8-K October 10

0001316944-14-000023.txt : 20141015 0001316944-14-000023.hdr.sgml : 20141015 20141010135553 ACCESSION NUMBER: 0001316944-14-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141009 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141010 DATE AS OF CHANGE: 20141010 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federal Home Loan Bank of San Francisco CENTRAL INDEX KEY: 0001316944 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 946000630 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51398 FILM NUMBER: 141152042 BUSINESS ADDRESS: STREET 1: 600 CALIFORNIA STREET, STE. 300 CITY: SAN FRANCISCO STATE: CA ZIP: 94108 BUSINESS PHONE: (415) 616-1000 MAIL ADDRESS: STREET 1: P. O. BOX 7948 CITY: SAN FRANCISCO STATE: CA ZIP: 94120 8-K 1 a8-koctober10.htm 8-K 8-K October 10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

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FORM 8-K

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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 9, 2014

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FEDERAL HOME LOAN BANK OF SAN FRANCISCO
(Exact name of registrant as specified in its charter)

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Federally chartered corporation	000-51398	94-6000630
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

600 California Street
San Francisco, CA 94108
(Address of principal executive offices, including zip code)

(415) 616-1000
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

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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; Compensatory Arrangements of Certain Officers.

On October 9, 2014, Dean Schultz, President and Chief Executive Officer of the Federal Home Loan Bank of San Francisco (the "Bank"), notified the Bank of his decision to retire from the Bank after April 30, 2015, once his successor is in place. Consistent with the Bank’s succession planning process, the Board of Directors has selected an executive search firm, Spencer Stuart, to conduct a search for Mr. Schultz’s successor.

A copy of the Bank’s member bulletin announcing Mr. Schultz’s retirement is attached hereto as Exhibit 99.1. The information contained in Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.



(d)	Exhibits

	99.1	Bulletin No. 1459 (President and CEO Dean Schultz to Retire in 2015), dated October 10, 2014, issued by the Federal Home Loan Bank of San Francisco

Signature(s)

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.



		Federal Home Loan Bank of San Francisco

Date: October 10, 2014		By: /s/ Lisa B. MacMillen
		Lisa B. MacMillen Executive Vice President and Chief Operating Officer

EX-99.1 2 exhibit99110-10x14.htm MEMBER BULLETIN NO. 1459 DATED OCTOBER 10, 2014 Exhibit 99.1 10-10-14

Exhibit 99.1

Bulletin

October 10, 2014

Bulletin No. 1459

President and CEO Dean Schultz to Retire in 2015

Dear Chief Executive Officer:

After 23 years of service, Dean Schultz has notified the Bank of his decision to retire after April 30, 2015, once his successor has been appointed. He will continue to lead the Bank as President and Chief Executive Officer until his successor is in place.

The Bank’s Board of Directors has established a succession planning committee to identify a successor and has selected an executive search firm, Spencer Stuart, to assist in the search.

Dean has served as President and Chief Executive Officer of the Bank since April 1991, guiding the Bank through an extraordinary time of change and challenge for both the Bank and the Federal Home Loan Bank System. We look forward to Dean’s continuing leadership in the months to come.

Sincerely,

John F. Luikart

Chairman of the Board

cc: Chief Financial Officer