PROVIDENT FINANCIAL SERVICES, INC. (NYSE:PFS) 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 Principal Officers; Election of Directors; Appointment of Principal Officers.
(d) Election of Director. On May 24, 2018, the Board of Directors (the “Board”) of Provident Financial Services, Inc. (the “Company”) increased the size of the Board from nine to ten members and elected James P. Dunigan to the Board. Mr. Dunigan has also been elected to the Board of Directors of Provident Bank, the Company’s wholly owned subsidiary. The Company issued a news release on May 29, 2018 to announce the election of Mr. Dunigan to the Board. The full text of the news release is attached as an Exhibit to this Current Report on Form 8-K.
Mr. Dunigan was elected to the class of directors whose terms expire at the Company’s annual meeting of stockholders in 2019, and he was appointed to serve as a member of the Audit and Risk Committees. The Board affirmatively determined that Mr. Dunigan is an independent director to the Company’s Independence Standards and New York Stock Exchange corporate governance listing standards.
There is no arrangement or understanding between Mr. Dunigan and any other person to which Mr. Dunigan was elected as a director. There is no current or currently proposed transaction as to which the Company or any of its subsidiaries was or is to be a participant and in which Mr. Dunigan has or will have a direct or indirect material interest, and which would be reportable to Item 404(a) of Regulation S-K.
For his service on the Board, Mr. Dunigan will receive the standard compensatory arrangements provided to other non-employee directors of the Company, including cash retainers and stock awards as described in the Company’s Proxy Statement dated March 16, 2018.
Item 9.01.Financial Statements and Exhibits
|
(a) |
Financial Statements of Businesses Acquired. Not applicable. |
|
(b) |
Pro Forma Financial Information. Not applicable. |
|
(c) |
Shell Company Transactions. Not applicable. |
Exhibit No.Description
PROVIDENT FINANCIAL SERVICES INC ExhibitEX-99.1 2 exhibit991-newsreleasemay2.htm EXHIBIT 99.1 Exhibit NEWS RELEASEFOR RELEASE 5:00 P.M. Eastern Time: May 29,…To view the full exhibit click here
About PROVIDENT FINANCIAL SERVICES, INC. (NYSE:PFS)
Provident Financial Services Inc. is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas. It attracts deposits from the general public and businesses in the areas surrounding its banking offices and uses those funds, together with funds generated from operations and borrowings, to originate commercial real estate loans, residential mortgage loans, commercial business loans and consumer loans. It also invests in mortgage-backed securities and other permissible investments. Its primary market area includes a mix of urban and suburban communities, and has a mix of industries, including pharmaceutical, manufacturing companies, network communications, insurance and financial services, healthcare and retail.
