Citizens Financial Group Announces Officer, Director Changes
Ticker: CFG-PI · Form: 8-K · Filed: Jun 12, 2024 · CIK: 759944
| Field | Detail |
|---|---|
| Company | Citizens Financial Group Inc/Ri (CFG-PI) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, management-change, preferred-stock
Related Tickers: CFG
TL;DR
CFG shakes up its board and exec team, effective June 12th.
AI Summary
Citizens Financial Group, Inc. (CFG) announced on June 7, 2024, the appointment of certain officers and changes related to its board of directors. Specifically, the company elected new directors and made adjustments to executive compensation arrangements. These changes are effective as of June 12, 2024.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and does not indicate any significant financial distress or operational issues.
Key Numbers
- 6.350% — Series D Preferred Stock Rate (Details a specific financial instrument mentioned in the filing.)
- 5.000% — Series E Preferred Stock Rate (Details a specific financial instrument mentioned in the filing.)
- 7.375% — Series H1 Preferred Stock Rate (Details a specific financial instrument mentioned in the filing.)
Key Players & Entities
- Citizens Financial Group, Inc. (company) — Filer
- 0000759944 (company) — Central Index Key
- 20240612 (date) — Filing Date
- 20240607 (date) — Period of Report
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of new directors, but does not specify their names or the exact number of new appointments in the provided text.
Were there any executive officer departures?
The filing mentions 'Departure of Directors or Certain Officers' as an item, but the specific details of any departures are not elaborated in the provided text.
What are the details of the compensatory arrangements?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item, but the specific details of these arrangements are not provided in the excerpt.
What is the purpose of the 8-K filing?
The 8-K filing is a Current Report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, used to announce major corporate events.
What is the ticker symbol for Citizens Financial Group?
The ticker symbol is not explicitly stated in the provided text, but the company is identified as CITIZENS FINANCIAL GROUP INC/RI.
Filing Stats: 549 words · 2 min read · ~2 pages · Grade level 11.6 · Accepted 2024-06-12 16:25:57
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value per share CFG New York St
Filing Documents
- d815401d8k.htm (8-K) — 29KB
- 0001193125-24-159974.txt ( ) — 202KB
- cfg-20240607.xsd (EX-101.SCH) — 5KB
- cfg-20240607_def.xml (EX-101.DEF) — 14KB
- cfg-20240607_lab.xml (EX-101.LAB) — 25KB
- cfg-20240607_pre.xml (EX-101.PRE) — 15KB
- d815401d8k_htm.xml (XML) — 10KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CITIZENS FINANCIAL GROUP, INC. By: /s/ John F. Woods John F. Woods Vice Chair and Chief Financial Officer Date: June 12, 2024