---
schema_version: "secwatch.filing_event.v1"
accession: "0000910073-25-000092"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2025-07-07T23:59:59+00:00"
generated_at: "2026-05-18T09:24:07.823901+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Flagstar enters employment agreement with President Raffetto: $700k base, $700k target bonus

## Summary
- Annual base salary of $700,000 and target annual cash bonus of $700,000.
- Eligible for long-term equity awards starting in fourth year of employment.
- Company will pay Raffetto's relocation costs to the NYC metropolitan area.
- Upon termination without cause or for good reason, gets 3 years' base salary plus target bonus lump sum.
- Post-employment covenants: 12-month non-solicitation, 6-month non-compete, perpetual confidentiality.

## SEC filing metadata
- accession: 0000910073-25-000092
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2025-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000091007325000092/0000910073-25-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000091007325000092/nycb-20250701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000910073-25-000092
- JSON: https://secwatch.observer/filing/0000910073-25-000092.json
- Plain text: https://secwatch.observer/filing/0000910073-25-000092.txt

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