secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001193125-24-100834
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/0001193125-24-100834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000119312524100834/d802674d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-100834

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