Annual Reports

Quarterly Reports



  • SC 13G (Mar 8, 2018)
  • Form 4 (Mar 6, 2018)
  • Form 4 (Mar 2, 2018)
  • SC 13G (Feb 8, 2018)
  • SC 13G (Jan 24, 2018)
  • Form 4 (Nov 21, 2017)

Documents found in this filing:

  1. Defa14A
  2. Defa14A





Washington, DC 20549






Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

(Amendment No.     )



Filed by the Registrant  x                             Filed by a Party other than the Registrant  ¨

Check the appropriate box:


¨ Preliminary Proxy Statement
¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
¨ Definitive Proxy Statement
x Definitive Additional Materials
¨ Soliciting Material under §240.14a-12


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¨ Fee paid previously with preliminary materials.
¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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We are filing these additional soliciting materials to request the support of our stockholders at the 2015 Annual Meeting of Stockholders by voting in accordance with the recommendation of our Board of Directors (the “Board”), in particular with respect to the election of Néstor O. Rivera to the Board. We understand that ISS has recommended that stockholders cast a “withhold” vote for Mr. Rivera because he attended fewer than 75% of the meetings of the Board.

Mr. Rivera has been a member of the Board since 2012, and brings valuable experience in sales, marketing, risk and operations matters to our Board. This is the first year that Mr. Rivera has not attended at least 75% of meetings of the Board. Of the ten meetings of the Board held during 2014, Mr. Rivera attended seven. Of the three meetings of the Board that Mr. Rivera did not attend, two were extraordinary meetings to discuss potential strategic opportunities. No resolutions were adopted at these meetings. Mr. Rivera has advised the company that he was unable to attend one of these two extraordinary meetings by reason of illness. Therefore, Mr. Rivera attended seven of the nine Board meetings that occurred when he was not ill, which represents 78% of those meetings. Mr. Rivera has confirmed to the Board that he intends to attend at least 75% of all future Board meetings, assuming he is not unable to do so by reason of illness or family emergency.

Furthermore, as previously disclosed in our Proxy Statement, Mr. Rivera is one of the director nominees of Popular, Inc. (“Popular”), our largest shareholder, under the Stockholder Agreement, as amended, by and among the Company, Popular and the other stockholders party thereto. As a result, we are contractually obligated to nominate Mr. Rivera for election at the annual meeting.

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