TFS FINANCIAL CORPORATION (NASDAQ:TFSL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

TFS FINANCIAL CORPORATION (NASDAQ:TFSL) 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.

As previously announced, David Huffman will retire, effective September 30, 2018, as Chief Financial Officer of TFS Financial Corporation (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), and Paul Huml, who serves as Chief Operating Officer of the Company, was named the new Chief Financial Officer for the Company, effective September 30, 2018. Mr. Huml, age 59, joined the Association as a Vice President in 1998 and was appointed Chief Operating Officer of the Company in 2002 and Chief Accounting Officer in June 2009. Prior to joining the Association, Mr.Huml spent 10 years in the hotel industry, focusing on the areas of finance, real estate development and risk management. Mr.Huml is a certified public accountant in the state of Ohio.

In addition, Meredith Weil, age 51, who has served as Chief Operating Officer of the Association since 2012, will assume that position for the Company effective September 30, 2018. Ms. Weil joined the Association in 1999. Prior to her appointment as Chief Operating Officer of the Association, she held several senior management positions within the Association, including that of regional manager of retail delivery operations, overseeing customer service and internet services, as well as marketing. She has worked in the banking industry since 1992, which included serving as Vice President of Strategic Management of Key Bank prior to joining the Company.

A description of the compensation arrangements between the Association and each of Mr. Huml and Ms. Weil can be found in the Company’s proxy statement filed with the Securities Exchange Commission January 9, 2018.


About TFS FINANCIAL CORPORATION (NASDAQ:TFSL)

TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering and other financial services. Its principal lending activity is the origination of fixed-rate and adjustable-rate, first mortgage loans to purchase or refinance residential real estate in its markets in Ohio, Florida and selected counties in Kentucky. It originates residential construction loans to individuals and originates home equity loans and lines of credit in Ohio and Florida. It offers various loans, including residential real estate mortgage loans, home equity loans and home equity lines of credit and construction loans.

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