Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers
On January 19, 2021, David J. Matlin informed the Board of Directors (the
"Board") of Flagstar Bancorp, Inc. (the "Company") of his decision not to stand
for re-election at the Company's 2021 Annual Meeting of Shareholders, expected
to be held on May 25, 2021 (the "Annual Meeting"). Accordingly, Mr. Matlin's
term as a director will end when his current term expires at the conclusion of
the Annual Meeting. Mr. Matlin's decision to not stand for re-election was not
due to any disagreements with the Company on any matter relating to the
Company's operations, policies or practices.
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