Form 8-K - Current report
May 07 2024 - 5:00PM
Edgar (US Regulatory)
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0001497770
0001497770
2024-05-02
2024-05-02
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 2, 2024
Walker &
Dunlop, Inc.
(Exact name of registrant as specified in its charter)
Maryland |
|
001-35000 |
|
80-0629925 |
(State or other jurisdiction of
incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
7272 Wisconsin Avenue
Suite 1300
Bethesda, MD |
|
20814 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (301) 215-5500
Not applicable
(Former name or former address if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class |
Trading
symbol |
Name
of each exchange on which registered |
Common Stock, par value $0.01 per share |
WD |
New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As noted below under Item 5.07, at the 2024 Annual
Meeting of Stockholders (the “Annual Meeting”) of Walker & Dunlop, Inc. (the “Company”) held on
May 2, 2024, the Company’s stockholders, upon the recommendation of the Board of Directors of the Company (the “Board”),
approved the adoption of the Walker & Dunlop, Inc. 2024 Equity Incentive Plan (the “Plan”), which was previously
adopted by the Board of Directors, subject to the approval by stockholders. The Plan, which constitutes an amendment and restatement of
the Walker & Dunlop, Inc. 2020 Equity Incentive Plan, among other things, reserves an additional 1,500,000 shares of the
Company’s common stock, par value $0.01 per share (“Common Stock”), for issuance in the form of equity-based awards
to employees, non-employee directors, consultants and advisors, extends the termination date of the Plan to February 14, 2034, and
increases the limits on certain annual incentive awards that may be granted to participants under the Plan.
A more detailed description of the material terms
of the Plan was included in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission
on March 15, 2024 (the “Proxy Statement”). The foregoing and the summary of the Plan in the Proxy Statement are not complete
summaries of the terms of the Plan and are qualified by reference to the text of the Plan, included as Exhibit 10.1 and incorporated
by reference herein.
In addition, on May 2, 2024, the Board appointed
William M. Walker, currently the Company’s Chairman of the Board and Chief Executive Officer, to also serve in the position of President,
effective immediately. Mr. Walker, age 57, has served as the Company’s Chief Executive Officer since January 2007 and
as Chairman of the Board since July 2010. Mr. Walker’s transactions required to be disclosed under Item 404(a) of
Regulation S-K are included in “Certain Relationships and Related Transactions” in the Proxy Statement.
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 2, 2024, the Company held its Annual
Meeting. The following are the matters voted upon at the Annual Meeting and the final results of the votes on such matters:
| 1. | Election of directors for a one-year term expiring at the 2025 Annual Meeting of Stockholders: |
| |
Votes For | | |
Votes Against | | |
Abstentions | | |
Broker Non-votes | |
Jeffery R. Hayward | |
| 26,822,503 | | |
| 151,938 | | |
| 165,126 | | |
| 3,288,146 | |
Ellen D. Levy | |
| 26,762,469 | | |
| 196,725 | | |
| 180,373 | | |
| 3,288,146 | |
Michael D. Malone | |
| 26,641,183 | | |
| 331,789 | | |
| 166,595 | | |
| 3,288,146 | |
John Rice | |
| 26,239,212 | | |
| 733,907 | | |
| 166,448 | | |
| 3,288,146 | |
Dana L. Schmaltz | |
| 26,589,221 | | |
| 385,752 | | |
| 164,594 | | |
| 3,288,146 | |
William M. Walker | |
| 26,596,604 | | |
| 525,154 | | |
| 17,809 | | |
| 3,288,146 | |
Donna C. Wells | |
| 26,758,658 | | |
| 215,637 | | |
| 165,272 | | |
| 3,288,146 | |
| 2. | Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting
firm for the fiscal year ending December 31, 2024: |
Votes For | | |
Votes Against | | |
Abstentions | | |
Broker Non-votes | |
| 29,914,767 | | |
| 491,994 | | |
| 20,952 | | |
| — | |
| 3. | Advisory resolution to approve executive compensation: |
Votes For | | |
Votes Against | | |
Abstentions | | |
Broker Non-votes | |
| 26,688,263 | | |
| 423,300 | | |
| 28,004 | | |
| 3,288,146 | |
| 4. | Approval of the adoption of the Plan: |
Votes For | | |
Votes Against | | |
Abstentions | | |
Broker Non-votes | |
| 26,697,530 | | |
| 414,414 | | |
| 27,622 | | |
| 3,288,146 | |
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
WALKER & DUNLOP, INC.
(Registrant) |
|
|
|
Date: May 7, 2024 |
By: |
/s/ Richard M. Lucas |
|
|
Name: |
Richard M. Lucas |
|
|
Title: |
Executive Vice President, General Counsel & Secretary |
v3.24.1.u1
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May 02, 2024 |
Cover [Abstract] |
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Document Period End Date |
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|
Entity File Number |
001-35000
|
Entity Registrant Name |
Walker &
Dunlop, Inc.
|
Entity Central Index Key |
0001497770
|
Entity Tax Identification Number |
80-0629925
|
Entity Incorporation, State or Country Code |
MD
|
Entity Address, Address Line One |
7272 Wisconsin Avenue
|
Entity Address, Address Line Two |
Suite 1300
|
Entity Address, City or Town |
Bethesda
|
Entity Address, State or Province |
MD
|
Entity Address, Postal Zip Code |
20814
|
City Area Code |
301
|
Local Phone Number |
215-5500
|
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Title of 12(b) Security |
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|
Trading Symbol |
WD
|
Security Exchange Name |
NYSE
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Entity Emerging Growth Company |
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