--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-24-140117" form_type: "8-K" ticker: null cik: "0000846901" company_name: "LAKELAND BANCORP INC" filed_at: "2024-05-16T23:59:59+00:00" generated_at: "2026-06-01T22:15:02.525196+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Lakeland Bancorp merger with Provident Financial closes; shares converted at 0.8319 ratio ## Summary - Merger effective after close May 15, 2024; each Lakeland share exchanged for 0.8319 Provident shares. - Lakeland directors and officers ceased; five former Lakeland directors joined Provident board, Shara as Exec Vice Chairman. - Lakeland common stock delisted from NASDAQ and to be deregistered under Section 12(b) and 12(g) of Exchange Act. - Lakeland restricted stock awards/units converted to Provident equity; performance vesting deemed at target. - Bank merger of Lakeland Bank into Provident Bank completed May 16, 2024 before market open. ## SEC filing metadata - accession: 0001193125-24-140117 - form_type: 8-K - cik: 0000846901 - company_name: LAKELAND BANCORP INC - filed_at: 2024-05-16T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/d811981d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-24-140117 - JSON: https://secwatch.observer/filing/0001193125-24-140117.json - Plain text: https://secwatch.observer/filing/0001193125-24-140117.txt ## Key facts - Executive change Robert E. McCracken was appointed as Director at LAKELAND BANCORP INC. - Action: appointed - Role: Director source text: the following individuals, each of whom was a member of the board of directors of Lakeland immediately prior to consummation of the Merger, were appointed to the board of directors of Provident: Thomas J. Shara, Brian M. Flynn, Brian Gragnolati, James E. Hanson II and Robert E. McCracken. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Brian Gragnolati departed as Director at LAKELAND BANCORP INC. - Action: ceased serving - Role: Director source text: As of the Effective Time, and pursuant to the terms of the Merger Agreement, Lakeland’s directors and executive officers ceased serving as directors and executive officers of Lakeland. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Thomas J. Shara departed as Director at LAKELAND BANCORP INC. - Action: ceased serving - Role: Director source text: As of the Effective Time, and pursuant to the terms of the Merger Agreement, Lakeland’s directors and executive officers ceased serving as directors and executive officers of Lakeland. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change James E. Hanson II was appointed as Director at LAKELAND BANCORP INC. - Action: appointed - Role: Director source text: the following individuals, each of whom was a member of the board of directors of Lakeland immediately prior to consummation of the Merger, were appointed to the board of directors of Provident: Thomas J. Shara, Brian M. Flynn, Brian Gragnolati, James E. Hanson II and Robert E. McCracken. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Brian Gragnolati was appointed as Director at LAKELAND BANCORP INC. - Action: appointed - Role: Director source text: the following individuals, each of whom was a member of the board of directors of Lakeland immediately prior to consummation of the Merger, were appointed to the board of directors of Provident: Thomas J. Shara, Brian M. Flynn, Brian Gragnolati, James E. Hanson II and Robert E. McCracken. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Thomas J. Shara was appointed as Executive Vice Chairman at LAKELAND BANCORP INC. - Action: serving as - Role: Executive Vice Chairman source text: As of the Effective Time and in accordance with the Merger Agreement, Mr. Shara is serving as the Executive Vice Chairman of Provident. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Robert E. McCracken departed as Director at LAKELAND BANCORP INC. - Action: ceased serving - Role: Director source text: As of the Effective Time, and pursuant to the terms of the Merger Agreement, Lakeland’s directors and executive officers ceased serving as directors and executive officers of Lakeland. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Thomas J. Shara was appointed as Director at LAKELAND BANCORP INC. - Action: appointed - Role: Director source text: the following individuals, each of whom was a member of the board of directors of Lakeland immediately prior to consummation of the Merger, were appointed to the board of directors of Provident: Thomas J. Shara, Brian M. Flynn, Brian Gragnolati, James E. Hanson II and Robert E. McCracken. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change James E. Hanson II departed as Director at LAKELAND BANCORP INC. - Action: ceased serving - Role: Director source text: As of the Effective Time, and pursuant to the terms of the Merger Agreement, Lakeland’s directors and executive officers ceased serving as directors and executive officers of Lakeland. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Brian M. Flynn was appointed as Director at LAKELAND BANCORP INC. - Action: appointed - Role: Director source text: the following individuals, each of whom was a member of the board of directors of Lakeland immediately prior to consummation of the Merger, were appointed to the board of directors of Provident: Thomas J. Shara, Brian M. Flynn, Brian Gragnolati, James E. Hanson II and Robert E. McCracken. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - Executive change Brian M. Flynn departed as Director at LAKELAND BANCORP INC. - Action: ceased serving - Role: Director source text: As of the Effective Time, and pursuant to the terms of the Merger Agreement, Lakeland’s directors and executive officers ceased serving as directors and executive officers of Lakeland. evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm - M&A Transactions LAKELAND BANCORP INC underwent a change of control involving Provident Financial Services, Inc. for 0.8319 shares of Provident Common Stock per share of Lakeland Common Stock (closed 2024-05-15). - Action: change of control - Counterparty: Provident Financial Services, Inc. - Consideration: 0.8319 shares of Provident Common Stock per share of Lakeland Common Stock - Closing: 2024-05-15 source text: (“Lakeland Common Stock”) outstanding immediately prior to the Effective Time, other than certain shares held by Lakeland or Provident, was converted into the right to receive 0.8319 of a share (the “Exchange Ratio”) of common stock, par value $0.01 per share, of Provident (“Provident Common Stock” and such consideration, the “Merger Consideration”). Holders evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000119312524140117/0001193125-24-140117-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.