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[8-K] Webster Financial Corporation Waterbury Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Webster Financial Corporation (NYSE: WBS) filed an 8-K disclosing two governance actions.

  • On June 25, 2025, the Board appointed Frederick J. Crawford as an independent director, effective July 1, 2025. His addition increases the Board from 12 to 13 members and places him on the Audit and Risk Committees. The Board deemed him financially literate and an 鈥渁udit committee financial expert.鈥� There are no related-party relationships, and he will receive prorated non-employee director compensation.
  • A July 1, 2025 press release (Exhibit 99.1) announced Jason Schugel will become Chief Risk Officer and Executive Vice President, effective July 14, 2025.

No financial results, capital transactions or strategic deals were reported. The filing is primarily a leadership update that modestly strengthens risk and audit oversight without immediate earnings impact.

Webster Financial Corporation (NYSE: WBS) ha presentato un modulo 8-K comunicando due azioni di governance.

  • Il 25 giugno 2025, il Consiglio ha nominato Frederick J. Crawford come direttore indipendente, con effetto dal 1掳 luglio 2025. La sua nomina porta il numero dei membri del Consiglio da 12 a 13 e lo inserisce nei Comitati Audit e Risk. Il Consiglio lo ha riconosciuto finanziariamente competente e come un 鈥渆sperto finanziario del comitato di audit鈥�. Non ci sono rapporti con parti correlate e ricever脿 una compensazione proporzionale da direttore non dipendente.
  • Un comunicato stampa del 1掳 luglio 2025 (Allegato 99.1) ha annunciato che Jason Schugel assumer脿 il ruolo di Chief Risk Officer e Vice Presidente Esecutivo, con effetto dal 14 luglio 2025.

Non sono stati riportati risultati finanziari, operazioni di capitale o accordi strategici. Il documento 猫 principalmente un aggiornamento sulla leadership che rafforza modestamente la supervisione del rischio e dell鈥檃udit senza impatti immediati sugli utili.

Webster Financial Corporation (NYSE: WBS) present贸 un formulario 8-K informando sobre dos acciones de gobernanza.

  • El 25 de junio de 2025, la Junta nombr贸 a Frederick J. Crawford como director independiente, con efecto a partir del 1 de julio de 2025. Su incorporaci贸n eleva el n煤mero de miembros de la Junta de 12 a 13 y lo incluye en los Comit茅s de 础耻诲颈迟辞谤铆补 y Riesgos. La Junta lo consider贸 financieramente competente y un 鈥渆xperto financiero del comit茅 de auditor铆a鈥�. No existen relaciones con partes vinculadas y recibir谩 una compensaci贸n prorrateada como director no empleado.
  • Un comunicado de prensa del 1 de julio de 2025 (Anexo 99.1) anunci贸 que Jason Schugel asumir谩 el cargo de Chief Risk Officer y Vicepresidente Ejecutivo, con efecto a partir del 14 de julio de 2025.

No se reportaron resultados financieros, transacciones de capital ni acuerdos estrat茅gicos. La presentaci贸n es principalmente una actualizaci贸n de liderazgo que fortalece modestamente la supervisi贸n de riesgos y auditor铆a sin impacto inmediato en las ganancias.

Webster Financial Corporation (NYSE: WBS)電� 霊� 臧�歆� 瓯半矂雱岇姢 臁办箻毳� 瓿店皽頃橂姅 8-K 氤搓碃靹滊ゼ 鞝滌稖頄堨姷雼堧嫟.

