8-K filed April 18, 2024, 7:59 PM ET ticker FLG CIK 0000910073

leadership confidence high sentiment positive materiality 0.75

NYCB appoints CFO Gifford, GC Nguyen, CRE head Shepherd, and special advisor Simons

FLAGSTAR BANK, NATIONAL ASSOCIATION

Craig Gifford named CFO, succeeds John Pinto; base salary $700k, target bonus $700k, option grant for 3M shares vesting over 3 years.
Bao Nguyen named General Counsel & Chief of Staff; previously partner at Skadden and acting Chief Counsel at OCC.
Scott Shepherd named Head of Commercial Real Estate, succeeds John Adams; base salary $700k, target bonus $700k, option grant for 3M shares.
James Simons named Special Advisor to CEO; 45+ years banking, former chief credit officer at First Citizens Bank.
All appointments effective April 12, 2024; relocation costs paid for Gifford and Shepherd.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Craig Gifford

Senior Executive Vice President and Chief Financial Officer

FLG · FLAGSTAR BANK, NATIONAL ASSOCIATION

Effective: 2024-04-12
Successor: John J. Pinto
Filed: April 18, 2024, 7:59 PM ET

On April 12, 2024, New York Community Bancorp, Inc. (“NYCB” or the “Company”) announced that Craig Gifford was appointed as Senior Executive Vice President and Chief Financial Officer of the Company and Flagstar Bank, N.A., a wholly owned subsidiary of the Company (the “ Bank ”), effective immediately.

Departed

John T. Adams

Senior Executive Vice President and Head of Commercial Real Estate

FLG · FLAGSTAR BANK, NATIONAL ASSOCIATION

Effective: 2024-04-12
Successor: Scott Shepherd
Filed: April 18, 2024, 7:59 PM ET

Mr. Shepherd succeeds John T. Adams, who ceased serving as Senior Executive Vice President and Head of Commercial Real Estate of the Company and the Bank on April 12, 2024.

Departed

John J. Pinto

Senior Executive Vice President and Chief Financial Officer

FLG · FLAGSTAR BANK, NATIONAL ASSOCIATION

Effective: 2024-04-12
Successor: Craig Gifford
Filed: April 18, 2024, 7:59 PM ET

Mr. Gifford succeeds John J. Pinto, who ceased serving as Senior Executive Vice President and Chief Financial Officer of the Company and the Bank on April 12, 2024.

Appointed

Scott Shepherd

Senior Executive Vice President and Head of Commercial Real Estate

FLG · FLAGSTAR BANK, NATIONAL ASSOCIATION

Effective: 2024-04-12
Successor: John T. Adams
Filed: April 18, 2024, 7:59 PM ET

On April 12, 2024, the Company announced that Scott Shepherd was appointed as Senior Executive Vice President and Head of Commercial Real Estate of the Company and the Bank, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Craig Gifford was appointed as Senior Executive Vice President and Chief Financial Officer at FLAGSTAR BANK, NATIONAL ASSOCIATION.

Action: appointed
Role: Senior Executive Vice President and Chief Financial Officer

Exact text from the filing

On April 12, 2024, New York Community Bancorp, Inc. (“NYCB” or the “Company”) announced that Craig Gifford was appointed as Senior Executive Vice President and Chief Financial Officer of the Company and Flagstar Bank, N.A., a wholly owned subsidiary of the Company (the “ Bank ”), effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John T. Adams departed as Senior Executive Vice President and Head of Commercial Real Estate at FLAGSTAR BANK, NATIONAL ASSOCIATION.

Action: ceased serving
Role: Senior Executive Vice President and Head of Commercial Real Estate

Exact text from the filing

Mr. Shepherd succeeds John T. Adams, who ceased serving as Senior Executive Vice President and Head of Commercial Real Estate of the Company and the Bank on April 12, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John J. Pinto departed as Senior Executive Vice President and Chief Financial Officer at FLAGSTAR BANK, NATIONAL ASSOCIATION.

Action: ceased serving
Role: Senior Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Gifford succeeds John J. Pinto, who ceased serving as Senior Executive Vice President and Chief Financial Officer of the Company and the Bank on April 12, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Shepherd was appointed as Senior Executive Vice President and Head of Commercial Real Estate at FLAGSTAR BANK, NATIONAL ASSOCIATION.

Action: appointed
Role: Senior Executive Vice President and Head of Commercial Real Estate

Exact text from the filing

On April 12, 2024, the Company announced that Scott Shepherd was appointed as Senior Executive Vice President and Head of Commercial Real Estate of the Company and the Bank, effective immediately.

View on SEC.gov

FLAGSTAR BANK, NATIONAL ASSOCIATION filing history →

Source: SEC EDGAR

accession 0001193125-24-100834

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