---
schema_version: "secwatch.filing_event.v1"
accession: "0001316944-23-000097"
form_type: "8-K"
ticker: null
cik: "0001316944"
company_name: "Federal Home Loan Bank of San Francisco"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:26:11.946298+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CEO Teresa Bryce Bazemore to depart March 2024; board forms search committee

## Summary
- Board decided not to renew CEO Bazemore's employment agreement; effective March 15, 2024, at term end.
- Search committee formed, chaired by Director Brian Riley, to identify successor.
- Bazemore indicated desire to retire in March 2025; board opted for earlier search for long-term continuity.
- Bazemore will continue as CEO through March 2024 to ensure smooth transition.
- Decision influenced by FHFA's 'FHLBank System at 100' review and board's long-term goals.

## SEC filing metadata
- accession: 0001316944-23-000097
- form_type: 8-K
- cik: 0001316944
- company_name: Federal Home Loan Bank of San Francisco
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1316944/000131694423000097/0001316944-23-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1316944/000131694423000097/fhlbsf-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001316944-23-000097
- JSON: https://secwatch.observer/filing/0001316944-23-000097.json
- Plain text: https://secwatch.observer/filing/0001316944-23-000097.txt

## Key facts
- Executive change
  Teresa Bryce Bazemore departed as President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.
  - Action: will no longer be
  - Role: President and Chief Executive Officer
  source text: Ms. Bazemore will no longer be the President and Chief Executive Officer of the Bank, effective March 15, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1316944/000131694423000097/0001316944-23-000097-index.htm

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