secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0000700564-24-000048
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fulton appoints Rick Kraemer as CFO; Chivinski to retire with $1.25M consulting deal
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- Richard S. Kraemer named Senior EVP and CFO effective Nov 1, 2024, replacing interim CFO Beth Ann Chivinski.
- Chivinski to retire Dec 31, 2024; will serve as consultant from Jan 1 to Jun 30, 2025 for $1.25M lump sum.
- Kraemer previously served as Chief Banking Officer at a >$60B bank; will oversee finance, treasury, and strategy.
- Consulting agreement includes confidentiality, non-compete, non-solicitation, and clawback provisions.
- Chivinski led Republic Bank transaction and common stock issuance during interim CFO tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000070056424000048/0000700564-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000070056424000048/fult-20241101.htm
  HTML page:      https://secwatch.observer/filing/0000700564-24-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer