FCF Board and Executive Compensation Changes Announced
Ticker: FCF · Form: 8-K · Filed: Aug 2, 2024 · CIK: 712537
| Field | Detail |
|---|---|
| Company | First Commonwealth Financial CORP /Pa/ (FCF) |
| Form Type | 8-K |
| Filed Date | Aug 2, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.00, $424,000, $169,600 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, board-of-directors
Related Tickers: FCF
TL;DR
FCF shakes up board, adjusts exec pay. Big changes coming?
AI Summary
First Commonwealth Financial Corp. announced on July 29, 2024, changes in its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names of departing and newly elected individuals, along with details of their compensation packages, are provided within the document.
Why It Matters
Changes in corporate leadership and executive compensation can signal shifts in company strategy and financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may affect the company's future performance and stability.
Key Numbers
- 001-11138 — SEC File Number (Identifies the company's filing with the SEC.)
- 25-1428528 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- First Commonwealth Financial Corp. (company) — Registrant
- Pennsylvania (location) — State of incorporation
- July 29, 2024 (date) — Date of earliest event reported
FAQ
Who are the specific officers and directors departing from First Commonwealth Financial Corp. as of July 29, 2024?
The filing indicates the departure of certain officers and directors, but the specific names are detailed within the full document under the relevant sections regarding director and officer changes.
What are the key changes in the compensatory arrangements for the officers mentioned in the filing?
The filing states that there are updates to compensatory arrangements for certain officers; specific details regarding these changes are elaborated within the document's sections on compensation.
When was the earliest event reported in this Form 8-K filing?
The earliest event reported in this Form 8-K filing was on July 29, 2024.
What is the principal executive office address for First Commonwealth Financial Corp.?
The principal executive office address for First Commonwealth Financial Corp. is 601 Philadelphia Street, Indiana, PA 15701.
What is the SIC code for First Commonwealth Financial Corp.?
The Standard Industrial Classification (SIC) code for First Commonwealth Financial Corp. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.
Filing Stats: 680 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-08-02 16:09:12
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value FCF New York Stock Exchange
- $424,000 — mployment at the current salary rate of $424,000 and provide healthcare continuation cov
- $169,600 — l Incentive Plan at the target level of $169,600 on January 15, 2025 and pay cash in an
Filing Documents
- fcf-20240729.htm (8-K) — 28KB
- fcf-ex991_20240729.htm (EX-99.1) — 10KB
- image.jpg (GRAPHIC) — 49KB
- 0000712537-24-000097.txt ( ) — 269KB
- fcf-20240729.xsd (EX-101.SCH) — 3KB
- fcf-20240729_def.xml (EX-101.DEF) — 15KB
- fcf-20240729_lab.xml (EX-101.LAB) — 27KB
- fcf-20240729_pre.xml (EX-101.PRE) — 16KB
- fcf-20240729_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits 99.1 Press Release dated August 2, 2024 Announcing the Retirement of Brian Karrip and the Appointment of Brian Sohocki as Chief Credit 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: August 2, 2024 FIRST COMMONWEALTH FINANCIAL CORPORATION By: /s/ James R. Reske Name: James R. Reske Title: Executive Vice President, Chief Financial Officer and Treasurer