Form 8-K

 

 

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 24, 2012

 

 

SLM CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-13251   52-2013874

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(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:

 

¨  

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))

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

SLM Corporation (the “Company”) held its 2012 Annual Meeting of Shareholders on May 24, 2012. 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 15 directors to hold office until the 2013 annual meeting of shareholders and until their successors have been duly elected or appointed.

 

     For      Against      Abstain      Broker
Non-Votes
 

Ann Torre Bates

     428,923,539         6,352,647         223,102         16,068,919   

William M. Diefenderfer, III

     430,092,529         5,224,912         181,847         16,068,919   

Diane Suitt Gilleland

     428,348,657         6,971,759         178,872         16,068,919   

Earl A. Goode

     429,871,446         5,446,036         181,806         16,068,919   

Ronald F. Hunt

     429,161,179         6,156,633         181,476         16,068,919   

Albert L. Lord

     429,782,823         5,535,729         180,736         16,068,919   

Barry A. Munitz

     429,797,791         5,522,110         179,387         16,068,919   

Howard H. Newman

     434,208,478         1,061,624         229,186         16,068,919   

A. Alexander Porter, Jr.

     429,298,337         5,956,006         244,945         16,068,919   

Frank C. Puleo

     433,659,437         1,600,611         239,240         16,068,919   

Wolfgang Schoellkopf

     428,520,148         6,742,250         236,890         16,068,919   

Steven L. Shapiro

     429,497,070         5,821,878         180,340         16,068,919   

J. Terry Strange

     433,617,036         1,696,528         185,724         16,068,919   

Anthony P. Terracciano

     433,279,625         2,016,278         203,385         16,068,919   

Barry L. Williams

     430,670,284         4,647,721         181,283         16,068,919   

Proposal 2 – Approval of SLM Corporation 2012 Omnibus Incentive Plan. Our shareholders approved the 2012 Omnibus Incentive Plan.

 

For      Against      Abstain      Broker
Non-Votes
 
  415,109,183         19,939,400         450,705         16,068,919   

Proposal 3 – Approval of the Amended and Restated SLM Corporation Employee Stock Purchase Plan. Our shareholders approved the Amended and Restated Employee Stock Purchase Plan.

 

For      Against      Abstain      Broker
Non-Votes
 
  432,170,817         1,506,130         1,822,341         16,068,919   


Proposal 4 – 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
 
  430,131,423         3,014,510         2,353,355         16,068,919   

Proposal 5 – Ratification of the Appointment of KPMG LLP. Our shareholders ratified the appointment of KPMG LLP as our independent registered public accounting firm for the year ending December 31, 2012.

 

For      Against      Abstain      Broker
Non-Votes
 
  447,162,124         4,184,814         221,269         0   

Item 8.01 Other Events.

On May 24, 2012, our board of directors approved an additional $400 million to be utilized in the Company’s ongoing share repurchase program previously announced in January 2012.


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 29, 2012   By:  

/s/ Laurent C. Lutz

    Laurent C. Lutz
    Executive Vice President & General Counsel