WEBSTER FINANCIAL CORPORATION (NYSE:WBS) 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.
On September 18, 2017, Webster Financial Corporation (the “Company”), the holding company for Webster Bank, National Association (the “Bank”), announced the hiring of Albert J. Wang as the Chief Accounting Officer of the Company and the Bank, effective September 18, 2017. In connection with Mr. Wang’s appointment, Glenn I. MacInnes has relinquished the role of interim principal accounting officer for the Company and the Bank. Mr. MacInnes will remain Executive Vice President and Chief Financial Officer of the Company and the Bank.
Mr. Wang, age 42, has over 20 years of accounting, tax, and audit experience. He previously served as executive vice president and chief accounting officer of Banc of California. Prior to that, he held positions of increasing responsibility at Santander Bank, N.A., most recently as senior vice president and chief accounting officer, and at PricewaterhouseCoopers LLP. Mr. Wang received a Bachelor of Science degree in Accounting from the University of Scranton, and an MBA in Management Information Systems from Temple University, and is a Certified Public Accountant.
There are no arrangements or understandings between Mr.Wang and any other person to which Mr.Wang was appointed to serve as Chief Accounting Officer of the Company and the Bank. There are no family relationships between Mr.Wang and any director or executive officer of the Company or the Bank. There has been no transaction nor are there any proposed transactions between the Company or the Bank and Mr. Wang that would require disclosure to Item 404(a) of RegulationS-K.
A copy of the press release relating to the appointment of Mr. Wang is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 5.02.
|
Item 5.02. |
Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit Number |
Description |
|
99.1 |
Press release, dated September 18, 2017
|
WEBSTER FINANCIAL CORP ExhibitEX-99.1 2 ex99caoannouncement.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Media Contact Investor ContactAlice Ferreira,…To view the full exhibit click here
About WEBSTER FINANCIAL CORPORATION (NYSE:WBS)
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions. The Community Banking segment consists of personal banking, business banking and a distribution network consisting of banking centers and automated teller machines (ATMs), telephone banking, and Web and mobile-based banking services. HSA Bank, a division of Webster Bank, offers health savings accounts, health reimbursement accounts, flexible spending accounts and other financial solutions for healthcare. The Private Banking segment provides full relationship banking that serves high net worth clients, not-for-profit organizations and business clients for asset management, trust, loan, and deposit products and financial planning services.