  • 2025雲� 6鞗� 25鞚�, 鞚挫偓須岆姅 Frederick J. Crawford毳� 霃呺 鞚挫偓搿� 鞛勲獏頄堨溂氅�, 2025雲� 7鞗� 1鞚茧秬韯� 須牓鞚� 氚滌儩頃╇媹雼�. 攴胳潣 頃╇搿� 鞚挫偓須� 甑劚鞗� 靾橁皜 12氇呾棎靹� 13氇呾溂搿� 電橃柎雮橂┌, 攴鸽姅 臧愳偓 氚� 鞙勴棙 鞙勳洂須岇棎 氚办箻霅╇媹雼�. 鞚挫偓須岆姅 攴鸽ゼ 鞛鞝侅溂搿� 電レ垯頃橂┌ 鈥滉皭靷渼鞗愴殞 鞛 鞝勲臧�鈥�搿� 鞚胳爼頄堨姷雼堧嫟. 鞚错暣甏�瓿勳瀽 甏�瓿勲姅 鞐嗢溂氅�, 牍勳瀯鞗� 鞚挫偓 氤挫垬毳� 牍勲 氚半秳頃橃棳 氚涥矊 霅╇媹雼�.
  • 2025雲� 7鞗� 1鞚� 氤措弰鞛愲(攵�靻嶌劀 99.1)鞐愳劀電� Jason Schugel鞚� 2025雲� 7鞗� 14鞚茧秬韯� 斓滉碃鞙勴棙甏�毽眳鞛勳瀽(Chief Risk Officer) 瓴� 攵�靷灔鞙茧 鞛勲獏霅滊嫟瓿� 氚滍憸頄堨姷雼堧嫟.

鞛 鞁れ爜, 鞛愲掣 瓯半灅 霕愲姅 鞝勲灥鞝� 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 鞝滌稖鞚� 欤茧 毽崝鞁� 鞐呺嵃鞚错姼搿�, 鞙勴棙 氚� 臧愳偓 臧愲弲鞚� 靻岉彮 臧曧檾頃橃毵� 歃夑皝鞝侅澑 靾橃澋 鞓來枼鞚� 鞐嗢姷雼堧嫟.

Webster Financial Corporation (NYSE : WBS) a d茅pos茅 un formulaire 8-K r茅v茅lant deux actions de gouvernance.

  • Le 25 juin 2025, le Conseil d'administration a nomm茅 Frederick J. Crawford en tant qu'administrateur ind茅pendant, 脿 compter du 1er juillet 2025. Son int茅gration porte le nombre de membres du Conseil de 12 脿 13 et le place dans les comit茅s Audit et Risque. Le Conseil l'a jug茅 comp茅tent financi猫rement et un 芦 expert financier du comit茅 d'audit 禄. Il n'existe aucune relation avec des parties li茅es, et il recevra une r茅mun茅ration proratis茅e en tant qu'administrateur non salari茅.
  • Un communiqu茅 de presse du 1er juillet 2025 (Exhibit 99.1) a annonc茅 que Jason Schugel deviendra Chief Risk Officer et Vice-Pr茅sident Ex茅cutif, 脿 compter du 14 juillet 2025.

Aucun r茅sultat financier, transaction de capital ou accord strat茅gique n'a 茅t茅 rapport茅. Le d茅p么t constitue principalement une mise 脿 jour de la direction qui renforce modestement la supervision des risques et de l'audit sans impact imm茅diat sur les r茅sultats.

Webster Financial Corporation (NYSE: WBS) reichte ein 8-K ein, in dem zwei Governance-Ma脽nahmen bekannt gegeben wurden.

  • Am 25. Juni 2025 ernannte der Vorstand Frederick J. Crawford zum unabh盲ngigen Direktor mit Wirkung zum 1. Juli 2025. Seine Ernennung erh枚ht die Anzahl der Vorstandsmitglieder von 12 auf 13 und er wird in die Audit- und Risk-Aussch眉sse berufen. Der Vorstand hielt ihn f眉r finanziell versiert und bezeichnete ihn als 鈥瀎inanziellen Experten des Pr眉fungsausschusses鈥�. Es bestehen keine Beziehungen zu verbundenen Parteien, und er erh盲lt eine anteilige Verg眉tung als nicht angestelltes Vorstandsmitglied.
  • Eine Pressemitteilung vom 1. Juli 2025 (Anlage 99.1) k眉ndigte an, dass Jason Schugel ab dem 14. Juli 2025 Chief Risk Officer und Executive Vice President wird.

Es wurden keine Finanzergebnisse, Kapitaltransaktionen oder strategische Gesch盲fte gemeldet. Die Einreichung ist haupts盲chlich ein F眉hrungsupdate, das die Risiko- und Pr眉fungsaufsicht leicht st盲rkt, ohne unmittelbare Auswirkungen auf die Gewinne.

