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 22, 2023

PEAPACK-GLADSTONE FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Charter)


New Jersey
  
001-16197
  
22-3537895
(State or Other Jurisdiction
of Incorporation)
  
(Commission File No.)
  
(I.R.S. Employer
Identification No.)
     
500 Hills Drive, Suite 300, Bedminster, New Jersey
  
07921
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant’s telephone number, including area code:  (908) 234-0700

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
  
Trading
Symbol(s)
  
Name of each exchange on which registered
Common
  
PGC
  
The NASDAQ Stock Market, LLC

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))

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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 22, 2023, the Board of Directors of Peapack-Gladstone Financial Corporation (the “Company”) and its wholly owned subsidiary Peapack-Gladstone Bank (the “Bank”) appointed Patrick Campion to the Board of Directors of the Company and the Bank, effective immediately.  The Board of Directors also appointed Mr. Campion to the NJ Trust Committee of the Board of Directors. Mr. Campion will be considered an independent director.
Mr. Campion, age 62, served as Chief Executive Officer of HSBC’s US Private Bank from 2007 to 2016.  Prior to that position, he served as U.S. Wealth Management Head at Deutsche Bank from 2005 to 2007 and as Manager of NY-CT at Citi Private Bank from 1999 to 2005.  Mr. Campion currently serves as a director of The Normandy Institute.  Mr. Campion served on the Deutsche Bank USA Board of Directors from 2016 to 2018 and the Deutsche Bank Securities, Inc. Board of Directors from 2018 to 2020.  Mr. Campion also has previously served as a director on the Boards of Directors of Deutsche Bank Foundation, the University of Connecticut Foundation and Housing Works.  Mr. Campion holds a Bachelors degree in Economics from the University of Connecticut.
There were no arrangements or understandings between Mr. Campion and any other person pursuant to which Mr. Campion was selected as a director. Mr. Campion is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.

A news release containing additional information is included herewith as Exhibit 99.1.

Item 9.01
Financial Statements and Exhibits

(d) Exhibits


 99.1
News release dated June 22, 2023


104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
 

 
PEAPACK-GLADSTONE FINANCIAL CORPORATION
 
 
 
Dated: June 22, 2023
By:   /s/ Douglas L. Kennedy
 
Douglas L. Kennedy
 
President and Chief Executive Officer
 




Exhibit 99.1


FOR IMMEDIATE RELEASE

PEAPACK-GLADSTONE FINANCIAL CORPORATION ANNOUNCES THE APPOINTMENT OF A NEW DIRECTOR
PHOTO CAPTION:  Patrick Campion, Peapack-Gladstone Financial Corporation Board Member

BEDMINSTER, N.J. – June 22, 2023 – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces the appointment of Patrick Campion to the Board of Directors of the Company and of Peapack-Gladstone Bank, effective June 22, 2023.
Patrick Campion is an innovative financial services executive with more than 20 years of expertise leading US regional and international wealth management businesses at Deutsche Bank, HSBC, and Citi Private Bank, driving both financial and cultural transformations.  Patrick led successful strategies for business growth, sales and performance management, client experience and regulatory compliance.  A visible LGBT executive, Patrick is a long-standing advocate for diversity with a reputation for building healthy workplace cultures of purpose, communication, transparency, and accountability.
“I am happy to welcome Patrick to our board,” commented F. Duffield Meyercord, Chairman of the Board.  “Patrick’s 30 plus years as an executive, leading private banking and wealth management business in New York City and across the Americas, along with his drive to elevate performance and encourage diversity of thought and experience, will help us to elevate our wealth management brand in the metro-NY market and beyond.”
Patrick is a graduate of the University of Connecticut with a Bachelor of Arts in Economics.  He is NACD Directorship CertifiedTM.  He is currently a board member of The Normandy Institute and a former member of various bank boards and executive committees including Deutsche Bank USA, Deutsche Bank Securities, Deutsche Bank Foundation, the University of Connecticut Foundation and Housing Works.
ABOUT THE CORPORATION
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.5 billion and assets under management and/or administration of $10.4 billion as of March 31, 2023.  Founded in 1921, Peapack-Gladstone Bank is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions.  Peapack Private, the Bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions, to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy.  Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service.  Visit www.pgbank.com and www.peapackprivate.com for more information.
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Contact:  Denise M. Pace-Sanders, Senior Vice President, Managing Principal, Brand and Marketing Director, [email protected], 908.470.3322, Peapack-Gladstone Bank, 500 Hills Drive, Suite 300, Bedminster, NJ 07921