NWBI CFO William Harvey to serve as interim President & CEO; temporary pay increase of $27,760/month

Northwest Bancshares, Inc.

William W. Harvey Jr., CFO, appointed interim President & CEO effective June 22, 2022, until permanent CEO named.
Base salary increased by $27,760/month to approx $69,665 (from $41,905) during interim period.
Management and holiday bonuses adjusted for interim period; additional equity grant to be made after permanent CEO appointed.
Compensation Committee approved these temporary compensatory arrangements.

item 5.02

Executive movements

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Role change (interim)

William W. Harvey Jr.

interim President and Chief Executive Officer

NWBI · Northwest Bancshares, Inc.

Effective: 2022-06-22
Filed: June 28, 2022, 7:59 PM ET

On June 22, 2022, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Northwest Bancshares, Inc. (the “Company”) agreed to certain temporary increases in compensation for William W. Harvey Jr., the Company's Chief Financial Officer, who has agreed to also serve as the interim President and Chief Executive Officer of the Company until a permanent President and Chief Executive Officer is named (the “interim period”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

William W. Harvey Jr. was appointed as interim President and Chief Executive Officer at Northwest Bancshares, Inc..

Action: appointed
Role: interim President and Chief Executive Officer

Exact text from the filing

On June 22, 2022, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Northwest Bancshares, Inc. (the “Company”) agreed to certain temporary increases in compensation for William W. Harvey Jr., the Company's Chief Financial Officer, who has agreed to also serve as the interim President and Chief Executive Officer of the Company until a permanent President and Chief Executive Officer is named (the “interim period”).

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Northwest Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001471265-22-000091

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