Business Context and Reporting Period
This Form 8-K Current Report was filed by First Commonwealth Financial Corp on September 14, 2026. The filing reports a corporate governance event regarding the appointment of a new executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Phillip J. Graves Jr. as Chief Accounting Officer and principal accounting officer, effective September 14, 2026. Mr. Graves joined the Company from KPMG LLP, where he served as a Senior Manager.
Management Commentary and Compensation
- Compensation: Mr. Graves will receive an annual base salary of $275,000.
- Change of Control: The Company will enter into a change of control agreement providing for one year of severance with terms substantially similar to those of other executive officers.
- Exhibits: The full change of control agreement is to be filed as an exhibit to the Quarterly Report on Form 10-Q for the quarter ending September 30, 2026.
- Risks/Contingencies: The filing states there are no family relationships between Mr. Graves and any director or executive officer, and no material interests in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the terms of the change of control agreement in the upcoming Form 10-Q for the quarter ending September 30, 2026.
- Confirm the effective date of the appointment (September 14, 2026) aligns with internal corporate records.
- Review the Company's standard executive compensation structure to compare the $275,000 base salary against peer roles.