PROVIDENT FINANCIAL SERVICES INC 8-K

What Happened
Provident Financial Services, Inc. announced on January 13, 2026 that Senior Executive Vice President and Chief Financial Officer Thomas M. Lyons intends to resign effective the earlier of June 30, 2026 or the appointment of a successor. The company will conduct a nationwide search for a replacement. Mr. Lyons will remain employed as Special Advisor to the CEO through his final employment date of January 31, 2027. The company filed the notice on Form 8-K and furnished a press release.

Key Details

• Mr. Lyons notified the company of his retirement on January 13, 2026; resignation effective the earlier of June 30, 2026 or appointment of a successor.
• After the Transition Date and through his Termination Date (Jan 31, 2027), Mr. Lyons will be paid an annualized base salary of $300,000 (prorated).
• He will receive: (1) his regular base salary through the Transition Date; and (2) a prorated cash bonus for service from Jan 1, 2026 to the Transition Date.
• Payments are contingent on Mr. Lyons signing (and not revoking) a general release and complying with non-solicitation, non-disparagement, cooperation and non-disclosure covenants. The company states the retirement is not due to any disagreement with the company.

Why It Matters
A CFO transition is a material leadership change that can affect investor confidence and financial reporting continuity. Provident has announced a formal transition plan and temporary advisory role for Mr. Lyons, which should help with continuity while a nationwide search is conducted. Investors should watch for announcements of a successor and any guidance about timing for the permanent CFO appointment.