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KeyCorp said Chief Accounting Officer Douglas M. Schosser intends to resign effective March 15, 2024, to pursue a senior executive position at another company. The company said this on February 26, 2024.

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

Key points

AI summary
  1. KeyCorp said Chief Accounting Officer Douglas M. Schosser intends to resign effective March 15, 2024, to pursue a senior executive position at another company. The company said this on February 26, 2024.

  2. The company said Corporate Controller Stacy L. Gilbert will succeed Schosser as Chief Accounting Officer upon his resignation and take on the responsibilities of principal accounting officer.

  3. KeyCorp said Gilbert has served as Corporate Controller since August 2023. It said she first joined Key in 2002, then left for FirstMerit Corporation in 2008, and rejoined in 2016.

  4. KeyCorp said Chief Financial Officer Clark Khayat cited Gilbert's more than 25 years of accounting and financial reporting experience and called the succession well-planned. The company said Khayat also thanked Schosser for his contributions over more than 25 years.

Summary

AI-written

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

Chief Accounting Officer Departure

KeyCorp said Chief Accounting Officer Douglas M. Schosser intends to resign effective March 15, 2024, to pursue a senior executive position at another company. The company said this on February 26, 2024.

Source · Based on the filing body and exhibits

Named Successor as Chief Accounting Officer

The company said Corporate Controller Stacy L. Gilbert will succeed Schosser as Chief Accounting Officer upon his resignation and take on the responsibilities of principal accounting officer.

Source · Based on the filing body and exhibits

Gilbert's Career

KeyCorp said Gilbert has served as Corporate Controller since August 2023. It said she first joined Key in 2002, then left for FirstMerit Corporation in 2008, and rejoined in 2016.

Source · Based on the filing body and exhibits

CFO Comments on Appointments

KeyCorp said Chief Financial Officer Clark Khayat cited Gilbert's more than 25 years of accounting and financial reporting experience and called the succession well-planned. The company said Khayat also thanked Schosser for his contributions over more than 25 years.

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.