UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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) April 20, 2011

 

City National Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-10521

 

95-2568550

(Commission File Number)

 

(IRS Employer Identification No.)

 

City National Plaza

 

 

555 S. Flower Street, Los Angeles, California

 

90071

(Address of Principal Executive Offices)

 

(Zip Code)

 

(213) 673-7700

(Registrant’s Telephone Number, Including Area Code)

 

 

 (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 (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

 

Items 5.02.

 

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(e)  On April 20, 2011, City National Corporation (the Corporation) held its annual meeting of stockholders at which the stockholders approved amendments to the Corporation’s 2008 Omnibus  Plan and the Corporation’s Amended and Restated 2010 Variable Bonus Plan, each of which is effective immediately.  The amendments to the 2008 Omnibus Plan are described under Proposal 3 in the Corporation’s Definitive Proxy Statement on Schedule 14A which was filed with the Securities Exchange Commission on March 9, 2011 (2011 Proxy Statement) and the Variable Bonus Plan is described under Proposal 4 in the 2011 Proxy Statement, each of which description is incorporated into this item 5.02 by reference.

 

Item 5.07.

 

Submission of Matters to a Vote of Security Holders.

 

On April 20, 2011, the Corporation held its annual meeting of stockholders. The Corporation’s stockholders approved each of the seven proposals detailed in the Corporation’s 2011 Proxy Statement.

 

Proposal 1

 

The election of four Class III directors for a term expiring in 2014:

 

Name

 

For

 

Withheld

 

Broker Non-Vote

 

 

 

 

 

 

 

Richard L. Bloch

 

40,754,802

 

6,855,179

 

2,578,740

Bram Goldsmith

 

46,488,007

 

1,121,974

 

2,578,740

Ashok Israni

 

46,644,098

 

965,883

 

2,578,740

Kenneth Ziffren

 

46,396,193

 

1,213,788

 

2,578,740

 

Proposal 2

 

Ratification of the selection of KPMG as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2011:

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

 

 

 

 

 

 

49,926,069

 

230,370

 

32,282

 

 

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Proposal 3

 

Amendment of the 2008 Omnibus Plan:

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

 

 

 

 

 

 

29,601,616

 

17,934,624

 

73,741

 

2,578,740

 

Proposal 4

 

Amendment of the Variable Bonus Plan:

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

 

 

 

 

 

 

46,520,195

 

1,012,930

 

76,856

 

2,578,740

 

Proposal 5

 

Advisory vote on Executive Compensation:

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

 

 

 

 

 

 

46,161,668

 

1,387,732

 

60,581

 

2,578,740

 

Proposal 6

 

Advisory vote on the frequency of future advisory votes on Executive Compensation:

 

1 Yr

 

2 Yrs

 

3 Yrs

 

Abstain

 

Broker Non-Vote

 

 

 

 

 

 

 

 

 

38,514,189

 

171,858

 

8,591,719

 

331,871

 

2,578,740

 

In accordance with the voting results for this item, the Company’s Board of Directors has determined to hold an advisory vote on executive compensation every year until the next frequency vote.  A frequency vote is required to be held at least once every six years.

 

Proposal 7

 

Stockholder proposal regarding declassification of the Board of Directors:

 

For

 

Against

 

Abstain

 

Broker Non-Vote

 

 

 

 

 

 

 

28,468,050

 

18,979,883

 

162,048

 

2,578,740

 

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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.

 

 

CITY NATIONAL CORPORATION

 

 

 

 

April 25, 2011

By:

/s/ Michael B. Cahill

 

 

Michael B. Cahill

 

 

Executive Vice President, General Counsel

 

 

and Corporate Secretary

 

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