CVB Financial Corporation

10/25/2024 | Press release | Distributed by Public on 10/25/2024 09:38

Management Change/Compensation Form 8 K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 21, 2024, Francene LaPoint, Senior Vice President and Chief Accounting Officer of CVB Financial Corp. ("CVBF") and its wholly-owned subsidiary, Citizens Business Bank (the "Bank," and collectively with CVBF, the "Company"), gave notice of her intention to resign from the Company for another opportunity, effective November 22, 2024. Ms. LaPoint's departure is not the result of a disagreement with the Company on any matter related to the Company's financial statements, operations, policies or practices or any issues regarding accounting policies or practices.

Ms. LaPoint will remain with the Company through November 22, 2024 to help ensure an orderly transition to her successor. Ms. LaPoint was appointed as the Company's Chief Accounting Officer in May 2021 after serving as the Company's Controller since January 2012.

E. Allen Nicholson, the Company's current Executive Vice President and Chief Financial Officer and the Company's principal financial officer, will also serve as the Company's principal accounting officer following the effective date of Ms. LaPoint's resignation on an interim basis until a qualified successor is appointed. Certain biographical and other information regarding Mr. Nicholson is contained in the Company's Annual Report on Form 10-K,"Item 1. Business-Executive Officers of the Company", filed with the Securities and Exchange Commission (SEC) on February 28, 2024 and the Company's Definitive Proxy Statement for its 2024 Annual Meeting of Shareholders, filed with the SEC on April 1, 2024, under the heading "Proposal 2: Advisory Resolution to Approve our Executive Compensation" which is incorporated herein by reference.