Business Context and Reporting Period
This Form 8-K Current Report was filed by Provident Financial Services, Inc. on September 27, 2010, covering events occurring on September 23, 2010. The registrant is a Delaware corporation headquartered in Jersey City, New Jersey, and operates through its wholly owned subsidiary, The Provident Bank.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding corporate governance changes and does not contain financial statements or performance metrics.
Material Changes
The primary material change reported is the expansion of the Board of Directors. On September 23, 2010, the Board increased its size from twelve to thirteen members. Terence Gallagher was appointed as a new Director to the Company and to the Board of Directors of The Provident Bank. No reportable transactions between the Company and Mr. Gallagher were disclosed.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. Mr. Gallagher has not been appointed to any Board committees at this time. A news release dated September 24, 2010, announcing the appointment is attached as Exhibit 99.1.
Key Facts for Investor Verification
- Terence Gallagher was appointed to the Board of Directors on September 23, 2010.
- The Board size was increased from 12 to 13 members.
- Mr. Gallagher holds no committee assignments as of the filing date.
- No reportable transactions exist between the Company and the new director.
- Financial performance data is not included in this specific filing.