STOCK TITAN
  1. Home
  2. Sec-filings
  3. MTB
  4. [8-K] M&T BANK CORP Reports Material Event

Delaware North CEO Jerry Jacobs Jr. joins M&T Bank (MTB) board

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

Rhea-AI Filing Summary

M&T Bank Corporation has elected Jeremy M. “Jerry” Jacobs Jr., chief executive officer of Delaware North, to its Board of Directors, effective June 16, 2026. He was also elected to the Board of Directors of M&T Bank, the company’s principal banking subsidiary.

Jacobs co-leads Delaware North, a global hospitality and entertainment company, and has held senior roles there since 1986, becoming chief executive officer in 2015. As a non-employee director, he will participate in M&T’s standard director compensation program. The company notes that Delaware North’s credit relationships with M&T Bank are ordinary-course, on terms similar to other customers.

Positive

  • None.

Negative

  • None.
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.
Form type 8-K Current report on director election
Board appointment effective date June 16, 2026 Effective date of Jacobs’ election
Exhibit 99.1 description News Release dated June 16, 2026 Public announcement of board election
Principal role CEO of Delaware North Position held by Jeremy M. Jacobs Jr.
non-employee director financial
"As a non-employee director, Mr. Jacobs will participate in M&T's director compensation program"
ordinary course credit relationships financial
"Delaware North and its affiliates have a variety of ordinary course credit relationships with M&T Bank"
principal banking subsidiary financial
"Mr. Jacobs was also elected as a director of M&T Bank, M&T's principal banking subsidiary"
director compensation program financial
"Mr. Jacobs will participate in M&T's director compensation program as described in M&T's 2026 proxy statement"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →
FALSE000003627000000362702026-06-162026-06-160000036270us-gaap:CommonStockMember2026-06-162026-06-160000036270mbt:PerpetualFixedToFloatingRateNonCumulativePreferredStockSeriesHMember2026-06-162026-06-160000036270mbt:PerpetualFixedToFloatingRateNonCumulativePreferredStockSeriesJMember2026-06-162026-06-160000036270mbt:PerpetualFixedToFloatingRateNonCumulativePreferredStockSeriesKMember2026-06-162026-06-16

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): June 16, 2026
___________________________________
M&T BANK CORPORATION
(Exact name of registrant as specified in its charter)
___________________________________

New York
(State or other jurisdiction of incorporation)
1-9861
(Commission File Number)
16-0968385
(I.R.S. Employer Identification Number)
One M&T Plaza, Buffalo, New York
14203
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (716) 635-4000
___________________________________
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 (see General Instructions A.2. below):
☐
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 Class
Trading Symbols
Name of Each Exchange on Which Registered
Common Stock, $.50 par value
MTB
New York Stock Exchange
Perpetual Fixed-to-Floating Rate
Non-Cumulative Preferred Stock, Series H
MTBPrH
New York Stock Exchange
Perpetual Fixed Rate Non-Cumulative
Preferred Stock, Series J
MTBPrJ
New York Stock Exchange
Perpetual Fixed Rate Non-Cumulative
Preferred Stock, Series K
MTBPrK
New 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 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain         Officers; Compensatory Arrangements of Certain Officer.
(d)    Election of Jeremy M. Jacobs, Jr. to the Board of Directors
On June 16, 2026, the Board of Directors of M&T Bank Corporation ("M&T") elected Jeremy M. Jacobs, Jr., a director and Chief Executive Officer of Delaware North Companies, Inc. ("Delaware North"), as a director of M&T. Mr. Jacobs was also elected as a director of M&T Bank, M&T's principal banking subsidiary. The public announcement was made by means of a news release, which is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
As a non-employee director, Mr. Jacobs will participate in M&T's director compensation program as described in M&T's 2026 proxy statement, which was filed with the Securities and Exchange Commission on March 10, 2026. There are no arrangements or understandings between Mr. Jacobs and any other person pursuant to which he was selected as a director. Delaware North and its affiliates have a variety of ordinary course credit relationships with M&T Bank. These lending relationships were entered into in the ordinary course of business, on substantially the same terms, including interest rate and collateral, as those prevailing at the time of comparable loans with other customers, and did not involve more than the normal risk of collectability or present other unfavorable features.


