Esquire Financial (ESQ) director Selig Zises steps down for health reasons
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Esquire Financial Holdings, Inc. announced that longtime director Selig Zises resigned from the boards of the company and Esquire Bank, National Association, effective March 31, 2026, to focus on his personal health and related disability.
The company states that Mr. Zises’ resignation was not due to any disagreement with Esquire Financial, the bank, or their affiliates. Following his departure, the size of the company’s Board of Directors was reduced from nine to eight members. His resignation letter is included as an exhibit.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Resignation effective date: March 31, 2026
Board tenure: More than 17 years
Board size before resignation: 9 directors
+2 more
5 metrics
Resignation effective date
March 31, 2026
Effective date of Selig Zises’ resignation
Board tenure
More than 17 years
Length of Selig Zises’ service on the boards
Board size before resignation
9 directors
Size of Esquire Financial’s Board of Directors before change
Board size after resignation
8 directors
Size of Esquire Financial’s Board of Directors after change
Common stock par value
$0.01 par value
Par value of Esquire Financial common stock listed
Key Terms
Emerging growth company, inline XBRL, resignation letter, Common Stock, $0.01 par value
4 terms
Emerging growth company regulatory
"405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
inline XBRL technical
"104 | | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)."
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
resignation letter regulatory
"A copy of Mr. Zises’ resignation letter is attached as Exhibit 99.1 hereto and incorporated herein by reference."
Common Stock, $0.01 par value financial
"Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered Common Stock, $0.01 par value"
FAQ
Why did Selig Zises resign from Esquire Financial Holdings (ESQ)?
Selig Zises resigned from Esquire Financial Holdings and Esquire Bank to focus on his personal health and related disability. His resignation letter emphasizes that the decision is health-related and not tied to disagreements with the company, the bank, or any of their respective affiliates.
Was Selig Zises’ resignation from ESQ due to a disagreement with the company?
No, the company states that Selig Zises’ resignation was not the result of any disagreement with Esquire Financial Holdings, Esquire Bank, or any of their affiliates. The filing clearly attributes his departure to personal health and related disability concerns after more than 17 years of service.
How long did Selig Zises serve on the Esquire Financial (ESQ) board?
Selig Zises served on the boards of Esquire Financial Holdings and Esquire Bank for more than 17 years. The company acknowledges this long tenure in its disclosure and thanks him for his extended service and contributions during that period as a director and committee member.
What happens to Esquire Financial’s board size after Zises’ resignation?
Effective upon Selig Zises’ resignation, the size of Esquire Financial Holdings’ Board of Directors was reduced from nine to eight directors. The filing does not mention any replacement appointment, simply confirming the new total board size following his departure on March 31, 2026.
Which entities did Selig Zises resign from within the Esquire Financial organization?
Selig Zises resigned from all director and committee positions at Esquire Financial Holdings, Esquire Bank, National Association, and the boards of all applicable affiliates. His resignation is described as irrevocable and effective immediately as of March 31, 2026, without need for further action or acceptance.