8-K filed July 1, 2024, 7:59 PM ET ticker EBC CIK 0001810546

leadership confidence high sentiment positive materiality 0.70

Eastern Bankshares Appoints Four Cambridge Bancorp Directors, Including CEO Designate, Ahead of July 12 Merger Closing

Eastern Bankshares, Inc.

Leon Palandjian, Cathleen Schmidt, Denis Sheahan, and Andy Zelleke appointed to Eastern Bankshares board effective upon merger closing.
Denis Sheahan, current Chairman, President and CEO of Cambridge Bancorp, will become CEO of Eastern Bankshares post-merger.
Schmidt appointed to Compensation Committee; Palandjian and Sheahan to Risk Committee; Zelleke to Nominating & Governance Committee.
Merger with Cambridge Bancorp expected to close on or about July 12, 2024, creating a leading local bank in Greater Boston.

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

Cathleen A. Schmidt

Director

EBC · Eastern Bankshares, Inc.

Effective: 2024-07-12
Filed: July 1, 2024, 7:59 PM ET

appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors

Appointed

Denis K. Sheahan

Chief Executive Officer

EBC · Eastern Bankshares, Inc.

Effective: 2024-07-12
Filed: July 1, 2024, 7:59 PM ET

Mr. Sheahan, the current Chairman, President, and Chief Executive Officer of Cambridge, additionally will serve as Chief Executive Officer of the Company effective upon and subject to the closing of the Merger.

Appointed

Leon A. Palandjian

Director

EBC · Eastern Bankshares, Inc.

Effective: 2024-07-12
Filed: July 1, 2024, 7:59 PM ET

appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors

Appointed

Andargachew S. Zelleke

Director

EBC · Eastern Bankshares, Inc.

Effective: 2024-07-12
Filed: July 1, 2024, 7:59 PM ET

appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cathleen A. Schmidt was appointed as Director at Eastern Bankshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Denis K. Sheahan was appointed as Chief Executive Officer at Eastern Bankshares, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Mr. Sheahan, the current Chairman, President, and Chief Executive Officer of Cambridge, additionally will serve as Chief Executive Officer of the Company effective upon and subject to the closing of the Merger.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Leon A. Palandjian was appointed as Director at Eastern Bankshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andargachew S. Zelleke was appointed as Director at Eastern Bankshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors

View on SEC.gov

Eastern Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-172770

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