8-K
filed August 18, 2022, 7:59 PM ET
ticker NWBI
CIK 0001471265
leadership
confidence high
sentiment neutral
materiality 0.60
Northwest Bancshares names Louis J. Torchio President & CEO; Harvey becomes COO
Northwest Bancshares, Inc.
- Louis J. Torchio appointed President and CEO of NWBI and Northwest Bank, effective August 17, 2022.
- Torchio's base salary set at $800,000 under new employment agreement.
- William W. Harvey, Jr. named COO while retaining CFO role; salary increased to $700,000.
- Both Torchio and Harvey appointed to the boards of NWBI and Northwest Bank.
- Harvey had served as interim CEO since the passing of Ronald J. Seiffert on May 24, 2022.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Louis J. Torchio was appointed as Director at Northwest Bancshares, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On August 17, 2022, Mr. Torchio was also appointed as a director of each of the Company and Northwest Bank.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William W. Harvey, Jr. changed role as Chief Operating Officer and Chief Financial Officer at Northwest Bancshares, Inc..
- Action
- will become
- Role
- Chief Operating Officer and Chief Financial Officer
Exact text from the filing
Also, effective immediately, William W. Harvey, Jr., who had been serving as interim President and Chief Executive Officer since the passing of Ronald J. Seiffert on May 24, 2022, will become the Company’s and Northwest Bank’s Chief Operating Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Louis J. Torchio was appointed as President and Chief Executive Officer at Northwest Bancshares, Inc..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
On August 17, 2022, Louis J. Torchio, age 60, was appointed President and Chief Executive Officer of Northwest Bancshares, Inc. (the “Company”) and its wholly owned subsidiary, Northwest Bank, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William W. Harvey, Jr. was appointed as Director at Northwest Bancshares, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On August 17, 2022, Mr. Harvey was also appointed as a director of each of the Company and Northwest Bank, effective immediately.
View on SEC.gov
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