0001193125-12-507699.txt : 20121219 0001193125-12-507699.hdr.sgml : 20121219 20121219112153 ACCESSION NUMBER: 0001193125-12-507699 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20121218 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121219 DATE AS OF CHANGE: 20121219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIVEST CORP OF PENNSYLVANIA CENTRAL INDEX KEY: 0000102212 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 231886144 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07617 FILM NUMBER: 121273490 BUSINESS ADDRESS: STREET 1: 14 NORTH MAIN STREET STREET 2: P. O. BOX 64197 CITY: SOUDERTON STATE: PA ZIP: 18964 BUSINESS PHONE: 2157212400 MAIL ADDRESS: STREET 1: 14 NORTH MAIN STREET STREET 2: P. O. BOX 64197 CITY: SOUDERTON STATE: PA ZIP: 18964 8-K 1 d456717d8k.htm FORM 8-K Form 8-K

 

 

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)

Registrant’s 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.
EX-99.1 2 d456717dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

NEWS    LOGO

 

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 company’s 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 Univest’s 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 Univest’s 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 Corporation’s 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. Bede’s Church’s 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.

# # #

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 Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission.

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