Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Effective December 31, 2020, Jorge Trabanco, Executive Vice President and
Chief Accounting Officer, retired from Amerant Bancorp Inc. ("Amerant" or the
"Company"). As previously reported, on October 9, 2020, the Board of Directors
of the Company adopted a voluntary early retirement plan (the "Voluntary Plan")
for certain eligible long-term employees and Mr. Trabanco elected to participate
in the Voluntary Plan. Consistent with the Company's effort to streamline
operations and better align its operating structure with its business
activities, the Company has determined to eliminate the position of Chief
Accounting Officer and create a new Controller position, which will be
responsible for, among other matters, overseeing the Company's accounting and
reporting functions. As more fully described below under Item 5.02.(c) effective
January 1, 2021, Armando Fleitas, started serving as Controller.
(c) Effective January 1, 2021, Armando Fleitas began serving as Senior Vice
President and Controller of the Company. The following is a summary of Mr.
Fleitas' business experience.
Armando Fleitas, 44, joined Amerant in 2010, serving in various management
positions in the financial reporting area, including most recently as Senior
Vice President and Financial Reporting Manager. In this role, he has been
responsible for overseeing the preparation of consolidated and stand-alone
statutory financial statements, the quarterly and annual reports on Forms 10-Q
and 10-K of the Company filed with the Securities and Exchange Commission, as
well as overseeing the Company's internal controls over financial reporting
function and, more recently, the vendor management function. Mr. Fleitas began
his career in 1996 at PricewaterhooseCoopers (PwC) Venezuela, transitioning in
2003 to PwC in the US. At PwC, he held various roles in the areas of audit and
accounting consulting services primarily serving customers in the financial
services industry. Mr. Fleitas earned a bachelor's degree in accounting from
Universidad Católica Andrés Bello in Caracas, Venezuela, in 1998 and a master's
degree in accounting from the Huizenga School of Business and Entrepreneurship
at Nova Southeastern University, Fort Lauderdale, USA, in 2011. He is a
Certified Public Accountant (CPA) in the United States (NH-2005-active,
NY-2010-inactive), and in Venezuela (2006). He holds a Chartered Global
Management Accountant (CGMA) designation and is a member of the Florida
Institute of Certified Public Accountants (FICPA) and the American Institute of
Certified Public Accountants (AICPA).
In his capacity as Senior Vice President and Controller, Mr. Fleitas will also
serve as the principal accounting officer of the Company.
There are no arrangements or understandings between Mr. Fleitas and any other
persons in connection with his appointment as Senior Vice President and
Controller. No family relationship exists between Mr. Fleitas and any of
Amerant's directors or executive officers.
There are no related party transactions in which Mr. Fleitas or any of his
immediate family members has an interest that would require disclosure under
Item 404(a) of Regulation S-K.
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