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UNTY Unity Bancorp

Employees

Data from SEC filings
Employee count
CEO pay ratio
CEO Salary
Median Employee Salary

Shareholder alignment

Proxy contests and exempt solicitations in last 3 years

No recent proxy contest or exempt solicitation filings from shareholders.

Vote support at last AGM


Clinton, NJ – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, held its Annual Meeting of Shareholders on May 13, 2021. A total of 9,542,093 of the Company’s shares were present or represented by proxy at the meeting. The Company’s shareholders took the following actions:



Proposal 1: Election of Directors



The following three directors were nominated to serve for the terms set forth in the Company’s Proxy statement. Results of the election are as follows:



Number of Votes
NameForWithheldBroker Non-vote
Dr. Mark S. Brody7,802,765343,6041,395,724
Raj Patel7,980,165166,2041,395,724
Donald E. Souders, Jr.7,179,113967,2561,395,724






Proposal 2: The Ratification of the selection of RSM US LLP as the Company’s Independent External Auditors for the year ending December 31, 2021



The Audit Committee has appointed the firm RSM US LLP, to act as our independent registered public accounting firm and to audit our consolidated financial statements for the fiscal year ending December 31, 2021. This appointment will continue at the pleasure of the Audit Committee and was presented to the stockholders for ratification as a matter of good governance. Results of the election are as follows:



Number of Votes
ForAgainstAbstainBroker Non-vote
9,473,6649,55858,871-




Proposal 3: Advisory Vote on Executive Compensation



Under Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, companies with securities registered with the Securities and Exchange Commission are required to provide shareholders the opportunity to vote on a non-binding advisory proposal, commonly known as Say-on-Pay, to approve the compensation of executives. The Company has decided to implement this requirement by providing shareholders a simple vote that indicated their position with respect to our executive compensation. Results of the election are as follows:



Number of Votes
ForAgainstAbstainBroker Non-vote
6,427,4881,490,610228,2711,395,724






Proposal 4: Advisory Vote on the frequency of the Advisory Vote on Executive Compensation



The Company is providing shareholders the opportunity to cast an advisory vote on whether the advisory vote on executive compensation should be held every one, two or three years, commonly known as Say-When-on-Pay or Say-on-Frequency proposal. Results of the election are as follows:



Number of Votes
1 Year2 Years3 YearsAbstainBroker Non-vote
3,791,358195,6074,028,071131,3331,395,724