Business Context and Reporting Period
This Form 8-K filing by Byline Bancorp, Inc. was submitted on September 28, 2018, with the report date of October 4, 2018. The filing addresses a corporate governance event regarding 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 focuses exclusively on personnel changes and does not contain financial statement data.
Material Changes
The primary material change reported is the resignation of L. Gene Beube from the Board of Directors of Byline Bancorp, Inc. and Byline Bank, effective October 3, 2018. Mr. Beube, age 78, had served on the Board since June 2013 and as Chairman of the Executive Credit Committee since the same date. The resignation is attributed to his desire to retire and is not due to any disagreements with the Company.
Guidance, Outlook, and Risks
The Company plans to fill the vacant board seat over the next year. No financial guidance, outlook, or specific risk factors were disclosed in this filing. The filing references a press release (Exhibit 99.1) for further details on the retirement announcement.
Key Facts for Investor Verification
- Resignation of L. Gene Beube is effective October 3, 2018.
- Mr. Beube served as Chairman of the Executive Credit Committee since 2013.
- The departure is voluntary and not related to any disagreement with the Company.
- The Board intends to recruit a replacement within the next 12 months.
- No financial performance data is included in this specific 8-K filing.