---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-172770"
form_type: "8-K"
ticker: "EBC"
cik: "0001810546"
company_name: "Eastern Bankshares, Inc."
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:07:07.632583+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-172770
- form_type: 8-K
- ticker: EBC
- cik: 0001810546
- company_name: Eastern Bankshares, Inc.
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172770/0001193125-24-172770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172770/d814492d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-172770
- JSON: https://secwatch.observer/filing/0001193125-24-172770.json
- Plain text: https://secwatch.observer/filing/0001193125-24-172770.txt

## Key facts
- Executive change
  Cathleen A. Schmidt was appointed as Director at Eastern Bankshares, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172770/0001193125-24-172770-index.htm
- Executive change
  Denis K. Sheahan was appointed as Chief Executive Officer at Eastern Bankshares, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172770/0001193125-24-172770-index.htm
- Executive change
  Leon A. Palandjian was appointed as Director at Eastern Bankshares, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172770/0001193125-24-172770-index.htm
- Executive change
  Andargachew S. Zelleke was appointed as Director at Eastern Bankshares, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed each of Leon A. Palandjian, Cathleen A. Schmidt, Denis K. Sheahan, and Andargachew S. Zelleke as directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810546/000119312524172770/0001193125-24-172770-index.htm

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