On March 25, 2026, Flagstar Bank, National Association, filed an 8-K report detailing significant changes in its board of directors. Alessandro DiNello has decided not to seek re-election at the upcoming Annual Meeting of Shareholders scheduled for June 9, 2026. His term will conclude at the end of the meeting, and it was clarified that this decision was not due to any disagreements regarding the bank's operations or policies.

In a related development, Eli H. Miller has been appointed to the Board of Directors, effective April 1, 2026. Miller fills the vacancy left by Brian Callanan's resignation. He brings a wealth of experience, having served as a Senior Managing Director at Liberty Strategic Capital and previously as Managing Director of Government Relations at Blackstone Inc. His background includes significant roles in public policy and investment decision-making, as well as serving as Chief of Staff at the U.S. Department of the Treasury.

Miller's appointment is part of a strategic move to enhance the board's capabilities, particularly in risk assessment and technology operations, as he will serve on both the Risk Assessment Committee and the Technology and Operations Committee. He will receive standard remuneration for non-employee directors, which includes an annual cash retainer and equity awards.

These changes come at a time when Flagstar Bank is navigating a complex financial landscape, and the leadership transition is expected to influence the bank's strategic direction moving forward. Investors and stakeholders will be closely monitoring how these changes impact the bank's governance and operational execution in the coming months.

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