--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-22-295983" form_type: "8-K" ticker: null cik: "0001033012" company_name: "FLAGSTAR BANCORP INC" filed_at: "2022-12-01T23:59:59+00:00" generated_at: "2026-06-21T10:34:35.832470+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Flagstar Bancorp Merger with NYCB Completed; Shares Delisted ## Summary - Merger closed Dec 1, 2022; each Flagstar share converted into 4.0151 NYCB common shares. - Flagstar common stock delisted from NYSE; deregistration with SEC to follow. - All Flagstar directors and officers resigned; Alessandro DiNello named non-executive chairman of NYCB. - DiNello, Ciroli, and Figliuolo received cash severance and retention payments (e.g., $900,000 retention for DiNello). - Lee Smith and Reginald Davis entered employment agreements with NYCB; Peter Schoels and Jennifer Whip added to NYCB board. ## SEC filing metadata - accession: 0001193125-22-295983 - form_type: 8-K - cik: 0001033012 - company_name: FLAGSTAR BANCORP INC - filed_at: 2022-12-01T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/d416905d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-22-295983 - JSON: https://secwatch.observer/filing/0001193125-22-295983.json - Plain text: https://secwatch.observer/filing/0001193125-22-295983.txt ## Key facts - Executive change David L. Treadwell departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Jay J. Hansen departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change John D. Lewis departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Peter Schoels departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Lee M. Smith was appointed as other_named_officer at FLAGSTAR BANCORP INC. - Action: appointed source text: Lee M. Smith and Reginald Davis have entered into employment agreements with NYCB evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Alessandro P. DiNello departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Alessandro P. DiNello departed as President and Chief Executive Officer at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: President and Chief Executive Officer source text: all of the directors and officers of Flagstar ceased serving as directors and officers of Flagstar, including Alessandro P. DiNello (President and Chief Executive Officer) evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Peter Schoels was appointed as Director at FLAGSTAR BANCORP INC. - Action: appointed - Role: Director source text: These directors are Peter Schoels and Jennifer R. Whip. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Toan C. Huynh departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Lori Jordan departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change James A. Ovenden departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Jennifer R. Whip was appointed as Director at FLAGSTAR BANCORP INC. - Action: appointed - Role: Director source text: These directors are Peter Schoels and Jennifer R. Whip. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Reginald Davis was appointed as other_named_officer at FLAGSTAR BANCORP INC. - Action: appointed source text: Lee M. Smith and Reginald Davis have entered into employment agreements with NYCB evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Alessandro P. DiNello was appointed as Non-Executive Chairman at FLAGSTAR BANCORP INC. - Action: appointed - Role: Non-Executive Chairman source text: Alessandro P. DiNello will be serving as the Non-Executive Chairman of the board of directors of NYCB evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Bruce E. Nyberg departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Executive change Jennifer R. Whip departed as Director at FLAGSTAR BANCORP INC. - Action: ceased serving - Role: Director source text: Alessandro P. DiNello, Jay J. Hansen, Toan C. Huynh, Lori Jordan, John D. Lewis, Bruce E. Nyberg, James A. Ovenden, Peter Schoels, David L. Treadwell, and Jennifer R. Whip, in their respective roles as directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - Governance Changes FLAGSTAR BANCORP INC: Second Amended and Restated Articles of Incorporation and Sixth Amended and Restated Bylaws were amended and restated to conform to forms attached to the Merger Agreement. - Change: bylaw amendment source text: Pursuant to the Merger Agreement, as of the Effective Time, the Second Amended and Restated Articles of Incorporation and Sixth Amended and Restated Bylaws of Flagstar, as the Interim Surviving Entity, were amended and restated to conform to the forms of articles of incorporation and bylaws attached to the Merger Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm - M&A Transactions FLAGSTAR BANCORP INC underwent a change of control involving New York Community Bancorp, Inc. for 4.0151 shares of NYCB Common Stock per share of Flagstar Common Stock (closed 2022-12-01). - Action: change of control - Counterparty: New York Community Bancorp, Inc. - Consideration: 4.0151 shares of NYCB Common Stock per share of Flagstar Common Stock - Closing: 2022-12-01 source text: On December 1, 2022, before the opening of business and on the terms and subject to the conditions set forth in that certain Agreement and Plan of Merger, dated as of April 24, 2021 (the “Original Agreement”), by and among New York Community Bancorp, Inc., a Delaware corporation (“NYCB”), 615 Corp., a Delaware corporation and a direct, wholly-owned subsidiary of NYCB (“Merger Sub”), and Flagstar Bancorp, Inc., a Michigan corporation (“Flagstar”), as amended by Amendment No. evidence_url: https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.