OCEANFIRST FINANCIAL CORP.

DEF 14A 1 locfc2021_def14a.htm OCEANFIRST FINANCIAL CORP - DEF 14A OCEANFIRST FINANCIAL CORP. - DEF 14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

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OceanFirst Financial Corp.

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Message from our Chairman	OceanFirst Financial Corp. 110 West Front Street Red Bank, New Jersey 07701 1.888.623.2633
Christopher D. Maher
Chairman, President and Chief Executive Officer
April 20, 2021

“On behalf of the Board of Directors and all of the employees, we appreciate your support and continued investment in our Company.”

Dear Fellow Stockholder:

We are pleased to invite you to participate in the Annual Meeting of Stockholders (the “Annual Meeting”) for OceanFirst Financial Corp. (the “Company”), the holding company of OceanFirst Bank N.A. (the “Bank”). The Annual Meeting is scheduled to be held virtually on Wednesday, May 19, 2021 at 9:00 a.m., Eastern Time. Information regarding how to access the live webcast of the Annual Meeting (where you will be able to submit written questions) is included on your proxy card, along with details about how to vote your shares. We encourage you to vote your shares prior to the Annual Meeting. For those who are unable to attend the live webcast of the Annual Meeting, a replay will be available and can be accessed by visiting www.oceanfirst.com and selecting the Investor Relations area.

The Notice of Annual Meeting and the proxy statement on the following pages describe the formal business planned for the Annual Meeting. The Company’s directors and executive officers, along with representatives from KPMG LLP, the Company’s independent registered public accounting firm, will be available during the virtual webcast of the Annual Meeting to respond to appropriate questions.

In addition to the formal business, we plan to provide an update on the Company’s accomplishments during 2020. Certainly it was an unprecedented year. We are incredibly proud of how our employees quickly adapted and continue to provide essential services with a focus on safety and without interruption. In March 2020, we knew our customers needed help and we proactively implemented customer-focused programs for hardship assistance and loan forbearance options. We have also been able to assist over 3,400 businesses receive more than $550 million in Paycheck Protection Program ("PPP") loans from the Small Business Administration ("SBA"), which benefited more than 64,000 employees. In addition, OceanFirst Foundation approved over $390,000 in grants to 50 organizations helping our neighbors in need. Management and the Board of Directors also acted swiftly to take steps to fortify the Bank’s liquidity and enhance our capital position, which has our Company well-positioned for the future.

Despite the pandemic, the Bank completed the integration of Two River Community Bank to our operating platforms and re-branded the Country Bank branches in our New York Region. Our Diversity and Inclusion efforts continued with remote programming offered to employees, and we recently launched OFB University, a robust online platform for our employees to continually learn and enhance their skills.

Please take a few moments to review our Annual Report, Proxy Statement and Form 10-K for more details about the Company’s performance. It is important that your shares are represented whether or not you are able to participate in the Annual Meeting, so please take the time to vote. You may submit your vote by telephone or online according to the instructions on the proxy card. Or you may mail the proxy card using the enclosed envelope.

On behalf of the Board of Directors and all of the employees, we appreciate your support and continued investment in our Company.

Sincerely,

Wednesday, May 19, 2021	NOTICE
9:00 a.m. Eastern Time	NOTICE
Virtually at www.virtualshareholdermeeting.com/OCFC2021	of 2021 Annual Meeting of Stockholders
ITEMS OF BUSINESS	RECORD DATE
1. The election of 15 directors of the Company; 2. An advisory vote on executive compensation as disclosed in these materials; 3. The approval of Amendment No. 1 to the OceanFirst Financial Corp. 2020 Stock Incentive Plan;