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FULTON FINANCIAL CORP false 0000700564 0000700564 2023-12-20 2023-12-20 0000700564 us-gaap:CommonStockMember 2023-12-20 2023-12-20 0000700564 us-gaap:SeriesAPreferredStockMember 2023-12-20 2023-12-20

 

 

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

December 20, 2023

Date of Report (date of earliest event reported)

 

 

Fulton Financial Corporation

(Exact name of registrant as specified in its charter)

 

 

 

Pennsylvania   001-39680   23-2195389

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

One Penn Square, P.O. Box 4887 Lancaster, Pennsylvania   17604
(Address of Principal Executive Offices)   (Zip Code)

(717) 291-2411

(Registrant’s telephone number, including area code)

 

 

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(s)

 

Name of each exchange

on which registered

Common stock, par value $2.50   FULT   The Nasdaq Stock Market, LLC
Depositary Shares, Each Representing 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A   FULTP   The Nasdaq Stock Market, LLC

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.

Fulton Financial Corporation (“Fulton”) announced on December 20, 2023 that Angela Snyder, age 59, has been named President of Fulton and Fulton Bank, N.A. (“Fulton Bank”) effective January 1, 2024 (the “Effective Date”).

Ms. Snyder has been Senior Executive Vice President and Chief Banking Officer of Fulton and Fulton Bank since 2022. She was Head of Consumer Banking from 2018 to 2022. Ms. Snyder joined Fulton in 2002 as President of Woodstown National Bank. Ms. Snyder served as Chairwoman, President, and Chief Executive Officer of Fulton Bank of New Jersey (“Fulton NJ”) until 2019, when Fulton consolidated Fulton NJ into Fulton Bank. She has more than 30 years of experience in the financial services industry.

The press release, dated December 20, 2023, announcing Ms. Snyder’s promotion, attached to this Current Report on Form 8-K as Exhibit 99.1, is hereby incorporated herein by reference.

Fulton previously entered into an Executive Employment Agreement with Ms. Snyder, effective January 1, 2018 (the “Executive Employment Agreement”) and a Key Employee Change in Control Agreement dated January 1, 2018 (“Key Employee Change in Control Agreement”). On the Effective Date, Ms. Snyder’s annual base salary will be increased to $550,000.00. Ms. Snyder will continue to be eligible to participate in Fulton’s annual cash and equity-based long-term incentive plans.

Brief descriptions of the Executive Employment Agreement and the Key Employee Change in Control Agreement are set forth under Item 5.02 in a Current Report on Form 8-K filed January 4, 2018. The descriptions of the Executive Employment Agreement and Key Employee Change in Control Agreement set forth therein are qualified in their entirety by reference to the form of Executive Employment Agreement (incorporated by reference to Exhibit 10.1 of the Fulton Current Report on Form 8-K filed January 4, 2018) and form of Key Employee Change in Control Agreement (incorporated by reference to Exhibit 10.2 of the Fulton Current Report on Form 8-K filed January 4, 2018).

With respect to the disclosure required pursuant to Item 401(d) of Regulation S-K, there are no family relationships between Ms. Snyder and any director or executive officer of Fulton. With respect to the disclosure required pursuant to Item 404(a) of Regulation S-K, there are no transactions between Ms. Snyder and Fulton that are required to be disclosed.

 


Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit
    No.    

  

Description

99.1    Press Release dated December 20, 2023
104    Cover page Interactive Data File (the cover page XBRL tags are 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.

Date: December 20, 2023

 

/s/ Natasha R. Luddington

Natasha R. Luddington
Senior Executive Vice President,
Chief Legal Officer and Corporate Secretary
EX-99.1 2 d422400dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

 

FOR IMMEDIATE RELEASE   

Contact: Steve Trapnell

(717) 291-2739

Fulton Financial Corporation Names Angela Snyder as President

Lancaster, Pa. (December 20, 2023) – Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced that Angela Snyder has been named President of Fulton and Fulton Bank, N.A. (“Fulton Bank”) and a director of Fulton Bank, effective January 1, 2024.

“Angela is an incredible asset to our organization,” said Fulton Chairman and CEO Curt Myers. “She has helped shape our culture with her positive attitude and energy. Her deep knowledge of our business and our customers make her the ideal person to help lead a significant part of our company moving forward.”

As President, Snyder will lead Fulton’s efforts to optimize costs and grow organically while overseeing all lines of business.

Snyder has more than 30 years of experience in the financial services industry and has served as Chief Banking Officer since 2022. She joined Fulton in 2002 as President of Woodstown National Bank and then served as Chairwoman, President and CEO of Fulton Bank of New Jersey until 2019, when it was consolidated into Fulton Bank.

About Fulton Financial Corporation

Fulton Financial Corporation, a $27 billion Lancaster, Pennsylvania-based financial holding company, has approximately 3,300 employees and operates more than 200 financial centers in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through Fulton Bank, N.A.

Additional information on Fulton Financial Corporation and Fulton Bank is available at fultonbank.com.

###


LOGO

 Photo 1: Angela Snyder, President and Chief Banking Officer, Fulton Financial Corporation and Fulton Bank, N.A.