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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): January 20, 2023

 

VALLEY NATIONAL BANCORP

(Exact Name of Registrant as Specified in Charter)

 

New Jersey   1-11277   22-2477875

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

One Penn Plaza, New York, New York       10119
(Address of Principal Executive Offices)       (Zip Code)

 

(973) 305-8800
(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):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o 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, no par value   VLY   Nasdaq Global Select Market
Non-Cumulative Perpetual Preferred Stock, Series A, no par value   VLYPP   Nasdaq Global Select Market
Non-Cumulative Perpetual Preferred Stock, Series B, no par value   VLYPO   Nasdaq Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company o

 

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. o On January 20, 2023, Ronen Agassi, a non-employee director on the board of directors (the “Board”) of Valley National Bancorp (the “Company”), notified the Company of his intention to resign from the Board effective February 28, 2023.

 

 

 

   

 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

 

 

Mr. Agassi was appointed to the Board as the designee of Bank Leumi Le-Israel B.M. (“Bank Leumi”) pursuant to the terms of the Investor Rights Agreement, dated as of April 1, 2022, by and between the Company and Bank Leumi. Mr. Agassi, currently Head of the Corporate Division of the LeumiGroup, has tendered his resignation in connection with his acceptance of a position with a new employer. Mr. Agassi’s resignation from the Board is not due to any disagreement between Mr. Agassi and the Company.

 

Bank Leumi has informed the Company that it intends to seek appointment of a new designee to the Board in Mr. Agassi’s place.

 

   

 

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.

 

Dated: January 24, 2023

VALLEY NATIONAL BANCORP

     
 

By:

/s/ Gary Michael

   

Gary Michael

   

Executive Vice President,
General Counsel & Corporate Secretary