PEAPACK GLADSTONE FINANCIAL CORP 8-K
Research Summary
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Peapack Gladstone Financial Corp Announces Director Retirements, New Appointments
What Happened Peapack Gladstone Financial Corp (PGC) filed an 8-K (Dec 23, 2025) under Item 5.02 announcing that directors Patrick J. Mullen, Philip W. Smith III and Beth Welsh will retire from the boards of the Company and its banking subsidiary, Peapack Private Bank & Trust, effective December 31, 2025. The Boards have appointed Diane D’Erasmo and Ellen C. Walsh as directors of the Company and the Bank, effective January 1, 2026. The filing states the retirements were not due to any disagreement with management, operations, policies or procedures.
Key Details
- Filing date: December 23, 2025 (Form 8-K, Item 5.02).
- Retirements effective: December 31, 2025 — Patrick J. Mullen, Philip W. Smith III, Beth Welsh.
- Appointments effective: January 1, 2026 — Diane D’Erasmo and Ellen C. Walsh.
- Board notes: No committee assignments have been made for the new directors; no arrangements, understandings, or family relationships reported related to their selection.
Why It Matters Board composition changes can affect oversight, strategy and governance. For investors, this is a governance update — the filing confirms orderly transitions (retirements, not departures over disputes) and identifies the incoming directors who will participate in oversight beginning Jan 1, 2026. Monitor future disclosures for committee assignments, biographies or any changes to executive leadership that might follow these board updates.