secwatch.observer — SEC 8-K summary
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Issuer:     Customers Bancorp, Inc. (CUBI)
CIK:        0001488813
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001488813-26-000005
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sam Sidhu becomes CEO of Customers Bancorp and joins board; Jay Sidhu named Executive Chairman
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- Sam Sidhu appointed CEO effective Jan 1, 2026, succeeding Jay Sidhu under planned July 2025 succession.
- Sam Sidhu also appointed to board; board size increased to 13 members; no director compensation for him.
- Jay Sidhu new employment: $650k base salary, 200% LTIP target, $300k/yr non-qualified SERP for 15 years.
- Sam Sidhu employment: $975k base, LTIP 150% target, STIP 100% target, $600k/yr SERP for life, plus 225,000 performance RSUs.
- Customers Bancorp has over $24 billion in assets, grown organically from $200M under Jay Sidhu's leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1488813/000148881326000005/0001488813-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1488813/000148881326000005/cubi-20251231.htm
  HTML page:      https://secwatch.observer/filing/0001488813-26-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer