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Section 1: 8-K (8-K)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):

March 23, 2015

 


 

 

TCF FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 


 

Delaware

(State or other jurisdiction of

incorporation)

 

001-10253

(Commission File Number)

 

41-1591444

(IRS Employer Identification No.)

 

200 Lake Street East, Mail Code EX0-03-A, Wayzata, Minnesota 55391-1693

(Address of principal executive offices, including Zip Code)

 

(952) 745-2760

 (Registrant’s telephone number, including area code)

 


 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

 

Item 5.02                                 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Election of Craig R. Dahl President

 

On March 23, 2015 the Board of Directors of TCF Financial Corporation (“TCF” or the “Company”) elected Craig R. Dahl as President of the Company.   Mr. Dahl, age 60, had been Executive Vice President of the Company since 1999, when he joined as President and Chief Executive Officer of TCF Equipment Finance, Inc., and will remain Vice Chairman of the Company, a position he has held since January 2012.  Mr. Dahl also holds leadership positions with many of TCF’s wholly-owned lending subsidiaries, including Chairman of Gateway One Lending & Finance, LLC and TCF Inventory Finance, Inc., positions he has held  since 2011 and 2008, respectively, and Chairman and Chief Executive Officer of Winthrop Resources Corporation, a position he has held since 2003.  Mr. Dahl will continue to report to William A. Cooper, Chairman and Chief Executive Officer of the Company.

 

A copy of the press release issued by the Company on March 24, 2015 announcing the change is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press Release dated March 24, 2015

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

TCF FINANCIAL CORPORATION

 

 

 

 

 

 

 

 

 

 

 

/s/ William A. Cooper

 

 

William A. Cooper,

Chairman and Chief Executive Officer

(Principal Executive Officer)

 

 

 

 

 

 

 

 

/s/ Michael S. Jones

 

 

Michael S. Jones

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

 

 

 

 

 

 

 

 

/s/ Susan D. Bode

 

 

Susan D. Bode

Senior Vice President and Chief Accounting Officer

(Principal Accounting Officer)

 

Dated:    March 24, 2015

 

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Section 2: EX-99.1 (EX-99.1)

 

Exhibit 99.1

 

NEWS RELEASE

 

 

 

Investors:

Media:

 

 

Jason Korstange

Mark Goldman

 

 

(952) 745-2755

(952) 475-7050

 

 

[email protected]

[email protected]

 

 

FOR IMMEDIATE RELEASE

 

TCF FINANCIAL CORPORATION  200 Lake Street East, Wayzata, MN 55391-1693

 

TCF FINANCIAL CORPORATION PROMOTES
CRAIG R. DAHL TO PRESIDENT

 

WAYZATA, Minn. – March 24, 2015 –TCF Financial Corporation (“TCF”) (NYSE:TCB) announced today that Craig R. Dahl, currently vice chairman and executive vice president, has been promoted to president and expands his responsibilities to include retail banking and information technology. Dahl will continue to oversee TCF’s lending businesses, including TCF Equipment Finance, TCF Inventory Finance, Winthrop Resources Corporation, Gateway One Lending and Finance, Commercial Banking and Retail Lending. Dahl will continue to report to chairman and chief executive officer William A. Cooper.

 

“TCF has always placed a priority on building a highly effective and deeply experienced leadership team with diverse perspectives that enables us to execute our strategy and provide value for our customers, team members and shareholders,” said Cooper. “Craig has proven during his 16-year tenure with TCF, and throughout his extensive financial services career, that he can build strong, disciplined teams that deliver high-quality growth and provide innovative solutions to customers. He has grown TCF’s portfolio of national lending businesses from a small, niche business segment into a key revenue and profit growth driver. In addition, his leadership over our commercial banking and consumer real estate businesses has enabled their significant credit quality improvement and new market expansion. Craig also has been instrumental in the recruitment and development of many TCF executives who hold significant leadership positions in the company today.  I am confident that, in this new role, Craig will help drive the next phase of TCF’s strategic plan.”

 

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“Craig’s progression of responsibility at TCF demonstrates our commitment to growing and developing strong executives who provide the continuity and background necessary to lead the organization forward. In his new role, Craig will continue to expand his influence on TCF’s businesses. TCF’s Board has full confidence in Craig and the entire executive leadership team to execute our vision for the company and drive significant shareholder value for years to come.”

 

Dahl joined TCF in 1999 as president and chief executive officer of TCF Equipment Finance, Inc. He later was named president and chief executive officer of Winthrop Resources Corporation. Prior to joining TCF, Dahl held a number of leadership positions with a major financial services company for 22 years. He holds a bachelor’s degree in political economics from Princeton University and is a native of International Falls, Minnesota.

 

About TCF

 

TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2014, TCF had $19.4 billion in total assets and 379 branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit http://ir.tcfbank.com.

 

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