Wesbanco Inc. Reports Director and Officer Changes
Ticker: WSBCO · Form: 8-K · Filed: Apr 25, 2024 · CIK: 203596
Sentiment: neutral
Topics: leadership-change, corporate-governance
Related Tickers: WSBC
TL;DR
Wesbanco board shakeup incoming, check the details.
AI Summary
Wesbanco, Inc. filed an 8-K on April 25, 2024, reporting changes related to its directors and officers, including potential departures, elections, and appointments. The filing also covers compensatory arrangements for certain officers. Specific details regarding the individuals involved, the exact nature of the changes, and the financial implications of the compensatory arrangements are not provided in this excerpt.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership roles can introduce uncertainty and signal potential strategic shifts, which may carry inherent risks.
Key Players & Entities
- Wesbanco, Inc. (company) — Registrant
- April 25, 2024 (date) — Date of Report
- West Virginia (location) — State of Incorporation
FAQ
What specific changes are being reported regarding directors or officers?
The filing indicates potential departures of directors or certain officers, elections of directors, and appointments of certain officers, but the specific individuals and the nature of these changes are not detailed in this excerpt.
Are there any new compensatory arrangements being disclosed?
Yes, the filing mentions compensatory arrangements of certain officers as an item being reported, but the specifics of these arrangements are not provided in this excerpt.
When was this report filed with the SEC?
This Form 8-K was filed on April 25, 2024.
What is Wesbanco, Inc.'s primary business?
Wesbanco, Inc. is classified under NATIONAL COMMERCIAL BANKS [6021].
What is the company's principal executive office address?
The principal executive offices are located at 1 Bank Plaza, Wheeling, West Virginia 26003.
Filing Stats: 482 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-04-25 16:34:51
Key Financial Figures
- $2.0833 — ange on which registered Common Stock $2.0833 Par Value WSBC Nasdaq Global Select
Filing Documents
- wsbc-20240425.htm (8-K) — 37KB
- 0000950170-24-048405.txt ( ) — 173KB
- wsbc-20240425.xsd (EX-101.SCH) — 42KB
- wsbc-20240425_htm.xml (XML) — 6KB
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): April 25, 2024 WESBANCO, INC. (Exact name of Registrant as Specified in Its Charter) West Virginia 001-39442 55-0571723 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 1 Bank Plaza Wheeling , West Virginia 26003 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: 304 234-9000 Former Name or Former Address, if Changed Since Last Report: Not Applicable 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 Symbol(s) Name of each exchange on which registered Common Stock $2.0833 Par Value WSBC Nasdaq Global Select Market Depositary Shares (each representing 1/40th interest in a share of 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A) WSBCP Nasdaq Global Select Market 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. On April 25, 2024, Wesbanco, Inc. ("Wesbanco") disclosed that effective today, Anthony F. Pietranton, Senior Executive Vice President and Group Head – Human Resources and Facilities of Wesbanco will be taking a temporary leave of absence to address health issues. During Mr. Pietranton's leave of absence, Wesbanco has named, Wesbanco's current Executive Vice President – Human Resources, Kimberly Griffith as Interim Executive Vice President and Group Head – Human Resources and Facilities. Ms. Griffith, age 56, has held various roles within Human Resources of the Company since 2006. 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 thereunto duly authorized. Wesbanco, Inc. (registrant) Date: April 25, 2024 /s/ Daniel K. Weiss, Jr. Daniel K. Weiss, Jr. Executive Vice President and Chief Financial Officer