UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
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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:
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Election of Directors.
On December 14, 2023, the Board approved:
1) Ms. Pamela Asbury, Vice President, Genworth Life Insurance Company, to serve as Chair of the Enterprise Risk Management Committee, Vice Chair of the Operational Risk Committee and to serve on the Governance and Public Policy Committee, Diversity, Equity & Inclusion Committee, and the Executive Committee;
2) Ms. Louise M. Herrle, to serve as Vice Chair of the Board, and on the Diversity Equity & Inclusion Committee, the Enterprise Risk Management Committee, and the Executive Committee;
3) Ms. Angel Helm, to serve as Chair of the Finance Committee, and serve on the Audit Committee, Enterprise Risk Management Committee, Diversity, Equity & Inclusion Committee, and the Executive Committee; and
4) Ms. Sheryl Jordan, Executive Vice President, and Managing Director, Financial Institutions Group, PNC Bank, N.A., to serve on the Finance Committee, Human Resources Committee, Diversity Equity & Inclusion Committee, and the Enterprise Risk Management Committee.
In addition, the Board approved the following standing Board Committee assignments for 2024 for both the newly elected and all other directors. The composition of each Committee of the Board of Directors for 2024 is:
AUDIT
Mr. James V. Dionise, Chair
Mr. Thomas Bailey, Vice Chair
Ms. Barbara Adams
Ms. Angel L. Helm
Ms. Blanche L. Jackson
AFFORDABLE HOUSING, PRODUCTS & SERVICES
Mr. Glenn R. Brooks, Chair
Ms. Barbara Adams, Vice Chair
Mr. Thomas Bailey
Ms. Blanche L. Jackson
Ms. Jeane Vidoni
DIVERSITY, EQUITY & INCLUSION
Mr. Romulo L. Diaz, Jr., Esq., Chair
Ms. Blanche Jackson, Vice Chair
This is a committee of the whole Board of Directors.
ENTERPRISE RISK MANAGEMENT
Ms. Pamela C. Asbury, Chair
Mr. Thomas Bailey, Vice Chair
This is a committee of the whole Board of Directors.
FINANCE
Ms. Angel L. Helm, Chair
Mr. James V. Dionise, Vice Chair
Mr. Romulo L. Diaz, Jr., Esq.
Mr. H. Charles Maddy, III
Ms. Sheryl Jordan
GOVERNANCE & PUBLIC POLICY
Dr. Howard B. Slaughter, Jr., Chair
Mr. Joseph W. Major, Vice Chair
Ms. Pamela C. Asbury
Mr. Thomas H. Murphy
HUMAN RESOURCES
Ms. Jeane M. Vidoni, Chair
Mr. Romulo L. Diaz, Jr., Esq., Vice Chair
Mr. Joseph W. Major
Ms. Sheryl Jordan
OPERATIONAL RISK
Mr. Thomas H. Murphy, Chair
Ms. Pamela C. Asbury, Vice Chair
Mr. Glenn R. Brooks
Mr. H. Charles Maddy, III
Dr. Howard B. Slaughter, Jr.
EXECUTIVE
Mr. Brendan J. McGill, Chair
Ms. Louise M. Herrle, Vice Chair
Ms. Pamela C. Asbury
Mr. Glenn R. Brooks
Mr. Romulo Diaz, Jr., Esq.
Mr. James V. Dionise
Ms. Angel L. Helm
Mr. Thomas H. Murphy
Dr. Howard B. Slaughter, Jr.
Ms. Jeane M. Vidoni
Mr. Brendan J. McGill was elected Board Chair for the term beginning January 1, 2024 and ending December 31, 2025 and Ms. Louise M. Herrle was re-elected Board Vice Chair for the same term. Mr. McGill and Ms. Herrle are voting members of the Executive, Enterprise Risk, and DEI Committees and ex officio non-voting members of the other Board standing committees. Directors will be compensated in accordance with the 2024 Directors’ Compensation Policy (2024 Policy) as follows: 1) $152,000 for the Board Chair; 2) $140,000 for the Vice Chair of the Board, 3) $132,000 for the Audit, Enterprise Risk, and Human Resources Committee Chairs, 4) $130,210 for each other Committee Chair, and 5) $123,000 for each of the other Directors. The 2024 Policy is subject to non-objection from the Federal Housing Finance Agency.
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.
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Federal Home Loan Bank of Pittsburgh |
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December 19, 2023 |
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By: |
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/s/ Julie Spiker |
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Name: Julie Spiker |
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Title: General Counsel and Corporate Secretary |
Cover |
Nov. 17, 2023 |
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| Cover [Abstract] | |
| Document Type | 8-K/A |
| Amendment Flag | true |
| Amendment Description | This Current Report on Form 8-K/A is intended by the Federal Home Loan Bank of Pittsburgh (“Bank”) to amend the Current Report on Form 8-K filed on November 17, 2023, in order to add information about the standing Committees of the Bank’s Board of Directors (“Board”) on which the newly elected and re-elected Directors shall serve in 2024. |
| Document Period End Date | Nov. 17, 2023 |
| Entity Registrant Name | Federal Home Loan Bank of Pittsburgh |
| Entity Central Index Key | 0001330399 |
| Entity File Number | 000-51395 |
| Entity Tax Identification Number | 25-6001324 |
| Entity Address, Address Line One | 601 Grant Street |
| Entity Address, City or Town | Pittsburgh |
| Entity Address, State or Province | PA |
| Entity Incorporation, State or Country Code | PA |
| Entity Address, Postal Zip Code | 15219 |
| City Area Code | 412 |
| Local Phone Number | 288-3400 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |
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