0000719220-19-000034.txt : 20190507 0000719220-19-000034.hdr.sgml : 20190507 20190506180714 ACCESSION NUMBER: 0000719220-19-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190506 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20190507 DATE AS OF CHANGE: 20190506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: S&T BANCORP INC CENTRAL INDEX KEY: 0000719220 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251434426 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12508 FILM NUMBER: 19800677 BUSINESS ADDRESS: STREET 1: 800 PHILADELPHIA STREET STREET 2: PO BOX 190 CITY: INDIANA STATE: PA ZIP: 15701 BUSINESS PHONE: 724-427-2347 MAIL ADDRESS: STREET 1: 800 PHILADELPHIA STREET STREET 2: PO BOX 190 CITY: INDIANA STATE: PA ZIP: 15701 8-K 1 a2019_form8-k5619.htm 8-K ITEM 5.02 Document


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
UNITED STATES
 
 
SECURITIES AND EXCHANGE COMMISSION
 
 
Washington, DC 20549
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FORM 8-K
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURRENT REPORT
 
 
 
 
 
 
 
 
Pursuant to Section 13 or 15(d) of
 
 
 
 
 
 
 
The Securities Exchange Act of 1934
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
May 6, 2019
 
 
 
 
 
 
 
Date of Report (Date of earliest event reported)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
S&T BANCORP, INC
 
 
 
 
(Exact name of registrant as specified in its charter)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pennsylvania
0-12508
25-1434426
 
 
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
800 Philadelphia Street, Indiana, PA
 
15701
 
 
 
 
(Address of principal executive offices)
 
(Zip Code)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Registrant's telephone number, including area code: (800) 325-2265
 
 
 
 
 
 
 
 
 
 
 
 
(Former name or former address, if changed since last report)
 
 
 
 
 
 
(Not applicable)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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):
 
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
 
 
 
 
 
 
 
 
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 o
 
 
 
 
 
 
 
 
 
 
 
 
 
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. o
 
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 
 
Common Stock, $2.50 par value
STBA
The NASDAQ Stock Market LLC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

















Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 6, 2019, S&T Bancorp, Inc. ("S&T”) accepted the resignation of Thomas J. Sposito, Senior Executive Vice President and Chief Corporate Development Officer effective with Mr. Sposito's last day of employment, May 31, 2019.

In connection with his resignation, Mr. Sposito entered into a Severance and General Release Agreement ("Agreement") pursuant to which he agreed to a customary release of claims, as well as customer and S&T employee non-solicitation provisions. Under the agreement Mr. Sposito is entitled to continue receiving his base salary through January 31, 2020 unless other employment is obtained prior to November 29, 2019, in which case payment of his base salary will end as of November 29, 2019. If COBRA coverage is elected, S&T will provide COBRA coverage at no cost to Mr. Sposito beginning June 1, 2019 through January 31, 2020 or until medical coverage is obtained through another employer, whichever occurs first. Mr. Sposito's current annual base salary is $321,700.

The foregoing summary description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, a copy of which will be filed with S&T's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2019.









SIGNATURES

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.

 
S&T Bancorp, Inc.
 
/s/ Mark Kochvar
May 6, 2019
Mark Kochvar
Senior Executive Vice President,
Chief Financial Officer