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Get filing alertsM&T Bank elects Delaware North CEO Jerry Jacobs Jr. to Board of Directors
Filed June 16, 2026 · Period ending June 16, 2026 · ~1 min read
Key Changes
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M&T Bank elected Jerry Jacobs Jr., CEO of Delaware North, to its Board of Directors effective June 16, 2026. Jacobs will also serve on the board of M&T's principal banking subsidiary.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Jacobs brings nearly 40 years of experience at Delaware North, a global hospitality and entertainment company with operations across sports venues, parks, gaming, hotels, and food service. He has served as CEO since 2015.
Exhibit 99.1 view on EDGAR → -
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Delaware North and its affiliates maintain ordinary-course lending relationships with M&T Bank on market terms with no elevated risk or unfavorable features.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
M&T Bank Corporation added Jerry Jacobs Jr. to its Board of Directors effective June 16, 2026. Jacobs serves as CEO of Delaware North, a private global hospitality and entertainment company, where he has worked since 1986 and held the CEO role since 2015. His operational experience leading a customer-facing business with diverse operations aligns with M&T's community banking focus.
The filing discloses that Delaware North maintains existing lending relationships with M&T Bank, entered into on market terms in the ordinary course of business. Jacobs will receive standard non-employee director compensation under M&T's existing program. This is a routine board expansion with no immediate material impact on M&T's operations or strategy.
Section-by-Section Diff
Event · Exhibit 99.1
Show 1 minor / wording change
Added in current filing · view on EDGAR →
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.
Jacobs has nearly 40 years of experience at Delaware North, joining in 1986 and serving as CEO since 2015. He oversees strategy, governance, and financial performance for a company with operations across sports venues, parks, gaming, hotels, and food service. His operational experience in a customer-facing business aligns with M&T's community banking focus.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
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.
M&T Bank added Jeremy M. Jacobs, Jr. to its Board of Directors. Mr. Jacobs serves as CEO of Delaware North Companies, a private hospitality and food service company. He will also serve on the board of M&T's principal banking subsidiary.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
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.
Mr. Jacobs will receive standard non-employee director compensation under M&T's existing program disclosed in the 2026 proxy statement. No special compensation arrangements were made for this appointment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 17, 2026 · How we verify