Business Context and Reporting Period
This Form 8-K is a current report filed by Peapack-Gladstone Financial Corp on December 18, 2025. The filing addresses corporate governance changes, specifically the departure of three directors and the appointment of two new directors to the boards of the Company and its subsidiary, Peapack Private Bank & Trust.
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
- Director Departures: Patrick J. Mullen, Philip W. Smith III, and Beth Welsh advised the Company of their retirement as directors, effective December 31, 2025.
- Director Appointments: Diane D'Erasmo and Ellen C. Walsh were appointed to the Board of Directors, effective January 1, 2026.
- Reason for Departure: The filing explicitly states that none of the retiring directors had a disagreement with management, operations, policies, or procedures.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies related to the financial condition of the company are disclosed in this document. The Board has not yet determined committee assignments for the newly appointed directors.
Key Facts for Investor Verification
- Verify the effective dates of the director transitions (December 31, 2025, for departures; January 1, 2026, for appointments).
- Confirm the lack of any undisclosed disagreements between departing directors and management.
- Monitor future filings for committee assignments of the new directors, Diane D'Erasmo and Ellen C. Walsh.
- Note that this filing does not impact the Company's financial statements or operational metrics.