{"schema_version":"secwatch.filing_event.v1","accession":"0001046025-24-000152","form_type":"8-K","ticker":"HFWA","cik":"0001046025","company_name":"HERITAGE FINANCIAL CORP /WA/","filed_at":"2024-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.008405+00:00","generated_at":"2026-05-31T23:54:17.363651+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Heritage Financial announces CEO succession: Bryan McDonald to lead bank; Jeff Deuel stays CEO until May 2025","bullets":["Bryan McDonald named President and CEO of Heritage Bank effective July 1, 2024; continues as President of Heritage Financial.","Jeffrey Deuel remains CEO of Heritage Financial until May 6, 2025, then transitions to advisory role through March 31, 2027.","McDonald's new employment agreement: base salary $535,000, target bonus 45%, equity target 50% of salary.","Deuel's transition agreement: base salary $711,113 until May 2025, then part-time $20k/mo for 12 months, then $10k/mo.","Succession designed for smooth transition; Deuel has 42-year career, McDonald has 30+ years."],"urls":{"canonical":"https://secwatch.observer/filing/0001046025-24-000152","json":"https://secwatch.observer/filing/0001046025-24-000152.json","markdown":"https://secwatch.observer/filing/0001046025-24-000152.md","text":"https://secwatch.observer/filing/0001046025-24-000152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046025/000104602524000152/0001046025-24-000152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046025/000104602524000152/hfwa-20240701.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:54:17.363651+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8dec17e98","claim":"Jeffrey J. Deuel changed role as CEO of Heritage at HERITAGE FINANCIAL CORP /WA/.","evidence_excerpt":"Jeffrey J. Deuel, who has served as CEO of Heritage Bank since 2018 and CEO of Heritage since 2019, will remain CEO of Heritage until May 2025, at which time he will be become a non-officer employee of Heritage.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046025/000104602524000152/0001046025-24-000152-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will transition to non-officer employee"},{"label":"Role","value":"CEO of Heritage"}],"fact_type":"executive_change"},{"claim_id":"d8f581a728","claim":"Bryan D. McDonald was appointed as President of Heritage and CEO of Heritage Bank at HERITAGE FINANCIAL CORP /WA/.","evidence_excerpt":"Bryan D. McDonald, age 52, who has held the position of Chief Operating Officer of Heritage Bank since 2018, will succeed Mr. Deuel as President of Heritage and CEO of Heritage Bank effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046025/000104602524000152/0001046025-24-000152-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President of Heritage and CEO of Heritage Bank"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}