Glacier Bancorp Announces Executive and Director Changes
Ticker: GBCI · Form: 8-K · Filed: Nov 5, 2024 · CIK: 868671
Sentiment: neutral
Topics: executive-change, board-change, personnel
Related Tickers: GBCI
TL;DR
Glacier Bancorp CFO Randall Johnson takes over from Teresa Stage; new directors elected.
AI Summary
Glacier Bancorp, Inc. announced on October 30, 2024, changes in its executive and director roles. Specifically, Randall L. Johnson has been appointed as the new Chief Financial Officer, succeeding Teresa L. Stage. Additionally, the company elected new directors and updated its compensatory arrangements for certain officers.
Why It Matters
This filing indicates significant leadership transitions within Glacier Bancorp, which could impact the company's financial strategy and governance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty and affect strategic direction.
Key Players & Entities
- Glacier Bancorp, Inc. (company) — Registrant
- Randall L. Johnson (person) — Appointed Chief Financial Officer
- Teresa L. Stage (person) — Departing Chief Financial Officer
- October 30, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of Glacier Bancorp?
Randall L. Johnson has been appointed as the new Chief Financial Officer.
Who did Randall L. Johnson succeed as CFO?
Randall L. Johnson succeeded Teresa L. Stage as Chief Financial Officer.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is October 30, 2024.
What other items are covered in this 8-K filing besides officer changes?
This filing also covers the departure of directors, election of directors, and compensatory arrangements of certain officers.
What is the principal executive office address for Glacier Bancorp?
The address of the principal executive offices is 49 Commons Loop, Kalispell, Montana 59901.
Filing Stats: 1,387 words · 6 min read · ~5 pages · Grade level 12.9 · Accepted 2024-11-05 16:31:18
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value GBCI The New York Stock Excha
- $342,000 — e paid an initial annual base salary of $342,000. Each Executive will be eligible to par
Filing Documents
- gbci-20241030.htm (8-K) — 31KB
- 0000868671-24-000102.txt ( ) — 154KB
- 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 Appointment of Executive Officers On October 30, 2024, the Board of Directors (the "Board") of Glacier Bancorp, Inc. (the "Company" or "Glacier"), appointed Ryan Screnar to serve as an Executive Vice President and Chief Compliance Officer of the Company and Glacier Bank, the Company's wholly owned banking subsidiary (the "Bank"). Upon Don Chery's previously announced retirement, now planned for February 2025, Mr. Screnar will become Chief Administrative Officer of the Company and the Bank, replacing Mr. Chery in that position. As part of the transition, Mr. Screnar will continue to oversee the Bank's compliance functions as part of a realignment of certain responsibilities assigned to the Chief Administrative Officer. Certain other functions will be assigned to the expanded position of Executive Vice President and Chief Experience Officer, as further described below. Mr. Screnar, age 50, previously served as the Bank's Senior Vice President and Chief Compliance Officer since January 2022. Prior to taking the position of Senior Vice President and Chief Compliance Officer, Mr. Screnar held various positions with increasing responsibilities since joining the Bank as an Internal Auditor in the Internal Audit Department in May 2000, including as Audit Director from October 2000 until November 2016. Mr. Screnar is a 1996 graduate of University of Montana. He is also a 2005 graduate of Pacific Coast Banking School and a licensed CPA in the state of Montana. There are no family relationships, as defined in Item 401 of Regulation S-K, between Mr. Screnar and any of the Company's executive officers or directors or persons nominated or chosen to become a director or executive officer. There are no arrangements or understandings between Mr. Screnar and any other persons pursuant to which he was appointed to his position, and he has no direct or indirect mater
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 5, 2024 GLACIER BANCORP, INC. /s/ Randall M. Chesler By: Randall M. Chesler President and Chief Executive Officer