secwatch.observer — SEC 8-K summary
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Issuer:     OCEANFIRST FINANCIAL CORP (OCFC)
CIK:        0001004702
Form:       8-K
Filed at:   2022-03-17T23:59:59+00:00
Accession:  0001004702-22-000079
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanFirst CFO Michael Fitzpatrick retiring June 1, 2022; Patrick S. Barrett named replacement
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- CFO Fitzpatrick retiring effective June 1, 2022 after nearly 30 years at OceanFirst.
- Patrick S. Barrett, former CFO of First Midwest Bancorp, appointed as new CFO effective June 2, 2022.
- Barrett will join as EVP of Finance on April 18, 2022 for transition; Fitzpatrick to consult after retirement.
- Compensation: $450k base, $300k target bonus for 2022 (pro-rated), $200k equity award for 2022, $450k for 2023, relocation up to $300k.
- Employment agreement term through July 31, 2024 with auto-renewal; includes change-in-control severance provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004702/000100470222000079/0001004702-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004702/000100470222000079/ocfc-20220317.htm
  HTML page:      https://secwatch.observer/filing/0001004702-22-000079

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