INVESTORS BANCORP, INC. (NASDAQ:ISBC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

INVESTORS BANCORP, INC. (NASDAQ:ISBC) 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 December 5, 2018, the Boards of Directors of Investors Bancorp, Inc. (the “Company”) and Investors Bank (the “Bank”) appointed Paul Kalamaras as Executive Vice President and Chief Risk Officer of the Company and the Bank. Mr. Kalamaras previously served as Executive Vice President and Chief Retail Banking Officer of the Company and the Bank since 2010.

As a result of the foregoing, on December 5, 2018 the Company entered into an acknowledgment and consent agreement with Mr. Kalamaras, to which Mr. Kalamaras acknowledged and agreed that the assignment of his new executive position did not constitute a breach of his employment agreement with the Company dated March 29, 2010 (the “Employment Agreement”) or an “event of termination” as defined under the Employment Agreement. Mr. Kalamaras further agreed that his new executive position of Executive Vice President and Chief Risk Officer with the Company and the Bank will be his “executive position” as described in the Employment Agreement, and that his duties and responsibilities to the Company and the Bank will be commensurate with such new executive position.

Bill Brown, Senior Vice President of Retail Banking of the Company and the Bank, has been appointed the Chief Retail Banking Officer of the Company and the Bank.

A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference herein.

Item 9.01

Financial Statements and Exhibits

(a)

Not Applicable.

(b)

Not Applicable.

(c)

Not Applicable

(d)

Exhibits.


Investors Bancorp, Inc. Exhibit
EX-10.1 2 exhibit101acknowledgementc.htm EXHIBIT 10.1 Exhibit Exhibit 10.1Acknowledgement and Consent This Acknowledgement and Consent (the “Acknowledgement and Consent”) is entered into pursuant to the Amended and Restated Employment Agreement (the “Employment Agreement”),…
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