FHLB New York enters severance agreement with departing CAO Edwin Artuz for $561,600

Federal Home Loan Bank of New York

Edwin Artuz, Chief Administrative Officer and SVP, left FHLB NY effective July 1, 2024.
Severance payment of $561,600 includes 9 months base pay ($330,000), incentive compensation ($165,000), profit sharing, and medical continuation ($27,000).
Lump-sum payment conditioned on FHFA non-objection, made within 30 days of August 8, 2024 effective date.
Agreement includes general release of all employment-related claims and confidentiality provisions.
FHLB NY denies any wrongdoing; separation described as avoiding litigation.

item 5.02 item 9.01

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Departed

Edwin Artuz

Chief Administrative Officer

Federal Home Loan Bank of New York

Effective: 2024-07-01
Filed: August 12, 2024, 7:59 PM ET

Mr. Edwin Artuz, Chief Administrative Officer, Director of Diversity & Inclusion, and Senior Vice President of the Bank, would no longer be working at the Bank effective as of the close of business on July 1, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Edwin Artuz departed as Chief Administrative Officer at Federal Home Loan Bank of New York.

Action: departed
Role: Chief Administrative Officer

Exact text from the filing

Mr. Edwin Artuz, Chief Administrative Officer, Director of Diversity & Inclusion, and Senior Vice President of the Bank, would no longer be working at the Bank effective as of the close of business on July 1, 2024.

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Source: SEC EDGAR

accession 0001654954-24-010323

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