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) December 18, 2012
UNIVEST CORPORATION OF PENNSYLVANIA
(Exact name of registrant as specified in its charter)
Pennsylvania | 0-7617 | 23-1886144 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
14 North Main Street, Souderton, Pennsylvania 18964
(Address of principal executive office)(Zip Code)
Registrants telephone number, including area code (215) 721-2400
Not applicable
(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)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers |
On December 18, 2012, Univest Corporation of Pennsylvania (the Corporation), parent company of Univest Bank and Trust Co (the Bank), issued a press release announcing the promotion of Jeffrey M. Schweitzer, CPA, to President and Chief Operating Officer of the Corporation, effective January 1, 2013. Schweitzer will remain Senior Executive Vice President of the Bank.
The Corporation also announced the promotion of Michael S. Keim, CPA, age 45, to Executive Vice President and Chief Financial Officer of the Corporation and the Bank, effective January 1, 2013. Keim has spent the last four years employed by the Bank working to develop and grow the mortgage banking business, including setting daily loan pricing, selling and delivering loans, managing both the sales and operations functions and administering the core technology platform. Prior to joining the Bank, he was a self-employed consultant working with a private equity firm to develop and implement a bank acquisition strategy, and also spent 14 years working for GMAC Residential, where he had varied responsibilities including SVP Managing Director of Consumer Lending, Chief Financial Officer and EVP Chief Operating Officer of GMAC Bank. Keim is a graduate of Temple University with a BS in Accounting. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 8.01 | Other Events |
On December 18, 2012, the Corporation issued a press release announcing the promotion of Kenneth D. Hochstetler to President of Wealth Management at the Bank, effective January 1, 2013. Hochstetler will remain Senior Executive Vice President of the Corporation and President of Univest Investments, Inc. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits. |
(a) | Not applicable |
(b) | Not applicable |
(c) | Not applicable |
(d) | Exhibits |
Exhibit No. |
Description of Document | |
99.1 | Press release issued by Univest Corporation of Pennsylvania on December 18, 2012. |
SIGNATURE
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.
Univest Corporation of Pennsylvania | ||
By: |
/s/ Jeffrey M. Schweitzer | |
Name: |
Jeffrey M. Schweitzer | |
Title: |
Senior Executive Vice President, | |
Chief Operating Officer and Chief Financial Officer (Principal Operating, | ||
Financial & Accounting Officer) |
December 18, 2012
EXHIBIT INDEX
Exhibit No. |
Description of Document | |
99.1 | Press release issued by Univest Corporation of Pennsylvania on December 18, 2012. |
Exhibit 99.1
NEWS |
CONTACT: | Kim Detwiler | |||
Senior Vice President, Director of Corporate Communications | ||||
Univest Corporation | ||||
215-721-8396 | ||||
detwilerk@univest.net |
FOR IMMEDIATE RELEASE
Jeffrey M. Schweitzer Named President of Univest Corporation
Univest also named Kenneth D. Hochstetler to president of Wealth Management for Univest Bank and Trust Co.
and Michael S. Keim to executive vice president and chief financial officer for
Univest Corporation and Univest Bank and Trust Co.
SOUDERTON, Pa., December 18, 2012 Univest Corporation of Pennsylvania (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investments and equipment financing subsidiaries, named the companys chief operating officer, Jeffrey M. Schweitzer, to the additional position of president of Univest Corporation, effective January 1, 2013. Schweitzer assumes the position from William S. Aichele, who remains chairman and chief executive officer. K. Leon Moyer remains vice chairman and president and chief executive officer of Univest Bank and Trust Co. Schweitzer is the fifth president of the $2.2 billion organization, following such notable leaders as Aichele (1997-2012), Merrill S. Moyer (1984-1997), Paul E. Witter (1978-1984) and Charles H. Hoeflich (1973-1978).
Univest Corporation also announced the promotions of Kenneth D. Hochstetler to president of Wealth Management for Univest Bank and Trust Co. and Michael S. Keim to executive vice president and chief financial officer for Univest Corporation and Univest Bank and Trust Co., effective January 1, 2013.
Schweitzer joined Univest in October 2007 as executive vice president and chief financial officer for Univest Corporation and Univest Bank and Trust Co. In January 2011, Schweitzer was promoted to senior executive vice president and chief financial officer of Univest Corporation and Univest Bank and Trust Co. In July 2012, he assumed the role of chief operating officer, a position he will retain. In his new role as president, Schweitzer will oversee the chief financial officer function and the following lines of business and support: Consumer Banking, Insurance, Mortgage Banking, Wealth Management, Equipment Finance, Risk Management and Technology.
Hochstetler joined Univest in 1992 and has more than 20 years of experience in the financial services industries. He founded Univests Wealth Management division in 2000. As president of Wealth Management for Univest Bank and Trust Co., Hochstetler will focus on growing the business both organically and through acquisition in Univests service area. In addition to his role as president of Wealth Management, Hochstetler will continue as senior executive vice president for Univest Corporation and as president of Univest Investments, Inc., the Corporations investment advisory and brokerage subsidiary.
Keim joined Univest Bank and Trust Co. in 2008 and most recently held the position of senior vice president, Mortgage Banking. Prior to joining Univest, he was a self-employed consultant working with a private equity firm to develop and implement a bank acquisition strategy. Keim also spent 14 years working for GMAC Residential where he had varied responsibilities including senior vice president and managing director of Consumer Lending, chief financial officer and executive vice president and chief operating officer of GMAC Bank. Keim will report to Schweitzer and oversee all areas of Finance, Treasury Services, Investor Relations, Operations and Property Management.
In addition to their responsibilities at Univest, Schweitzer, Hochstetler and Keim are involved in the local communities where they live and work. Schweitzer is on the board of directors of the North Penn and Indian Valley Boys and Girls Club. Additionally he serves on the steering committee for PerkUp of the Upper Perkiomen Valley. Schweitzer resides in Skippack.
Hochstetler serves as chairman of the Souderton (Pa.) Industrial Development Authority and serves on the boards of directors of Goshen College (In.), and Microvest Capital Management (Md.). Hochstetler also is in leadership and committee roles with the North Penn United Way and Blooming Glen Mennonite Church. Hochstetler resides in Souderton.
Keim was co-chair of St. Bedes Churchs recent capital campaign and is a member of the Kappa Delta Rho Alumni Corp. finance committee, which works to provide scholarships for undergraduate members at Temple University. Keim resides in Richboro.
About Univest Corporation
Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester and Montgomery counties, and the Lehigh Valley. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.
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This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Companys financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the companys filings with the Securities and Exchange Commission.