Company: WBS-PG
Filing Date: 2025-07-21
Form Type: 8-K
Source: 0000801337-25-000071
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Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-07-21
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

On July 18, 2025, Albert J. Wang informed Webster Financial Corporation (the “ Company”) and Webster Bank, National Association (the “ Bank”) of his decision to resign as Executive Vice President and Chief Accounting Officer of the Company and the Bank to pursue another professional opportunity. Mr. Wang will continue to serve the Company and the Bank in his current role through September 2, 2025, to assist in the transition process.

Effective September 3, 2025, upon Mr. Wang’s resignation, Gregory S. Madar, Senior Managing Director, Corporate Controller, will serve as Interim Chief Accounting Officer while the Company conducts an internal and external search for Mr. Wang’s successor. Mr. Madar has served as Corporate Controller of the Bank since November 2023, and previously served as Chief Financial Officer of HSA Bank, a division of the Bank, from 2017 to 2023, and Chief Accounting Officer from 2011 to 2017. The compensatory arrangement for Mr. Madar as Interim Chief Accounting Officer has not been determined as of the date of this report.

  Item 9.01      Financial Statements and Exhibits.