secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001193125-24-278733
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flagstar Financial appoints Brian Callanan to board, Lee Smith as CFO effective Dec 27
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- Brian Callanan appointed to board effective Dec 16, filling vacancy from Peter Schoels resignation; term expires at 2025 annual meeting.
- Callanan is Managing Director and General Counsel at Liberty Strategic Capital, former Treasury General Counsel; appointment per $1.05B investment agreement.
- Lee Smith named Senior EVP and CFO effective Dec 27, succeeding Craig Gifford who resigned to pursue personal endeavors; Gifford stays until Mar 31, 2025 for transition.
- Smith joined legacy Flagstar in 2013 as COO, most recently President of Mortgage; has 25+ years in accounting, finance, operations.
- Standard director compensation: $75k cash retainer, $115k equity award.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000119312524278733/0001193125-24-278733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000119312524278733/d904625d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-278733

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