FHLB San Francisco CEO Teresa Bryce Bazemore to depart by June 30, 2024; external successor candidate identified

Federal Home Loan Bank of San Francisco

Board decided not to renew employment agreement on July 28, 2023; notice delivered July 31, 2023.
Employment term extended to June 30, 2024 via Amendment No. 1 dated Feb 29, 2024.
Board's search committee identified external candidate; process in final stages requiring FHFA non-objection.
Amendment also provides travel reimbursement for LA–SF trips between March 15 and June 30, 2024.
Bazemore has served as President and CEO since March 2021.

item 5.02 item 9.01

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Departed

Teresa Bryce Bazemore

President and Chief Executive Officer

Federal Home Loan Bank of San Francisco

Effective: 2024-06-30
Filed: February 29, 2024, 6:59 PM ET

The Board delivered an Amended Non-Renewal Notice to Ms. Bazemore, which stated that the Bank will not extend the Initial Term of the Employment Agreement beyond June 30, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Teresa Bryce Bazemore departed as President and Chief Executive Officer at Federal Home Loan Bank of San Francisco.

Action: not renewed
Role: President and Chief Executive Officer

Exact text from the filing

The Board delivered an Amended Non-Renewal Notice to Ms. Bazemore, which stated that the Bank will not extend the Initial Term of the Employment Agreement beyond June 30, 2024.

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Source: SEC EDGAR

accession 0001316944-24-000043

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