8-K
PROVIDENT FINANCIAL SERVICES INC (PFS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 24, 2021
PROVIDENT FINANCIAL SERVICES, INC.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 001-31566 | 42-1547151 |
|---|---|---|
| (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) |
| 239 Washington Street, Jersey City, New Jersey | 07302 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code 732-590-9200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol<br><br>Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common | PFS | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(d) Election of Director. On June 24, 2021, the Board of Directors (the “Board”) of Provident Financial Services, Inc. (the “Company”) increased the size of the Board from 13 to 14 members and elected Nadine Leslie to the Board. Ms. Leslie has also been elected to the Board of Directors of Provident Bank, the Company’s wholly owned subsidiary. The Company issued a news release on June 28, 2021 to announce the election of Ms. Leslie to the Board. The full text of the news release is attached as an Exhibit to this Current Report on Form 8-K.
Ms. Leslie was appointed to serve as a member of the Audit Committee of the Board. The Board affirmatively determined that Ms. Leslie is an independent director pursuant to the Company’s Independence Standards and New York Stock Exchange corporate governance listing standards.
There is no arrangement or understanding between Ms. Leslie and any other person pursuant to which she was elected as a director. There is no current or currently proposed transaction as to which the Company or any of its subsidiaries was or is to be a participant and in which Ms. Leslie has or will have a direct or indirect material interest, and which would be reportable pursuant to Item 404(a) of Regulation S-K.
For her service on the Board, Ms. Leslie will receive the standard compensatory arrangements provided to other non-employee directors of the Company, including cash retainers and stock awards as described in the Company’s Proxy Statement dated March 17, 2021.
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired. Not applicable.
(b) Pro Forma Financial Information. Not applicable.
(c) Shell Company Transactions. Not applicable.
(d) Exhibits.
Exhibit No. Description
99.1 News release dated June 28, 2021
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.
| PROVIDENT FINANCIAL SERVICES, INC. | ||
|---|---|---|
| DATE: | June 28, 2021 | By:/s/ John Kuntz |
| John Kuntz | ||
| Senior Executive Vice President, General Counsel & Corporate Secretary |
Document
PROVIDENT FINANCIAL SERVICES, INC. AND PROVIDENT BANK
NAME NADINE LESLIE TO THE BOARD OF DIRECTORS
ISELIN, N.J. June 28, 2021 - Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) today announced that Nadine Leslie has been named to the boards of directors of the Company and its wholly owned subsidiary, Provident Bank.
Ms. Leslie currently serves as Chief Executive Officer of SUEZ North America, and brings more than 25 years of experience in operations, management, corporate and regulatory compliance, client relations, and health & safety oversight to the boards of directors. Since joining SUEZ North America in 2000, she has held leadership positions of increasing responsibilities within the company’s regulated, contract and corporate segments, and has been a thought leader in the area of corporate social responsibility.
“I am pleased to welcome Nadine to our boards. Her extensive industry experience leading a regulated organization with vast operations and multiple business units will strengthen our boards’ breadth of talent and depth of knowledge,” said Christopher Martin, Provident’s chairman and chief executive officer. “I am confident Nadine’s proven leadership from her successful career with SUEZ will be extremely valuable as Provident continues to enhance its customer experience and its capabilities as a leading financial institution,” added Mr. Martin.
“I have always respected Provident Bank for its robust commitment to providing customers with an exceptional experience and for their steadfast dedication to the communities they serve,” said Ms. Leslie. “I am delighted to be joining the boards and look forward to working with Chris and the directors.”
Ms. Leslie earned a Bachelor of Science in civil engineering from Faculte des Sciences, Port-au-Prince, Haiti. She currently serves on the board of trustees of Hackensack Meridian Health Network, the board of directors of Montclair State University Foundation, and is a member of the board of directors of the National Association of Water Companies.
About the Company
Provident Financial Services, Inc. is the holding company for Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839. Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Queens County in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and insurance services through its wholly owned subsidiary, SB One Insurance Agency, Inc. For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).