Webster Financial 8-K 2016
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 19, 2016
WEBSTER FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code: (203) 578-2202
(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:
On September 19, 2016, the Board of Directors (the “Board”) of Webster Financial Corporation (the “Company”) appointed Lauren C. States as a member of the Board, effective September 19, 2016. Ms. States will serve on the Board until the Company’s 2017 annual meeting of shareholders. There are no arrangements or understandings pursuant to which Ms. States was appointed and there are no related party transactions between the Company and Ms. States.
For her service as a non-employee director on the Board, Ms. States will receive a pro rata portion of the annual cash retainer payable to the Company’s non-employee directors in accordance with the “Description of Arrangement for Directors Fees” filed as Exhibit 10.10 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and will receive an initial equity award of restricted stock equal to a pro-rated amount of the annual equity award granted to non-employee, non-chair directors for 2016.
A copy of the press release relating to the appointment of Ms. States is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 5.02.
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.