FULTON FINANCIAL REPORTS EXECUTIVE COMPENSATION CHANGES
Ticker: FULTP · Form: 8-K · Filed: Feb 9, 2024 · CIK: 700564
| Field | Detail |
|---|---|
| Company | Fulton Financial Corp (FULTP) |
| Form Type | 8-K |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2.50, $325,000, $500,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance
TL;DR
**FULTON FINANCIAL just updated executive pay, watch for impact on future performance.**
AI Summary
Fulton Financial Corporation filed an 8-K on February 9, 2024, reporting changes in compensatory arrangements for certain officers. This filing indicates potential adjustments to executive pay structures, which could impact the company's operational expenses and executive incentives. For investors, this matters because changes in compensation can influence executive retention, motivation, and ultimately, the company's financial performance and shareholder value.
Why It Matters
Changes in executive compensation can affect a company's financial health and its ability to attract and retain top talent, directly influencing long-term stock performance.
Risk Assessment
Risk Level: low — This filing is informational regarding executive compensation and does not indicate immediate financial distress or significant operational changes.
Analyst Insight
A smart investor would monitor future filings, particularly proxy statements, for detailed information on the specific changes to executive compensation to assess potential impacts on company expenses and executive incentives.
Key Numbers
- $2.50 — Common stock par value (This is the stated par value per share for Fulton Financial Corporation's common stock.)
Key Players & Entities
- Fulton Financial Corporation (company) — the registrant filing the 8-K
- February 9, 2024 (date) — date of earliest event reported and filing date
- Pennsylvania (company) — state of incorporation for Fulton Financial Corporation
- 001-39680 (company) — Commission File Number for Fulton Financial Corporation
- 23-2195389 (company) — I.R.S. Employer Identification No. for Fulton Financial Corporation
- One Penn Square, P.O. Box 4887 Lancaster, Pennsylvania 17604 (company) — Address of Principal Executive Offices for Fulton Financial Corporation
- (717) 291-2411 (company) — Registrant’s telephone number for Fulton Financial Corporation
- FULT (company) — Trading Symbol for Common stock of Fulton Financial Corporation
- The Nasdaq Stock Market, LLC (company) — Exchange on which Common stock of Fulton Financial Corporation is registered
- $2.50 (dollar_amount) — par value of Common stock of Fulton Financial Corporation
Forward-Looking Statements
- Fulton Financial Corporation will likely provide more detailed information on the specific changes to compensatory arrangements in future filings or proxy statements. (Fulton Financial Corporation) — high confidence, target: 2024-04-30
FAQ
What was the specific event reported in this 8-K filing by Fulton Financial Corporation?
The specific event reported in this 8-K filing by Fulton Financial Corporation on February 9, 2024, was related to 'Compensatory Arrangements of Certain Officers'.
What is the trading symbol and the exchange where Fulton Financial Corporation's common stock is registered?
Fulton Financial Corporation's common stock trades under the symbol 'FULT' on The Nasdaq Stock Market, LLC.
What is the par value of Fulton Financial Corporation's common stock?
The par value of Fulton Financial Corporation's common stock is $2.50.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 9, 2024.
What is the full business address of Fulton Financial Corporation as stated in the filing?
The full business address of Fulton Financial Corporation is One Penn Square, P.O. Box 4887, Lancaster, Pennsylvania, 17604.
Filing Stats: 903 words · 4 min read · ~3 pages · Grade level 11.8 · Accepted 2024-02-09 16:11:02
Key Financial Figures
- $2.50 — ich registered Common stock, par value $2.50 FULT The Nasdaq Stock Market, LLC
- $325,000 — Company will agree to pay Mr. McCollom $325,000, and the Separation Agreement will cont
- $500,000 — her annual base salary was increased to $500,000. Ms. Chivinski will continue to be elig
Filing Documents
- d745003d8k.htm (8-K) — 28KB
- 0001193125-24-029965.txt ( ) — 184KB
- fult-20240209.xsd (EX-101.SCH) — 4KB
- fult-20240209_def.xml (EX-101.DEF) — 13KB
- fult-20240209_lab.xml (EX-101.LAB) — 22KB
- fult-20240209_pre.xml (EX-101.PRE) — 14KB
- d745003d8k_htm.xml (XML) — 6KB
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: February 9, 2024 FULTON FINANCIAL CORPORATION By: /s/ Curtis J. Myers Curtis J. Myers Chairman and Chief Executive Officer