Business Context and Reporting Period
This Form 8-K was filed by Bankwell Financial Group, Inc. on June 16, 2014. The report addresses a corporate governance event involving the departure of a director.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel change and does not contain financial statement data.
Material Changes
Mark Fitzgibbon voluntarily resigned from the board of directors of Bankwell Financial Group, Inc. and its wholly owned subsidiary, Bankwell Bank, effective June 16, 2014. The resignation was attributed to increasing demands on his professional time. The company explicitly stated there were no disagreements between Mr. Fitzgibbon and the Company, the Bank, or any officer or director.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on future performance, or discussion of risks and contingencies beyond the resignation event. No unusual items were reported.
Key Facts for Investor Verification
- Mark Fitzgibbon resigned as a director effective June 16, 2014.
- The resignation was voluntary and cited professional time constraints.
- The company confirmed no disagreements existed regarding the resignation.
- Ernest J. Verrico, Sr., Executive Vice President and Chief Financial Officer, signed the report on June 20, 2014.