Ally Financial Inc 8-K, filed Jul 24, 2025
Ally Financial Inc. (ALLY)
About this 8-K
Ally Financial Inc filed this 8-K on July 24, 2025, reporting on events of July 21, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 21, 2025, David J. DeBrunner notified Ally Financial Inc. (Ally) of his intention to retire as Ally’s Chief Accounting Officer and Controller. Mr. DeBrunner confirmed that his decision was based on his professional and personal priorities and was not due to any disagreement with Ally on any matter relating to Ally’s operations, policies, or practices.
Austin T. McGrath will assume the role of Chief Accounting Officer and Controller effective August 8, 2025. Mr. McGrath joined Ally in 2007. He was appointed executive director of Investor Relations in January 2025. Prior to that, Mr. McGrath served in a variety of accounting roles within the Corporate Controllers Group, most recently as executive director for SEC Reporting, Regulatory Reporting, and Risk Finance from June 2021 through January 2025. Mr. McGrath is a Certified Public Accountant and holds a bachelor’s degree in accounting from Lehigh University.
In connection with Mr. McGrath’s ’s appointment, he will receive an annual base salary, is eligible to receive incentive compensation in the form of cash and equity-based awards pursuant to Ally’s Incentive Compensation Plan and will receive other employee benefits consistent with those provided to other similarly situated employees. Mr. McGrath has no family relationships with any director or executive officer of Ally or Ally Bank. There are no arrangements or understandings between Mr. McGrath and any other person pursuant to which Mr. McGrath was selected as the Chief Accounting Officer and Controller, and there are no transactions involving Mr. McGrath that would be required to be reported under Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ALLY FINANCIAL INC. | ||||||
| (Registrant) | ||||||
| Dated: July 24, 2025 | /s/ Jeffrey A. Belisle | |||||
| Jeffrey A. Belisle | ||||||
| Corporate Secretary | ||||||