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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):

July 26, 2008

 


 

 

TCF FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 


 

Delaware

 

001-10253

 

41-1591444

 

(State or other jurisdiction of
incorporation or organization)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

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

(Address of principal executive offices)

 

(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:

 

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

 

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

 

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

 

o   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.

 

On July 26, 2008, the Board of Directors of TCF Financial Corporation (the “Company”) elected William A. Cooper to succeed Lynn A. Nagorske as Chief Executive Officer effective July 26, 2008.

 

Mr. Cooper, 65, has been Chairman of the Board of the Company since its formation in 1987.  Mr. Cooper was also the Chief Executive Officer of the Company from 1987 – 2005, and was Chief Executive Officer of TCF National Bank, a wholly-owned national bank subsidiary of the Company, until 1993.  Effective December 31, 2005, he retired as an employee and Chief Executive Officer of the Company but continued to serve as non-executive Chairman.  Mr. Cooper has been a Director of the Company since its formation in 1987.  He is also a controlling shareholder of Cooper State Bank, a state bank organized under the laws of the State of Ohio.

 

 A copy of the press release issued by the Company on July 28, 2008, announcing Mr. Cooper’s succession of Mr. Nagorske 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.

 

(c)            Exhibits.

 

 

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release dated July 28, 2008.

 

 

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, thereunto duly authorized.

 

 

 

TCF FINANCIAL CORPORATION

 

 

 

 

 

 

 

 

/s/ William A. Cooper

 

 

William A. Cooper,

 

 

Chief Executive Officer and Director

 

 

 

 

 

 

 

 

/s/ Thomas F. Jasper

 

 

Thomas F. Jasper, Executive Vice President and

 

 

Chief Financial Officer

 

 

(Principal Financial Officer)

 

 

 

 

 

 

 

 

/s/ David M. Stautz

 

 

David M. Stautz, Senior Vice President,

 

 

Controller and Assistant Treasurer

 

 

(Principal Accounting Officer)

 

 

Dated:    July 28, 2008

 

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Section 2: EX-99.1 (EX-99.1)

Exhibit 99.1

 

NEWS RELEASE

CONTACT:

Jason Korstange
(952) 745-2755
www.tcfbank.com

 

 

 

 

 

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

 

Cooper Returns to TCF as CEO

 

WAYZATA, MN, July 28, 2008 – TCF Financial Corporation’s (TCF) (NYSE: TCB) Board of Directors announced today the election of William A. Cooper as Chief Executive Officer (CEO).  Mr. Cooper will be returning to the CEO position effective immediately, replacing Mr. Lynn Nagorske who is retiring.  Mr. Cooper commented that “Lynn Nagorske has made great contributions to the success of TCF in his 22 years with the company and has successfully guided the bank in this most challenging economic environment.   He has earned the respect and admiration of our board, our management team and our employees and we wish him well.”

Mr. Cooper was Chairman and CEO of TCF Financial Corporation from 1985 through 2005.  He will continue to serve as Chairman of the board, in addition to his new position.

Mr. Cooper will make a statement and answer questions at 2:00 p.m. Central Time today, July 28th.  You can join the teleconference by dialing (800) 366-7449.

TCF is a Wayzata, Minnesota-based national financial holding company with $16.5 billion in total assets.  The company has 454 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana and Arizona, providing retail and commercial banking services, and investments and insurance products.  TCF also conducts leasing and equipment finance business in all 50 states.

 

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