Fulton Financial Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Major Banks
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 1, 2024, Fulton Financial Corporation ("Fulton") appointed Richard S. Kraemer as Senior Executive Vice President and Chief Financial Officer effective November 1, 2024. Mr. Kraemer joined Fulton on September 3, 2024 as Senior Executive Vice President and Chief Financial Officer Designee. The information regarding Mr. Kraemer contained in Item 5.02 of Fulton's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on July 23, 2024 is incorporated herein by reference. Mr. Kraemer assumed the role of Chief Financial Officer from Beth Ann L. Chivinski, Fulton's Senior Executive Vice President and Interim Chief Financial Officer, who will continue as Senior Executive Vice President until her previously disclosed retirement on December 31, 2024. On November 1, 2024, Fulton issued a press release (the "Press Release") announcing the appointment of Mr. Kraemer as Senior Executive Vice President and Chief Financial Officer. A copy of the Press Release has been attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
On November 1, 2024, Fulton entered into a Consulting Agreement with Ms. Chivinski (the "Consulting Agreement"). The term of the Consulting Agreement commences on January 1, 2025 and ends on June 30, 2025, unless earlier terminated by either Fulton or Ms. Chivinski. Under the Consulting Agreement, Ms. Chivinski will provide advice to Fulton as requested from time to time by Fulton on an as-needed basis as an independent contractor. Ms. Chivinski will be paid $1,250,000.00 in a lump sum during the first month of the term of the Consulting Agreement. In addition, Fulton will pay or reimburse Ms. Chivinski for reasonable expenses incurred by Ms. Chivinski in performing services under the Consulting Agreement. Ms. Chivinski will remain subject to the confidentiality, non-competition, non-solicitation and clawback provisions set forth in Section 5 of the Executive Employment Agreement between Fulton and Ms. Chivinski. The form of Executive Employment Agreement between Fulton and Ms. Chivinski was filed as Exhibit 10.1 of Fulton's Current Report on Form 8-K filed with the SEC on January 4, 2018. The Consulting Agreement also contains a general release of claims on the part of Ms. Chivinski.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
| Press Release dated November 1, 2024 | |||||
| 104 | Cover page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 1, 2024 | FULTON FINANCIAL CORPORATION | ||||
| By: /s/ Richard S. Kraemer | |||||
| Richard S. Kraemer | |||||
| Senior Executive Vice President and | |||||
| Chief Financial Officer | |||||