First Commonwealth Financial Appoints New CFO
Ticker: FCF · Form: 8-K · Filed: Jul 1, 2024 · CIK: 712537
| Field | Detail |
|---|---|
| Company | First Commonwealth Financial CORP /Pa/ (FCF) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00, $439,875 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo
Related Tickers: FCF
TL;DR
FCF names Michael Saccani as new CFO, effective immediately.
AI Summary
On July 1, 2024, First Commonwealth Financial Corp. announced the appointment of Michael R. Saccani as Executive Vice President and Chief Financial Officer, effective immediately. Saccani will also serve as Principal Financial Officer. He previously held the position of Senior Vice President and Corporate Controller.
Why It Matters
The appointment of a new Chief Financial Officer is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment, not a significant financial event or strategic shift.
Key Players & Entities
- First Commonwealth Financial Corp. (company) — Registrant
- Michael R. Saccani (person) — Appointed Executive Vice President and Chief Financial Officer
- July 1, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of First Commonwealth Financial Corp.?
Michael R. Saccani has been appointed as the new Executive Vice President and Chief Financial Officer.
When is the appointment of Michael R. Saccani effective?
The appointment is effective immediately as of July 1, 2024.
What was Michael R. Saccani's previous role at First Commonwealth Financial Corp.?
Michael R. Saccani previously served as Senior Vice President and Corporate Controller.
In addition to CFO, what other principal role will Michael R. Saccani hold?
Michael R. Saccani will also serve as the Principal Financial Officer.
What is the primary purpose of this Form 8-K filing?
This Form 8-K filing is to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as other events.
Filing Stats: 1,074 words · 4 min read · ~4 pages · Grade level 11.9 · Accepted 2024-07-01 16:07:49
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value FCF New York Stock Exchange
- $439,875 — Officer with an initial base salary of $439,875 and participation in such short-term an
Filing Documents
- fcf-20240701.htm (8-K) — 32KB
- fcf-ex991_20240701.htm (EX-99.1) — 10KB
- image.jpg (GRAPHIC) — 49KB
- image1.jpg (GRAPHIC) — 51KB
- 0000712537-24-000091.txt ( ) — 344KB
- fcf-20240701.xsd (EX-101.SCH) — 3KB
- fcf-20240701_def.xml (EX-101.DEF) — 15KB
- fcf-20240701_lab.xml (EX-101.LAB) — 27KB
- fcf-20240701_pre.xml (EX-101.PRE) — 16KB
- fcf-20240701_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On July 1, 2024, the Company issued a press release announcing the appointment of Michael P. McCuen as Executive Vice President and Chief Lending Officer of the Company and First Commonwealth Bank.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits 99.1 Press Release dated July 1, 2024 announcing the appointment of Michael P. McCuen as Executive Vice President and Chief Lending Officer. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
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. Dated: July 1, 2024 FIRST COMMONWEALTH FINANCIAL CORPORATION By: /s/ James R. Reske Name: James R. Reske Title: Executive Vice President, Chief Financial Officer and Treasurer