Explanatory Note
On August 13, 2018, CVB Financial Corp. (the “Company”) filed a Current Report on Form8-K (the “Original Form8-K”) reporting the announcement of the appointment of Marshall V. Laitsch as a Board member and information regarding his compensation arrangement. This Form8-K/A amends the original Form8-K to include Mr. Laitsch’s committee assignments.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Appointment of a New Director
On August 13, 2018, the Company filed a Form8-K which, among other things, announced the completion of the Company’s merger transaction with Community Bank (“Community”) and the appointment of Marshall V. Laitsch, who was previously a director of Community, to the respective boards of directors of the Company and its wholly-owned subsidiary, Citizens Business Bank (“Citizens”), with such appointment to be effective upon consummation of the merger transaction.
At their regular monthly meeting on August 22, 2018, the respective boards of directors of the Company and Citizens considered board committee memberships for Mr. Laitsch, and it was determined at such meeting that Mr. Laitsch will serve on the Audit Committee, the Nominating and Corporate Governance Committee, and the Compensation Committee of the Company, and on the Balance Sheet Management Committee, the Trust Services Committee, and the Risk Management Committee of Citizens.