F.N.B. CORPORATION (NYSE:FNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 9, 2017, F.N.B. Corporation named Jim Dutey, 43, as Senior Vice President. Mr. Dutey will succeed to the positions of Corporate Controller and Principal Accounting Officer, effective upon the retirement of Timothy G. Rubritz, the incumbent Corporate Controller and Principal Accounting Officer. Mr. Rubritz will retire from F.N.B. in April 2017.

Mr. Dutey joins F.N.B. with more than 20 years of accounting experience in the banking and financial services sectors. During the past 12 years, Mr. Dutey has served in various senior management roles at Huntington Bancshares, Inc., including most recently as Assistant Corporate Controller, with a primary focus on SEC and bank regulatory financial reporting requirements. Prior to joining Huntington Bancshares, Inc., Mr. Dutey was employed at KPMG LLP, ending his tenure there as senior manager for the assurance practice, primarily serving the banking industry. He holds a Bachelor of Business Administration in Accounting from Marshall University and is a Certified Public Accountant in the State of Ohio.

Mr. Dutey received a $75,000 signing bonus and a relocation allowance of $60,000 in connection with his appointment. He will also receive a buy-out award of restricted stock having an approximate value of $200,000 in connection with the treatment of stock-based awards by his previous employer. His base salary and incentive award opportunities under F.N.B.’s Long-Term Incentive Plan and Short-Term Incentive Plan are consistent with those afforded to the incumbent Corporate Controller and Principal Accounting Officer.

There are no arrangements or understandings between Mr. Dutey and any other person as it relates to his appointment to the offices referenced above. Mr. Dutey does not have a family relationship with any member of the Board of Directors of F.N.B. or any executive officer of F.N.B., nor does he have a material direct or indirect interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

About F.N.B. CORPORATION (NYSE:FNB)

F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans. It operates its Community Banking business through a network of over 290 branches in Pennsylvania, Ohio, Maryland and West Virginia. Its Wealth Management segment delivers wealth management services to individuals, corporations and retirement funds, as well as existing customers of Community Banking. The Company’s Insurance segment operates principally through First National Insurance Agency, LLC (FNIA), which is a subsidiary of the Corporation. Its Consumer Finance segment operates through its subsidiary, Regency Finance Company. It also operates other non-banking subsidiaries.

F.N.B. CORPORATION (NYSE:FNB) Recent Trading Information

F.N.B. CORPORATION (NYSE:FNB) closed its last trading session down -0.30 at 15.40 with 4,699,017 shares trading hands.