Item 9.01    Financial Statements and Exhibits.

(d)    The following exhibits are being filed herewith:

Exhibit No.    Description
99.1        News Release dated June 16, 2026
104        Cover Page Interactive Data File (embedded within the Inline XBRL document)


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



M&T BANK CORPORATION
Date:
June 16, 2026
By:
/s/ Stephen T. Wilson
Stephen T. Wilson
Senior Vice President and Corporate Secretary



Exhibit 99.1

M&T Bank Corporation Elects Jerry Jacobs Jr. to Board of Directors

BUFFALO, N.Y., June 16, 2026 — M&T Bank Corporation (NYSE: MTB) (“M&T”) today announced the election of Jerry Jacobs Jr., chief executive officer of Delaware North, to its Board of Directors, effective June 16, 2026. Mr. Jacobs was also elected to the Board of Directors of M&T Bank, M&T’s principal banking subsidiary.

Jacobs leads Delaware North, a global hospitality and entertainment company with operations spanning sports venues, parks, gaming, hotels and food service. He shares the chief executive officer title with his brothers, Lou and Charlie, and also serves as an alternate governor to the Boston Bruins.

He joined Delaware North in 1986 and has held a series of senior leadership roles across the business, including leading its Sportservice division before being named chief executive officer in 2015. In his current role, he oversees the company’s strategy, governance and financial performance.

Jacobs is active in several civic and nonprofit organizations, serving as the chair of the UB Council, a member of the US Travel Association CEO Roundtable and a board member of The Corps Network.

“Jerry brings a strong track record of leadership and operational execution, along with deep ties to Western New York and a clear commitment to the people and places he serves,” said René Jones, M&T chairman and chief executive officer. “His experience leading a complex, customer-centric organization will strengthen the perspectives represented in our boardroom.”

“I’m honored to join M&T’s Board of Directors,” Jacobs said. “M&T’s consistent focus on its customers and communities, along with its disciplined approach to growth, positions the company well for the future, and I look forward to contributing to that continued success.”

Mr. Jacobs earned a bachelor’s degree from Georgetown University and an MBA from the Wharton School of the University of Pennsylvania.

About M&T Bank

M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.

Equal Housing Lender. © 2026 M&T Bank. NMLS# 381076. Member FDIC. All rights reserved.

Media Contact:
Frank Lentini
(929) 651-0447 / flentini@mtb.com

Source: View Original Filing on SEC EDGAR

FAQ

What board change did M&T Bank Corporation (MTB) announce?

M&T Bank Corporation announced that Jeremy M. “Jerry” Jacobs Jr., CEO of Delaware North, has been elected to its Board of Directors and to the board of M&T Bank, effective June 16, 2026, adding an experienced hospitality and entertainment executive to its governance.

Who is Jeremy M. “Jerry” Jacobs Jr., newly elected to M&T’s board?

Jeremy M. “Jerry” Jacobs Jr. is chief executive officer of Delaware North, a global hospitality and entertainment company. He has worked there since 1986, led its Sportservice division, became CEO in 2015, and oversees strategy, governance, and financial performance while holding several civic and nonprofit roles.

How will Jerry Jacobs Jr. be compensated as an M&T Bank (MTB) director?

As a non-employee director, Jerry Jacobs Jr. will participate in M&T’s standard director compensation program described in its 2026 proxy statement. This means his compensation aligns with that of other outside directors, rather than executive management, reflecting his independent board oversight role.

Does M&T Bank have business relationships with Delaware North?

M&T Bank maintains various ordinary course credit relationships with Delaware North and its affiliates. These lending arrangements were entered on substantially the same terms as comparable loans to other customers and, according to M&T, do not involve more than normal credit risk or other unfavorable features.

When does Jerry Jacobs Jr.’s appointment to M&T Bank’s board take effect?

Jerry Jacobs Jr.’s appointment to the Board of Directors of M&T Bank Corporation and M&T Bank is effective June 16, 2026. The company announced his election and effective date in a news release that is filed as an exhibit to the same report.

Filing Exhibits & Attachments

5 documents

Press Releases

Other Documents