M&T BANK CORP 8-K

What Happened

• On June 16, 2026, M&T Bank Corporation announced it elected Jeremy M. Jacobs, Jr. — a director and Chief Executive Officer of Delaware North Companies, Inc. — to the Board of Directors of M&T and as a director of M&T Bank, its principal banking subsidiary. The appointment was disclosed in an 8-K and a news release attached as Exhibit 99.1.

Key Details

• Election date: June 16, 2026.
• New director: Jeremy M. Jacobs, Jr., director and CEO of Delaware North Companies, Inc.
• Role/compensation: Mr. Jacobs will serve as a non-employee director and participate in M&T’s director compensation program as described in M&T’s 2026 proxy statement.
• Related-party note: Delaware North and its affiliates have ordinary-course lending relationships with M&T Bank; those loans were made on substantially the same terms as comparable loans and did not involve unusual collectability risk.

Why It Matters

• Board change: Adding a new independent/non-employee director is a governance event investors watch because it can affect oversight and strategy.
• Conflict transparency: The filing discloses existing business (credit) ties between M&T Bank and Delaware North and states those are ordinary-course arrangements, which addresses potential conflict-of-interest concerns.
• Filing context: This was reported on Form 8-K under Item 5.02 (election of director), so it is a formal, current disclosure about M&T’s board composition.