Customers Bancorp, Inc. 8-K

What Happened
Customers Bancorp, Inc. filed an 8‑K on January 26, 2026 announcing the appointment of Stephen Wyremski, age 44, as Executive Vice President and Chief Operating Officer of its wholly owned subsidiary, Customers Bank, effective January 26, 2026. Mr. Wyremski previously consulted for the Bank (June 2024–Jan 2026), served as CFO of Signature Bank (2021–2023) and held finance roles at Signature and Flagstar. The company filed the Offer Letter (Exhibit 10.1) and a press release (Exhibit 99.1) with the 8‑K.

Key Details

• Base salary: $450,000 per year.
• Bonus opportunity: discretionary bonus with a target up to 125% of base salary, plus an additional enhanced discretionary performance bonus up to 25% of base salary.
• Sign‑on and completion payments: $450,000 sign‑on bonus (subject to clawback if he leaves or is fired for cause before his 2nd anniversary) and a $425,000 final completion fee for prior consulting services.
• Other terms: eligible for Bank benefits and, after up to two years of continuous employment, eligibility to participate in a Bank‑provided SERP; subject to confidentiality, non‑compete and non‑solicitation covenants (12 months post‑termination).

Why It Matters
This is a senior operational hire at Customers Bank with significant compensation commitments disclosed in the 8‑K (base salary, large bonus targets, sign‑on and completion payments). Mr. Wyremski’s prior consulting work for the Bank and finance leadership background signal continuity on finance and data modernization initiatives noted in the filing. For investors, the filing highlights a leadership change that could affect execution of operational and finance programs and creates near‑term compensation expense items to monitor in future disclosures.