---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-22-000221"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2022-10-06T23:59:59+00:00"
generated_at: "2026-06-23T05:01:11.779051+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bankwell Financial CFO Penko Ivanov to depart Dec 31, 2022; search underway

## Summary
- EVP and CFO Penko Ivanov departing effective December 31, 2022.
- Ivanov will serve as interim CFO consultant through filing of 2022 year-end reports.
- Company has initiated a search for a permanent CFO replacement.

## SEC filing metadata
- accession: 0001505732-22-000221
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2022-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000221/0001505732-22-000221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000221/bwfg-20221006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-22-000221
- JSON: https://secwatch.observer/filing/0001505732-22-000221.json
- Plain text: https://secwatch.observer/filing/0001505732-22-000221.txt

## Key facts
- Executive change
  Penko Ivanov departed as Executive Vice President and Chief Financial Officer at Bankwell Financial Group, Inc..
  - Action: departure
  - Role: Executive Vice President and Chief Financial Officer
  source text: announces the departure of Penko Ivanov, Executive Vice President and Chief Financial Officer (“CFO”), effective December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000221/0001505732-22-000221-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.