secwatch.observer — SEC 8-K summary
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Issuer:     FULTON FINANCIAL CORP (FULT)
CIK:        0000700564
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001193125-23-165006
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fulton Financial names Karthik Sridharan SEVP, Chief Operations & Technology Officer
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- Appointed SEVP & Chief Operations and Technology Officer effective June 12, 2023; responsible for IT and operations.
- Brings 20+ years experience; most recently CIO at OceanFirst Bank since 2019; prior roles at Citigroup, JPMorgan, BofA.
- Employment agreement: annual base salary $450,000, eligibility for annual bonus and long-term incentives.
- Will receive cash bonus of at least $150,000 (payable April 2024) and RSUs worth $200,000 vesting 18 months.
- Severance includes 12 months salary, pro-rated bonus, health benefits; CIC agreement provides 2x salary plus benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700564/000119312523165006/0001193125-23-165006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700564/000119312523165006/d516783d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-165006

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