capital one financial corp (COF) Key Developments
Capital One Names Joseph C. Portera as Managing Vice President and Chief Counsel of Its Financial Services Business
May 24 15
Capital One named Joseph C. Portera as managing vice president and chief counsel of its financial services business.
Capital One Financial Corp. Appoints Desmond Smith Head of Sales for Home Loans
May 22 15
Capital One Financial Corp. appointed Desmond Smith head of sales for home loans as part of an effort to expand its mortgage lending. Smith will oversee the expansion of the company's mortgage sales force in branches throughout New York, the mid-Atlantic, Louisiana and Texas. Smith was most recently a managing director at Citigroup Inc., responsible for distributed retail, direct to consumer and strategic markets, among other things. Prior to that, he worked for JPMorgan Chase & Co. as a senior vice president of national retail sales.
Capital One to Close Irving Call Center, Consolidate Most Workers in Plano
May 12 15
Capital One announced that the company is closing its call center in Irving near Dallas/Fort Worth International Airport and will transfer many of the workers to a center in Plano. Capital One filed a WARN notice with the state of Texas that said it cut 299 positions at the call center at 3939 W. John Carpenter Freeway, by July 4. The company has a regional headquarters in Plano, and the company said that 183 of the 299 workers have accepted transfers to the Plano at 7933 Preston Road. Workers who do not transfer will be eligible for severance packages, including retraining assistance.
Capital One Financial Corp. Appoints Joseph Portera as a Managing Vice President and Chief Counsel for Its Financial Services Business
May 7 15
Capital One Financial Corp. appointed Joseph Portera as managing vice president and chief counsel for its financial services business Portera, former partner of Susman Godfrey LLP will provide strategic guidance for Capital One's financial services business, including the company's auto and mortgage lending businesses.
Capital One Financial Corporation Approves Amendment to Certificate of Incorporation
May 4 15
At the 2015 Annual Stockholder Meeting of Capital One Financial Corporation, the Company's stockholders, upon the recommendation of the Company's Board of Directors, approved amendments to the Company's Restated Certificate of Incorporation that allow one or more stockholders who own at least 25% of the Company's common stock and who satisfy certain procedures to require that the Company call a special meeting of the stockholders. The amendments became effective upon the Company filing a Certificate of Amendment the Office of the Secretary of State of the State of Delaware on April 30, 2015. Prior to the filing of the Certificate of Amendment, stockholders did not have the ability to require that the Company call a special meeting of the stockholders. In addition, as a result of stockholders' approval of proposal 4 at the Annual Meeting, the Board has amended Article II of the Company's Amended and Restated Bylaws (the Bylaws") to (1) specify the information required to be provided in connection with a stockholder's request to call a special meeting, (2) set forth continuing ownership requirements and additional procedures and conditions applicable to stockholders' ability to request that the Company call a special meeting, and (3) define ownership for purposes of the net long" ownership standard under the Certificate.