Business Context and Reporting Period
This Form 8-K Current Report was filed by OceanFirst Financial Corp. on February 9, 2022. The filing addresses a specific corporate governance event regarding the appointment of an Acting Principal Accounting 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
On February 9, 2022, the Board of Directors appointed Michael J. Fitzpatrick, the current Executive Vice President and Chief Financial Officer, as Acting Principal Accounting Officer. This appointment is temporary and was made in connection with the leave of the current Principal Accounting Officer, Angela K. Ho. Ms. Ho is scheduled to be re-appointed upon her return.
Management Commentary and Risks
Mr. Fitzpatrick has served as Executive Vice President and Chief Financial Officer of the Company since 1995 and of its subsidiary, OceanFirst Bank N.A., since 1992. The filing notes that details regarding compensatory arrangements for Mr. Fitzpatrick are available in the Company's Proxy Statement for its 2021 Annual Meeting of Stockholders, filed on April 20, 2021. No specific risks or contingencies related to financial performance were disclosed in this document.
Key Facts for Investor Verification
- Michael J. Fitzpatrick is serving as Acting Principal Accounting Officer effective February 9, 2022.
- The appointment is temporary pending the return of Angela K. Ho.
- Mr. Fitzpatrick has held the CFO role for the Company and its subsidiary since 1995 and 1992, respectively.
- Compensation details for this role are referenced in the 2021 Proxy Statement rather than this filing.