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:   2024-05-08T23:59:59+00:00
Accession:  0001316944-24-000093
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FHLBank San Francisco names Alanna McCargo as President and CEO, effective June 10, 2024
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- Alanna McCargo, former Ginnie Mae President, appointed President and CEO effective June 10, 2024.
- Teresa Bryce Bazemore will step down as CEO on June 10, become EVP Special Advisor through June 30, then consultant through August 2024 at $50,000 fee.
- McCargo's employment agreement provides $890,000 base salary, SERP contributions of 25%-35% of total compensation, and severance terms tied to term expiration or without-cause termination.
- McCargo has extensive housing finance experience including HUD, Urban Institute, CoreLogic, JP Morgan Chase, and Fannie Mae.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1316944/000131694424000093/0001316944-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1316944/000131694424000093/fhlbsf-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001316944-24-000093

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