---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-100834"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T21:24:16.508036+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-100834
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/0001193125-24-100834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/d802674d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-100834
- JSON: https://secwatch.observer/filing/0001193125-24-100834.json
- Plain text: https://secwatch.observer/filing/0001193125-24-100834.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/0001193125-24-100834-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/0001193125-24-100834-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/0001193125-24-100834-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/0001193125-24-100834-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.