# EDGAR Filing Document

**Accession Number:** 0001108134
**File Stem:** 0000943374-23-000073
**Filing Date:** 2023-2
**Character Count:** 10869
**Document Hash:** 234c6218089aab5645cf50acea699d2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000943374-23-000073.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0000943374-23-000073

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230202

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERKSHIRE HILLS BANCORP INC
- **CENTRAL INDEX KEY:** 0001108134
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **IRS NUMBER:** 043510455
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15781
- **FILM NUMBER:** 23581304

**BUSINESS ADDRESS:**
- **STREET 1:** 60 STATE STREET
- **STREET 2:** 38TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 617-641-9206

**MAIL ADDRESS:**
- **STREET 1:** 60 STATE STREET
- **STREET 2:** 38TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

#### FORM 8-K

#### CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): <u>February 2, 2023</u>

<u>BERKSHIRE HILLS BANCORP, INC.</u> 

(Exact Name of Registrant as Specified in its Charter)

<u>Delaware</u> <u>001-15781</u> <u>04-3510455</u> <br> (State or Other Jurisdiction) of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)

<u>60 State Street, Boston, Massachusetts</u> <u>02109</u> <br> (Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (800) 773-5601, ext. 133773

<u>Not Applicable</u>

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to Section 12(b) of the Act: |  |
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common stock, par value $0.01 per share<br>| BHLB<br>| New York Stock Exchange<br>|

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of <br> Certain Officers** <br>|

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On February 2, 2023, the Board of Directors of Berkshire Hills Bancorp, Inc. (the "Company") appointed Karyn Polito to the Board of Directors of the Company, effective immediately. The Board of Directors also appointed Ms. Polito to the Risk Management, Capital and Compliance and Corporate Responsibility and Culture committees of the Board of Directors. Ms. Polito will be considered an independent director. Ms. Polito was also appointed to the Board of Directors of Berkshire Bank.

Ms. Polito, age 56, is Principal of Polito Development Corporation, a commercial real estate development firm. Ms. Polito was the 72<sup>nd</sup> Lieutenant Governor of Massachusetts from 2015 to 2023. Prior to serving as Lieutenant Governor, Ms. Polito was a member of the Massachusetts House of Representatives and a Partner at Milton, Laurence & Dixon, LLP. Ms. Polito holds a Bachelor of Science from Boston College and a Juris Doctor from New England Law. She is a resident of Shrewsbury, Massachusetts where she lives with her family.

There were no arrangements or understandings between Ms. Polito and any other person pursuant to which Ms. Polito was selected as a director. Ms. Polito is not a party to any transaction with the Company or Berkshire Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K.

A news release containing additional information is included herewith as Exhibit 99.1.

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| | |
|:---|:---|
| **Item 9.01**  | **Financial Statements and Exhibits** |

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| | | |
|:---|:---|:---|
| (a) | Financial statements of businesses acquired. Not Applicable. | Financial statements of businesses acquired. Not Applicable. |
| (b) | Pro forma financial information. Not Applicable. | Pro forma financial information. Not Applicable. |
| (c) | Shell company transactions: Not Applicable. | Shell company transactions: Not Applicable. |
| (d) | Exhibits: | Exhibits: |
|  | **<u>Exhibit No.</u>** | **<u>Description</u>**<br>|
|  | [99.1](ex99-1_8k020223.htm) | [News release dated February 2, 2023](ex99-1_8k020223.htm) |
|  | 104.1 | Cover Page for this Current Report on Form 8-K, formatted in Inline XBRL |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  |  | **Berkshire Hills Bancorp, Inc.** |
| DATE: February 2, 2023 | By: <br>| /s/ Wm. Gordon Prescott |
|  |  | Wm. Gordon Prescott<br> Executive Vice President, General Counsel and Corporate Secretary |

---

## Exhibit 99.1

**EXHIBIT 99.1**<br>

![](image0.jpg)

### Berkshire Hills Appoints Former Massachusetts Lieutenant Governor

### Karyn Polito as New Independent Director

**BOSTON – February 2, 2023 –** Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a leading socially responsible community bank with financial centers in New England and New York, announced the election of Karyn Polito to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective February 2, 2023. Ms. Polito brings broad expertise in both the public and private sector including as Lieutenant Governor of the Commonwealth of Massachusetts and as Principal of Polito Development Corporation. Upon her election Ms. Polito was appointed to the Risk Management, Capital and Compliance and Corporate Responsibility and Culture committees of the Board.

"We are pleased to welcome Karyn to our Board of Directors," said Chairperson David M. Brunelle. "Karyn is a champion for our communities. She brings a diverse set of skills and experiences as an owner of a commercial real estate development company and as the former Lieutenant Governor of Massachusetts that will complement and strengthen the composition of our Board."

"Berkshire will benefit from Karyn's decades of experience working at the intersection of business and government. She will help us enhance our customer focus, community impact and advance our vision of becoming a high-performing, leading socially responsible community bank," added Berkshire Bank CEO Nitin Mhatre.

![](image1.jpg)

*Karyn Polito*

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"I've watched Berkshire evolve and grow into a well-respected, socially responsible, community-orientated institution at the forefront of meeting the financial needs of its customers and communities. I look forward to working alongside the Board and leadership team to leverage my network, relationships, and experience to take Berkshire to even greater heights," stated Ms. Polito.

#### About Karyn Polito
Ms. Polito is an experienced businessperson, attorney and government leader who is currently Principal of Polito Development Corporation, a commercial real estate development firm. Ms. Polito was the 72<sup>nd</sup> Lieutenant Governor of Massachusetts from 2015 to 2023. During her time as Lieutenant Governor, she was an advocate for women's empowerment and a champion for renewable energy, climate adaptation, workforce development, housing, and the innovation economy. She helped increase aid to local communities and spearheaded efforts to expand offshore wind and educational opportunities to careers in science, technology, engineering and math for women and students. Prior to serving as Lieutenant Governor, Ms. Polito was a member of the Massachusetts House of Representatives and a Partner at Milton, Laurence & Dixon, LLP. Ms. Polito holds a Bachelor of Science from Boston College and a Juris Doctor from New England Law. She is a lifelong resident of Shrewsbury, Massachusetts where she lives with her family.

#### ABOUT BERKSHIRE HILLS BANCORP
Headquartered in Boston, Berkshire Hills Bancorp (NYSE:BHLB) is the parent of Berkshire Bank. Founded in 1846, the Bank's vision is to be a high-performing leading socially responsible community bank. It empowers the financial potential of its stakeholders by making banking available where, when, and how it's needed through an uncompromising focus on exceptional customer service, digital banking, and positive community impact. Providing a wide range of financial solutions through its consumer banking, commercial banking and wealth management divisions, the Bank has approximately $11.7 billion in assets and a community-based footprint of 100 financial centers in Massachusetts, New York, Vermont, Connecticut, and Rhode Island. Named one of America's Most Trusted Companies 2022 by Newsweek, Berkshire is also listed in the Bloomberg Gender-Equality Index and a Best Place to Work for LGBTQ+ Equality. To learn more, follow us on Facebook, Twitter, Instagram, and LinkedIn.

#### Investor Relations Contacts
Kevin Conn, SVP, Investor Relations & Corporate Development<br> Email: KAConn@berkshirebank.com <br> Tel: (617) 641-9206

David Gonci, Capital Markets Director<br> Email: dgonci@berkshirebank.com<br> Tel: (413) 281-1973

#### Media Contact:
Gary Levante, SVP, Corporate Responsibility & Communications<br> Email: glevante@berkshirebank.com<br> Tel: (413) 447-1737