Deluxe Corp Appoints New CEO, Barry C. McCarthy
Ticker: DLX · Form: 8-K · Filed: Aug 20, 2024 · CIK: 27996
| Field | Detail |
|---|---|
| Company | Deluxe Corp (DLX) |
| Form Type | 8-K |
| Filed Date | Aug 20, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, ceo-appointment, board-of-directors
Related Tickers: DLX
TL;DR
Deluxe Corp just hired Barry McCarthy from Signature Bank as their new CEO. Big change incoming.
AI Summary
On August 14, 2024, Deluxe Corporation announced the appointment of Barry C. McCarthy as its new Chief Executive Officer, effective immediately. McCarthy, who previously served as President and CEO of Signature Bank, will also join the company's Board of Directors. He succeeds Gary L. Norcross, who will transition to the role of Executive Chairman.
Why It Matters
The appointment of a new CEO from a prominent financial institution like Signature Bank signals a potential shift in strategy and leadership for Deluxe Corporation.
Risk Assessment
Risk Level: medium — A CEO transition, especially from a bank that faced significant challenges, introduces uncertainty regarding future strategy and performance.
Key Players & Entities
- Deluxe Corporation (company) — Registrant
- Barry C. McCarthy (person) — Newly appointed CEO and Board Member
- Signature Bank (company) — Previous employer of new CEO
- Gary L. Norcross (person) — Outgoing CEO, transitioning to Executive Chairman
FAQ
What is the effective date of Barry C. McCarthy's appointment as CEO?
Barry C. McCarthy's appointment as Chief Executive Officer is effective immediately as of August 14, 2024.
What was Barry C. McCarthy's previous role?
Barry C. McCarthy previously served as President and Chief Executive Officer of Signature Bank.
What will be Gary L. Norcross's new role?
Gary L. Norcross will transition from his role as CEO to become Executive Chairman.
When did the earliest event reported in this filing occur?
The earliest event reported in this filing occurred on August 14, 2024.
Will Barry C. McCarthy join the Board of Directors?
Yes, Barry C. McCarthy will join the Board of Directors of Deluxe Corporation.
Filing Stats: 389 words · 2 min read · ~1 pages · Grade level 11.5 · Accepted 2024-08-20 16:05:20
Key Financial Figures
- $1.00 — ch registered Common stock, par value $1.00 per share DLX NYSE Indicate by ch
Filing Documents
- tm2421943d1_8k.htm (8-K) — 22KB
- 0001104659-24-091268.txt ( ) — 188KB
- dlx-20240814.xsd (EX-101.SCH) — 3KB
- dlx-20240814_lab.xml (EX-101.LAB) — 33KB
- dlx-20240814_pre.xml (EX-101.PRE) — 22KB
- tm2421943d1_8k_htm.xml (XML) — 3KB
02 Departure of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 14, 2024, Chad P. Kurth, Deluxe Corporation's (the "Company") Principal Accounting Officer, notified the Company of his resignation, effective September 10, 2024.
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. Date: August 20, 2024 DELUXE CORPORATION /s/ Jeffrey L. Cotter Jeffrey L. Cotter Senior Vice President, Chief Administrative Officer and General Counsel 3