secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANCORP INC (—)
CIK:        0001033012
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001193125-22-295983
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flagstar Bancorp Merger with NYCB Completed; Shares Delisted
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/0001193125-22-295983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1033012/000119312522295983/d416905d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-295983

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