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AI brief of an SEC Form 8-K · WSFS Financial (WSFS)

WSFS names David Burg CFO, effective August 15, 2024; Arthur Bacci named COO

Neutral Impact 4 of 5 leadership Written later

WSFS Financial Corporation announced that David Burg, formerly Head of Strategy and Execution for Legacy Franchises at Citigroup, will join as Executive Vice President and Chief Financial Officer effective August 15, 2024. Arthur J. Bacci, currently Chief Wealth Officer and Interim CFO, will become Chief Operating Officer on the same date, and Jamie P. Hopkins will be elevated to Chief Wealth Officer. The filing describes these changes as part of succession planning, and the filing does not report financial results.

Key points

  • David Burg's annual base salary is $575,000, with a sign-on cash bonus of $575,000 and time-based RSUs valued at $600,000 and $800,000.
  • Arthur J. Bacci's base salary will increase to $597,000 in his new Chief Operating Officer role.
  • Burg's appointment is expected to take effect August 15, 2024.
  • Jamie P. Hopkins, who joined WSFS in October 2023, will become Executive Vice President, Chief Wealth Officer.

The filing

CompanyWSFS Financial (WSFS)
Form8-K, current report
Filed with the SECMay 21, 2024, 4:18 PM ET
Accession number0001628280-24-024544

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 21, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.