Positive
  • Appointment of Frederick J. Crawford adds an independent audit committee financial expert, strengthening board oversight.
  • Naming Jason Schugel as Chief Risk Officer underscores the company鈥檚 proactive approach to enterprise risk management.
Negative
  • None.

Insights

TL;DR: Board adds independent audit expert; governance improves, financial effect negligible.

The appointment of Frederick J. Crawford enhances board independence and audit proficiency, aligning Webster with best-practice governance standards. Expanding the board to 13 directors increases oversight capacity as regulatory expectations rise. Compensation is routine and no conflicts exist. Governance risk declines slightly, yet valuation impact is minimal; I view the disclosure as modestly positive but not market-moving.

TL;DR: New CRO role highlights risk focus; impact neutral until strategy details emerge.

Installing Jason Schugel as Chief Risk Officer clarifies accountability within Webster鈥檚 three-lines-of-defense structure amid a challenging credit cycle. However, the 8-K offers no insight into his mandate, portfolio adjustments or risk appetite shifts, limiting quantifiable impact. The move is strategically prudent but currently earnings-neutral.

Webster Financial Corporation (NYSE: WBS) ha presentato un modulo 8-K comunicando due azioni di governance.

  • Il 25 giugno 2025, il Consiglio ha nominato Frederick J. Crawford come direttore indipendente, con effetto dal 1掳 luglio 2025. La sua nomina porta il numero dei membri del Consiglio da 12 a 13 e lo inserisce nei Comitati Audit e Risk. Il Consiglio lo ha riconosciuto finanziariamente competente e come un 鈥渆sperto finanziario del comitato di audit鈥�. Non ci sono rapporti con parti correlate e ricever脿 una compensazione proporzionale da direttore non dipendente.
  • Un comunicato stampa del 1掳 luglio 2025 (Allegato 99.1) ha annunciato che Jason Schugel assumer脿 il ruolo di Chief Risk Officer e Vice Presidente Esecutivo, con effetto dal 14 luglio 2025.

Non sono stati riportati risultati finanziari, operazioni di capitale o accordi strategici. Il documento 猫 principalmente un aggiornamento sulla leadership che rafforza modestamente la supervisione del rischio e dell鈥檃udit senza impatti immediati sugli utili.

Webster Financial Corporation (NYSE: WBS) present贸 un formulario 8-K informando sobre dos acciones de gobernanza.

  • El 25 de junio de 2025, la Junta nombr贸 a Frederick J. Crawford como director independiente, con efecto a partir del 1 de julio de 2025. Su incorporaci贸n eleva el n煤mero de miembros de la Junta de 12 a 13 y lo incluye en los Comit茅s de 础耻诲颈迟辞谤铆补 y Riesgos. La Junta lo consider贸 financieramente competente y un 鈥渆xperto financiero del comit茅 de auditor铆a鈥�. No existen relaciones con partes vinculadas y recibir谩 una compensaci贸n prorrateada como director no empleado.
  • Un comunicado de prensa del 1 de julio de 2025 (Anexo 99.1) anunci贸 que Jason Schugel asumir谩 el cargo de Chief Risk Officer y Vicepresidente Ejecutivo, con efecto a partir del 14 de julio de 2025.

No se reportaron resultados financieros, transacciones de capital ni acuerdos estrat茅gicos. La presentaci贸n es principalmente una actualizaci贸n de liderazgo que fortalece modestamente la supervisi贸n de riesgos y auditor铆a sin impacto inmediato en las ganancias.

Webster Financial Corporation (NYSE: WBS)電� 霊� 臧�歆� 瓯半矂雱岇姢 臁办箻毳� 瓿店皽頃橂姅 8-K 氤搓碃靹滊ゼ 鞝滌稖頄堨姷雼堧嫟.

