secwatch.observer — SEC 8-K summary
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Issuer:     Federal Home Loan Bank of San Francisco (—)
CIK:        0001316944
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001316944-23-000097
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316944/000131694423000097/0001316944-23-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316944/000131694423000097/fhlbsf-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001316944-23-000097

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