Business Context and Reporting Period
This Form 8-K Current Report was filed by Fifth Third Bancorp on August 2, 2024. The filing addresses Item 5.02 regarding the departure of a senior officer and the appointment of new officers effective October 6, 2024.
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 a leadership transition within the accounting and controller functions:
- Departure: Mark D. Hazel notified the Company of his intent to retire as Executive Vice President and Controller, effective October 6, 2024.
- Appointments: The Board appointed Sara (Sallie) M. Willingham as Senior Vice President and Controller, and Jeffrey A. Lopper as Senior Vice President and Chief Accounting Officer, both effective October 6, 2024.
Management Commentary and Risks
Management Commentary: Jeffrey A. Lopper, 51, has been with Fifth Third Bank since 2000, most recently serving as Assistant Controller since March 2012. He will serve as the Company's principal accounting officer. The filing states there are no compensatory arrangements or family relationships requiring disclosure for Mr. Lopper.
Risks and Contingencies: No specific risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Verify the effective date of the leadership transition (October 6, 2024).
- Confirm the new reporting structure for the Controller and Chief Accounting Officer roles.
- Review subsequent filings for any impact on financial reporting timelines due to the personnel change.