  • 2025雲� 6鞗� 25鞚�, 鞚挫偓須岆姅 Frederick J. Crawford毳� 霃呺 鞚挫偓搿� 鞛勲獏頄堨溂氅�, 2025雲� 7鞗� 1鞚茧秬韯� 須牓鞚� 氚滌儩頃╇媹雼�. 攴胳潣 頃╇搿� 鞚挫偓須� 甑劚鞗� 靾橁皜 12氇呾棎靹� 13氇呾溂搿� 電橃柎雮橂┌, 攴鸽姅 臧愳偓 氚� 鞙勴棙 鞙勳洂須岇棎 氚办箻霅╇媹雼�. 鞚挫偓須岆姅 攴鸽ゼ 鞛鞝侅溂搿� 電レ垯頃橂┌ 鈥滉皭靷渼鞗愴殞 鞛 鞝勲臧�鈥�搿� 鞚胳爼頄堨姷雼堧嫟. 鞚错暣甏�瓿勳瀽 甏�瓿勲姅 鞐嗢溂氅�, 牍勳瀯鞗� 鞚挫偓 氤挫垬毳� 牍勲 氚半秳頃橃棳 氚涥矊 霅╇媹雼�.
  • 2025雲� 7鞗� 1鞚� 氤措弰鞛愲(攵�靻嶌劀 99.1)鞐愳劀電� Jason Schugel鞚� 2025雲� 7鞗� 14鞚茧秬韯� 斓滉碃鞙勴棙甏�毽眳鞛勳瀽(Chief Risk Officer) 瓴� 攵�靷灔鞙茧 鞛勲獏霅滊嫟瓿� 氚滍憸頄堨姷雼堧嫟.

鞛 鞁れ爜, 鞛愲掣 瓯半灅 霕愲姅 鞝勲灥鞝� 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 鞚措矆 鞝滌稖鞚� 欤茧 毽崝鞁� 鞐呺嵃鞚错姼搿�, 鞙勴棙 氚� 臧愳偓 臧愲弲鞚� 靻岉彮 臧曧檾頃橃毵� 歃夑皝鞝侅澑 靾橃澋 鞓來枼鞚� 鞐嗢姷雼堧嫟.

Webster Financial Corporation (NYSE : WBS) a d茅pos茅 un formulaire 8-K r茅v茅lant deux actions de gouvernance.

  • Le 25 juin 2025, le Conseil d'administration a nomm茅 Frederick J. Crawford en tant qu'administrateur ind茅pendant, 脿 compter du 1er juillet 2025. Son int茅gration porte le nombre de membres du Conseil de 12 脿 13 et le place dans les comit茅s Audit et Risque. Le Conseil l'a jug茅 comp茅tent financi猫rement et un 芦 expert financier du comit茅 d'audit 禄. Il n'existe aucune relation avec des parties li茅es, et il recevra une r茅mun茅ration proratis茅e en tant qu'administrateur non salari茅.
  • Un communiqu茅 de presse du 1er juillet 2025 (Exhibit 99.1) a annonc茅 que Jason Schugel deviendra Chief Risk Officer et Vice-Pr茅sident Ex茅cutif, 脿 compter du 14 juillet 2025.

Aucun r茅sultat financier, transaction de capital ou accord strat茅gique n'a 茅t茅 rapport茅. Le d茅p么t constitue principalement une mise 脿 jour de la direction qui renforce modestement la supervision des risques et de l'audit sans impact imm茅diat sur les r茅sultats.

Webster Financial Corporation (NYSE: WBS) reichte ein 8-K ein, in dem zwei Governance-Ma脽nahmen bekannt gegeben wurden.

  • Am 25. Juni 2025 ernannte der Vorstand Frederick J. Crawford zum unabh盲ngigen Direktor mit Wirkung zum 1. Juli 2025. Seine Ernennung erh枚ht die Anzahl der Vorstandsmitglieder von 12 auf 13 und er wird in die Audit- und Risk-Aussch眉sse berufen. Der Vorstand hielt ihn f眉r finanziell versiert und bezeichnete ihn als 鈥瀎inanziellen Experten des Pr眉fungsausschusses鈥�. Es bestehen keine Beziehungen zu verbundenen Parteien, und er erh盲lt eine anteilige Verg眉tung als nicht angestelltes Vorstandsmitglied.
  • Eine Pressemitteilung vom 1. Juli 2025 (Anlage 99.1) k眉ndigte an, dass Jason Schugel ab dem 14. Juli 2025 Chief Risk Officer und Executive Vice President wird.

