the meeting.
Whether or not you expect to attend the virtual meeting, we urge you to exercise your right to vote as promptly as possible.
By Order of the Board of Directors
Kenneth Geiger
Corporate Secretary
Bedminster, New Jersey
March 19, 2024
YOUR VOTE IS IMPORTANT.
PLEASE SIGN AND RETURN THE ENCLOSED PROXY IN THE ENVELOPE PROVIDED
OR VOTE BY TELEPHONE OR VIA THE INTERNET.
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR
THE SHAREHOLDER MEETING TO BE HELD ON APRIL 30, 2024
This Proxy Statement and our Annual Report on Form 10-K are available at
www.edocumentview.com/PGC
Peapack-Gladstone Financial Corporation
Proxy Statement
Table of Contents
| Attending the Meeting | 1 |
|---|---|
| Voting Information | 1 |
| Corporate Governance | 4 |
| Director Compensation | 10 |
| Beneficial Ownership of Common Stock | 11 |
| Proposal 1 – Election of Directors | 13 |
| Proposal 2 – Advisory Vote on Compensation of Named Executive Officers. | 16 |
| Proposal 3 – Approval of the Peapack-Gladstone Financial Corporation 2024 Employee Stock Purchase Plan to Replace the Expiring Peapack-Gladstone Financial Corporation 2014 Employee Stock Purchase Plan. | 17 |
| Proposal 4 – Ratification of the Appointment of the Independent Registered Public Accounting Firm. | 20 |
| Compensation Discussion and Analysis | 22 |
| Compensation Committee Report | 35 |
| Executive Compensation | 36 |
| Delinquent Section 16(a) Reports | 45 |
| Transactions with Related Persons | 46 |
| Shareholder Proposals | 46 |
| Other Matters | 46 |
| Appendix - Peapack-Gladstone Financial Corporation 2024 Employee Stock Purchase Plan | A-1 |
500 HILLS DRIVE
BEDMINSTER, NEW JERSEY 07921
PROXY STATEMENT
This proxy statement is furnished to the shareholders of Peapack-Gladstone Financial Corporation (“Peapack-Gladstone” or the “Company”) in connection with the solicitation by the Board of Directors of Peapack-Gladstone of proxies for use at the Annual Meeting of Shareholders to be held virtually on Tuesday, April 30, 2024 at 10:00 a.m., Eastern time.
The Annual Meeting will be held in a virtual format only. You will not be able to attend the Annual Meeting physically.
This proxy statement is first being made available to shareholders on approximately March 19, 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.