OCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b)On November 28, 2018, Diane F. Rhine and Mark G. Solow, both members of the Board of Directors of the Registrant, notified the Registrant that, in order to devote more time to their personal business and families, they will not be standing for reelection at the Company’s 2019 annual stockholders meeting and will retire from the Boards of the Registrant and OceanFirst Bank N.A. the Registrant’s banking subsidiary (the “Bank”) at that time.
(d) On November 28, 2018, the Registrant appointed Nicos Katsoulis to its Board of Directors, effective January 1, 2019. It has not yet been determined on which Committees of the Board of the Registrant Mr. Katsoulis will serve. However, because Mr. Katsoulis was formerly an employee of the Registrant, he will not serve on the Audit, Human Resources/Compensation or Leadership Committees at this time. Mr. Katsoulis was also appointed to the Board of Directors of the Bank, effective January 1, 2019. Further information regarding Mr. Katsoulis is included in the Press Release attached hereto as Exhibit 99.1.
Item 8.01 Other Events
On November 29, 2019, the Registrant issued a press release announcing the above retirements and appointment. A copy of the press release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
Press release announcing the retirements of Diane F. Rhine and Mark G. Solow and appointment of Nicos Katsoulis.
OCEANFIRST FINANCIAL CORP ExhibitEX-99.1 2 boardofdirectorspressrelea.htm EXHIBIT 99.1 Exhibit Press ReleaseExhibit 99.1FOR IMMEDIATE RELEASE Company Contact:Jill HewittSenior Vice PresidentOceanFirst Financial Corp.Tel: (732)240-4500,…To view the full exhibit click
About OCEANFIRST FINANCIAL CORP. (NASDAQ:OCFC)
OceanFirst Financial Corp. is a holding company for OceanFirst Bank (the Bank). The Company is a savings and loan holding company. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans. The Bank also invests in other types of loans, including residential construction and consumer loans. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States Government and agencies thereof, corporate securities and other investments permitted by applicable law and regulations. The Bank’s revenues are derived principally from interest on its loans, interest on its investment and MBS. The Bank also receives income from fees and service charges on loan and deposit products, wealth management services and others.