Es wurden keine Finanzergebnisse, Kapitaltransaktionen oder strategische Gesch盲fte gemeldet. Die Einreichung ist haupts盲chlich ein F眉hrungsupdate, das die Risiko- und Pr眉fungsaufsicht leicht st盲rkt, ohne unmittelbare Auswirkungen auf die Gewinne.

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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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 25, 2025
 _________________________ 
WEBSTER FINANCIAL CORPORATION
 _________________________________________
(Exact name of registrant as specified in its charter)
Delaware 001-31486 06-1187536
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

200 Elm Street, Stamford, Connecticut 06902
(Address and zip code of principal executive offices)

203-578-2202
(Registrant’s telephone number, including area code)
______________________________________________________________________________
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 classTrading SymbolsName of each exchange on which registered
Common Stock, par value $0.01 per shareWBSNew York Stock Exchange
Depositary Shares, each representing 1/1000th interest in a share of 5.25% Series F Non-Cumulative Perpetual Preferred StockWBS-PrFNew York Stock Exchange
Depositary Shares, each representing 1/40th interest in a share of 6.50% Series G Non-Cumulative Perpetual Preferred StockWBS-PrGNew York Stock Exchange
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 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 25, 2025, the Board of Directors of Webster Financial Corporation (the "Company") appointed Frederick J. Crawford to the Company’s Board of Directors, effective July 1, 2025. Mr. Crawford will serve on the Audit and Risk Committees. The Board of Directors also approved an increase in the size of the Board of Directors from 12 to 13 directors, effective as of the same date.
The Board of Directors determined that Mr. Crawford is an independent director within the meaning of the Securities Exchange Act of 1934, as amended, rules and regulations promulgated by the SEC thereunder, and the listing standards of the New York Stock Exchange. The Board of Directors also determined that Mr. Crawford is financially literate and an “audit committee financial expert” (as defined by the SEC).
There are no arrangements or understandings between Mr. Crawford and any other person in connection with his appointment as a director of the Company, and there are no family relationships between Mr. Crawford and any of the Company’s or Webster Bank, N.A.'s directors or executive officers. Mr. Crawford has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K.
In connection with Mr. Crawford’s appointment as a non-employee director, he will receive, on a pro-rated basis, the standard annual benefits paid to each non-employee director.
Item 8.01Other Events
On July 1, 2025, the Company also issued a press release announcing the appointment of Jason Schugel as Chief Risk Officer and Executive Vice President, effective July 14, 2025, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01Financial Statements and Exhibits
(d)Exhibits
Exhibit
Number		Description
99.1
Press release dated July 1, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document).







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.
WEBSTER FINANCIAL CORPORATION
(Registrant)
 
Date: July 1, 2025/s/ Kristy Berner
  Kristy Berner
  Executive Vice President and General Counsel



Source:

FAQ

When will Frederick J. Crawford join Webster Financial's (WBS) board?

He becomes a director effective July 1, 2025.

How many directors will Webster Financial have after the appointment?

The board will expand from 12 to 13 directors.

Which committees will Frederick J. Crawford serve on?

He will sit on the Audit Committee and the Risk Committee.

Who is Webster Financial's new Chief Risk Officer and when does he start?

Jason Schugel will assume the CRO role on July 14, 2025.

Did the 8-K include any financial results or transaction details?

No. The filing focuses solely on governance and leadership changes.
Stock WBS logo
Webster Financial

NYSE:WBS

WBS Rankings

#1332 Ranked by Market Cap
#1167 Ranked by Dividends

WBS Latest News

Jul 7, 2025
Webster Financial Corporation Announces Q2 2025 Earnings Release and Conference Call
Jul 1, 2025
Webster Financial Corporation Appoints Chief Risk Officer; Names New Board Member
Jun 24, 2025
Amerant Bancorp Announces Appointment of Two New Board Members
Jun 16, 2025
Andrea Mills Appointed President of Ametros
May 1, 2025
Webster Announces Increase to Common Stock Repurchase Authorization

WBS Latest SEC Filings

Jul 7, 2025
[Form 3] Webster Financial Corporation Waterbury Initial Statement of Beneficial Ownership

WBS Stock Data

9.19B
166.82M
0.92%
90.33%
2.19%
Banks - Regional
National Commercial Banks
United States
STAMFORD