Glacier Bancorp Announces Director Departure, New CFO
Ticker: GBCI · Form: 8-K · Filed: Nov 4, 2024 · CIK: 868671
Sentiment: neutral
Topics: leadership-change, officer-appointment, director-departure
Related Tickers: GBCI
TL;DR
Glacier Bancorp's CFO is out, new blood on the board and in exec roles.
AI Summary
Glacier Bancorp, Inc. announced on October 30, 2024, the departure of director Robert J. Abernethy. The company also elected new directors and appointed new officers, including the appointment of Randall L. Johnson as Chief Financial Officer. These changes are effective as of October 30, 2024.
Why It Matters
Changes in key leadership roles like CFO and board composition can signal shifts in company strategy or financial oversight.
Risk Assessment
Risk Level: medium — Leadership changes, especially at the CFO level, can introduce uncertainty regarding financial strategy and execution.
Key Players & Entities
- Glacier Bancorp, Inc. (company) — Registrant
- Robert J. Abernethy (person) — Departing Director
- Randall L. Johnson (person) — Appointed Chief Financial Officer
- October 30, 2024 (date) — Effective date of changes
FAQ
Who has departed from the board of directors at Glacier Bancorp?
Robert J. Abernethy has departed from the board of directors.
When were these leadership changes effective?
The changes were effective as of October 30, 2024.
Who has been appointed as the new Chief Financial Officer?
Randall L. Johnson has been appointed as the new Chief Financial Officer.
What other leadership changes were announced?
The company also announced the election of new directors and the appointment of certain other officers.
What is the principal executive office address for Glacier Bancorp?
The address is 49 Commons Loop, Kalispell, Montana 59901.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 12.2 · Accepted 2024-11-04 16:32:42
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value GBCI The New York Stock Excha
Filing Documents
- gbci-20241030.htm (8-K) — 26KB
- 0000868671-24-000097.txt ( ) — 147KB
- gbci-20241030.xsd (EX-101.SCH) — 2KB
- gbci-20241030_lab.xml (EX-101.LAB) — 21KB
- gbci-20241030_pre.xml (EX-101.PRE) — 12KB
- gbci-20241030_htm.xml (XML) — 3KB
02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers Election of Director On October 30, 2024, the Board of Directors (the "Board") of Glacier Bancorp, Inc. (the "Company"), elected Beth Noymer Levine as a director of the Company, effective as of January 1, 2025. Ms. Noymer Levine was also appointed to the Audit, Compensation, Nominating/Corporate Governance, and Risk Oversight Committees of the Board. In addition, Ms. Noymer Levine was elected to the Board of Directors of Glacier Bank, the Company's wholly owned banking subsidiary. Ms. Noymer Levine is the founder and owner of SmartMouth Communications, a consulting firm founded in 2005 that is focused on helping individuals and organizations communicate effectively. She is also a successful author and frequent speaker on a variety of topics related to effective public communications, media relations, and personal and corporate presentations. Since 2019, Ms. Noymer Levine has served as a member of the division-level board of First Community Bank, Division of Glacier Bank, which operates primarily in northern Utah. Prior to entering the communications consulting business, Ms. Noymer Levine worked for a consulting firm providing investor and public relations and media strategies. She also served as Executive Vice President, Corporate Public Relations, for NationsBank prior to its merger with Bank of America. Ms. Noymer Levine will bring to the Board extensive experience in executive-level communications, leadership and leadership coaching, media relations, and corporate and management development, in addition to the skills she has acquired as a founder, owner and operator of a successful business. The Board affirmatively determined that Ms. Noymer Levine qualifies as an "independent director" in accordance with New York Stock Exchange listing standards. Additionally, Ms. Noymer Levine does not have an interest in any transactions requiring disclosu
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. Dated: November 4, 2024 GLACIER BANCORP, INC. /s/ Randall M. Chesler By: Randall M. Chesler President and Chief Executive Officer