Amerant Bancorp Inc.
07/01/2024 | Press release | Distributed by Public on 07/01/2024 14:31
Regulation FD Disclosure Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective June 28, 2024, Samantha Holroyd resigned from the Board of Directors of Amerant Bancorp Inc. (the "Company") and the Board of Directors of the Company's wholly owned banking subsidiary, Amerant Bank, N.A. (the "Bank") (jointly the "Boards") and from all committees thereof. Ms. Holroyd's resignation did not result from any disagreement with management, the Company or the Boards on any matter relating to the Company's operations, policies or practices. Ms. Holroyd, who resides in Texas, tendered her resignation as the Bank has entered into an agreement to sell its Houston, Texas operations and one of the key motivations supporting the search process that culminated in her appointment to the Boards was related to the Boards searching for new members who must live within the markets that the Company and the Bank serve.
Upon the recommendation of the Corporate Governance, Nominating and Sustainability Committee the Boards reduced the size of the Boards from ten to nine directors also effective on June 28, 2024.