Northwest Bancshares Files 8-K on Officer Changes and Compensation
Ticker: NWBI · Form: 8-K · Filed: 2024-02-26T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation, 8-K
Related Tickers: NWBI
TL;DR
**NWBI just dropped an 8-K about executive changes and pay, keep an eye on leadership shifts!**
AI Summary
Northwest Bancshares, Inc. filed an 8-K on February 26, 2024, reporting on the departure or election of directors and officers, as well as compensatory arrangements. The filing also covers other events and financial statements and exhibits. The company, based in Warren, PA, operates as a national commercial bank.
Why It Matters
This filing provides transparency into leadership changes and executive compensation, which can influence investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The 8-K filing is a routine disclosure of corporate events and does not inherently indicate high risk.
Key Players & Entities
- Northwest Bancshares, Inc. (company) — Registrant
- February 26, 2024 (date) — Date of earliest event reported and filing date
- Maryland (company) — State of incorporation
- Warren, PA (company) — Business address city and state
- 001-34582 (company) — Commission File No.
FAQ
What is the purpose of this 8-K filing by Northwest Bancshares, Inc.?
The 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, other events, and financial statements and exhibits.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 26, 2024.
What is the state of incorporation for Northwest Bancshares, Inc.?
Northwest Bancshares, Inc. is incorporated in Maryland.
What is the business address of Northwest Bancshares, Inc.?
The business address of Northwest Bancshares, Inc. is 100 Liberty Street, Warren, PA 16365.
What is the Commission File Number for Northwest Bancshares, Inc.?
The Commission File Number for Northwest Bancshares, Inc. is 001-34582.
Filing Stats: 862 words · 3 min read · ~3 pages · Grade level 10.5 · Accepted 2024-02-26 16:02:50
Key Financial Figures
- $600,000 — chosser is entitled to a base salary of $600,000. The Employment Agreement provides for
Filing Documents
- nwbi-20240226.htm (8-K) — 34KB
- employmentagreementfinal.htm (EX-10.1) — 43KB
- schosserchieffinancialof.htm (EX-99.1) — 5KB
- employmentagreementfinal001.jpg (GRAPHIC) — 235KB
- employmentagreementfinal002.jpg (GRAPHIC) — 271KB
- employmentagreementfinal003.jpg (GRAPHIC) — 207KB
- employmentagreementfinal004.jpg (GRAPHIC) — 216KB
- employmentagreementfinal005.jpg (GRAPHIC) — 243KB
- employmentagreementfinal006.jpg (GRAPHIC) — 279KB
- employmentagreementfinal007.jpg (GRAPHIC) — 256KB
- employmentagreementfinal008.jpg (GRAPHIC) — 263KB
- employmentagreementfinal009.jpg (GRAPHIC) — 306KB
- employmentagreementfinal010.jpg (GRAPHIC) — 205KB
- employmentagreementfinal011.jpg (GRAPHIC) — 206KB
- employmentagreementfinal012.jpg (GRAPHIC) — 122KB
- employmentagreementfinal013.jpg (GRAPHIC) — 58KB
- schosserchieffinancialof001.jpg (GRAPHIC) — 188KB
- schosserchieffinancialof002.jpg (GRAPHIC) — 202KB
- 0001471265-24-000011.txt ( ) — 4720KB
- nwbi-20240226.xsd (EX-101.SCH) — 2KB
- nwbi-20240226_lab.xml (EX-101.LAB) — 25KB
- nwbi-20240226_pre.xml (EX-101.PRE) — 13KB
- nwbi-20240226_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On February 26, 2024, the Company issued a press release announcing the appointment of Mr. Schosser as Chief Financial Officer. A copy of the release is included as exhibit 99.1 to this report.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Employment Agreement by and between Northwest Bank, Northwest Bancshares, Inc. and Douglas M. Schosser 99.1 Press Release dated February 26, 2024
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. NORTHWEST BANCSHARES, INC. Date: February 26, 2024 By: /s/ Louis J. Torchio Louis J. Torchio President and Chief Executive Officer (Principal Executive Officer)