Eagle Bancorp Appoints New CFO, McGarry
Ticker: EGBN · Form: 8-K · Filed: Aug 16, 2024 · CIK: 1050441
Sentiment: neutral
Topics: executive-appointment, cfo-transition
TL;DR
Eagle Bancorp names new CFO, McGarry, starting Sept 3. Paolillo moves to advisor.
AI Summary
Eagle Bancorp, Inc. announced on August 16, 2024, the appointment of Michael J. McGarry as Chief Financial Officer, effective September 3, 2024. McGarry will succeed Robert L. Paolillo, who will transition to a senior advisory role. McGarry previously served as Executive Vice President and Chief Financial Officer at Provident Bank.
Why It Matters
A change in CFO can impact investor confidence and the company's financial strategy. The transition to a senior advisory role for the outgoing CFO suggests a planned and potentially smooth handover.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and transition, which typically carries low risk.
Key Players & Entities
- Eagle Bancorp, Inc. (company) — Registrant
- Michael J. McGarry (person) — Appointed Chief Financial Officer
- September 3, 2024 (date) — Effective date of new CFO appointment
- Robert L. Paolillo (person) — Outgoing Chief Financial Officer
- Provident Bank (company) — Previous employer of new CFO
FAQ
Who is the new Chief Financial Officer of Eagle Bancorp, Inc.?
Michael J. McGarry has been appointed as the new Chief Financial Officer of Eagle Bancorp, Inc.
When does Michael J. McGarry's appointment as CFO become effective?
Michael J. McGarry's appointment as CFO is effective September 3, 2024.
What will be the role of the current CFO, Robert L. Paolillo?
Robert L. Paolillo will transition to a senior advisory role.
What was Michael J. McGarry's previous position?
Michael J. McGarry previously served as Executive Vice President and Chief Financial Officer at Provident Bank.
What is the exact date of this 8-K filing?
The date of the report is August 16, 2024.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-08-16 16:04:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value EGBN The Nasdaq Stock Market
Filing Documents
- gnw-20240816.htm (8-K) — 32KB
- ccopressreleasedraft8132.htm (EX-99.1) — 5KB
- ccopressreleasedraft8132001.jpg (GRAPHIC) — 198KB
- ccopressreleasedraft8132002.jpg (GRAPHIC) — 101KB
- 0001050441-24-000121.txt ( ) — 574KB
- gnw-20240816.xsd (EX-101.SCH) — 2KB
- gnw-20240816_lab.xml (EX-101.LAB) — 21KB
- gnw-20240816_pre.xml (EX-101.PRE) — 12KB
- gnw-20240816_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On August 16, 2024, the Company issued a press release announcing Ms. Williams's planned retirement from the Bank and Mr. Geoghegan's appointment as Chief Credit Officer. A copy of the press release is attached hereto as Exhibit 99.1. 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 August 16, 2024, announcing the planned retirement of Janice Williams and the appointment of Kevin Geoghegan. 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: August 16, 2024 By: /s/ Eric R. Newell Eric R. Newell Executive Vice President, Chief Financial Officer