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
Date of Report (Date of earliest event reported) February 6, 2012 (February 1, 2012)
WesBanco, Inc.
(Exact name of registrant as specified in its charter)
West Virginia | 000-08467 | 55-0571723 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
1 Bank Plaza, Wheeling, WV | 26003 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (304) 234-9000
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):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) On February 1, 2012, Mr. James C. Gardill, Chairman of the WesBanco, Inc. (the Company) Board of Directors (the Board), received a letter from independent director, Mr. Donald P. Wood, dated February 1, 2012, in which Mr. Wood informed the Board that he was tendering his resignation as a member of the Board effective immediately. As a result, Mr. Wood would also cease to be a member of the Companys Audit Committee effective from the date of his resignation.
Mr. Woods letter states that his decision to resign was due to his dissatisfaction with the leadership style and management decisions of the current Chairman. The Companys Executive Committee and Nominating Committee have been aware of issues with Mr. Wood for several months. Due to these issues, on the same day Mr. Wood tendered his resignation letter and without knowledge of his resignation, the Nominating Committee independently and unanimously decided not to nominate Mr. Wood for re-election to the Board when his term expired at the upcoming April 18, 2012 Annual Meeting of Stockholders. A copy of Mr. Woods letter is attached as Exhibit 17.1 to this Current Report on Form 8-K and incorporated herein by reference.
In accordance with the requirements of Item 5.02 of Form 8-K, the Company has provided Mr. Wood a copy of the disclosures it is making in this Item 5.02 report no later than the day of filing this Form 8-K with the Securities and Exchange Commission.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
Exhibit 17.1 - | Letter from Donald P. Wood resigning from the WesBanco, Inc. Board of Directors, dated February 1, 2012. |
SIGNATURE
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.
WesBanco, Inc. | ||||||
(Registrant) | ||||||
Date: February 6, 2012 | /s/ Robert H. Young | |||||
Robert H. Young | ||||||
Executive Vice President and | ||||||
Chief Financial Officer |
EXHIBIT INDEX
Exhibit |
Description | |
17.1 | Letter from Donald P. Wood resigning from the WesBanco, Inc. Board of Directors, dated February 1, 2012. |