Eagle Bancorp Appoints New CFO, Grants Stock

TL;DR

Eagle Bancorp names new CFO, McEvoy starts Aug 5 with $350k salary + stock grant.

AI Summary

Eagle Bancorp, Inc. announced on July 26, 2024, the appointment of Michael J. McEvoy as Chief Financial Officer, effective August 5, 2024. McEvoy will receive an annual base salary of $350,000 and will be eligible for an annual bonus. He will also receive a one-time grant of 50,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $350,000 — CFO Annual Salary (New CFO Michael J. McEvoy's base compensation.)
• 50,000 — RSUs Granted (Stock units granted to the new CFO, vesting over three years.)

Key Players & Entities

• Eagle Bancorp, Inc. (company) — Registrant
• Michael J. McEvoy (person) — Appointed Chief Financial Officer
• $350,000 (dollar_amount) — Annual base salary for new CFO
• 50,000 (dollar_amount) — Restricted stock units granted to new CFO
• August 5, 2024 (date) — Effective date for new CFO
• July 26, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value EGBN The Nasdaq Stock Market

Filing Documents

• gnw-20240726.htm (8-K) — 35KB
• v4petemathewspressreleas.htm (EX-99.1) — 5KB
• v4petemathewspressreleas001.jpg (GRAPHIC) — 207KB
• v4petemathewspressreleas002.jpg (GRAPHIC) — 145KB
• 0001050441-24-000109.txt ( ) — 651KB
• gnw-20240726.xsd (EX-101.SCH) — 2KB
• gnw-20240726_lab.xml (EX-101.LAB) — 21KB
• gnw-20240726_pre.xml (EX-101.PRE) — 12KB
• gnw-20240726_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On July 30, 2024, the Company issued a press release announcing the appointment of Mr. Mathews to the Board. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. The information contained in this Current Report on Form 8-K that is furnished under this Item 7.01, including the accompanying Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section. The information contained in this Current Report on Form 8-K that is furnished under this Item 7.01, including the accompanying Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.

01. Exhibits

Item 9.01. Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release of Eagle Bancorp, Inc., dated July 30, 2024, announcing the election of Pete Mathews to the Company's Board of Directors. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. EAGLE BANCORP INC. Date: July 30, 2024 By: /s/ Eric R. Newell Eric R. Newell Executive Vice President, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR