SLM Corp - FORM 8-K - May 24, 2011

 
 
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 19, 2011
SLM CORPORATION
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction
of incorporation) 		  001-13251
(Commission
File Number) 		  52-2013874
(I.R.S. Employer
Identification No.)
     
300 Continental Drive, Newark, Delaware   19713
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (302) 283-8000
(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:
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))
 
 

 

 

Item 5.07   Submission of Matters to a Vote of Security Holders.
SLM Corporation held its 2011 Annual Meeting of Shareholders on May 19, 2011. At the meeting, the following proposals were submitted to a vote of our shareholders, with the voting results indicated below:
Proposal 1 — Election of Directors. Our shareholders elected the following 16 directors to hold office until the 2012 annual meeting of shareholders and until their successors have been duly elected or appointed.
                                 
                            Broker
    For   Against   Abstain   Non-Votes
Ann Torre Bates
     442,525,531       7,872,382       191,470       21,357,144  
W. M. Diefenderfer III
     446,222,564       4,183,684       183,135       21,357,144  
Diane Suitt Gilleland
     445,497,954       4,904,647       186,782       21,357,144  
Earl A. Goode
     446,363,705       4,033,787       191,891       21,357,144  
Ronald F. Hunt
     446,298,611       4,129,099       161,673       21,357,144  
Albert L. Lord
     442,796,643       7,456,984       335,756       21,357,144  
Michael E. Martin
     448,432,968       1,955,991       200,424       21,357,144  
Barry A Munitz
     445,379,010       4,991,433       218,940       21,357,144  
Howard H. Newman
     448,846,668       1,567,080       175,635       21,357,144  
A. Alexander Porter, Jr.
     445,768,259       4,676,785       144,339       21,357,144  
Frank C. Puleo
     448,726,223       1,605,384       257,776       21,357,144  
Wolfgang Schoellkopf
     443,723,441       6,697,605       168,337       21,357,144  
Steven L. Shapiro
     445,418,770       4,953,336       217,277       21,357,144  
J. Terry Strange
     447,651,848       2,748,790       188,745       21,357,144  
Anthony P. Terracciano
     447,927,843       2,474,440       187,100       21,357,144  
Barry L. Williams
     432,986,443       17,421,274       181,666       21,357,144  
Proposal 2 — Advisory Vote on Executive Compensation. Our shareholders approved, by an advisory vote, the compensation of our named executive officers.
                         
For   Against   Abstain   Broker Non-Votes
440,734,595
     6,138,972       3,715,816       21,357,144  

 

 

Proposal 3 — Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. Consistent with our Board of Directors’ recommendation, our shareholders approved, by an advisory vote, an annual advisory vote on compensation of our named executive officers. On May 19, 2011, following our annual meeting of shareholders, our Board of Directors determined to hold future advisory votes on the compensation of our named executive officers on an annual basis until we hold our next advisory vote on the frequency of such votes.
                                 
1 Year   2 Years   3 Years   Abstain   Broker Non-Votes
417,203,154
     4,611,913       26,746,926       2,027,390       21,357,144  
Proposal 4 — Ratification of the Appointment of PricewaterhouseCoopers LLP. Our shareholders ratified the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2011.
                         
For   Against   Abstain   Broker Non-Votes
465,886,334
     5,881,990       178,203       0  

 

 

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.
         
  SLM CORPORATION
 		  
Date: May 24, 2011  By:   /s/ Laurent C. Lutz    
    Laurent C. Lutz   
    Executive Vice President & General Counsel   
 

 

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