8-K

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 and Exchange Act of 1934

Date of Report (Dated of earliest event reported): November 9, 2021

HERITAGE FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number 000-29480

Washington			91-1857900
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)
201 Fifth Avenue SW,	Olympia	WA	98501
(Address of principal executive offices)			(Zip Code)

(360) 943-1500

(Registrant’s telephone number, including area code)

Not applicable

(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:

☐	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	Name of each exchange on which registered
Common stock, no par value	HFWA	NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§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) Appointment of New Directors

On November 8, 2021 the Board of Directors (“Board”) of Heritage Financial Corporation (“Heritage”) approved the appointment of Trevor Dryer and Gail Giacobbe to the Heritage Board effective January 1, 2022. In addition, Mr. Dryer and Ms. Giacobbe were also appointed to the Board of Directors of Heritage’s financial institution subsidiary, Heritage Bank. Mr. Dryer will serve on the Audit and Risk Committees and Ms. Giacobbe will serve on the Compensation and Risk Committees.

For further information concerning Mr. Dryer’s and Ms. Giacobbe’s backgrounds, reference is made to the press release dated November 9, 2021, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

There are no family relationships between Mr. Dryer or Ms. Giacobbe and any director or other executive officer of Heritage or its subsidiaries and neither Mr. Dryer nor Ms. Giacobbe was appointed as a director pursuant to any arrangement or understanding with any person. Mr. Dryer and Ms. Giacobbe have not engaged in any transactions with Heritage or its subsidiaries that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1    Press Release dated November 9, 2021 announcing the new directors

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

    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.

	HERITAGE FINANCIAL CORPORATION
Date:
November 9, 2021	/S/    JEFFREY J. DEUEL
	Jeffrey J. Deuel
	President and Chief Executive Officer
	(Duly Authorized Officer)

EX-99.1

Exhibit 99.1 For Immediate Release November 9, 2021 Heritage Financial Corporation Appoints Trevor Dryer and Gail Giacobbe to its Board of Directors Olympia, WA, November 9, 2021/PRNewswire/ – Heritage Financial Corporation (“Heritage”) (NASDAQ: HFWA), is pleased to announce the appointment of Trevor Dryer and Gail Giacobbe to its Board of Directors. Mr. Dryer and Ms. Giacobbe were also appointed to the Board of Directors of Heritage’s wholly-owned subsidiary, Heritage Bank. The appointments are effective January 1, 2022. “We are pleased to welcome Trevor and Gail to our board of directors,” said Brian L. Vance, Board Chair. “Trevor is a fintech and small business lending subject matter expert with executive leadership experience which spans from fintech startups to global technology companies. He is a former attorney and a community leader in the Portland region. Gail brings deep expertise in digital transformation, including personalization and customer experience to the board. She also brings extensive experience in strategic leadership, management, and cultural transformation. As the banking industry experiences ongoing digital transformation and as we evolve our new technology solutions, we are looking forward to the addition of their technical expertise on our board.” Mr. Dryer was the CEO and Director of Mirador from 2014 to 2018. Mirador was a company he co-founded to provide small businesses with the digital platform to access reasonably priced loans from banks and credit unions. Mirador was acquired by CUNA Mutual in 2018, and he remained on as CEO through early 2020 to facilitate the integration. After leaving CUNA Mutual, Mr. Dryer joined Serent Capital, a software- focused private equity firm, as a senior vice president on its growth team. During his tenure, he served on the firm’s investment committee and worked with a variety of portfolio companies on corporate strategy and implementing processes to scale sales, customer success and other functions. He also serves on the boards of Cozera and Qualtik, both venture-backed software companies and previously was the Executive Chair of Zingo, a startup that was sold to Credit Sesame in 2021. Earlier in his career, Mr. Dryer worked at Vesta Corporation as Entrepreneur in Residence where he created a new payments product, and Intuit where he led their Mobile Payments and Point-of-Sale businesses. Trevor is a former attorney at Munger, Tolles & Olson as well as a judicial clerk on the U.S. Court of Appeals for the Ninth Circuit. Mr. Dryer resides in Portland, Oregon, and earned a J.D. degree from Stanford Law School, where he was CFO of Stanford Law Review, a Teaching Assistant, and a Research Assistant. He attained an A.B. degree in History and Literature from Harvard University, magna cum laude. He was active in Phi Beta Kappa, Committee on Public Service, and Student Advisory Council at the Institute of Politics.

Ms. Giacobbe currently serves as General Manager for Customer Success Engineering at Microsoft. She is a senior technology products and services executive with 20 years of experience leading product organizations in enterprise, B2B, education and consumer software, spanning Fortune 100 companies, high growth venture capital and private equity funded enterprises. Formerly, Ms. Giacobbe worked at GoDaddy from 2015 to 2019, where she served as Vice President of Product and User Experience and led GoDaddy's Women in Tech employee resource group. Prior to GoDaddy, Gail worked in a variety of product leadership roles at Microsoft including Principal Group Product Manager for Skype, Principal Group Program Manager for Outlook, and Principal Product Lead for SharePoint. Ms. Giacobbe resides in Seattle, Washington and is an active community leader. She has served on the board of directors of JFS Seattle since 2014, where she currently chairs the human resources and compensation committees. Since 2019, she has served on the advisory board for the Seattle University Data Science program, providing guidance for the design of the MS in Data Science program offering, which launched in the fall of 2021. Ms. Giacobbe graduated with honors from Princeton University and holds a Master of Arts in Teaching from Brown University. About Heritage Heritage Financial Corporation is an Olympia-based bank holding company with Heritage Bank, a full-service commercial bank, as its sole wholly-owned banking subsidiary. Heritage Bank has a branching network of 49 banking offices in Washington and Oregon. Heritage Bank also does business under the Whidbey Island Bank name on Whidbey Island. Heritage’s stock is traded on the NASDAQ Global Select Market under the symbol “HFWA”. More information about Heritage Financial Corporation can be found on its website at www.hf-wa.com and more information about Heritage Bank can be found on its website at www.heritagebanknw.com. Contact Jeffrey J. Deuel, President and Chief Executive Officer, (360) 943-1500

XML

Cover Page Cover Page	Nov. 09, 2021	Jul. 01, 2021
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Nov. 09, 2021
Entity Registrant Name	HERITAGE FINANCIAL CORP
Entity File Number	000-29480
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-1857900
Entity Address, Address Line One	201 Fifth Avenue SW,
Entity Address, City or Town	Olympia
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98501
City Area Code	(360)
Local Phone Number	943-1500
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, no par value
Trading Symbol	HFWA
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key		0001046025
Amendment Flag		false