UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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CURRENT REPORT ON FORM 8-K
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c) Appointment of Certain Officers
On March 24, 2023, the Board of Directors of New York Community Bancorp, Inc. (the “Company”) appointed Executive Vice President and Chief Accounting Officer, Bryan L. Marx, as principal accounting officer of the Company. Mr. Marx will serve as the Company’s principal accounting officer in his current capacity as Executive Vice President and Chief Accounting Officer of the Company and John J. Pinto, the Senior Executive Vice President and Chief Financial Officer of the Company, who has been serving as both principal financial officer and principal accounting officer, will continue serving as the Company’s principal financial officer.
Mr. Marx, age 47, joined the Company as Executive Vice President and Chief Accounting Officer in connection with the completion of the Company’s acquisition of Flagstar Bancorp, Inc. (“Flagstar”) on December 1, 2022. From 2013 to November 30, 2022, Mr. Marx served as Chief Accounting Officer of Flagstar. and, prior to joining Flagstar, he was employed by PriceWaterhouseCoopers LLP as a senior manager in the Banking and Capital Markets practice.
Mr. Marx is an “at will” employee and does not have an employment or severance agreement with the Company. The written and unwritten arrangements under which Mr. Marx is compensated include:
| • | a base salary, which is currently $297,025, reviewed annually by the Compensation Committee of the Board of Directors of the Company; |
| • | eligibility for cash bonuses and eligibility for awards under the Company’s 2020 Omnibus Incentive Plan, as determined by the Compensation Committee; and |
| • | a broad-based benefits package offered to all employees, including medical, dental and vision benefits and long-term disability, life, accidental death and dismemberment and voluntary life insurance. |
No material plan, contract or arrangement has been entered into, or materially amended, in connection with Mr. Marx’s appointment as the Company’s principal accounting officer and no grant or award has been made to Mr. Marx under any such plan, contract or arrangement in connection with his appointment as principal accounting officer.
There are no family relationships between Mr. Marx and any director or executive officer of the Company, and there are no arrangements or understandings with any person pursuant to which he has been selected as an officer of the Company. Except as provided above, there have been no transactions directly or indirectly involving Mr. Marx that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.
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: March 30, 2023 | NEW YORK COMMUNITY BANCORP, INC. | |||||
| /s/ Salvatore DiMartino | ||||||
| Salvatore DiMartino | ||||||
| Executive Vice President | ||||||
| Chief of Staff to the CEO | ||||||