UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 20, 2024
(Exact Name of Registrant as Specified in Charter)
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Registrant’s telephone number, including area code (973 ) 305-8800
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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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. | ||||
(b) On August 20, 2024, pursuant to the terms of the Investor Rights Agreement, dated as of April 1, 2022, by and between Valley National Bancorp (the “Company”) and Bank Leumi Le-Israel B.M. (“Bank Leumi”), Bank Leumi notified the Company that it intends to seek appointment of a new designee to the board of directors (the “Board”) of the Company in Dafna Landau’s place (the “Notice”). Ms. Landau, who was appointed to the Board as the designee of Bank Leumi, has separated from employment with Bank Leumi, and in connection with the Notice, Ms. Landau has tendered her resignation from the Board. Ms. Landau’s resignation will be effective upon the appointment of Bank Leumi’s new designee, which is expected to occur in the fourth quarter 2024. Ms. Landau’s resignation from the Board is not due to any disagreement between Ms. Landau and the Company, Valley National Bank or management.
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.
Dated: August 23, 2024 | VALLEY NATIONAL BANCORP | ||||||||||
By: | /s/ Gary G. Michael | ||||||||||
| Gary G. Michael | |||||||||||
| Executive Vice President, General Counsel | |||||||||||
and Corporate Secretary | |||||||||||