Summary
Fifth Third Bancorp (FITB) filed an 8-K on July 27, 2007, primarily to announce executive personnel changes. Daniel T. Poston is set to transition from Executive Vice President and Auditor to Controller, effective August 6, 2007. This move follows the departure of David J. DeBrunner, who resigned from his role as Senior Vice President and Controller to accept a position elsewhere. Notably, the company stated that Mr. DeBrunner's resignation is not due to any disagreements concerning Fifth Third's financial statements.
Key Highlights
- 1Key executive transition: Daniel T. Poston appointed as Controller.
- 2Current Controller, David J. DeBrunner, is departing to pursue an external opportunity.
- 3Mr. DeBrunner's departure is confirmed to be unrelated to any financial statement disagreements.
- 4Robert Shaffer to succeed Mr. Poston as Auditor.
- 5All personnel changes are effective August 6, 2007.
- 6The filing includes a press release dated July 27, 2007, as an exhibit.
- 7The company incorporated by reference its Executive Officers section from its 2006 10-K.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce significant changes in Fifth Third Bancorp's executive leadership, specifically concerning the roles of Controller and Auditor.
Daniel T. Poston, currently the Executive Vice President and Auditor, will assume the role of Controller effective August 6, 2007.
No, the filing explicitly states that David J. DeBrunner's resignation as Controller is not the result of any disagreements regarding the company's financial statements.
Robert Shaffer, Senior Vice President and Director of Financial Audit, will succeed Daniel T. Poston as Auditor, also effective August 6, 2007.