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Citizens Financial Group logoCitizens Financial Group CFG

Jack Read, the company's Corporate Controller and Chief Accounting Officer, informed the company on June 7, 2024 of his decision to resign, effective August 7, 2024, the company said.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Jack Read, the company's Corporate Controller and Chief Accounting Officer, informed the company on June 7, 2024 of his decision to resign, effective August 7, 2024, the company said.

  2. The company said Read's decision is due to personal reasons and is not the result of any disagreement with the company on finance, accounting, operations, policies or practices. It said Read is resigning to pursue a career opportunity with an organization outside the banking sector.

  3. The company said John F. Woods, Vice Chair and Chief Financial Officer, will serve as Chief Accounting Officer on an interim basis after Read's departure.

  4. Citizens Financial Group said it is conducting an internal and external search for Read's successor. It said the earliest event reported in this filing is June 7, 2024, and the filing is signed on June 12, 2024.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Jack Read Informs Company of Intent to Resign

Jack Read, the company's Corporate Controller and Chief Accounting Officer, informed the company on June 7, 2024 of his decision to resign, effective August 7, 2024, the company said.

Source · Based on the filing body and exhibits

Reason for Resignation and No Disagreement

The company said Read's decision is due to personal reasons and is not the result of any disagreement with the company on finance, accounting, operations, policies or practices. It said Read is resigning to pursue a career opportunity with an organization outside the banking sector.

Source · Based on the filing body and exhibits

Woods to Serve as Interim Chief Accounting Officer

The company said John F. Woods, Vice Chair and Chief Financial Officer, will serve as Chief Accounting Officer on an interim basis after Read's departure.

Source · Based on the filing body and exhibits

Internal and External Search for Successor Underway

Citizens Financial Group said it is conducting an internal and external search for Read's successor. It said the earliest event reported in this filing is June 7, 2024, and the filing is signed on June 12, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.