Webster Financial Registers Common & Preferred Stock on NYSE

TL;DR

**WBS common and preferred stock are officially registered on the NYSE as of Jan 30, 2024.**

AI Summary

Webster Financial Corporation filed an 8-K on January 30, 2024, to report the registration of its Common Stock, par value $0.01 per share, under the trading symbol WBS on the New York Stock Exchange. This filing also confirms the registration of its Series F Preferred Stock and Series G Preferred Stock. This matters to investors because it formally acknowledges the listing of their common stock and preferred stock on a major exchange, providing transparency and liquidity for their holdings.

Why It Matters

This filing confirms the official listing of Webster Financial's common and preferred stock on the New York Stock Exchange, which is crucial for market transparency and investor confidence.

Risk Assessment

Risk Level: low — This filing is a routine administrative update regarding stock registration and does not introduce new financial risks.

Analyst Insight

A smart investor would note this routine administrative filing confirms the listing status of WBS stock, ensuring continued market access and liquidity, but it doesn't signal any immediate operational or financial changes requiring action.

Key Numbers

• $0.01 — Par value per share (for Webster Financial Corporation's Common Stock)

Key Players & Entities

• WEBSTER FINANCIAL CORPORATION (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — the exchange where WBS stock is registered
• $0.01 (dollar_amount) — par value per share of Common Stock
• WBS (company) — trading symbol for Common Stock
• January 30, 2024 (date) — date of earliest event reported and filing date

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share WBS New York Stock Exchange
• $900,000 — annual base salary will be increased to $900,000. The Company will also enter into a new
• $50,000 — cement services up to a maximum cost of $50,000. The payments and benefits provided und

Filing Documents

• wbs-20240130.htm (8-K) — 40KB
• 0000801337-24-000005.txt ( ) — 222KB
• wbs-20240130.xsd (EX-101.SCH) — 2KB
• wbs-20240130_def.xml (EX-101.DEF) — 17KB
• wbs-20240130_lab.xml (EX-101.LAB) — 33KB
• wbs-20240130_pre.xml (EX-101.PRE) — 18KB
• wbs-20240130_htm.xml (XML) — 5KB

From the Filing

wbs-20240130 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 8-K _________________________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 30, 2024 _________________________ WEBSTER FINANCIAL CORPORATION _________________________________________ (Exact name of registrant as specified in its charter) Delaware 001-31486 06-1187536 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 200 Elm Street , Stamford , Connecticut 06902 (Address and zip code of principal executive offices) 203 - 578-2202 (Registrant's telephone number, including area code) ______________________________________________________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbols Name of each exchange on which registered Common Stock, par value $0.01 per share WBS New York Stock Exchange Depositary Shares, each representing 1/1000th interest in a share of 5.25% Series F Non-Cumulative Perpetual Preferred Stock WBS-PrF New York Stock Exchange Depositary Shares, each representing 1/40th interest in a share of 6.50% Series G Non-Cumulative Perpetual Preferred Stock WBS-PrG New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Officer Appointments On January 24, 2024, Webster Financial Corporation (the " Company ") appointed Luis Massiani, currently President and Chief Operating Officer of Webster Bank, N.A. (the " Bank "), as the Company's President and Chief Operating Officer, effective as of February 1, 2024, to serve in such capacity until his successor is duly appointed, or his earlier termination, resignation, death or removal from office. Mr. Massiani will continue to serve as Chief Operating Officer and Senior Executive Vice President of the Bank. Also effective February 1, 2024, John Ciulla, currently President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank, will assume the role of President of the Bank. Mr. Cuilla will continue to serve as Chief Executive Officer of both the Company and the Bank. The full biographical information and business experience of both Mr. Ciulla and Mr. Massiani, ages 58 and 46, respectively, are described under the headings "Election of Directors" and "Executive Officers", respectively, in the Company's Definitive Proxy Statement on Schedule 14A (the " Proxy Statement ") filed with the U.S. Securities and Exchange Commission on March 15, 2023. Effective February 12, 2024, Mr. Massiani's annual base salary will be increased to $900,000. The Company will also enter into a new Change in Control and Non-Competition Agreement with Mr. Massiani in connection with the pending expiration of his existing Retention Agreement, as described below. There were no new compensatory arrangements or modifications to existing compensatory arrangements entered into with Mr. Ciulla in connection with his appointment. There are no arrangements or understandings between either Mr. Ciulla or Mr. Massiani and any other persons pursuant to which they were appointed to their respective positions. Neither Mr. Ciulla nor Mr. Massiani has a family relationship with any director or executive officer of the Company, and neither has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Chairman Transition As previously disclosed, in connection with Webster's merger with Sterling Bancorp (the " Merger "), on January 31, 2022, Jack L. Kopnisky was appointed Executive Chairman of the Company's and the Bank's Boards of Directors (together, the

View Full Filing

View this 8-K filing on SEC EDGAR