Boston Private Financial Holdings, Inc. (NASDAQ:BPFHP) 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 February 28, 2019, each of David J. Kaye, Executive Vice President of Boston Private Financial Holdings, Inc. (the “Company”), and Corey A. Griffin, Executive Vice President of the Company, announced his intention to depart from the Company, effective on March 22, 2019 and May 31, 2019, respectively.
Effective on March 15, 2019, Mr. Griffin will cease to serve as an Executive Vice President of the Company and any other officer positions he may hold with the Company, Boston Private Bank & Trust Company, a wholly-owned subsidiary of the Company (the “Bank”), and Boston Private Wealth LLC. During the period from March 15, 2019 until May 31, 2019, Mr. Griffin will serve as a Senior Advisor to the Company and the Bank, assisting with the transition of his job responsibilities and performing such other responsibilities as may be requested, and will continue to receive his salary and benefits.
Upon their departures, Messrs. Kaye and Griffin will receive the severance benefits set forth in the Executive Vice President Severance Pay Plan.
Item 5.02Other Events.
Effective on March 15, 2019, Paul M. Simons will become the President of Private Banking, Wealth & Trust of the Bank. Mr. Simons will continue in his role as Executive Vice President of the Company and the Bank. Effective on March 22, 2019, James C. Brown will become an Executive Vice President of the Company. Mr. Brown will continue in his roles as Executive Vice President of the Bank and President of Commercial Banking of the Bank.