secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001046025-24-000171
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Financial names Nicholas Bley as COO of Heritage Bank, effective Oct 28, 2024
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- Nicholas Bley named Executive VP and COO of Heritage Bank and Executive VP of Heritage, effective Oct 28, 2024.
- Bley previously served as Managing Director and Commercial Real Estate Senior Regional Sales Manager at JPMorgan Chase.
- Employment agreement provides annual base salary of $400,008, a $300,000 signing bonus, and $350,000 RSU award.
- Initial employment term runs through June 30, 2027, with automatic annual extensions unless 90 days' notice given.
- Severance: 100% of base salary plus 3-year avg bonus paid over 24 months (non-Change-in-Control); 200% lump sum (Change-in-Control).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000171/0001046025-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000171/hfwa-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001046025-24-000171

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