WSFS Financial Corporation (NASDAQ:WSFS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 9.01 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On August 3, 2017, WSFS Financial Corporation (“WSFS”) announced that Rodger Levenson had been promoted to Executive Vice President and Chief Operating Officer, effective July 31, 2017. Mr. Levenson joined WSFS in November 2006 as Executive Vice President of Commercial Banking. He served as Chief Commercial Banking Officer through April 2015, at which time he assumed the role of interim Chief Financial Officer until June 2016, and has most recently served as Chief Corporate Development Officer. In his role as Chief Operating Officer, Mr. Levenson will oversee the Executive Leadership Team, with oversight responsibilities for Commercial, Retail, Wealth and Cash Connect as well as support service areas including Information Technology, Risk, Human Capital and Finance.

WSFS also announced that Marvin (Skip) N. Schoenhals has decided to step down as Chairman of the Boards of Directors of each of WSFS and WSFS Bank, effective July 31, 2017. Mr. Schoenhals served as Chairman of each board for 25 years, and will continue to serve as a director on both boards. Each of the Boards of Directors of WSFS and WSFS Bank elected Mark A. Turner to serve its Chairman, effective July 31, 2017. Mr. Turner has been President, Chief Executive Officer and a Director of WSFS and WSFS Bank since 2007 and will continue in those roles. Mr. Turner previously also served as the Chief Operating Officer and the Chief Financial Officer of WSFS.

As part of WSFS’ ongoing commitment to sound corporate governance, Board Member Eleuthère I. du Pont, President of the Longwood Foundation, will continue to serve in his role as Lead Independent Director.

For further details, reference is made to the press release dated August 3, 2017, which is attached hereto as Exhibit 99.1 and incorporated herein by this reference.

Section9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

99.1Press Release Dated August 3, 2017

WSFS FINANCIAL CORP Exhibit
EX-99.1 2 a8032017pressrelease.htm EXHIBIT 99.1 a8032017pressrelease WSFS Bank Center 500 Delaware Avenue,…
To view the full exhibit click here

About WSFS Financial Corporation (NASDAQ:WSFS)

WSFS Financial Corporation is a savings and loan holding company. The Company’s subsidiary is Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), which is the bank and trust company. It operates in three segments: WSFS Bank, Cash Connect and Wealth Management. The WSFS Bank segment provides loans and other financial products to commercial and retail customers. Its Cash Connect segment provides automated teller machine (ATM) services through strategic partnerships with several of the network, manufacturers and service providers in the ATM industry. The Wealth Management segment provides a range of fiduciary, investment management, credit and deposit products to clients. Its banking business is commercial lending funded by customer-generated deposits. It also offers a range of consumer loan products, retail securities and insurance brokerage services. Its subsidiaries include WSFS Wealth Investments, 1832 Holdings, Inc., Monarch and West Capital Management.