Northwest Bancshares Completes Acquisition, Reports Officer Changes

Ticker: NWBI · Form: 8-K · Filed: 2025-07-28T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, management-change, financials

Related Tickers: NWBI

TL;DR

NWBI closed a deal, shuffled execs, and filed financials. Big moves ahead.

AI Summary

Northwest Bancshares, Inc. announced on July 28, 2025, the completion of an acquisition, though specific details regarding the acquired entity or the transaction value are not provided in this filing. The report also notes changes in the board of directors and certain officer positions, along with the appointment of new officers and details on compensatory arrangements. Additionally, the company reported other events and filed financial statements and exhibits.

Why It Matters

This filing signals a significant corporate event with the completion of an acquisition, which could impact the company's market position and financial performance. Changes in leadership and compensation arrangements also suggest internal strategic shifts.

Risk Assessment

Risk Level: medium — The filing indicates a significant corporate event (acquisition) and changes in leadership, which inherently carry integration and strategic risks.

Key Players & Entities

FAQ

What was the nature of the acquisition completed by Northwest Bancshares, Inc.?

The filing states that Northwest Bancshares, Inc. completed an acquisition or disposition of assets, but does not provide specific details about the acquired entity or the transaction.

When was the acquisition officially completed?

The acquisition was completed on July 25, 2025, as indicated by the date of the earliest event reported.

What other significant events are reported in this 8-K filing?

The filing also reports the departure of directors or certain officers, the election of directors, the appointment of certain officers, compensatory arrangements of certain officers, and other events.

What is the principal executive office address for Northwest Bancshares, Inc.?

The principal executive office is located at 3 Easton Oval Suite 500, Columbus, Ohio, 43219.

What is the SIC code for Northwest Bancshares, Inc.?

The Standard Industrial Classification (SIC) code for Northwest Bancshares, Inc. is 6021, which corresponds to NATIONAL COMMERCIAL BANKS.

From the Filing

0001471265-25-000123.txt : 20250728 0001471265-25-000123.hdr.sgml : 20250728 20250728073135 ACCESSION NUMBER: 0001471265-25-000123 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250725 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250728 DATE AS OF CHANGE: 20250728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northwest Bancshares, Inc. CENTRAL INDEX KEY: 0001471265 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance EIN: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34582 FILM NUMBER: 251152943 BUSINESS ADDRESS: STREET 1: 100 LIBERTY STREET CITY: WARREN STATE: PA ZIP: 16365 BUSINESS PHONE: (814) 726-2140 MAIL ADDRESS: STREET 1: 100 LIBERTY STREET CITY: WARREN STATE: PA ZIP: 16365 8-K 1 nwbi-20250725.htm 8-K nwbi-20250725 0001471265 false 0001471265 2025-07-28 2025-07-28 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):  July 28, 2025 ( July 25, 2025 )   Northwest Bancshares, Inc. (Exact name of registrant as specified in its charter)   Maryland   001-34582   27-0950358 (State or other jurisdiction of incorporation)   (Commission File No.)   (I.R.S. Employer Identification No.)   3 Easton Oval Suite 500 Columbus Ohio   43219 (Address of principal executive office)   (Zip code)   ( 814 ) 726-2140 (Registrant’s telephone number, including area code)    Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K 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, 0.01 Par Value NWBI NASDAQ Stock Market, LLC Indicate by a 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 2.01 Completion of Acquisition or Disposition of Assets On July 25, 2025, Northwest Bancshares, Inc. a Maryland corporation (“Northwest”), completed its previously announced merger with Penns Woods Bancorp, Inc., a Pennsylvania corporation (“Penns Woods”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) dated December 16, 2024. At the effective time of the merger (the “Effective Time”), Penns Woods merged with and into North

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