Wesbanco Inc 8-K, filed Feb 28, 2020
Wesbanco Inc (WSBC)
About this 8-K
Wesbanco Inc filed this 8-K on February 28, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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 Instructions A.2. below):
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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:
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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
(c) Wesbanco, Inc. issued a press release today announcing several executive leadership promotions and expanded roles. These promotions are designed to improve operational efficiency and position the company for continued growth. The press release announcing the promotions is attached as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURE
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.
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Wesbanco, Inc. |
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(Registrant) |
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Date: February 28, 2020 |
/s/ Robert H. Young |
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Robert H. Young |
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Senior Executive Vice President and |
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Chief Financial Officer |
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WesBanco Announces New Executive Leadership Roles
Wheeling, WV, February 28, 2020 – WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company announced today several executive leadership promotions that align similar functions under existing executives to improve operational efficiency and position the company for continued growth.
The following executive leadership changes are effective immediately:
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Michael L. Perkins, Chief Risk & Administration Officer, has been promoted to Senior Executive Vice President, Group Head – Risk & Administration. In this expanded role, Ivan L. Burdine, who leads credit administration, will report to Mr. Perkins. |
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Anthony F. Pietranton, Human Resources Director, has been promoted to Senior Executive Vice President, Group Head – Human Resources & Facilities. In this expanded role, William J. Beckett, who leads facilities management and procurement, will report to Mr. Pietranton. |
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Robert H. Young, Chief Financial Officer, has been promoted to Senior Executive Vice President, Chief Financial Officer & Group Head – Finance. In this expanded role, Brent E. Richmond, who leads treasury, asset liability management, strategic planning, and internal reporting, will report to Mr. Young. |
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Jayson M. Zatta, Chief Banking Officer, has been promoted to Senior Executive Vice President, Group Head – Banking & Trust. In this expanded role, Jonathan D. Dargusch, who leads wealth management, including trust, securities, private banking, and insurance, will report to Mr. Zatta. |
“I am very pleased to announce the promotions, and expanded roles, of these four executives who have been important contributors to our growth story,” said Todd F. Clossin, President and Chief Executive Officer of WesBanco. “Over the past six years, we have tripled in size while also diversifying our franchise through enhanced revenue streams and expansion across six states. These executives have been with the company for many years, and I am looking forward to working with them in their new capacities.”
Mr. Clossin continued, “The added benefit of these reporting line adjustments will be the ongoing opportunity for continued career growth and development for other leaders within our organization. These four executives will continue to report directly to me, as will our head of Community Affairs and our Regional Chairmen.”
About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel. Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share. Built upon our ‘Better Banking Pledge’, our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively. In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, WesBanco provides trust, wealth management, securities brokerage, and private banking services through our century-old Trust and Investment Services department, with approximately $4.7 billion of assets under management (as of December 31, 2019). WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 236 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Additionally, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.
SOURCE: WesBanco, Inc.
WesBanco Company Contact:
John H. Iannone
Senior Vice President, Investor and Public Relations
304-905-7021