Customers Bancorp, Inc. 8-K

What Happened

• Customers Bancorp, Inc. (CUBI) filed an 8-K (Item 5.02) reporting that director Robert N. Mackay informed the company on March 20, 2026 that he will retire from the boards of Customers Bancorp and Customers Bank and will not stand for reelection at the 2026 Annual Meeting. His retirement will be effective immediately following the 2026 Annual Meeting.
• Mr. Mackay joined the Company’s board in 2022 and currently serves on the Directors Risk & Compliance Committee and the Leadership Development & Compensation Committee. He cited the need to devote more time to his role as CEO of a global regulatory technology company. The filing states his decision is not related to any disagreement with the Company or Customers Bank.

Key Details

• Filing: Form 8-K, filed March 23, 2026 (Item 5.02).
• Notice date: March 20, 2026; retirement effective immediately after the 2026 Annual Meeting.
• Board tenure: Director since 2022.
• Committee roles: Member of Directors Risk & Compliance Committee and Leadership Development & Compensation Committee.

Why It Matters

• Board and committee composition will change after the 2026 Annual Meeting; investors should watch for announcements about a replacement director and any committee reassignments.
• The company says the departure is voluntary and not due to disputes, which reduces governance-risk concerns disclosed in the filing.
• This is a governance update rather than a financial event; it does not report any changes to the company’s financial results or executive management compensation.