STOCK TITAN
  1. Home
  2. Sec-filings
  3. FCF
  4. [8-K] FIRST COMMONWEALTH FINANCIAL CORP /PA/ Reports Material Event

First Commonwealth appoints new chief accounting officer

First Commonwealth Financial Corporation appointed a new chief accounting officer, setting $275,000 base pay and one year of severance under a change of control agreement.

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

First Commonwealth Financial Corporation (FCF) reported that on September 14, 2026, Phillip J. Graves Jr. was appointed Chief Accounting Officer of the company and First Commonwealth Bank and was designated as the company’s principal accounting officer, effective the same date.

Graves joined First Commonwealth on September 14, 2026 after serving as a Senior Manager at KPMG LLP from October 2021 to August 2026. His compensation includes an annual base salary of $275,000 and a change of control agreement providing one year of severance, on substantially the same terms as those for other executive officers. The company states there are no appointment-related arrangements with other persons, no family relationships with directors or executive officers, and no material related-party transactions involving Graves under Item 404(a) of Regulation S‑K.

Positive

  • None.

Negative

  • None.

Filing Explained

The company said it will enter into a change-of-control agreement with Phillip J. Graves Jr., providing one year of severance; the agreement was not yet filed and is planned as an exhibit to the Form 10-Q for the quarter ending September 30, 2026.

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, or exhibit attachments filed with this report.
Appointment effective date September 14, 2026 Date Phillip J. Graves Jr. became Chief Accounting Officer and principal accounting officer
Annual base salary $275,000 Base salary for Phillip J. Graves Jr. as Chief Accounting Officer
Severance term under change of control 1 year Severance period provided in the change of control agreement for Phillip J. Graves Jr.
Prior KPMG tenure start October 2021 Start of service as Senior Manager at KPMG LLP before joining First Commonwealth
Prior KPMG tenure end August 2026 End of service as Senior Manager at KPMG LLP before joining First Commonwealth
principal accounting officer financial
"and was designated as the Company's principal accounting officer, effective September 14, 2026"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
change of control agreement financial
"the Company will enter into a change of control agreement with Mr. Graves"
Item 404(a) of Regulation S‑K regulatory
"any transaction required to be disclosed pursuant to Item 404(a) of Regulation S‑K"
emerging growth company regulatory
"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did FCF announce on September 14, 2026?
First Commonwealth Financial Corporation announced that Phillip J. Graves Jr. was appointed Chief Accounting Officer of the company and First Commonwealth Bank and was designated as the company’s principal accounting officer, effective September 14, 2026.

What is the new chief accounting officer’s background at FCF?
Phillip J. Graves Jr. joined First Commonwealth on September 14, 2026. Before that, he served as a Senior Manager at KPMG LLP from October 2021 to August 2026, according to the company’s disclosure.

What is the base salary for FCF’s new chief accounting officer?
First Commonwealth states that in connection with his appointment, Phillip J. Graves Jr. will receive an annual base salary of $275,000 as Chief Accounting Officer and principal accounting officer.

What severance protection will Phillip J. Graves Jr. have at FCF?
The company will enter into a change of control agreement with Phillip J. Graves Jr. that provides for one year of severance, with substantially the same terms as First Commonwealth’s change of control agreements with its other executive officers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
falseFIRST COMMONWEALTH FINANCIAL CORP /PA/25-14285282026FY000071253700007125372026-09-142026-09-14

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): 9/14/2026
 
First Commonwealth Financial Corporation
(Exact name of registrant as specified in its charter)
 
Pennsylvania001-1113825-1428528
(State or other jurisdiction
of incorporation)		(Commission File Number)(IRS Employer
Identification No.)
601 Philadelphia Street
Indiana, PA15701
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (724) 349-7220
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))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $1.00 par valueFCFNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 14, 2026, Phillip J. Graves Jr. was appointed Chief Accounting Officer of First Commonwealth Financial Corporation (the "Company") and First Commonwealth Bank, and was designated as the Company's principal accounting officer, effective September 14, 2026.
Mr. Graves joined the Company on September 14, 2026. Prior to joining the Company, Mr. Graves served as a Senior Manager at KPMG LLP from October 2021 to August 2026.
There are no arrangements or understandings between Mr. Graves and any other person pursuant to which he was appointed as Chief Accounting Officer. There are no family relationships between Mr. Graves and any director or executive officer of the Company, and Mr. Graves has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S‑K.
In connection with his appointment, Mr. Graves will receive an annual base salary of $275,000. In addition, the Company will enter into a change of control agreement with Mr. Graves that provides for one year of severance with substantially the same terms as the Company's change of control agreements with other executive officers. The foregoing description is qualified in its entirety by reference to the change of control agreement, a copy of which will be filed as exhibits to the Company's Quarterly Report on Form 10‑Q for the quarter ending September 30, 2026.

Item 9.01Financial Statements and Exhibits
Exhibits
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).



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.
Dated: September 17, 2026
 
FIRST COMMONWEALTH FINANCIAL CORPORATION
By:/s/ James R. Reske
Name:James R. Reske
Title:Executive Vice President, Chief Financial Officer and Treasurer


Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Other Documents

Keep reading

More on FCF

Trending in the feed

Open the live feed