Provident Financial CEO Craig Blunden to retire; Donavon Ternes named successor

PROVIDENT FINANCIAL HOLDINGS INC

Craig G. Blunden to retire as CEO on Jan 1, 2024; becomes non-executive Chairman.
Donavon P. Ternes appointed President and CEO of Company and Bank, effective Jan 1, 2024.
Ternes currently President, COO, CFO; search underway for new CFO; COO post to remain vacant.
Blunden's Transition Agreement includes $3,700 monthly retainer and continued benefits as Chairman.
Ternes' Employment Agreement provides $500,000 initial salary, three-year term, and severance terms.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Donavon P. Ternes

President and Chief Executive Officer

PROV · PROVIDENT FINANCIAL HOLDINGS INC

Effective: 2024-01-01
Filed: October 31, 2023, 7:59 PM ET

the Company announced the appointment of Donavon P. Ternes as President and Chief Executive Officer of the both the Company and the Bank effective on January 1, 2024.

Role change

Craig G. Blunden

non-executive Chairman

PROV · PROVIDENT FINANCIAL HOLDINGS INC

Effective: 2024-01-01
Successor: Donavon P. Ternes
Filed: October 31, 2023, 7:59 PM ET

Chairman and Chief Executive Officer Craig G. Blunden intends to retire from active employment with the Company and Provident Savings Bank, F.S.B. (the “Bank”) on January 1, 2024 and transition into becoming non-executive Chairman of the Board of Directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Donavon P. Ternes was appointed as President and Chief Executive Officer at PROVIDENT FINANCIAL HOLDINGS INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Company announced the appointment of Donavon P. Ternes as President and Chief Executive Officer of the both the Company and the Bank effective on January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Craig G. Blunden changed role as non-executive Chairman at PROVIDENT FINANCIAL HOLDINGS INC.

Action: transitioned
Role: non-executive Chairman

Exact text from the filing

Chairman and Chief Executive Officer Craig G. Blunden intends to retire from active employment with the Company and Provident Savings Bank, F.S.B. (the “Bank”) on January 1, 2024 and transition into becoming non-executive Chairman of the Board of Directors

View on SEC.gov

PROVIDENT FINANCIAL HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0000939057-23-000318

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