Webster Financial Corp Files 8-K on Director/Officer Changes

TL;DR

Webster Financial Corp filed an 8-K for director/officer changes and compensation. No specific numbers yet.

AI Summary

On March 25, 2024, Webster Financial Corporation filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing also includes financial statements and exhibits, though specific financial figures or names of departing/appointed individuals are not detailed in the provided text.

Why It Matters

This filing indicates potential shifts in corporate governance and executive compensation strategies at Webster Financial Corp, which could influence investor confidence and future business operations.

Risk Assessment

Risk Level: low — The filing is a standard corporate disclosure without immediate negative financial implications.

Key Players & Entities

• WEBSTER FINANCIAL CORP (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 200 Elm Street, Stamford, Connecticut 06902 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share WBS New York Stock Exchan

Filing Documents

• d806166d8k.htm (8-K) — 28KB
• d806166dex991.htm (EX-99.1) — 6KB
• g806166g0325130023076.jpg (GRAPHIC) — 7KB
• 0001193125-24-076578.txt ( ) — 204KB
• wbs-20240325.xsd (EX-101.SCH) — 4KB
• wbs-20240325_def.xml (EX-101.DEF) — 13KB
• wbs-20240325_lab.xml (EX-101.LAB) — 22KB
• wbs-20240325_pre.xml (EX-101.PRE) — 14KB
• d806166d8k_htm.xml (XML) — 7KB

From the Filing

8-K 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): March 25, 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. Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 25, 2024, Webster Financial Corporation ("Webster" or the Company") announced that Glenn MacInnes has informed the Company of his intent to retire from his position as Executive Vice President and Chief Financial Officer after 13 years of distinguished service and leadership with the Company. The Company is conducting a process to identify his successor. Mr. MacInnes and the Company plan for him to remain as Chief Financial Officer until his successor is in place, and as an advisor to the Company for a period thereafter to ensure a smooth transition. A copy of the press release announcing the retirement of Mr. MacInnes is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item9.01. Financial Statements and Exhibits (d) Exhibits. 99.1 Press release dated March 25, 2024. 104 Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). -2- SIGNATURE 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. WEBSTER FINANCIAL CORPORATION (Registrant) Date: March 25, 2024 /s/ Kristy Berner Kristy Berner Executive Vice President and General Counsel -3-

View Full Filing

View this 8-K filing on SEC EDGAR