Berkshire Hills Bancorp Announces Results of Annual Meeting
Shareholders Recognize Berkshire's Achievements; Approve All Proposals
Shareholders voted to approve the election of all eleven director nominees to serve a one-year term:
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David M. Brunelle (Chairperson) -
Mary Anne Callahan -
Nina A. Charnley - Dr.
Mihir A. Desai - William H. Hughes III
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Jeffrey W. Kip - Dr.
Sylvia Maxfield -
Nitin J. Mhatre (Berkshire CEO) -
Laurie Norton Moffatt -
Karyn Polito -
Eric S. Rosengren
Shareholders further provided advisory votes as follows:
- Executive compensation practices were approved; and
- The appointment of Crowe LLP as the Company's independent registered public accounting firm for fiscal year 2024 was ratified.
The Company's proxy materials highlighted Berkshire's solid year of performance in 2023, building on core elements of its strategy to strengthen operations, deliver growth, and improve its long-term outlook. During the meeting CEO
"I want to thank our shareholders for their vote of confidence in Berkshire and recognition of our continued progress. Last year we outperformed the median of our peers on key operating metrics identified in our proxy. We produced a 10% operating return on tangible common equity and increased annual dividends per share year-over-year. We continue to build momentum to improve long-term shareholder returns and achieve our vision to become a high-performing, relationship-driven, community-focused bank," concluded Mhatre.
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