UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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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:
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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
(d) Election of Directors.
On December 12, 2024, the Board approved:
1) Brendan J. McGill, President and CEO, Harleysville Bank to serve as Chair of the Board of Directors and to serve on the Diversity Equity & Inclusion Committee, the Enterprise Risk Management Committee, and the Executive Committee ;
2) Mr. James V. Dionise, Director, NexTier Bank to serve as Chair of the Audit Committee, and Vice Chair of the Finance Committee, and to serve on the on the Diversity Equity & Inclusion Committee, the Enterprise Risk Management Committee, and the Executive Committee;
3) Romulo L. Diaz Jr., Principal, Turtle on Post, LLC to serve as Chair of the Diversity, Equity & Inclusion Committee, Vice Chair of the Human Resources Committee and to serve on the Enterprise Risk Management Committee and the Executive Committee; and
4) Dr. Howard Slaughter, President Habitat for Humanity of Greater Pittsburgh, to serve as Chair of the Governance and Public Policy Committee, and to serve on the Diversity Equity & Inclusion Committee, the Enterprise Risk Management Committee and the Executive Committee.
In addition, the Board approved the following standing Board Committee assignments for 2025 for both the reelected and all other directors. The composition of each Committee of the Board of Directors for 2025 is:
AUDIT
Mr. James V. Dionise, Chair
Mr. Thomas Bailey, Vice Chair
Ms. Barbara Adams
Ms. Angel L. Helm
Ms. Blanche L. Jackson
DIVERSITY, EQUITY & INCLUSION
Mr. Romulo L. Diaz, Jr., Esq., Chair
Ms. Blanche L. Jackson, Vice Chair
This is a committee of the whole Board of Directors.
ENTERPRISE RISK MANAGEMENT
Mr. Thomas Bailey, Chair
Mr. Joseph W. Major, Vice Chair
This is a committee of the whole Board of Directors.
FINANCE
Ms. Angel L. Helm, Chair
Mr. James V. Dionise, Vice Chair
Mr. Romulo L. Diaz, Jr., Esq.
Mr. Thomas A. Hendry
Mr. Nathaniel S. Bonnell
GOVERNANCE & PUBLIC POLICY
Dr. Howard B. Slaughter, Jr., Chair
Mr. Joseph W. Major, Vice Chair
Ms. Sheryl Jordan
Mr. Thomas H. Murphy
HUMAN RESOURCES
Ms. Jeane M. Vidoni, Chair
Mr. Romulo L. Diaz, Jr., Esq., Vice Chair
Mr. Joseph W. Major
Mr. Thomas A. Hendry
Ms. Sheryl Jordan
MEMBER CREDIT AND COMMUNITY INVESTMENT COMMITTEE (FORMERLY AHPS)
Mr. Glenn R. Brooks, Chair
Ms. Barbara Adams, Vice Chair
Mr. Thomas Bailey
Ms. Blanche L. Jackson
Ms. Jeane M. Vidoni
OPERATIONAL RISK
Mr. Thomas H. Murphy, Chair
Mr. Glenn R. Brooks, Vice Chair
Nathaniel S. Bonnell
Dr. Howard B. Slaughter, Jr.
EXECUTIVE
Mr. Brendan J. McGill, Chair
Ms. Louise M. Herrle, Vice Chair
Mr. Thomas Bailey
Mr. Glenn R. Brooks
Mr. Romulo Diaz, Jr., Esq.
Mr. James V. Dionise
Ms. Angel L. Helm
Mr. Thomas H. Murphy
Dr. Howard B. Slaughter, Jr.
Ms. Jeane M. Vidoni
On December 14, 2023, Mr. Brendan J. McGill was elected Board Chair for the term beginning January 1, 2024 and ending December 31, 2025 and Ms. Louise M. Herrle was re-elected Board Vice Chair for the same term. Mr. McGill and Ms. Herrle are voting members of the Executive, Enterprise Risk, and DEI Committees and ex officio non-voting members of the other Board standing committees. Directors will continue to be compensated in accordance with the 2024 Directors’ Compensation Policy (2024 Policy) as follows: 1) $152,000 for the Board Chair; 2) $140,000 for the Vice Chair of the Board, 3) $132,000 for the Audit, Enterprise Risk, and Human Resources Committee Chairs, 4) $130,210 for each other Committee Chairs, and 5) $123,000 for each of the other Directors. The 2025 Policy is subject to non-objection from the Federal Housing Finance Agency.
SIGNATURE(S)
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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Federal Home Loan Bank of Pittsburgh |
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December 17, 2024 |
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By: |
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/s/ Peggy Delinois Hamilton |
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Name: Peggy Delinois Hamilton |
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Title: General Counsel and Corporate Secretary |