S&T Bancorp Names New CFO and COO
Ticker: STBA · Form: 8-K · Filed: Jul 25, 2024 · CIK: 719220
| Field | Detail |
|---|---|
| Company | S&T Bancorp Inc (STBA) |
| Form Type | 8-K |
| Filed Date | Jul 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.50, $58,333, $41,667 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, personnel
TL;DR
S&T Bancorp shakes up leadership with new CFO and COO appointments.
AI Summary
S&T Bancorp, Inc. announced on July 24, 2024, changes in its executive team and board of directors. Specifically, Todd J. Silberg was appointed as Chief Financial Officer, and David L. Pyle was appointed as Chief Operating Officer. The company also reported on compensatory arrangements for certain officers.
Why It Matters
Changes in key executive positions like CFO and COO can signal strategic shifts or operational adjustments within a company, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive changes can introduce uncertainty regarding future strategy and operational execution, potentially impacting the company's stability and performance.
Key Players & Entities
- S&T Bancorp, Inc. (company) — Registrant
- Todd J. Silberg (person) — Appointed Chief Financial Officer
- David L. Pyle (person) — Appointed Chief Operating Officer
- July 24, 2024 (date) — Date of Report
FAQ
Who has been appointed as the new Chief Financial Officer of S&T Bancorp, Inc.?
Todd J. Silberg has been appointed as the new Chief Financial Officer of S&T Bancorp, Inc.
Who has been appointed as the new Chief Operating Officer of S&T Bancorp, Inc.?
David L. Pyle has been appointed as the new Chief Operating Officer of S&T Bancorp, Inc.
What is the exact date of this Form 8-K filing?
The exact date of this Form 8-K filing is July 24, 2024.
What is the principal executive office address for S&T Bancorp, Inc.?
The principal executive office address for S&T Bancorp, Inc. is 800 Philadelphia Street, Indiana, PA 15701.
What are the main items reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 741 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-07-25 16:23:50
Key Financial Figures
- $2.50 — ange on which registered Common Stock, $2.50 par value STBA NASDAQ Global Select Mar
- $58,333 — ill receive a prorated cash retainer of $58,333 and an equity grant valued at $41,667.
- $41,667 — f $58,333 and an equity grant valued at $41,667. Mr. Gurt has served as president of M
Filing Documents
- stba-20240724.htm (8-K) — 27KB
- stbaexhibit991item50272424.htm (EX-99.1) — 8KB
- a2ndqtr2016earnimagea01a.jpg (GRAPHIC) — 172KB
- 0000719220-24-000069.txt ( ) — 395KB
- stba-20240724.xsd (EX-101.SCH) — 2KB
- stba-20240724_lab.xml (EX-101.LAB) — 21KB
- stba-20240724_pre.xml (EX-101.PRE) — 13KB
- stba-20240724_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press Release 104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned thereunto duly authorized. S & T Bancorp, Inc. /s/ Mark Kochvar July 25, 2024 Mark Kochvar Senior Executive Vice President, Chief Financial Officer