---
schema_version: "secwatch.filing_event.v1"
accession: "0000712537-23-000002"
form_type: "8-K"
ticker: "FCF"
cik: "0000712537"
company_name: "FIRST COMMONWEALTH FINANCIAL CORP /PA/"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:46:52.002900+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FCF shareholder lawsuit alleges proxy deficiencies for Centric merger; supplemental disclosures filed

## Summary
- Lawsuit filed Jan 17, 2023 in PA by Charles Reinhardt against Centric Directors alleging proxy statement deficiencies.
- FCF and Centric deny merit but voluntarily supplement proxy with additional DCF and financial projections.
- Supplemental DCF shows terminal value $221.5M at 10.0x multiple; NPV per share range $11.32-$16.18.
- Cost savings 35% phased in 2023-2024, $14.6M pre-tax one-time charges, pro forma Tier 1 Leverage 9.8%, CET1 11.2%.

## SEC filing metadata
- accession: 0000712537-23-000002
- form_type: 8-K
- ticker: FCF
- cik: 0000712537
- company_name: FIRST COMMONWEALTH FINANCIAL CORP /PA/
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712537/000071253723000002/0000712537-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712537/000071253723000002/fcf-20230120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000712537-23-000002
- JSON: https://secwatch.observer/filing/0000712537-23-000002.json
- Plain text: https://secwatch.observer/filing/0000712537-23-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.