Management ChangeApr 30, 2026, 05:27 PM
CLBK: Directors Retire, New Directors Nominated; Thomas Splaine Jr. CFO
AI Summary
Columbia Financial, Inc. filed an Amendment No. 1 to its Form 10-K, providing updated information on its board of directors and executive officers. Paul Van Ostenbridge and Daria S. Torres are not seeking re-election, while Dennis E. Gibney and James H. Wainwright have been nominated for three-year terms. Thomas Splaine, Jr. was appointed Executive Vice President and Chief Financial Officer in January 2026. The filing also detailed 2025 executive compensation, including base salary increases for Named Executive Officers and performance against annual incentive program goals.
Key Highlights
- Paul Van Ostenbridge and Daria S. Torres are retiring from the board in January 2026.
- Dennis E. Gibney and James H. Wainwright nominated for three-year director terms.
- Thomas Splaine, Jr. appointed EVP and CFO of Columbia Financial in January 2026.
- CEO Thomas J. Kemly's 2025 base salary increased to $929,305 (+3.26%).
- 2025 Core Net Income of Columbia Bank was $51.82M (80% of target).
- 2025 Core Efficiency Ratio was 69.35% (96% of target).
- 2025 Non-Performing Assets to Total Assets was 0.36% (78% of target).
- Stockholders approved 2025 "Say on Pay" vote with 99.2% affirmative vote.
Price Impact
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