Customers Bancorp (CUBI) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 27, 2025, to be held virtually, with shareholders able to vote and participate online.

• Focus on strong financial performance in 2024, including 5.2% deposit growth, 11% loan growth, and robust liquidity and capital levels.

• Strategic priorities include deposit franchise transformation, risk management, and operational excellence, with a continued emphasis on client service and innovation.

• Board and management highlight ongoing shareholder engagement, succession planning, and talent acquisition to support long-term growth.

Voting matters and shareholder proposals

• Shareholders will vote on electing two directors for three-year terms and one director for a one-year term.

• Proposal to ratify Deloitte & Touche LLP as independent auditor for 2025.

• Advisory vote on executive compensation (Say-on-Pay).

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2026 proxy must be submitted by December 18, 2025.

Board of directors and corporate governance

• Board consists of eight members, 87% independent, with diverse backgrounds in finance, technology, and leadership.

• Board committees include Audit, Risk, Compensation, Nominating & Governance, Regulatory Affairs, and CSR.

• Board succession planning, director education, and annual self-assessments are emphasized.

• Board diversity: 13% female, 25% minority.

• Lead Independent Director oversees board effectiveness and shareholder engagement.