UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
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. |
Effective December 31, 2024, the Board of Directors (the “Board”) of Eastern Bankshares, Inc. (the “Company”), accepted letters of resignation from Paul M. Connolly and Paul D. Spiess, who resigned from their positions both as members of the Board and as members of the Board of Directors of the Company’s wholly owned subsidiary Eastern Bank in accordance with the mandatory age limitations for members of the Board set forth in the Company’s Corporate Governance Guidelines. In connection with their resignation from the Board, neither Mr. Connolly nor Mr. Spiess expressed any disagreement with the Company on any matter relating to its operations, policies, or practices.
Mr. Connolly, who had been a director of Eastern Bank since 2011, served on the Audit and Nominating and Governance Committees of the Board immediately prior to his resignation.
Mr. Spiess, who had been a director of Eastern Bank since 2014, served on the Audit, Compensation and Human Capital Management and Risk Management Committees of the Board immediately prior to his resignation.
Robert F. Rivers, Chair of the Board and Executive Chair of the Company, stated, “We are very grateful for the many contributions Paul Connolly and Paul Speiss have made to our Company, particularly over the past five years of extraordinary transformation. Paul Connolly brought to Eastern 36 years of experience in banking operations, payment systems and regulatory oversight upon his retirement as the First Vice President and Chief Operating Officer at the Federal Reserve Bank of Boston; while Paul Speiss brought decades of community banking and financial services expertise within the New Hampshire market, including as former Chairman of the Board of Centrix Bank and Trust, which merged with Eastern in 2014. We wish them both the very best in retirement.”
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
The following exhibits are included with this Report:
| Exhibit |
Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| EASTERN BANKSHARES, INC. | ||||||
| By: | /s/ David Rosato | |||||
| DATE: January 7, 2025 | Name: | David Rosato | ||||
| Title: | Chief Financial Officer | |||||