Berkshire Hills Bancorp Announces Results of Annual Meeting
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BOSTON, May 17, 2024 ~ Berkshire Hills Bancorp, Inc. (NYSE: BHLB) held its Annual Meeting of Shareholders on May 16, 2024, where all three proposals were approved with overwhelming support from shareholders. The meeting, which had a quorum of approximately 91% of outstanding shares voted in person or by proxy, saw all measures unanimously recommended by the Board.

The parent company of Berkshire Bank, a community-focused bank with financial centers in New England and New York, received at least 96% support for all measures requesting shareholder approval. This included the election of all eleven director nominees to serve a one-year term.

The elected directors are David M. Brunelle (Chairperson), Mary Anne Callahan, Nina A. Charnley, Dr. Mihir A. Desai, William H. Hughes III, Jeffrey W. Kip, Dr. Sylvia Maxfield, Nitin J. Mhatre (Berkshire CEO), Laurie Norton Moffatt, Karyn Polito, and Eric S. Rosengren.

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In addition to the election of directors, shareholders also provided advisory votes on executive compensation practices and the appointment of Crowe LLP as the Company's independent registered public accounting firm for fiscal year 2024.

The Company's proxy materials highlighted its strong performance in 2023 and its commitment to strengthening operations and delivering growth for long-term success. During the meeting, CEO Nitin Mhatre expressed his gratitude to board members for their service and recognized retiring directors Baye Adofo-Wilson and Michael Zaitzeff.

Mhatre also acknowledged the hard work of Berkshire's employees and their dedication to serving customers and communities.

"I want to thank our shareholders for their vote of confidence in Berkshire and recognition of our continued progress," said Mhatre. "Last year we outperformed our peers on key operating metrics identified in our proxy and achieved a 10% operating return on tangible common equity. We are committed to improving long-term shareholder returns and becoming a high-performing, relationship-driven, community-focused bank."

With the approval of all proposals and the strong support from shareholders, Berkshire Hills Bancorp, Inc. is well-positioned to continue its growth and success in the coming years.

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