On June 26, 2024, the Federal Home Loan Bank of Pittsburgh (Bank) filed a current report on form
8-K
(Original Report)
with
the Securities
and
Exchange Commission (SEC) reporting, together with related required disclosures, that:
| • | | on June 24, 2024, Winthrop Watson, President and Chief Executive Officer (CEO) of the Federal Home Loan Bank of Pittsburgh (Bank), notified the Bank’s Board of Directors (Board) of his intent to retire from the Bank, effective December 31, 2024; and |
| • | | the Board subsequently named David G. Paulson, the Bank’s Chief Operating Officer, to serve as the Bank’s President and CEO, effective upon Mr. Watson’s retirement. |
This Amendment No. 1 on Form
8-K/A
amends the Original Report to:
| • | | change its date of report on the Original Report’s cover from June 26, 2024 to June 24, 2024 (the date of the earliest event reported); and |
| • | | reflect relevant Board action since the Original Report as described below. |
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On August 15, 2024, the Board appointed Mr. Watson to serve the Bank as Executive Senior Advisor effective October 1, 2024 from which date Mr. Watson will no longer serve as the Bank’s President and CEO. Mr. Watson will serve in this role through December 31, 2024, the date of his retirement, with no change in his compensation and benefits as described in the Bank’s annual report on form
10-K
filed with the SEC on March 6, 2024. On August 15, 2024, the Board changed the effective date of Mr. Paulson’s appointment as the Bank’s President and CEO to be October 1, 2024 under the terms described in the Original Report.
| Regulation FD Disclosure. |
On August 15, 2024, the Bank issued a news release announcing Mr. Watson’s retirement and Mr. Paulson’s appointment as President and Chief Executive Officer. A copy of the news release is furnished with this report as Exhibit 99.1.
The information in Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Financial Statements and Exhibits. |