secwatch.observer — SEC 8-K summary
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Issuer:     WESBANCO INC (WSBC)
CIK:        0000203596
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001193125-23-191367
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesbanco CEO Todd Clossin retires Aug 1; Jeff Jackson named new CEO and board member
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- Todd Clossin retires as President and CEO effective Aug 1, 2023, becomes Vice Chairman until Dec 31, 2023.
- Jeffrey H. Jackson appointed President and CEO effective Aug 1, 2023, and elected to Board of Directors.
- Jackson's employment agreement: 3-year revolving term, base salary >=$850k, eligible for incentive bonuses and restricted stock.
- Clossin's amended agreement: salary ~$500k/yr through Dec 31, 2023; retirement treatment for equity awards.
- Jackson joined Wesbanco in Aug 2022 as COO; previously Executive VP at First Horizon Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/203596/000119312523191367/0001193125-23-191367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/203596/000119312523191367/d539631d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191367

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