Federal Home Loan Bank of Boston Announces Board Election and Compensation Policy

Strategic Insights -

The Federal Home Loan Bank of Boston has re-elected Donna L. Boulanger and elected William M. Parent, David Rotatori, and E. Macey Russell to its board of directors for four-year terms. Along with the election, the bank declared its 2022 Director Compensation Policy and reported the committee assignments of the board.

Key Takeaways:

  • Donna L. Boulanger has been re-elected as a member of the Federal Home Loan Bank of Boston's board of directors for a four-year term commencing on January 1, 2022.
  • William M. Parent, David Rotatori, and E. Macey Russell were elected to the board of directors for four-year terms.
  • The Bank reported the 2022 Director Compensation Policy, which was approved by the board on October 22, 2021.
  • The Board elected Donna L. Boulanger as the Chairwoman and Eric Chatman as the Vice Chairman in December 2021.
  • The Bank made the committee assignments on January 19, 2022, which included:

+ Executive Committee: Chairwoman Donna L. Boulanger, Vice Chairman Eric Chatman, and other members.

+ Audit Committee: Chair Emil J. Ragones, Vice Chair Antoinette C. Lazarus, and other members.

+ Finance Committee: Chair John C. Witherspoon, Vice Chair Edward F. Manzi, Jr., and other members.

+ Governance/Government Relations Committee: Chair Thomas J. Curry, Vice Chair Antoinette C. Lazarus, and other members.

+ Housing & Community Development Committee: Chair Joan Carty, Vice Chair Patrick E. Clancy, and other members.

+ Human Resources and Compensation Committee: Chair Michael R. Tuttle, Vice Chair Thomas J. Curry, and other members.

+ Risk Committee: Chair Dwight M. Davidsen, Vice Chair Emil J. Ragones, and other members.

+ Ad Hoc Remediation Committee: Chair Patrick E. Clancy, Thomas J. Curry, Dwight M. Davidsen, Michael R. Tuttle.

Statistics:

  • 4 individuals were re-elected or elected to the Federal Home Loan Bank of Boston's board of directors (Donna L. Boulanger, William M. Parent, David Rotatori, and E. Macey Russell).
  • 2 individuals, Donna L. Boulanger and Eric Chatman, were elected to leadership positions (Chairwoman and Vice Chairman, respectively) in December 2021.
  • The Bank's Board approved the 2022 Director Compensation Policy on October 22, 2021.

Sources:

  • FORM 8-K (Current Report) filed with Securities and Exchange Commission on January 25, 2022
  • FORM 8-K/A (Amendment No. 1) filed with Securities and Exchange Commission on January 25, 2022
  • Federal Home Loan Bank of Boston's report on the election of directors and compensation policy, filed with the Securities and Exchange Commission on October 22, 2021.